TMR 0.00% 16.0¢ tempus resources ltd

lichkvaz project update: armenia

  1. 480 Posts.
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    Just a reminder of the potential of this stock... also look at the LAST 3 WORDS !!!

    ASX announcement from 24/01/2008 :

    "Tamaya Resources Limited is completing a detailed metallurgical testwork programme at its 86.21% owned Lichkvaz project in Armenia, and reports on results to date. The results have shown that Lichkvaz should be reclassified as a polymetallic project, which will produce gold and silver in a copper concentrate, a zinc concentrate, and a gold-rich pyrite/arsenopyrite concentrate that is amenable to cyanide leaching. Indeed, the latter will be processed on site through the plant by cyanidation, to produce a gold-silver doré.
    The importance of this discovery for Tamaya cannot be underestimated. Lichkvaz, as a mainly copper-gold project going into construction and development, sits neatly in Tamaya’s copper portfolio. And, its positive cashflow from March 2009 will augment that of Punitaqui, as the Group emerges as a mid-tier copper company. The cashflow from two operating mines is expected to allow a minimally dilutive financing of Filipina Grande in Chile, which will emerge as Tamaya’s third, and potentially large, copper-gold and iron ore project".
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Mkt cap ! $6.536M
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