Encouraging preliminary results from exploration of the Mont Dor leases in southern Peru have prompted Peruvian Gold to apply for a further 13,000 hectares in the area.
The company’s current lease area includes almost 40,000 hectares, comprising more than 30 sq. km of heavily leached and altered porphyritic andesites and tuffaceous breccias.
Previous exploration dating back to the 1960s concentrated on the alteration zone’s potential for porphyry copper.
Based on its preliminary property work, the company believes the Mont Dor system has all the hallmarks of an epithermal deposit and, as a result, samples will be assayed for gold.
Meanwhile, preliminary geological work continues on the company’s nearby Marcahui leases, with efforts concentrated on the Huallacha mine area which contains old Spanish workings.
Mapping has outlined a main zone of parallel, mineralized quartz veins over a strike length of at least 600 metres. Free gold is reported on surface, and detailed mapping, rock chip and channel sampling is continuing. Peruvian Gold has about 4.3 million shares outstanding and more than $2 million in working capital.
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