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Apune-Pucarana Property ("Pucarana"): The 1,900-hectare Pucarana gold property is located in the Orcopampa gold mining district where the main player is Compania de Minas Buenaventura, Peru's largest, publicly traded precious metals company and a major holder of mining rights in Peru.
The Pucarana property is one and a half hour drive from the town of Orcopampa. Infrastructure is developed nearby with road access, high voltage transmission line and a local work force from two communities in the area.
The area has historically produced more metal value in silver than gold until the opening of Buenaventura's Chipmo Mine which produced 250,000 ounces of gold in 2007. Gold Grade at the Chipmo Mine averages 17 grams per tonne (g/t) with an 8 g/t gold operating cut-off grade from sub-vertical veins.
Mineralization on the Pucarana property crops out on surface as a series of parallel, northeast trending ribs parallel to a graben fault margin expressed by the adjacent drainage. Samples of these mineralized ribs have returned anomalous gold up to 0.44 g/t. Elsewhere on the property, talus samples have returned 1.1 & 2.9 g/t gold.
Two distinct targets are envisioned at Pucarana. High grade, structurally controlled feeders similar to the Chipmo deposit, and stratigraphically controlled, disseminated mineralization similar to certain zones at Buenaventura's Poracota Property 12 km to the northwest.
In March 2007, Esperanza Silver acquired the right to earn up to a 60% interest in the Pucarana Property. Target generation work leading to drilling is planned as follow up to anomalous surface samples with 0.395 to 2.9 g/t gold in the South East Zone, a new prospective area of 1x2 km.
Property Fact Sheet
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Maps
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