Not long now.15,000 metres of new drilling results yet to be reported this year...and scoping/pre feasability in 4th quarter...which we are nearly 1/2 way through... look for bump up SOON!
From Oct 20 news......
Mr Alex Black, Chairman stated "Together with our joint venture partners, Korea Resources Corporation and LS-Nikko Copper Inc., we embarked on a fast track development program in January 2005 for the Marcona Copper Project. The first component of the development program was to produce an updated resource estimate for the Mina Justa prospect and to complete a scoping study focused on the development options for the potential project. The resource estimate is now complete and the scoping study is due for completion in the fourth quarter of this year. An exploration program focused on prospective targets within 15 kilometres of the Mina Justa resource area has also commenced. The mineralized resource estimate announced today is further testament to the quality and development potential of the Marcona Copper Project."
Chariot Resources Limited (TSX:CHD) is developing its 70% owned Marcona Copper Project in Peru. With exceptional infrastructure, a significant resource and strong financial and commercial partners, Marcona is scheduled to achieve mid-tier copper producer status by 2009.