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Esperanza Resources Commences Diamond Drilling at Pucarana Project

By Joel ScanlonApr 30 2011

Esperanza Resources has commenced drilling at the Pucarana project. The company has planned to drill 2,500 meters totaling 10 diamond-drill core holes.

The location of this project is in the Arequipa area of southern Peru, which is close to the Orcopampa gold-silver mining site. Esperanza has become the operator of the joint venture, which is with Estrella Gold. The Pucarana project includes two concessions having 1,889 hectares in total. The location of Pucarana is seven kilometers from the entrance of the underground Chipmo mine and 15 km from the Poracota mine that produces 360,000 oz of gold and 131,000 oz of silver annually during 2010. This project is a gold-rich arrangement having quartz veins and silicified bodies accompanied by modifications analogous to the gold identified near Chipmo mine. The layers and formations, which are analyzed during drilling is located towards northeast of Chipmo’s active underground workings.

Esperanza has an earn-in of 60% in the Pucarana project by paying US$1.3 million and mutual cash expense of up to US$80,000 in total.

Source:

http://www.epzresources.com/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, February 18). Esperanza Resources Commences Diamond Drilling at Pucarana Project. AZoMining. Retrieved on November 25, 2024 from https://www.azomining.com/News.aspx?newsID=4019.
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Scanlon, Joel. "Esperanza Resources Commences Diamond Drilling at Pucarana Project". AZoMining. 25 November 2024. <https://www.azomining.com/News.aspx?newsID=4019>.
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Scanlon, Joel. "Esperanza Resources Commences Diamond Drilling at Pucarana Project". AZoMining. https://www.azomining.com/News.aspx?newsID=4019. (accessed November 25, 2024).
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