Minsud Resources is set to begin a 22 hole, 5,300m HQ diamond drilling program in the Chita Porphyry sector of the Chita Valley project in San Juan, Argentina.

The firm completed an induced polarization/resistivity geophysical survey over the Chinchillones Complex sector of the project in the first half of this year.

This survey has identified the already drill tested mineralized and barren areas and a variety of new targets in overburden covered areas.

Three diamond drill holes, with around 1,200m, are proposed as an initial test of two target areas.

Two drill holes will test classical epithermal precious metals IP/Resistivity responses in the Chinchillones breccia area and one drill hole will be tested for remobilized Cu porphyry mineralization at a resurgent dome contact with early mineralized (EM) porphyry.

The main objective of the drilling is to continue outlining Cu-Au-Ag-Mo mineralization and inferred resources at relatively shallow depth beneath the zone of surface weathering and oxidation.

Minsud Resources president and CEO Carlos Massa said: "First of all we wish to thank those investors, who share our medium-long term vision of the mining business, for continuing to invest in Minsud.

"We believe that good mining development projects will become scarce for a business chain that is not replacing reserve consumption worldwide. We are exploring now to be well positioned for the future."