Peruvian Metals Consolidates 100% Interest in the Au-Ag-Cu Palta Dorada Project in Northern Peru
Peruvian Metals (TSXV: PER) (OTCQB: DUVNF) has completed the purchase of the remaining 50% interest in the Palta Dorada Gold-Silver-Copper property in Northern Peru, resulting in 100% ownership. The consolidation provides strategic advantages due to the property's unique high-grade mineralization. The company plans to process sulphides at its 80% owned Aquila Norte flotation plant and is considering building a Carbon-in-Pulp (CIP) gold ore processing circuit for oxide material.
The Palta Dorada property covers approximately 2,250 hectares in the Ancash mining department. Development work has focused on the main San Juan vein, which has a surface exposure of at least 840 meters. Chip samples from the vein showed high-grade gold, silver, and copper content. The company also plans to start a detailed exploration program to locate and define additional mineralized structures.
Peruvian Metals (TSXV: PER) (OTCQB: DUVNF) ha completato l'acquisto del restante 50% di interesse nella proprietà di oro, argento e rame Palta Dorada nel nord del Perù, raggiungendo così la proprietà totale al 100%. Questa consolidazione offre vantaggi strategici grazie alla peculiare mineralizzazione ad alta legge della proprietà. L'azienda prevede di trattare i solfuri presso il suo impianto di flottazione Aquila Norte, di cui possiede l'80%, e sta considerando la costruzione di un circuito di lavorazione di minerali d'oro Carbon-in-Pulp (CIP) per il materiale ossidato.
La proprietà Palta Dorada si estende su circa 2.250 ettari nel dipartimento minerario di Ancash. I lavori di sviluppo si sono concentrati sulla principale vena San Juan, che presenta un'esposizione superficiale di almeno 840 metri. I campioni estratti dalla vena hanno mostrato un contenuto elevato di oro, argento e rame. L'azienda prevede inoltre di avviare un programma di esplorazione dettagliato per individuare e definire ulteriori strutture mineralizzate.
Peruvian Metals (TSXV: PER) (OTCQB: DUVNF) ha completado la compra del restante 50% de interés en la propiedad de oro, plata y cobre Palta Dorada en el norte de Perú, resultando en una posesión total del 100%. La consolidación proporciona ventajas estratégicas debido a la singular mineralización de alta ley de la propiedad. La compañía planea procesar sulfuros en su planta de flotación Aquila Norte, de la cual posee el 80%, y está considerando construir un circuito de procesamiento de mineral de oro Carbon-in-Pulp (CIP) para material óxido.
La propiedad Palta Dorada cubre aproximadamente 2,250 hectáreas en el departamento minero de Ancash. El trabajo de desarrollo se ha centrado en la principal veta San Juan, que tiene una exposición en superficie de al menos 840 metros. Las muestras tomadas de la veta mostraron un alto contenido de oro, plata y cobre. La compañía también planea iniciar un programa de exploración detallado para localizar y definir estructuras mineralizadas adicionales.
페루메탈 (TSXV: PER) (OTCQB: DUVNF)는 북부 페루에 있는 팔타 도라도 금-은-구리 자산의 나머지 50% 지분을 인수하여 100% 소유권을 확보하였습니다. 이러한 통합은 자산의 독특한 고품위 광물화 덕분에 전략적 이점을 제공합니다. 회사는 80% 소유의 아퀼라 노르떼 플로테이션 공장에서 황화물 처리를 계획하고 있으며, 산화물 물질을 위한 카본 인 펄프(CIP) 금광 처리 회로의 건설을 고려 중입니다.
팔타 도라도 자산은 안카시 광업구역에 약 2,250 헥타르를 차지하고 있습니다. 개발 작업은 최소한 840미터의 표면 노출을 가진 주요 산 후안 정맥에 집중되었습니다. 정맥에서 채취한 샘플은 고품위의 금, 은, 구리 함량을 보여주었습니다. 회사는 또한 추가 광물화 구조를 발견하고 정의하기 위한 세부 탐사 프로그램을 시작할 계획입니다.
Peruvian Metals (TSXV: PER) (OTCQB: DUVNF) a finalisé l'achat de l'intérêt restant de 50% dans la propriété en or, argent et cuivre Palta Dorada dans le nord du Pérou, aboutissant à une propriété totale de 100%. Cette consolidation offre des avantages stratégiques en raison de la minéralisation unique à haute teneur de la propriété. La société prévoit de traiter les sulfures dans sa plante de flottation Aquila Norte, dont elle possède 80%, et envisage de construire un circuit de traitement d'or par Carbon-in-Pulp (CIP) pour le matériel oxydé.
La propriété Palta Dorada couvre environ 2 250 hectares dans le département minier d'Ancash. Les travaux de développement se sont concentrés sur la principale veine San Juan, qui présente une exposition en surface d'au moins 840 mètres. Les échantillons prélevés sur la veine ont montré une forte teneur en or, argent et cuivre. La société prévoit également de lancer un programme d'exploration détaillé pour localiser et définir d'autres structures minéralisées.
Peruvian Metals (TSXV: PER) (OTCQB: DUVNF) hat den Kauf der verbleibenden 50% Beteiligung an der Palta Dorada Gold-Silber-Kupfer-Liegenschaft im Norden Perus abgeschlossen, was zu einem 100%igen Eigentum führt. Die Konsolidierung bietet strategische Vorteile aufgrund der einzigartigen hochgradigen Mineralisierung der Liegenschaft. Das Unternehmen plant, Sulfide in seiner zu 80% eigenen Aquila Norte-Separationsanlage zu verarbeiten und zieht in Betracht, einen Carbon-in-Pulp (CIP) Golderzverarbeitungs-Kreislauf für oxidisches Material zu bauen.
Die Palta Dorada Liegenschaft umfasst etwa 2.250 Hektar im Bergbaubezirk Ancash. Die Entwicklungsarbeiten konzentrierten sich auf den Haupt San Juan-Erzgang, der eine Oberflächenausdehnung von mindestens 840 Metern aufweist. Gesteinsproben aus dem Gang zeigten einen hohen Gehalt an Gold, Silber und Kupfer. Das Unternehmen plant außerdem, ein detailliertes Explorationsprogramm zu starten, um weitere mineralisierte Strukturen zu lokalisieren und zu definieren.
- Acquisition of 100% ownership in Palta Dorada Gold-Silver-Copper property
- High-grade gold, silver, and copper mineralization in samples (up to 24.1 g Au/t, 865 g Ag/t, and 4.94% Cu)
- Potential for immediate cash flow by selling oxide gold material to local mills
- Plans to process sulphides at company-owned Aquila Norte flotation plant
- Consideration of building a CIP gold ore processing circuit for oxide material
- 92.15% gold recovery in metallurgical tests on oxide material
- Development delays since April 2023 due to El Niño flooding damage to access road
- Need for construction of a new access road to underground workings
Edmonton, Alberta--(Newsfile Corp. - October 7, 2024) - Peruvian Metals Corporation (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce that the Company has completed the purchase of the remaining
The consolidation of Palta Dorada provides the Company with a strategic advantage due to the unique high-grade gold-silver mineralization that occurs as both oxides and sulphides. Peruvian Metals'
The Palta Dorada Au-Ag-Cu property is in the Ancash mining department in northern Peru and covers an area of approximately 2,250 hectares. The Property is accessible from the Aguila Norte plant by approximately 120 km of mainly paved roadway. The development of the Property has been delayed since April 2023 due to extensive damage to the access road from El Niño flooding. The construction of a new access road to the underground workings will commence shortly and is a priority moving forward.
The development work by Peruvian Metals at Palta Dorada concentrated on the main San Juan vein which surface exposure shows at least an 840-metre strike length. Work to date includes a 160-meter access drift on the lower 895-metre level. The Company has also opened and widened a 53-metre shaft where artisanal miners had extracted hundreds of tonnes of highly mineralized ore that was sold to local toll mills.
Seven chip samples were taken at various depths in the shaft from a quartz vein containing sulphides. Previously reported assay results from these samples range from 3.06 g Au/t to 24.1 g Au/t , 36 g Ag/t to 865 g Ag/t and 0.31 % Cu to 4.94 % Cu over an average width of 0.60 metres. The weighted average of the assay results is 10.51 g Au/t, 329 g Ag/t and 1.74 % Cu.
The shaft clearly shows the transition from the oxide zone to the sulphide zone. Assay results from the oxide zone within the shaft range from 0.87 to 55.3 g Au/t. In 2022, 31 tonnes of oxide gold mineral were extracted in the shaft area, shipped, and sold to a local mill in Southern Peru. The mineral averaged 8.83 g Au/t with a
A second well-mineralized structure north of the main structure has had twelve samples taken from oxide material over a strike length of approximately 480 meters. All samples were strongly oxidized, and assay results ranged from 1.40 g Au/t to 17.3 g Au/t, 10.8 g Ag/t to 456 g Ag/t over widths of 0.20 to 0.80 meters. The weighted average of the results is 7.92 g Au/t and 102 g Ag/t. A mini-bulk sample was taken for metallurgical work from sacks containing oxide gold material. A bottle-roll metallurgical test was performed with a head grade of 13.0 g Au/t and 102 g Ag/t returned 92.15-per-cent gold and 65 percent silver recoveries over 36 hours.
"Peruvian Metals has demonstrated the ability to operate efficiently and effectively in Peru. With full ownership of Palta Dorada, the Company will focus on bulk extraction of both oxide and sulphide gold-silver and copper material. Sulphide material will be treated at our Aguila Norte Plant and oxide gold material will initially be sold to local toll mills. The Company will also start a detailed exploration program designed to locate and define additional mineralized structure. Our move at this time into the Peruvian gold space is ideal bolstered by the consolidation of Palta Dorada and strong precious metal prices," commented Jeffrey Reeder, C.E.O., and Director of the Company.
Qualified Person
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this release.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model is to provide clients with toll milling services and produce high-grade marketable sulphide concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level. The Company is also developing several precious and base metal properties in Peru.
ON BEHALF OF PERUVIAN METALS
CORP.
(Signed) Jeffrey Reeder
For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
Email: jeffrey.reeder@peruvianmetals.com
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Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca.While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions, and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
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FAQ
What is the new ownership percentage of Peruvian Metals in the Palta Dorada project?
Where is the Palta Dorada property located and what is its size?
What are the average grades of gold, silver, and copper in the samples from the San Juan vein at Palta Dorada?
What are Peruvian Metals' (DUVNF) plans for processing the oxide and sulphide materials from Palta Dorada?
