Early Extinguishment of Quinchia Project Debt
Filed with ASX · · 13 pages · English and French
o 116m @ 1.38 g/t Au from 114m, incl74m @ 1.6g/t Au from 114mincluding4m @ 3.18 g/t Au from 148,and 2m @ 9.58g/t Au from 176m Los Cerros Limited (ASX: LCL) (Los Cerros or the Company), is pleased to advise it that it is in advanced negotiations with FirstRand Investment Holdings (Pty) Ltd (RMB) to make a one-off discounted payment of A$2.21 million for the immediate extinguishment of the existing
Story so far
Earlier from LCL Resources
- Special presentation results of Tesorito hole no. 8
- Thick intercept of gold from surface at Tesorito Porphyry
- Drilling intercepts interpreted core of porphyry gold system
- Tesorito drilling commenced, own rig shipped, IP on its way
- Drill rig set up at Tesorito gold porphyry target
Later from LCL Resources
- $10M raising for multi-rig drilling and to extinguish debt
- RMB settlement - debt extinguished, Chile assets sold
- Los Cerros ramps-up to 2 rigs. 3rd rig arrived in-country
- Company secures 100% of Chuscal through deal with AngloGold
- Drill hole into Tesorito North suggests second porphyry body
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