A 100% owned gold, silver and copper project in Northern Peru, positioned to supply internally sourced material to the Company’s Aguila Norte processing plant.
100%Owned by Peruvian Metals
~2,250 haAncash Department, Northern Peru
140 kmSoutheast of Aguila Norte by mainly paved roadway
89% AuFlotation recovery in sulphide material
75% AgFlotation recovery in updated sulphide testing
840 mStrike exposure on the San Juan vein
Location
Northern Peru, within trucking distance of the plant
Palta Dorada
Ancash Department, Northern Peru, 100% owned by Peruvian Metals
Distance to plant
Approximately 140 km southeast of the Aguila Norte processing plant
Access
Mainly paved roadway
Property size
Approximately 2,250 hectares
Sulphide pathway
Aguila Norte processing plant
Oxide pathway
Initial sale to local oxide toll mills
Map shows the Aguila Norte plant and the Company’s Palta Dorada, Mercedes and Minas Visca projects. Minas Yanayco is not shown. Property area is subject to confirmation against the Company’s continuous disclosure.
Project overview and snapshot
A precious metals project built around existing infrastructure
Palta Dorada is a 100% owned gold, silver and copper project in the Ancash Department of Northern Peru, located approximately 140 kilometres southeast of the Company’s Aguila Norte processing plant by mainly paved roadway.
The project is central to Peruvian Metals’ strategy of advancing internally sourced material that can be processed through its own facility. Sulphide material from Palta Dorada is expected to be shipped to Aguila Norte for processing, while oxide material can initially be sold to local toll mills capable of treating oxide gold material.
Palta Dorada at a glance
Ownership
100% Peruvian Metals
Commodity focus
Gold, silver, copper
Location
Ancash Department, Northern Peru
Property size
Approximately 2,250 hectares
Distance to Aguila Norte
Approximately 140 km by road, to the southeast, mainly paved
Main structure
San Juan vein
Known strike exposure
At least 840 metres
Development focus
Bulk material extraction from oxide and sulphide zones
Sulphide pathway
Aguila Norte processing plant
Oxide pathway
Initial sale to local oxide toll mills
Property area is subject to confirmation against the Company’s continuous disclosure.
Metallurgy
Recoveries confirmed in sulphide material
Independent metallurgical testing has confirmed gold and silver recoveries from sulphide material at Palta Dorada, supporting the Company’s strategy of processing sulphide material through Aguila Norte to produce a gold silver concentrate. Testing was carried out by Certmin S.A., an accredited laboratory in Lima, Peru.
Material
Head grade, recovery and method
Updated sulphide sample
11.10 g/t Au and 4.67 oz/t Ag. Recoveries of 89% Au and 75% Ag by flotation.
Previous sulphide sample
8.30 g/t Au and 3.39 oz/t Ag. Recoveries of 89% Au and 61% Ag by flotation.
Oxide, shaft area
35.1 g/t Au and 1.51 oz/t Ag. Recoveries of 82% Au and 58% Ag by agitated cyanide leach.
Oxide, second structure
13.0 g/t Au and 2.98 oz/t Ag. Recoveries of 92% Au and 65% Ag by agitated cyanide leach.
High grade sulphide material from Palta Dorada. Samples of this material are selective and are not necessarily representative of mineralization across the property.
Mineralization
High grade mineralization across the San Juan vein system
Development work has focused on the main San Juan vein, where surface exposure shows at least 840 metres of strike length. Work completed to date includes a 160 metre access drift on the lower 895 metre level and rehabilitation around a historic 53 metre deep shaft. The shaft exposes both oxide and sulphide mineralization and shows the transition between the two zones.
Previously reported chip samples taken at various depths in the shaft, from a quartz vein containing sulphides, returned the following:
Gold 3.06 g/t Au to 24.1 g/t Au
Silver 36 g/t Ag to 865 g/t Ag
Copper 0.31% Cu to 4.94% Cu
Weighted average 10.51 g/t Au, 329 g/t Ag and 1.74% Cu
Average sample width approximately 0.60 metres
Chip samples are selective by nature and are not necessarily representative of mineralization across the property.
Development
Advancing toward bulk material extraction
The Company is improving access to the property, upgrading camp conditions, and planning underground development designed to reach both oxide and sulphide material for bulk extraction. Initial work is expected to focus on expanding an existing access tunnel to reach oxide material above the oxide sulphide transition zone. A second access tunnel or crosscut is planned to intersect sulphide material from the main San Juan vein below the transition.
Access improve property access and upgrade camp infrastructure
Oxide expand existing underground access to oxide material
Sulphide drive a crosscut toward sulphide material below the transition
Processing sulphide material to Aguila Norte, oxide material to local toll mills
Gallery
Project images
Site activity at Palta Dorada, Ancash Department, Northern Peru.High grade sulphide material from Palta Dorada, shown with a hand lens for scale.The Aguila Norte processing plant, the intended processing destination for sulphide material from Palta Dorada.Access portal at the Palta Dorada project, Ancash Department, Northern Peru.Crew in an underground working at the Palta Dorada project.Crew at the 883 metre level on the San Juan vein, Palta Dorada.
Technical disclosureScientific and technical information relating to Palta Dorada has been reviewed and approved by Jeffrey Reeder, P.Geo., Chairman, CEO and Director of Peruvian Metals Corp., who is a Qualified Person as defined under National Instrument 43-101. The Company’s mineral properties are exploration and development stage projects. Historical results, grab samples, chip samples and metallurgical samples may not be representative of mineralization across the property. The project is not the subject of a mineral resource estimate. Readers should review the Company’s full technical disclosure and public filings on SEDAR+ for additional information. Information presented on this page is drawn from the Company’s public disclosure, which is available on SEDAR+.
