Minera Gold
Minera Gold Limited (ASX:MIZ) is an Australian-listed international gold producer which is exploring and developing a portfolio of medium-sized gold projects in South America.
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Minera Gold identifies high grade prospects in Peru copper mine
Minera Gold's (ASX:MIZ) first pass exploration has identified high grade prospects at the historical Brasil Copper Mine within its Cobrepampa copper-gold-silver project in southern Peru.
More than 50% of the 28 channel samples returned to date within the existing development have returned grades greater than 5% copper, 2 grams per tonne gold and 7g/t silver.
The highest grades were found in the transitional mixed zone where supergene and hypogene mineralisation occurs, as well as in the transitional from the mixed zone to the hypogene zone.
Assays from hypogene zone have returned also values between 5.29% and 8.45% copper.
The target Brasil vein I has only been developed along a strike length of approximately 220 metres in Level 1.
However it is quite likely that the vein continues for another 200 metres or more to the northwest, since the shaft that is been sunk in neighbouring La Españolita Mine within the concession is following the same vein, and it is open at depth.
Analysis
The identification of high grade prospects at the historical Brasil Copper Mine supports Minera Gold's goal of mining its own ore for processing at the San Santiago plant in Peru.
Other Minera Gold news
- Minera Gold gets busy with production from San Santiago
2015-01-13 - Minera Gold banks funds to increase gold, copper production in Peru
2014-12-19 - Minera Gold raising $1.1M to maximise San Santiago copper and gold capacity
2014-12-04 - Minera Gold ramping up copper, gold production in Peru
2014-11-03 - Minera Gold completes acquisition of gold-copper plant in Peru
2014-09-19
