Positive: Cerro de Pasco Resources reports positive assay results at Quiulacocha Tailings Project in Peru.

From GlobeNewswire: 2025-01-07 07:40:00

Cerro de Pasco Resources Inc. reports positive assay results from the Quiulacocha Tailings Project in Central Peru. Drill holes intersected silver, zinc, lead, and gallium, with concentrations exceeding initial expectations. Gallium content, essential for electronics and energy tech, shows significant potential for project economics. Gallium grades in the South are nearly double those in the North, demonstrating a clear correlation with lead mineral galena.

The drilling campaign utilized percussion and sonic techniques to collect over 1,000 samples across 40 drill holes at the Quiulacocha tailings deposit. Samples were transported to the lab in freezer containers for analysis. The samples are currently undergoing geochemical and mineralogical testing, with plans for advanced metallurgical evaluations.

The samples are analyzed through multi-element ICP, Atomic Absorption, and Fire Assay methods to determine metal content. Bureau Veritas conducts sample preparation and testing, with CDPR implementing a QA/QC program to ensure accurate results. The company has completed Phase 1 of geophysical studies, measuring depths ranging from 20 to over 40 meters in various locations.

CDPR holds the right to explore and exploit the Quiulacocha Tailings, estimated to hold around 75 million tonnes of processed material. The tailings come from mining operations that extracted copper-silver-gold and zinc-lead-silver mineralization, with historical grades reaching up to 10% Cu, 4 g/t Au, and 300 g/t Ag. The project aims to provide economic benefits, environmental restoration, and employment opportunities for the local community.

Mr. Alfonso Palacio Castilla, a Qualified Person, reviewed the scientific and technical information presented. The El Metalurgista mining concession is a key asset for CDPR, focusing on reprocessing mining waste and creating opportunities in a circular economy. Forward-looking statements outline CDPR’s plans for drilling programs, resource reports, and business expansion. The company acknowledges the potential risks and uncertainties associated with these initiatives.



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