Precore Gold Kicks Off Exploration at Arikepay Project
Precore Gold Corp. (CSE: PRCG) is excited to announce the launch of an exploration program at its flagship Arikepay Project. This initiative comes after a successful site visit to the location in Peru's renowned mining region. The team of senior geologists is eager to further investigate this area with strong copper-gold potential.
Program Goals and Planning
The Arikepay Project, known for its promising geological characteristics, is entering a new phase of exploration that aims to increase the understanding of its mineral resources. The recent site review allowed the pre-core team to locate historical drill sites and recover valuable drill core samples from both the 2017 and 2012 drilling campaigns. These samples exhibit encouraging results, highlighting the untapped potential of the project.
Steps Toward Exploration
To ensure successful exploration, Precore Gold has laid out a structured plan that includes several critical steps:
Enhancing environmental and community initiatives. As the project is situated in a well-established mining area, the company prioritizes social acceptance and environmental care. Precore is already working on obtaining necessary water use permits and will launch a community outreach program soon.
Updating the Certificate of Non-Existence Archaeological Remains (CIRA) to reflect the new drilling locations. This step is vital to ensure compliance as the project progresses.
Improving access to the project site by clearing the existing access road of any obstacles. This will facilitate easier transport for team members and contractors.
Conducting pre-drilling exploration activities such as high-resolution downhole imaging to gather insights on gold mineralization.
Implementing a geophysical survey to identify areas of high interest for drilling, particularly where sulfide concentrations correlate with gold deposits.
Community and Industry Insights
Paul A. Dumas, Executive Chairman of Precore Gold, recognizes the timely opportunity to develop the Arikepay Project, which is strategically located near significant operating mines. The recent approvals for nearby projects have sparked increased interest in the area, and Precore is optimistic about the company's prospects as exploration begins.
Exploration History and Significance
The Arikepay Project features a complex of mineralized intrusions linked to the Cretaceous porphyry belt. Historical drilling campaigns detailed impressive figures, such as intercepts showcasing notable copper, gold, and silver grades. With over 13,000 meters drilled across several holes, these findings form a compelling basis for future operations and warrant renewed exploratory efforts.
Promising Drill Results
Significant historical drill results reveal the area's potential for further discovery:
142 meters at 0.37% copper, 0.17 g/t gold, and 2.02 g/t silver from drill hole RC-012-ARI-006.
A notable intercept of 420 meters at 0.91 g/t gold and significant silver values from AK-DDH-02-17, indicating robust mineralization.
Various other intercepts have confirmed the project's ongoing potential, all contributing to the rationale for commencing the exploration program.
About Precore Gold Corp.
Precore Gold Corp. is dedicated to exploring opportunities in regions conducive to mining while adhering to strong environmental, social, and governance (ESG) standards. With its flagship properties in Peru and Quebec, Precore seeks to infuse renewed activity into previously explored areas that have not seen exploration work in years. The company's mission focuses on maximizing shareholder value by leveraging past drilling results and enhancing community and environmental strategies.
Frequently Asked Questions
What is the Arikepay Project?
The Arikepay Project is Precore Gold's flagship exploration initiative located in Peru, known for its strong mineral potential.
What steps is Precore Gold taking for exploration?
Precore Gold plans to advance environmental work, update archaeological certificates, improve access roads, and conduct geological surveys.
How significant are the historical drill results?
The historical drill results from Arikepay showcase impressive grades of copper and gold, supporting the decision to restart exploration.
Who oversees the exploration efforts?
The exploration program is led by a team of experienced geologists and technical experts dedicated to unlocking the property's potential.
How does Precore Gold prioritize community engagement?
Precore emphasizes environmental stewardship and community outreach as central to its development strategy, fostering positive relationships.
