Yandera DFS in March

THE long-awaited release of a definitive feasibility study for Marengo Mining’s Yandera copper-gold project in Papua New Guinea has been delayed to March, while drilling continues to hit triple-digit intersections.
Yandera DFS in March Yandera DFS in March Yandera DFS in March Yandera DFS in March Yandera DFS in March

The DFS was expected in mid-2012 but some surprisingly strong infill drilling results last year threw more options into the game plan.

Further "optimisation" work is underway, with Marengo pencilling in a DFS announcement in March.

Drilling in the December quarter came across some more broad intersections which contain high grades.

At the project's Imbruminda zone there was a 416m intersection at 0.42% copper from the surface which included a 48m stretch grading 1.06% copper and 1.52 grams per tonne gold.

The Gremi zone had a 102m intersection grading 0.66% copper just 3m from the surface.

A separate hole there clocked up a 208m intersection at 0.58% copper from a depth of 36m which included a 39m interval at 1.28% copper.


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