Exciting Developments at the Quiulacocha Tailings Project
Cerro de Pasco Resources Inc. (CNSX: CDPR.CN, TSX-V: CDPR.V, OTC Markets: GPPRF, Frankfurt: N8HP) is thrilled to share the results from its latest drilling campaign at the Quiulacocha Tailings Project. This extensive drilling effort involved 40 holes over a 300 by 1,000-meter area, confirming substantial high-grade intersections of several metals, including silver, zinc, lead, copper, and gold. Interestingly, the findings also highlight significant concentrations of gallium—a metal that has become increasingly important in today's technology-driven world.
Major Highlights from the Drilling Campaign
Consistent High-Grade Intersections
The assays from this drilling campaign demonstrate remarkable grade consistency across the drilled area, boosting confidence in the project's resource potential. Particularly in the southern region, concentrations of gallium, lead, copper, and gold exhibit an upward trend.
Gallium Discovery
Among the most exciting results is the discovery of gallium throughout the tailings, proving its viability as a valuable asset. An impressive 9% of the samples exceeded 100 g/t Ga, showcasing strong potential for advanced electronics and renewable energy applications.
Implications for Mineral Recovery
Potential by-products
The historical reports and current core observations indicate that pyrite makes up about 50% of the tailings, posing an exciting opportunity for valuable by-products. Ongoing mineralogical and metallurgical studies aim to validate metal recoveries and explore the potentials of gallium and pyrite.
CEO's Statement
CEO Guy Goulet expressed his satisfaction with the findings, noting that they confirm not only the high-grade nature of the Quiulacocha Tailings but also the promising gallium concentrations—a metal witnessing rising demand globally. He emphasized that the consistency in mineralization coupled with valuable by-products positions this venture as a crucial part of the company’s future.
Future Steps and Ongoing Work
Excited by these results, the company is advancing to the next stage of development:
Metallurgical Testing
CDPR is currently examining representative composite samples to discover the most effective recovery methods for the various metals identified.
Next Drilling Phase
To build on these extraordinary results, the company is planning an increased drilling campaign targeting untested areas outside the current assessment and known high-grade zones. This forthcoming phase promises to expand the economic viability of the project significantly.
Geophysical Studies and the Tailings Project
Geophysical Research
Earlier studies indicated depth readings from 20 to over 40 meters across the tailings area, including diverse measurement techniques. These readings provide useful insights into the geological structure and mineral positioning.
Environmental and Economic Impact
CDPR's commitment goes beyond mining endeavors; the company aims to rehabilitate the environment and promote local employment, benefitting the community while advancing its operations. The Quiulacocha project is a step toward achieving sustainable development within Peru's mining sector.
Contact Information
To learn more about Cerro de Pasco Resources Inc., please contact:
Guy Goulet, CEO
Telephone: +1-579-476-7000
Mobile: +1-514-294-7000
Email: ggoulet@pascoresources.com
Frequently Asked Questions
What is the main focus of the drilling campaign at Quiulacocha?
The drilling campaign aims to confirm high-grade mineralization and assess the economic viability of the tailings project.
What metals were significant in the recent assays?
Key metals include silver, zinc, lead, gallium, copper, and gold, with gallium emerging as a valuable asset due to rising global demand.
What are the next steps for Cerro de Pasco Resources?
The company plans to conduct further metallurgical testing and expand its drilling campaign to untested areas of the tailings project.
What environmental considerations does CDPR have?
CDPR is focused on environmental remediation and creating local employment opportunities while advancing its mining operations.
Who can I contact for more information about the company?
For additional details, please contact Guy Goulet at +1-579-476-7000 or via email at ggoulet@pascoresources.com.
