Peruvian Gold Ltd. PVO Message Board

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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Jon Warren who wrote (366)	11/13/1997 7:30:00 PM
From: Jon Warren	Read Replies (2) of 892

News Release, New porphyry copper target discovered Peruvian Gold Limited PVO Shares issued 14,204,966 Nov 13 close $0.82 Thu 13 Nov 97 News Release Mr David Henstridge reports The 3,200ha Tingo property, owned 100% by the company, is about 50km east of the city of Ica, west-central Peru and 55km northwest of the company's Lara porphyry copper property. Preliminary prospecting indicates that the target is an altered porphyry at least 1.5km long by 1km wide. The area of interest is covered with overburden to the north and may be open in that direction. The porphyry is pyritic throughout and copper oxides were seen locally. Ten of eleven random rock chip samples yielded values between 115 ppm copper and 802 ppm copper. These levels of copper and the nature of the alteration is suggestive of a leached cap in a porphyry copper system. A detailed mapping and rock chip sampling program is in progress which will be followed up by an induced polarization geophysical survey. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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