| Rubi Project |
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Rubi Project |
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Peru
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Status |
GREEN EXPLORATION
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Legends
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| Risk and valuation analysis of the Rubi Project |
| Status Risk : Green exploration |
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| Title(s) of the Rubi Project |
 | Radius Gold Inc.
Joint venture: 40% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The exploration and cash payments over the remainder of the term will be joint-funded by both parties (60% IMC, 40% Radius) with each party subject to standard dilution requirements for non-contribution of funds (see press release dated October 8, 2008). |
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| Location of the Rubi Project |
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The property is located some 400 km south-east of Lima in the Department of Ayacucho, south-central Peru. The claims are within 2 km of the Nazca-Cusco highway, some 16 km east of the town of Puquio. Access within the claims is good via numerous dirt tracks.
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| History of the Rubi Project |
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Minas Rubi was a former producing Au-Ag mine in the 1980's and 1990's and was held by Banco Minero for 15 years, Hochschild won the property by auction in 2005 and Exploraciones Andinas recently acquired the property from the former.
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| Geology of the Rubi Project |
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Sedimentary rocks of Mesozoic age correspond to the Arcurquina Formation, which are overlain by Tertiary volcanic rocks of Paleogene to Pleistocene age and classified as the Puquio, Grupo Tacaza and Barroso Formations.
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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