Cerro de Pasco Resources Unveils Encouraging Results
MONTREAL – Cerro de Pasco Resources Inc. (CNSX: CDPR) (OTC Markets: GPPRF) (Frankfurt: N8HP) is thrilled to announce the latest assay results from its Quiulacocha Tailings Project. The company has successfully drilled seven additional holes, highlighting the richness of the mineralization present in the tailings. This project, based in Central Peru, has shown promising potential for silver, zinc, lead, and gallium, with results that surpass initial projections.
Assay Highlights and Promise
The drill results from this campaign indicate a continuous presence of metal at significant depths:
Key Findings:
- SPT15: 19 meters of 73.09 grams per tonne silver, 2.10% zinc, and 0.90% lead.
- SPT16: 19 meters of 55.44 g/t silver, 1.64% zinc, and 0.70% lead.
- SPT17: 21 meters of 54.71 g/t silver, 1.50% zinc, and 0.70% lead.
- SPT18: 22 meters of 50.27 g/t silver, 1.31% zinc, and 0.65% lead.
- SPT34: 15 meters of 58.77 g/t silver, making it one of the more promising intersections.
- SPT37: 18 meters at 50.51 g/t silver.
- SPT38: 18 meters at 50.38 g/t silver, indicating a healthy and consistent production.
Guy Goulet, CEO, stated, "Today's drillhole results are highly encouraging, particularly in terms of silver continuity and grade. Alongside other metals like zinc, lead, and gallium, the consistent presence of gallium presents a significant economic advantage, especially in light of recent market changes affecting gallium availability.
Understanding the Tailings and the Project's Significance
The Quiulacocha Tailings Storage Facility encompasses approximately 115 hectares, believed to contain around 75 million tonnes of processed material, primarily from operations between the 1920s and 1990s. The facility is expected to yield valuable resources due to the historical mining, which saw copper and silver used at remarkable grades.
Environmental and Economic Implications
Cerro de Pasco's initiative is designed to not only revitalize processing operations but also restore the environment by reprocessing mining waste. This aligns with the company's strategy to contribute positively to local communities and create employment opportunities.
Future Steps and Development
Following these assays, CDPR is set to engage in extensive metallurgical testing. The company is partnering with experienced drilling contractors, utilizing advanced percussion and sonic drilling methods. This meticulous approach ensures accurate results and positions them well for the next phases of exploration and analysis.
Exploration of the Tailings
With exploration activities still ongoing, CDPR looks to continue extensive studies and sampling to further understand the full potential of the Quiulacocha Tailings. This includes laboratory testing of over a thousand samples processed through rigorous geochemical analysis, ensuring that nothing is left to chance in interpreting the results.
Quality Control Measures
The commitment to quality assurance is evident. All procedures, from sampling to transportation, are handled under strict conditions to maintain the integrity of the samples. Bureau Veritas oversees the sample preparation and analytical procedures, complemented by a robust quality control program that includes various testing anomalies.
Geophysical Insights
CDPR has also successfully wrapped up Phase 1 of its geophysical studies in the dry regions of the Quiulacocha tailings, revealing promising depths ranging from 20 to over 40 meters.
About Cerro de Pasco Resources
Cerro de Pasco Resources Inc. focuses on the El Metalurgista mining concession, which symbolizes a significant effort in reclaiming silver-rich tailings to generate sustainable economic growth. Their approach is not only to extract resources but also to ensure a sustainable environmental footprint.
Frequently Asked Questions
What are the main results from the latest assay report?
The assays reveal significant intersections of silver, zinc, and gallium, with results like 73.09 g/t silver over 19 meters from hole SPT15.
What does this mean for Cerro de Pasco Resources?
These results are promising, suggesting strong continuity of valuable metals at the tailings, which may enhance the overall project economics.
How does CDPR ensure quality control in sampling?
CDPR employs strict QA/QC protocols overseen by Bureau Veritas, ensuring all sampling and testing maintain high integrity standards.
What is the significance of gallium in the current market?
Gallium has become increasingly valuable, particularly due to market shifts affecting supply, making CDPR's findings particularly timely and economically advantageous.
What are the future plans for the Quiulacocha project?
CDPR plans to conduct extensive metallurgical tests and continue exploration to fully assess the tailings' potential while ensuring community engagement and environmental stewardship.
