EV Resources to Acquire Highly Prospective Don Enrique Copper Project in Peru Highlights: § EV Resources enters into an in-principle agreement with the principle shareholder of Minera Montserrat S.A.C., a Peruvian company, in order to acquire the Don Enrique Project.
§ The Don Enrique Project consists of 4 licences covering 1,800Ha in an area 30km north east of Jauja and approximately 260km from the Nation’s capital, Lima.
§ Significant copper, gold and silver values returned from previous sampling of an underground exploration adit and from surface outcrop of over 1500m extentindicate considerable potential for the Project.
§ Underground rock chip values to 4.7% Cu, 1269ppm Ag and 0.33ppm Au. Underground continuous channel sampling across mineralisation returned a best zone of 12m at 1.56% Cu, 282ppm Ag, 0.06ppm Au. Surface samples 800m from the adit returned up to 4.8% Cu, 251ppm Ag and 0.15ppm Au. § Only 90m (adit) of the sulphide zone over a 1500m mapped extent of breccia has been sampled to date. Furthersampling, mapping and geophysics is required before drilling with the intention to apply for a licence under the PPM (Pequeno Productora Minera).
EVR Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
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