Cerro de Pasco Resources Achieves TSXV Listing Approval Milestone
Cerro de Pasco Resources Achieves TSXV Listing Approval
Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP) is excited to share a significant advancement for the company, having received conditional approval for the listing of its common shares on the TSX Venture Exchange (TSXV). This achievement marks an important step in enhancing the accessibility and transparency of the corporation in global markets.
Milestone in Development
Guy Goulet, the CEO of Cerro de Pasco Resources, expressed his pride in reaching this notable milestone. "This listing is a reflection of our commitment to long-term value creation for our shareholders," he commented. With the impending transition to the TSXV, the company expects that trading will continue under the ticker symbol 'CDPR.' This transition will replace the current trading on the Canadian Securities Exchange (CSE).
Changes in Leadership
The corporation recently appointed Pyers Griffith as a new Director, bringing a wealth of experience in Equity Capital Markets and Corporate Finance Advisory. Since his start with the corporation in 2021 as Chief Strategy Officer, Mr. Griffith has a proven track record in investment banking and private equity.
His historical involvement in Latin American financial markets notably empowered significant investment movements in the 1990s. His strategic guidance will further strengthen Cerro de Pasco's initiatives as it moves forward with its projects.
Griffith's appointment follows the retirement of Eduardo Loret de Mola de Lavalle, with Executive Chairman Steven Zadka acknowledging Loret de Mola's valuable contributions to the board.
Focus on El Metalurgista Concession
The El Metalurgista mining concession, which spans 95.74 hectares, has emerged as a focal point for the corporation. This area includes 57 hectares associated with the Quiulacocha Tailings Storage Facility, housing mineral processing tailings from the historic Cerro de Pasco mine.
The facility occupies 114 hectares and is estimated to contain approximately 75 million tonnes of tailings. These resources present substantial opportunities for recovery and reprocessing, potentially increasing the corporation's mineral resource base.
In line with the 2021 Technical Report recommendations, the corporation is pursuing a phased program aimed at enhancing the understanding and classification of the project's geological potential. Following a successful drilling campaign completed in late 2024, results indicate promising grades in various minerals, which are essential for evaluating the project’s overall viability.
Drilling Program Progress
Phase 1 of the drilling program included 40 drillholes with depths varying from 14 to 49 meters, totaling 990 meters drilled. The ongoing analysis of these drillholes has provided preliminary positive assay results, with indications of valuable minerals such as silver, zinc, lead, gold, indium, and gallium.
Based on the encouraging outcomes of Phase 1, the corporation is seeking approval for a Phase 2 drilling program, which will extend the exploration area to assess additional resources. This program will continue to focus on the geological interpretation and mineral resource estimation while initiating metallurgical studies to improve extraction methodologies.
The progression and success of the drilling operations are pivotal for advancing the El Metalurgista project and solidifying Cerro de Pasco Resources' presence in the mining sector.
Looking Ahead
As the corporation transitions to the TSXV, it anticipates enhanced support for its strategic objectives. The company’s focus remains on reprocessing mining waste and contributing positively to the environment while exploring future resource opportunities.
In summary, with leadership changes, robust drilling programs, and listing advancements, Cerro de Pasco Resources Inc. is on a promising trajectory setting the stage for future successes. Shareholders and market participants are encouraged to remain attentive to these developments as they unfold.
Frequently Asked Questions
What does the TSXV listing mean for Cerro de Pasco Resources?
The TSXV listing enhances visibility and accessibility for investors, potentially increasing shareholder value.
Who is the new director appointed at Cerro de Pasco Resources?
Pyers Griffith has been appointed as a Director, bringing a wealth of experience in finance and investment.
What is the focus of the El Metalurgista concession?
The El Metalurgista concession focuses on recovering valuable minerals from historical mining tailings.
What results have come from the Phase 1 drilling program?
Phase 1 drilling results indicate promising grades of silver, zinc, and other valuable minerals.
What are the next steps for Cerro de Pasco Resources?
The corporation aims to initiate a Phase 2 drilling program and continue with geological and metallurgical evaluations.
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