Strong Copper and Gold Grades in Addition to Silver and Gallium
Cerro de Pasco Resources (TSXV CDPR / Frankfurt N8HP) presents the final results of the first drilling program at the Quiulacocha Tailings Project in Peru. The analyses once again confirm high-grade silver, zinc, lead, and gold as well as significant copper grades and an increasing concentration of gallium – a critical metal for high-tech and renewable energies.
“Today’s drilling results are very promising,” said CEO Guy Goulet. “Silver and gallium are consistently present, averaging over 50 g/t for both metals. SPT1_4 and SPT1_5 in the south were particularly impressive, delivering an average of 86 g/t gallium. SPT1_4 showed 141 g/t in the first 8 meters and SPT1_5 115 g/t, indicating strong surface enrichment.”
As Mr. Goulet further explained, the company also encountered thicker copper-silver-gold layers in the central zone. The highest values in this Ag-Zn-Pb zone were 0.62% copper, 1.34 g/t Gold and 168 g/t silver. The CEO added that this suggests the copper-bearing material correlates with a later phase of the historical open pit mining from which the tailings originate, rather than with the southern high-grade copper zone. Cerro de Pasco Resources plans to investigate this with future drilling.
The highlights of the results presented today were:
SPT1_4: 25 m with 53 g/t Ag, 1.46% Zn, 1.22% Pb, 92 g/t Ga
SPT1_5: 25 m with 54 g/t Ag, 1.65% Zn, 1.23% Pb, 80 g/t Ga
SPT08: 33 m with 49 g/t Ag, 1.73% Zn, 0.66% Pb, 33 g/t Ga (incl. 17 m with 0.19% Cu, 0.69 g/t Au)
SPT09: 37 m with 57 g/t Ag, 1.53% Zn, 0.73% Pb, 38 g/t Ga (incl. 18 m with 0.24% Cu, 0.55 g/t Au)
SPT19: 28 m with 53 g/t Ag, 2.03% Zn, 0.95% Pb, 46 g/t Ga (incl. 6 m with 0.18% Cu, 0.30 g/t Au)
SPT20: 32 m with 52 g/t Ag, 1.49% Zn, 0.86% Pb, 44 g/t Ga (incl. 10 m with 0.20% Cu, 0.36 g/t Au)
SPT29: 22 m with 48 g/t Ag, 1.29% Zn, 0.79% Pb, 46 g/t Ga (incl. 3 m with 0.23% Cu, 0.36 g/t Au)
SPT30: 25 m with 46 g/t Ag, 1.27% Zn, 0.80% Pb, 48 g/t Ga (incl. 5 m with 0.17% Cu, 0.20 g/t Au)
The increasing occurrences of gallium are particularly interesting as they significantly enhance the economic potential of the project. Demand is growing, especially due to China’s export restrictions, which further underlines the strategic importance of the findings.
In any case, with these drillings, Cerro de Pasco has demonstrated a continuous extension of metal distribution into depth and over 1,000 m laterally. Additionally, iron contents indicate a constant pyrite presence, which is being examined as a potential by-product. Planned metallurgical tests will analyze the recovery potential.
We are eager to see the next steps. In a conversation with Goldinvest.de, Mr. Goulet had recently hinted that a pre-feasibility study is next on the agenda. We will keep you updated.
