Cerro de Pasco Resources Provides Initial Drilling Insights
MONTRÉAL — Cerro de Pasco Resources Inc. (CNSX: CDPR) (OTC Markets: GPPRF) (Frankfurt: N8HP) is thrilled to announce significant progress in its drilling program at the Quiulacocha Tailings Project. This 40-hole Phase 1 drilling initiative is approaching its completion, and early assay results are positively lighting the path forward for the Company.
Key Highlights from the Initial Drilling
Among the notable findings, drillhole SPT04 revealed an commendable intersection of 19 meters at 1.91 Oz/t (59g/t) Ag, along with 1.80% Zn, 0.77% Pb, and traces of Cu and Au. These results not only exceed previous shallow auger samples reported earlier—but they also show a remarkable 52% improvement in silver grades compared to past records. Furthermore, preliminary assessments suggest that copper-silver mineralization might be more prevalent in the southern zone of the deposit.
Details on Drillhole Findings
The assay results from the first completed drillhole, SPT04, were released by Inspectorate Services Perú S.A.C., a part of Bureau Veritas. Critical assays from this 19-meter drill hole include:
- Ag: 2.97 oz/t
- Zn: 0.34%
- Pb: 1.37%
- Cu: 0.02%
- Au: 0.08 g/t
These outputs provide the first robust indications of metal concentrations, revealing the continuity of valuable minerals at depth.
Upcoming Steps and Further Exploration
CDPR’s CEO, Guy Goulet, expressed enthusiasm over the initial results, emphasizing the importance of silver capabilities. He shared that the company plans to conduct metallurgical testing on selected composite samples to inform future drilling strategies. The second phase of drilling is projected to kick off in early 2025, focusing on untouched regions of the tailings.
Pioneering Understanding of Tailings
The Quiulacocha Tailings Storage Facility contains an impressive 75 million tonnes of metal-rich tailings, a remnant of significant mining activities that took place from the 1920s through to the 1990s. Originally, these tailings were produced from extracting over 16 million tonnes of mineralized copper-silver-gold, further extended by more than 58 million tonnes of zinc-lead-silver with remarkable historical grades.
Commitment to Responsible Mining and Community Engagement
Recognizing the potential for economic benefits, CDPR is also dedicated to environmental restoration and job creation within the local community. The Project stands at the forefront of Peru's mining initiatives, showcasing a commitment to sustainable practices while addressing community needs.
Quality Assurance in Operations
To ensure the utmost reliability in its findings, CDPR has implemented stringent quality assurance (QA) and quality control (QC) measures throughout its operations. The Company’s QA/QC program involves inserting control samples at every level of testing to guarantee integrity in results.
Emerging Technologies and Advancements
The Phase 1 drilling campaign employs advanced techniques including percussion and sonic drilling, adhering to best practices to yield accurate results. Collaboration with experienced entities ensures high-quality samples and methodical testing approaches will enhance findings going forward.
Final Thoughts on the Future of Cerro de Pasco Resources
Cerro de Pasco Resources Inc. is committed to becoming a leader in sustainable mining. The potential for lucrative by-product metal credits, coupled with responsible community engagement, positions CDPR as an influential player in the mining sector.
Frequently Asked Questions
What are the key results from the initial drilling phase?
The initial drilling phase revealed significant silver grades with promising levels of zinc and lead.
What is the next phase after the initial assay results?
Following these initial results, Phase 2 drilling is expected to commence in early 2025 across untested areas of the tailings.
What is the significance of the Quiulacocha Tailings?
The Quiulacocha Tailings host rich metal concentrations and represent a critical asset for Cerro de Pasco Resources.
How is Cerro de Pasco Resources ensuring quality in their results?
CDPR maintains rigorous QA/QC protocols, including duplicate samples and independent analyses to validate their findings.
What commitment does the company have towards community engagement?
CDPR is focused on responsible mining, environmental restoration, and creating job opportunities within the community.
