Virgin Metals is a junior exploration and development company; its projects include two copper-molybdenum porphyry properties in Sonora, northern Mexico. One of these, Los Verdes, has been the subject of a prefeasibility study, while the other, Cuatro Hermanos has been the subject of a number of drill campaigns resulting in the first resource estimate for this property.

Los Verdes:A pre-feasibility study has demonstrated in considerable detail a robust project based on molybdenum and copper recovery only; upside exists in tungsten recovery and improved molybdenum recovery. Reserve of 7.05 million tonnes at 0.137% Mo and 0.657% Cu gives a project life of 8 years and NPV of $96.9 million and IRR of 23%. Direct cash costs of $22.7/tonne of ore, cost per lb Mo less than $1/lb after copper credits. - Click here to find out more

Cuatro Hermanos:Initial resource estimates on a small part of this huge porphyry system indicate over 200 million tonnes at 0.41% copper equivalent with additional 550 million tonnes inferred resource at 0.4% cu equivalent. - Click here to find out more