Los Cerros Limited
ASX listed exploration and mining company, Los Cerros Limited (ASX:LCL), was formed in August 2019 when Metminco Ltd merged with Andes Resources, resulting in a dominant position within the Andes and Quinchia regions of the Mid-Cauca Gold belt in Colombia.
Across the ~100,000ha portfolio of applications and granted titles, projects range from multiple early stage exploration, through to advanced projects including feasibility.
Los Cerros primary focus is the Quinchia Gold Portfolio, located in the Mid-Cauca Belt, which has a JORC compliant estimated Mineral Resource (Measured+Indicated) of 0.84Moz of gold and Reserve of 0.547Moz of gold. The 10,500ha Quinchia Project contains a number of gold deposits and significant exploration and development targets including Miraflores, Tesorito, Chuscal and Dosquebradas.
Los Cerros Andes Gold Portfolio consists of a 90% interest in ~85,000ha of tenements also within the Mid-Cauca belt and including three granted titles. Only ~10% of the expansive portfolio has been systemically explored but already delivered 12 vein type gold/silver targets and multiple gold/copper porphyry targets.
Major shareholders include AngloGold Ashanti (NYSE: AU), Sandfire Resources (ASX:SFR), and highly accomplished geologist Dr Minlu Fu.
Check out the article below for more on Los Cerros Ltd...
Gold Junior Los Cerros Welcomes Mining Major to the Register
Apr 30, 2020
US$11 billion AngloGold Ashanti Limited (JSE: ANG | ASX: AGG | NYSE: AU) entered an agreement to become a shareholder in Los Cerros (ASX:LCL) in exchange for its joint-venture interest in the Chuscal discovery.