Monday, 30th April 2007 (2104 views)

Azco Mining Incorporated has announced that it is going to carry on with work on a silver and gold deposit in New Mexico.

Known as the Summit deposit, it has already received positive pre-feasibility results which it hopes it can use to secure funding and explore avenues of financing.

Once money matters are all sorted then the firm will immediately begin developing the mine, constructing the mill and beginning production.

Dr Pierce Carson, the chief executive officer of Azco Mining Incorporated, said: "We are pleased to announce outstanding results, especially at a time when rising precious metals prices have created an exciting climate for the company and its future prospects."

Mining engineer consultants Chapman, Wood and Griswold have already concluded that at today's silver and gold prices, the Summit deposit would form the basis of "an attractive and economically viable underground mining operation" and that a commitment to production appears to entail minimal project risk.

Azco is a US-based mining and exploration enterprise focused on gold, silver and copper.

 

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