Exciting Developments in Cerro de Pasco Resources’ Drill Program
MONTRÉAL, Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP) is thrilled to share significant updates from its recently concluded drilling campaign at the Quiulacocha Tailings Project in Central Peru. The initiative, comprising 40 drill holes, has successfully yielded over 1,000 samples, 177 of which have undergone assay testing. These profound insights into the mineral content underline a consistent and commercially viable resource.
Key Highlights of the Assay Results
The assay results reveal several noteworthy statistics from the first nine drill holes:
- 177 samples analyzed showcase an average silver grade of 1.72 ounces per tonne (oz/t) or 53.64 g/t Ag, representing a 37% increase from preceding shallow auger samples.
- Metal content consistency has been observed both at depth and laterally across the assayed segments of 400 and 600 meters.
- Remarkably, gallium has also been detected within these samples, averaging 34.61 g/t, peaking at 144 g/t, explicitly highlighting the tailings' potential for tech and defense industries.
Comments from the CEO
Guy Goulet, CEO of Cerro de Pasco Resources, expressed his enthusiasm regarding the findings. He stated, "These results are not only promising but also exceed our forecasts concerning the continuity and quality of silver deposits. The presence of essential elements like gallium and indium opens avenues for additional revenue streams through by-products in our concentrates.”
Next Steps Following the Drill Program
In the next phase, representative composite samples will undergo metallurgical testing to facilitate advanced geological studies and shape future drilling strategies. The anticipated follow-up drilling campaign is slated for the second quarter of the upcoming year.
Comprehensive Overview of the Quiulacocha Tailings Project
Cerro de Pasco Resources holds the exclusive rights to the “El Metalurgista” concession, encompassing the Quiulacocha Tailings. This site spans approximately 115 hectares and harbors an estimated 75 million tonnes of processed material, accumulated over decades of mining operations commencing in the 1920s.
The tailings originate from the extraction of over 16 million tonnes of copper-silver-gold mineralization, yielding historical grades of up to 10% Cu, 4 g/t Au, and over 300 g/t Ag, alongside the recovery of more than 58 million tonnes of mineralized zinc-lead-silver material with an average historical grade of 7.41% Zn, 2.77% Pb, and 90.33 g/t Ag.
Sustainability Focus
Diving deeper into the social and economic impacts, the Quiulacocha Project not only has the potential to generate additional economic benefits but also aims to create job opportunities and facilitates environmental restoration, aligning with community welfare.
Quality Control Measures
Cerro de Pasco Resources emphasizes strict quality assurance and control through its partnership with Bureau Veritas, ensuring comprehensive testing processes are in place to maintain the integrity of the data obtained.
Additional Information and Future Prospects
Experts anticipate that the findings from the metallurgical tests, coupled with the robust drilling results, will further enhance Cerro de Pasco Resources' position as a leader in sustainable resource extraction and contribute significantly to the regional economy.
Frequently Asked Questions
What are the main highlights from the assay results?
The key highlights include an average silver grade of 1.72 oz/t with significant gallium discoveries, revealing strong mineral consistency.
When is the next drilling campaign scheduled?
The extended drilling campaign is planned to commence in the second quarter of the following year.
How will the findings impact the local community?
The project is expected to generate additional job opportunities and contribute to environmental restoration efforts in the area.
What are the significant elements detected in the drilling samples?
Essential elements include silver, zinc, lead, gallium, and indium, pointing towards a valuable mix of resources.
Who can I contact for more information about the company?
For further inquiries, you can reach out to Guy Goulet, CEO, via telephone at +1-579-476-7000 or mobile at +1-514-294-7000.
