The Santas Gloria Silver Property is 100% owned by the Company. It comprises of three mineral concessions totalling 1,100 hectares and is located 55 kilometres directly east of Lima.
Underground channel sampling of accessible historical workings by Mantaro returned silver grades of up to >10,000 g/t Ag (ca. 320 oz/t Ag), up to >20% lead and up to 9.1 % zinc. Surface channel samples returned gold assays of up to 56 g/t.
To date 16 veins and major vein splays have been defined — with a cumulative strike extension of at least 12 kilometres. Ore was historically processed at site through a 30 t/day flotation plant.. The project has never been drill tested.
Mantaro have the option to acquire 100% of The San Jose Silver Property. It is comprised of five concessions totalling 3,300 hectares and located 180 kilometres directly north of Lima. Silver is the main target commodity. Historically an estimated 42,000 tonnes of material was extracted from the property between 2013 and 2018, with reported grades of between 15 to 20 ounces per tonne. Information derived from Pan American Silver Internal Report (2018), titled Reporte De Reconocimiento Geologico, “Proyecto – Mina San Jose, Cajatambo”.
Over 12 kilometres of veins have been identified that are up to 3 metres wide. Despite the underground workings, there has been very little exploration to date, and there has been no drill testing.
Cerro Luqua and Huaranay have historical grades of 10 to almost 40 oz/t Ag (310 to 1240 ppm Ag). Historical grades at La Purisma are cited as > 8 oz/t (240 ppm) Ag — but with gold grades of up to 2.5 g/t. Geocatmin (ingemmet.gob.pe) database.
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