aguila media

Peruvian Metal's Aguila Norte Processing Plant Achieves Record First Quarter 2021 Production

Peruvian Metals Corp. (TSXV: PER) (OTC: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update on mineral processing at its 80% owned Aguila Norte Processing Plant ("Aguila Norte" or the "Plant") located in Northern Peru.

During the first quarter of 2021 the Plant completed six mineral campaigns processing a total of 5,934 metric tonnes (mt). This year's first quarter production exceeded production levels in the first quarters of 2019 (2,103 mt) and 2020 (2,212 mt) by more than 168%. The Company is extremely pleased with the record first quarter production and the completion of the concentrate drying area expansion and now is able to accept more material for processing. The Plant continues to achieve exceptionally good concentrate ratios as 1,616 mt of concentrate were produced for clients resulting in a 3.67 : 1 ratio (mt of mineral processed to mt of concentrates produced). Due to the improving weather conditions and expanded drying capacity, the Company anticipates production levels will improve which translates to increasing revenue.

Jeffrey Reeder, CEO of Peruvian Metals, comments: "We are delighted to announce our best first quarter at Aguila Norte. Normally this is a time where Peruvian miners and explorers are affected by the rainy season with less mineral available. We are pleased that our Peruvian team completed the expansion plans while the Plant continued processing third party mineral. We fully expect that production levels will increase for the remainder of the year. We intend to process purchased mineral and mineral from our 50% owned Palta Dorada project."

The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Plant with the ability to expand operations past the current 100 tonnes per day level. Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation or approved the scientific and technical disclosure contained in this news release.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high-grade concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange : Symbol "PER"
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79603

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Harvest Gold (TSXV:HVG)

Harvest Gold Identifies 15 Primary And 10 Secondary Targets For Its Diamond Drill Program At Its Mosseau Project In Quebec

Harvest Gold Corporation (TSXV: HVG) (“Harvest Gold ” or the “Company ”) is pleased to announce the finalization of drill targets for its planned diamond drill program at the Company’s Mosseau Project, located in the Urban-Barry Greenstone Belt of Quebec (Figure 1).

Rick Mark, President and CEO of Harvest Gold, states: “Our geological team has done a tremendous job in compiling and collating the many datasets from the historic work of many companies in the northern area of Mosseau. They also built a new database for the central area with Harvest Gold’s 2024 air and ground programs data, captured using today’s technologies, layered over the data from historic work done sporadically. Drill permits are secured and a drill contract for a 5,000-metre program is signed. We are ready to drill.”

Keep reading...Show less
"M&A" written on puzzle pieces.

Western Australia Approves Aston Minerals and Torque Metals Merger

Aston Minerals (ASX:ASO) and Torque Metals (ASX:TOR)made a joint announcement on Tuesday (June 10) acknowledging that the Supreme Court of Western Australia has approved their proposed merger.

First announced in January, the deal will see Torque acquire all of Aston's fully paid ordinary shares.

Aston’s delisting from the ASX is underway, with trading suspended on May 29. The company applied for termination of official quotation and removal from the ASX on the day the merger got the green light.

Keep reading...Show less
WIA Gold

Drilling continues to return significant high-grade mineralisation

Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report further positive assay results for thirty-six (36) Reverse Circulation (RC) drillholes and nine (9) diamond drillholes (DD), totalling 9,349 metres, aiming to upgrade inferred resources and support resource growth at the 2.12Moz1 Kokoseb Gold Project (Kokoseb) in Namibia.

Keep reading...Show less
Walker Lane Resources President and CEO Kevin Brewer.

Walker Lane Resources Webinar Highlights Strategic Path to Discovery and Value

Walker Lane Resources (TSXV:WLR) outlined its strategy as a high-grade gold and silver explorer focused on Nevada and BC in a recent webinar hosted by the Investing News Network.

In his presentation, Walker Lane President and CEO Kevin Brewer emphasized the company’s goal of discovering and advancing quality assets, then monetizing them near their peak exploration value.

“You want to find deposits, and then you start to maximize them. You may start a PEA (and) you may complete that. But at most stages, the best thing to do is try to sell the project at that (PEA) stage, because that will be the peak value,” Brewer said.

Keep reading...Show less
GMV Minerals (TSXV:GMV)

GMV Minerals Inc. Extends Exclusive Option to Acquire Mexican Hat Mining Claims - Commissions Updated Preliminary Economic Assessment

GMV Minerals Inc. (the "Company" or "GMV") (TSXV:GMV)(OTCQB:GMVMF) announces that it has elected to extend its exclusive initial five (5) year option ("Option") to purchase certain unpatented mineral claims ("Claims") located in Arizona (the "Mexican Hat Property") for an additional three (3) years by making an additional Option extension payment of US$5,000 to Hernandez Trust.

GMV's wholly owned subsidiary acquired 100% of the Mining Property Lease ( "Mining Property Lease" or "Lease") of Norman A. Pearson in the Mexican Hat Property pursuant to the terms of a mining property lease assignment agreement dated as of May 14, 2014 among GMV, Norman A. Pearson and Manuel R. Hernandez. Subsequent to the passing of Mr. Hernandez in 2019, the Claims and Lease were transferred and assigned to the Hernandez Family Trust (the "Hernandez Trust"). The Hernandez Trust and GMV entered into an Option to Purchase Agreement in respect of the Claims dated December 14, 2020, pursuant to which the Hernandez Trust granted GMV's subsidiary the exclusive initial five (5) year Option over the Claims that are the subject of the Lease by making certain quarterly option payments to Hernandez Trust.

Keep reading...Show less

Latest Press Releases

Related News

×