Paula/Petra/Peggy: Highlights
Target: Gold, Silver, Copper – Veins, Stockwork and Disseminated
Opportunity: Geo-chemical and Geo-physical testing of Gold and Copper Anomalies – Identification of drill targets
Background
The Andean mountains of Peru are home to some of the richest mineral deposits in the world. The Paula/Petra/Peggy projects are seeking to define the full extent of the vein and stockwork systems which attracted historic miners to attempt to mine veins visible at surface. These historic workings provide initial insights into the possible mineralization structure and potential.
Highlights
The interesting feature in this area is an elongate body of silica (quartz) trending roughly N-S, inside this intrusion zone. On the Northern extension of this body, in the shales, is a vein system consisting of a short (100 >) subvertical vein and a manto vein which have been mined out in the past (Susana claim); the ore have gold values above 5 grams. Associated with this intrusion zone is also a cluster of anomalous gold values in the vicinity of Huacaschuque town, just NW of it these anomalous values, which approach economic gold values are brought about by cm thick microveining, spaced every 10 – 20cm (not dissemination), in the shales, very close to the contact with the intrusive which in fact underlies the town. Many of these microveins are very low dipping (sub horizontal). The samples were collected from road cuts.
This initial phase of exploration is intended to define drilling targets.
Share Structure
Issued & Outstanding: 27,273,879
Treasury: $4,500,000
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