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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
Comment by ceossson Apr 11, 2012 1:12pm
223 Views
Post# 19781143

RE: market not warm to deal!

RE: market not warm to deal!

Just for the record, I don't think Barrick "let it go and so cheap".  This is the property that Duran won at auction in early 2010 and according to the news release from May 25 2010, Barrick was a bidder for the property as well.  I can't see the map so I'm somewhat guessing here but I imagine the Barrick claims didn't make much sense without the Duran claim.  Barrick has received a royalty and some upside on this and Aguila by way of the shares. 

This actually looks like really good news to me.  We now have Ichuna, this property, and the other side of Penoles at Aguila, all 100% owned and ready to be explored.  Its not surprising the market doesn't react better given the way it reacted to an announcement of 2.5 billion pounds of copper.  We just have to be patient, there is a lot of potential here. 

Bullboard Posts