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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 Shoeon Jan 25, 2012 8:16pm
229 Views
Post# 19449783

Last attempt :)

Last attempt :)

This is same link I posted yesterday for folks to look at. This is the section that is of interest as it aligns the other information to the property ie/ corongo Santa rosa. Aquila was open pit and this clearly states Santa rosa as Underground. So its not the Aquila as Sticktofacts mentioned...

Anyway I wont take up anymore space with this..Stock needs some more News so House 1 Can unload some more..They must be the Jitney house of the hedge funds as they are on the sell side of every stock on the cdnx..

https://www.stocknetwork.com/pubco/business_focus/DRV:CA

Gold-Silver Exploration: Corongo Target

Name:
Corongo Target

Type:
Gold-Silver Exploration

Description:
The block of 3100 hectares that Duran Ventures holds to the northwest of Aguila are collectively called the Corongo Property. Corongo is underlain by strongly folded and faulted Jurassic and Cretaceous clastic sediments intruded by dioritic and monzonitic dykes and plugs, thought to be related to and roughly contemporaneous with the Aguila intrusive.

The five main targets identified to date are Descubridora, Santa Rosa, Santa Rosa East, Pucapampa, and the Breccia Zone Targets.

The Descubridora target is part of a northwest-southeast trending zone which is roughly 3 kilometers long by 500 metres wide which has seen historic gold-silver production. This zone extends to the Santa Rosa East target area, with very similar styles of mineralization. Quartz-sulfide veins and breccias run either northwest-southeast or as cross-structures oriented southwest-northeast. Workings often extend for hundreds of metres on each structure. Strong gold and silver values are often associated with anomalous copper, molybdenum, lead, zinc, arsenic, and antimony.

Santa Rosa was operated as an underground copper mine by the Compania Minera Tarica S.A. in the 1960's. Quartz-pyrite-chalcopyrite-galena-sphalerite-molybdenite veinlets and mantos were mined on several levels. In 1967 the Guggenheim Exploration Company reported significant intersections of copper mineralization in five diamond drill holes. Rio Tinto continued exploration on the property in 1998 as part of a joint-venture exploration program with MacMillan Gold Corporation. Rio Tinto completed a preliminary series of drill holes along across a widely spaced grid in search of a potential bulk tonnage mineralized system. The results included several encouraging gold intervals that appeared to be related to feeder vein structures. Rio Tinto did not do any follow up work.

Pucapampa is also a past producer of copper and molybdenum. Strong copper, molybdenum, gold, and silver values are associated with altered dioritic intrusive bodies.

The Breccia Zone targets are large structurally-controlled breccia bodies related to regional folding and faulting of the Cretaceous and Jurassic clastic sediments. In some locations they are strongly mineralized with sulfides, and have also returned significant gold and silver anomalies in surface sampling.

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