Montreal-based
The road-accessible property is privately owned by a former president of Centromin, Peru’s largest mining company. It lies 60 km east of a large smelting and refining complex and is near three base metal producers.
The Caridad property hosts several sub-parallel and vertically dipping mineralized quartz veins, which are related to a centrally situated body of rhyolitic volcanic breccia.
The main vein was previously mined by way of adit. Records show that up to 400,000 tons were mined at an average recovered silver grade of 20 oz. per ton. Copper values ranged from 1% to 2%.
The property is believed to have potential for hosting additional resources in the main vein, in other nearby veins that have yet to be drill-tested, and in the volcanic breccia.
Gold Hawk can earn a 50% interest in the property, which is still subject to due diligence, by spending US$1 million on exploration and development over three
years. Staged payments totalling US$100,000 are also required.
Elsewhere in Peru, the junior is exploring a large silver-gold project. In Canada, it is exploring for gold in Quebec’s Urban and Barry twps.
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