Zincore Metals Inc. reported that First Quantum Minerals has terminated the Memorandum of Understanding governing the Regional Copper Exploration Program between the two companies for Zincore's Accha Zinc Oxide District. Zincore's AZOD property package is located in the prolific Yauri-Andahuaylas copper belt of southern Peru. Zincore and First Quantum originally announced the MOU for Regional Copper Exploration on Zincore's 50,000 hectare AZOD property package in July 2013.

Work that lead to the announcement of three Copper Target Areas in December 2013 included soil sampling, geological mapping, geophysical surveys and interpretation of airborne geophysics, structural lineaments and Aster images. The two companies are still discussing a final settlement of accounts related to their partnership activities and any monies that may still be owing between the parties. The Dolores project, which is also located on Zincore's AZOD property package, is being explored under a separate joint-venture with First Quantum Minerals.

First Quantum has now provided Zincore with assay results from the latest four holes drilled at Dolores. Zincore is analyzing the results and will report on them as soon as they are fully understood. Since establishing the Dolores joint-venture with Zincore in 2012, First Quantum has carried out work to the second of five earn-in stages and currently owns 50.1% of the project, with Zincore owning the other 49.9%.