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Cerro de Pasco Resources Ongoing Assay Results at Quiulacocha Indicate Consistency at Depth and Laterally
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
About this update from Cerro De Pasco Resources, Inc.
[{"type":"text","content":" 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 177 assay samples from nine drill holes, equivalent to 15% of the current drill program, indicate an average silver grade of 1.72 ounces per tonne (oz/t) of silver (53.64 g/t Ag), 37% higher than the average of shallow auger samples reported by Brophy (2012) in the north and central sections of the TSF. Results indicate that the metal content is consistent at depth and laterally across 400 and 600 meters of the drilled area assayed to date (Figure 2). Gallium, a critical mineral used in high-performance microchips for advanced military technologies, is present with an average grade of 34.61 g/t in these 177 samples, reaching a maximum of 144 g/t, increasing towards the center of the TSF. Figure 1: 40-hole Quiulacocha Drill Program showing drillholes with completed assays CDPR's CEO, Guy Goulet commented: \"These results are highly encouraging and exceed our initial projections, particularly regarding silver continuity and grade. In addition to zinc, lead, silver, copper, and gold, the detection of elements like gallium and indium—critical for advanced 5G technologies, robotics, and nuclear medicine—presents the potential for valuable by-product metal credits in the planned concentrates. Representative composite samples will now undergo metallurgical testing to support further studies. These findings will inform our planning for an extended drilling campaign, set to commence in the second quarter of 2025, focusing on the remaining tailings.\" Assay Results Inspectorate Services Perú S.A.C., a Peruvian subsidiary of Bureau Veritas, released the assay results of 177 samples from nine drillholes, including the SPT04 drillhole released on October 15, distributed across the northern and central areas of the polymetallic tailings (Ag-Zn-Pb; Figure 1). These assays, equivalent to 15% of the current drilling program, show average grades of 1.72 oz/t Ag (53.64 g/t Ag), 1.56% Zn, and 0.77% Pb...