Lara Porphyry Copper Prospect Geophysics Completed - Drill Targets Defined
Mr. David Henstridge, President, Peruvian Gold Limited is pleased to announce that the second program of induced polarization (IP) on the Company's 100% owned Lara porphyry copper prospect, located in west-central Peru, has been completed. The IP survey has defined the limits of the porphyry and a reverse circulation drill program will be undertaken as soon as drill pads are constructed at appropriate target sites.
Historically, surface sampling of highly altered and veined intrusive rocks within the area covered by the IP survey gave results ranging from 57 ppm to 23,000 ppm copper. In general, results fell within the range 100 to 800 ppm copper. The anomalous copper, in association with the altered intrusive rocks, give the indication of a weathered porphyry copper deposit.
A total of 62 IP soundings were completed in both surveys, with lines spread in a radial pattern from the centre of the porphyry, with soundings at 200 metre intervals along lines. Using an anomalous chargeability value of 150% of background, or in this case, values of greater that 15 millivolts/volt, the zone of interest outlined over the Lara porphyry covers an area of six square kms. Within this large zone of interest, two prime drill target areas were defined having chargeability values in excess of 45 millivolts/volt and these areas are coincident with the anomalous copper values at surface. These two target areas are 1.2 kms by 1 km and 500 metres by 400 metres.
The Company remains extremely encouraged by these results and intends to commence drilling as soon as practicable.
Peruvian Gold Limited is a Canadian-based mineral resources company operating in Peru and Ecuador, South America and Canada.
On behalf of the Board of Directors
David Henstridge
President |
