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Peruvian Metals Corp V.PER

Alternate Symbol(s):  DUVNF

Peruvian Metals Corp. is a Canadian exploration and mineral processing company. The Company is engaged in mineral processing and the exploration and development of mineral properties in Peru. It focuses on acquiring and developing precious and base metal properties in Peru. The Company's projects include Palta Dorada Au-Ag-Cu property, Minas Maria Norte property, Minas Vizca, and Minas Yanayco property. The Palta Dorada Au-Ag-Cu property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 2250 hectares. The Minas Maria Norte property is located in Southern Peru in the historic Huachocolpa Mining district, which covers an area of approximately 368 hectares and covers numerous previously exploited Au-Ag-Zn-Pb veins. The Minas Vizca covers an area of approximately 100 hectares. It also owns 50% interest in San Maurizo Mines Inc. (San Maurizo), which focuses on developing the Mercedes gold-silver lead-zinc-copper property.


TSXV:PER - Post by User

Bullboard Posts
Post by 4funon Apr 28, 2011 5:07pm
472 Views
Post# 18503167

The 4 month hold expired as a non event

The 4 month hold expired as a non eventIn addition, there were over 5 million warrants exercised, in which I participated, resulting in no changes in price. The high volume we witnessed were clearly some restricted shares which were sold short and delivered after the hold period expired.

Volume will probably remain low until after drilling begins and we are closer to assay results.
 
However, Canaccord may visit the property to observe drilling and write a report. If this report is released prior to drill results there maybe an increase in volume and SP. I would bet they would release the report before results so they would look good as the stock rises on good drill results. The first few holes will be located to ensure success and to add to drill data needed for the 43-101 resource report.
Bullboard Posts

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