LATIN AMERICA — Plata-Peru works Pachapaqui property

Plata-Peru Resources (PPU-A), which was formed by the recent merger of Socana Exploration and two private companies, is endeavoring to develop and operate a small base metal mine in Peru.

The Pachapaqui mine contains probable reserves of 606,418 tonnes grading 9.96 oz. silver, 5.65% lead, 6.7% zinc and 1.15% copper. The project has additional possible resources, as calculated by consulting engineer Glen Hogg, of 5.5 million tonnes.

The Toronto-based junior continues to mine and mill ore at a rate of 300 tonnes per day as permitted by the availability of hydroelectric power. Since the mill started up last April, power shortages have shut operations down for a total of 60 days. The situation is expected to improve when the rainy season begins, and the company is aiming to increase production to 500 tonnes per day by year-end.

Five shipments of lead and zinc concentrates totalling 1,000 tonnes have been delivered to buyers at the port of Callao. By the end of August, payments based on 80% of the value of four shipments, representing 800 tonnes (in- cluding advances), amounted to US$291,210.

Plata-Peru also is dewatering the lower portions of the mine to allow access to additional ore.

Print

Be the first to comment on "LATIN AMERICA — Plata-Peru works Pachapaqui property"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close