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Metminco secures $1 million via sale of non-core Chile asset

Metminco is currently assessing the results from its recent drilling campaign at Chuscal within the Quinchia Project in Chile.

Metminco Ltd - Metminco secures $1 million via sale of non-core Chile asset
Results from the last drill hole expected in mid-January

Metminco Limited (ASX:MNC) is progressing the sale of its legacy and non-core Mollacas Project in Chile which is expected to conclude in the next few weeks.

The company is in the process of completing regulatory settlement processes and requirements for the repatriation of the USD$1 million sale proceeds.

Drilling at Chuscal

Metminco is currently assessing the results from its recent drilling campaign at Chuscal within the Quinchia Project in Chile with assay results from the last drill hole expected in mid-January.

The assay results and other recent field and desktop work are fundamental inputs to formulating the company’s 2020 exploration plan including the completion of a district-scale 3D geological and structural study of the Chuscal, Tesorito, Miraflores and Dosquebradas porphyry/epithermal systems.

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