Cerro de Pasco Resources Inc. Completes Successful Drill Program at Quiulacocha Tailings Project
Date: Dec. 03, 2024
MONTRÉAL, Dec. 03, 2024 (GLOBE NEWSWIRE) —
Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) is pleased to report that the 40-hole drill program at its Quiulacocha Tailings Project (“TSF Project”) in Central Peru has been successfully completed, providing more than 1,000 samples of which 177 have been assayed to date, including the SPT04 drillhole released on October 15.
Key Highlights of the drill program include 177 assay samples from nine drill holes, indicating an average silver grade of 1.72 ounces per tonne (oz/t) of silver (53.64 g/t Ag). This is 37% higher than the average of shallow auger samples reported by Brophy in 2012 in the north and central sections of the TSF.
The results of the drill program are promising and suggest the potential for significant silver resources at the Quiulacocha Tailings Project. The Company is excited about the future prospects of the project and will continue to evaluate the data to determine the next steps.
Overall, the successful completion of the drill program represents a significant milestone for Cerro de Pasco Resources Inc. and highlights the Company’s commitment to advancing its projects in Peru.
How will this development affect me?
The positive results of the drill program at the Quiulacocha Tailings Project could potentially have a positive impact on investors and shareholders of Cerro de Pasco Resources Inc. If the project continues to show promising results, it may lead to an increase in the value of the Company’s stock, providing potential financial benefits for investors.
How will this development affect the world?
The successful completion of the drill program at the Quiulacocha Tailings Project could have broader implications for the mining industry and the global economy. The discovery of significant silver resources in Central Peru could contribute to the world’s silver supply, potentially affecting the global market and supply chain for silver-based products.
Conclusion
In conclusion, the completion of the drill program at the Quiulacocha Tailings Project is a significant achievement for Cerro de Pasco Resources Inc. The positive results obtained from the assay samples are promising and may lead to further exploration and development of the project. The Company is optimistic about the future potential of the project and is committed to maximizing value for its stakeholders.
