•   23rd March
 

There is an interesting dynamism in the actions of junior mining companies

 

At proEXPLO 2021, six companies reported on the status of their respective projects and what they expect to develop in the coming months.
 

The 12th International Congress of Prospectors and Explorers - proEXPLO 2021 - was the setting to learn more about mining exploration activities.

On the second day of the congress, the junior mining companies’ session took place and was moderated by Andrés Recalde and Sebastián Benavides, both members of the Organizing Committee of proEXPLO 2021.

The first company was Regulus Resources, which gave news about its Antakori project, located in Cajamarca.

"Antakori has good levels of high grade on surface. We have high expectations and expect to be able to update our results by the end of this year," said the mining company's CEO, John Black.

Patrick Elliott, president and CEO of Forte Copper Corp. said that the permits for its Esperanza, Pucarini and Don Gregorio projects are being processed and that the goal is to work to achieve their maximum value.

Element 29 Resources was the third junior to participate in this block and informed that they are working in 2 key projects in the national territory: Flor de Cobre (which is located in the copper belt area of southern Peru) and Elida (located in the same strip as the Antamina mine).

"At Flor de Cobre, two areas have been identified, Candelaria and Atravezado; and at Elida we have already identified the first project target. Also, we are now working on the permits for the 2 projects. Once we have them, we will move on to drilling and then engineering," said Brian Booth, President, CEO and Director of Element 29 Resources.

For his part, Bear Creek Mining Corporation CEO, Eric Caba, explained that Corani (in Puno) has the required permits for construction, in addition to having the support of communities in the area of influence.

"Corani is a silver-lead-zinc deposit and in terms of profit per metal and with current prices, silver comes to be almost 60% and the rest is divided between lead and zinc," Eric Caba pointed out.

Another project of interest to the market is Soledad owned by Chakana Copper and according to its president and CEO, David Kelley, since August there have been several breccia discoveries at Soledad that are quite mineralized; furthermore, the mineralogy at Soledad is predominantly copper and they have also seen a late gold event.

On the other hand, the block closed with a presentation by the CEO of Candente Copper Corp, Joanne Freeze, who explained that 3 porphyries have been identified at Cañariaco. The first one is Cañariaco Norte, which has a positive pre-feasibility; and the other two porphyries are Cañariaco Sur and Quebrada Verde, which would present interesting exploration potential.

"For this year, we hope to have the Preliminary Economic Assessment in Cañariaco Norte, which will allow us to have new numbers for the cash flow and we hope that by the end of the year we will be drilling in Cañariaco Sur and Quebrada Verde," said Joanne Freeze.

 
 
proEXPLO 2021: Mineral Resources for a Sustainable Future
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