Silver Content and Continuity Also Exceed Forecasts

Just before the end of the year, Cerro de Pasco Resources (CSE CDPR / FRA N8HP) once again presents results from its Quiulacocha tailings project in central Peru. And the metal concentrations are once again impressive. Not only are the silver values still above the company’s expectations!

Cerro de Pasco was again able to demonstrate extremely high gallium concentrations in tailings. The price of this critical metal, which is used in military and commercial electronics, semiconductors, and computer and television screens, has more than doubled since China severely restricted its gallium exports to the US in early August. According to Fastmarkets, the most recent price was $595 per kilogram.

The highlights of today’s drilling, with length corresponding to drill core lengths from the surface:

• – Drill hole SPT15 intersected 19 meters (“m”) with 73.09 grams per tonne (“g/t”) silver (“Ag”), 2.10% zinc (“Zn”), 0.90% lead (“Pb”) and 27.30 g/t gallium (“Ga”).
  – Hole SPT16 intersected 19 m with 55.44 g/t Ag, 1.64% Zn, 0.70% Pb and 26.21 g/t Ga
  – Hole SPT17 intersected 21 m with 54.71 g/t Ag, 1.50% Zn, 0.70% Pb and 31.05 g/t Ga
  – Hole SPT18 intersected 22 m with 50.27 g/t Ag, 1.31% Zn, 0.65% Pb and 28.99 g/t Ga
  – Hole SPT34 intersected 15 m with 58.77 g/t Ag, 1.79% Zn, 0.70% Pb and 31.29 g/t Ga
  – Hole SPT37 intersected 18 m with 50.51 g/t Ag, 1.28% Zn, 0.89% Pb and 49.26 g/t Ga
  – Hole SPT38 intersected 18 m with 50.38 g/t Ag, 1.48% Zn, 0.96% Pb and 55.68 g/t Ga.

For better context: The average gallium concentrations in their source materials are rather low, ranging only between 10 and 150 mg (!) / kg depending on the raw material… (We recently reported on the topic of gallium https://goldinvest.de/galliumpreis-steigt-nach-chinesischen-exportbeschrankungen-weiter/)

Silver Content and Occurrence Also Exceed Forecasts

Furthermore, Cerro de Pasco’s CEO Guy Goulet emphasizes that the results overall exceeded expectations and forecasts – particularly regarding the continuity and also the grades of silver mineralization.

However, Mr. Goulet also explained that the consistent occurrence of gallium was not expected in this way and could potentially significantly increase the project’s economic viability. Representative composite samples will now be submitted for metallurgical examination to support future economic studies of Quiulacocha. The results of the studies will also support the next, extended drilling campaign, the Cerro de Pasco CEO continued.

In any case, the presented results, which are part of a 40-hole drilling program, showed that the metal content is continuous at depth and laterally over 400 meters of the drilled area.

The occurrence of iron is also interesting, according to the company, as it indicates the presence of pyrite throughout the deposit. Pyrite (about 50% of the tailings) could represent a valuable by-product for the project. The upcoming metallurgical test work program will therefore also assess the potential for pyrite recovery, including the estimated grade, by-products, and impurities.