Peruvian Metals Corp V.PER

Alternate Symbol(s): DUVNF

Metals & Mining Industrial Metals & Minerals

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.

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Peruvian Metals Corp

Bullboard Posts

Comment by 4funon Oct 17, 2007 12:05am

386 Views

Post# 13585044

RE: 4fun

In my opinion there are a number of reasons for today's sell off. First the price advanced too rapidly to be sustained. Secondly base metal prices were off today. But most importantly, the market appears to have been expecting or at least wanting better results than hole #4 not worse. It is the failure of hole five the meet market expectations that really caused the sell off. Although hole five is not great it does have copper from surface at reasonable grade down 218 meters and in fact adds to the overall tonnage. Remember the four holes before this all had much higher grades with good tonnage.

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