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Cerro de Pasco Resources is Granted Additional Strategic Concessions Adjacent to its Santander Mine and Announces Warrant Extension
Cerro de Pasco Resources is Granted Additional Strategic Concessions Adjacent to its Santander Mi...
About this update from Cerro De Pasco Resources, Inc.
[{"type":"text","content":"\n \n \n \n Cerro de Pasco Resources is Granted Additional Strategic Concessions Adjacent to its Santander Mine and Announces Warrant Extension\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTRÉAL\n \n ,\n \n \n Jan. 18, 2023\n \n \n /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (Frankfurt: N8HP) (\"CDPR,\" or the \"Company\") is pleased to report that it has been granted by INGEMMET three additional mining concessions adjacent to its Santander Mine. The new concessions cover an additional 2,094.103 ha (\n \n Fig.1\n \n )\n \n \n \n \n \n \n \n \n \n The new concessions, along with Magistral and\n \n Santander Pipe\n \n deposit, form part of the fertile regional area of mineralization that hosts numerous distal Zn-Pb carbonate replacement deposits (Porphyry and Skarn Mineral Deposit Belt) (\n \n Fig.2\n \n ).\n \n \n The Company considers that the new areas offer significant exploration potential in view of walk over surveys already undertaken and structural interpretation of Sentinel-2 imagery for the Santander District. Moreover, the combined concession is strategically located within the district of rich concessions including Romina, Puagjanca, Alpamarca and Huaron (\n \n Fig.3\n \n and\n \n Fig. 4\n \n ).\n \n \n \n Guy Goulet\n \n , CEO of CDPR commented: \"\n \n We identified the opportunity to acquire these attractive concessions and view them as strategic for the further development of our Santander mining unit. To date the Company has identified 15 exploration targets and we are very positive about the new opportunities these new concessions bring up\n \n \".\n \n \n The Company plans to negotiate land usage agreements for the new areas during 2023 and will undertake a mapping and sampling program for the first phase of exploration.\n \n \n To view\n \n FIGURES 1 to 4\n \n , please\n \n click here\n \n \n \n \n \n Warrant Extension\n \n \n \n \n The Company proposes to amend the expiry date (the \"Extension\") of 4,283,277 outstanding share purchase warrants (the \"Warrants\") tha...