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Gold State Gives Update on Activities and Additional Ground Claimed Near the Panteria Copper-Gold Porphyry Project
(TheNewswire) Vancouver, British Columbia - TheNewswire - January 18,...
About this update from International Metals Mining Corp
[{"type":"text","content":"Gold State Gives Update on Activities and Additional Ground Claimed Near the Panteria Copper-Gold Porphyry Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia\n \n \n -\n \n \n TheNewswire -\n \n \n January 18, 2022\n \n \n -\n \n \n Gold State Resources Inc.\n \n \n (“\n \n \n Gold State\n \n \n ” or the\n“\n \n \n Company\n \n \n ”)\n \n \n (TSXV:\n \n \n GOST\n \n \n ) (\n \n \n OTC\n \n \n :\n \n \n CYNXF\n \n \n ) (\n \n \n FSE:\n \n \n C2YD\n \n \n )\n \n \n is pleased\n \n \n to provide\nan update to shareholders on the Company’s projects.\n \n \n \n \n Panteria Project – Peru\n \n \n \n \n As announced in the Company’s press release of\nNovember 23, 2021\n \n \n , the Company continues to\ncomplete its due diligence work on the Panteria Project.\n \n \n The project is located approximately 210 kilometres southeast\nof Lima, Peru, in the Huancavelica department and is considered highly\nprospective for both copper-gold (Cu-Au) porphyry style mineralization\nand high-level gold-silver (Au-Ag) epithermal mineralization.\nApproximately US $5 million has been spent to date on the project that\nhas several untested exploration targets.\n \n \n Panteria is\n \n \n comprised of several\nmineral concessions covering an area of 2,000 hectares and is believed\nto be situated in the northern extension of Peru’s Southern Coastal\nporphyry belt.\n \n \n \n \n Based on a positive due diligence, Gold State, together\nwith Peruvian Metals Corp.\n \n \n (TSXV: PER)\n(“\n \n \n Peruvian\nMetals\n \n \n ”)\n \n \n , has applied\nfor an additional three\n \n \n mineral concessions\ncovering an area of 700 hectares.\n \n \n T\n \n \n he Company has also signed an amendment to its binding letter\nof intent (“\n \n \n LOI\n \n \n ”) signed on November 22, 2021, with Peruvian Metals for\nthe acquisition of a 100% interest in the Panteria Cu-Au porphyry\nproject. The amendment extends the due diligence period for another 30\ndays. This extra time allows Gold State to properly address corporate\nmatters related to entering a new foreign jurisdiction during the time\nof an increase in COVID-19 cases and restrictions.\n \n \n \n \n Aspen Property – British Columbia,\nCanada\n \n \n \n \n The Company owns the Aspen Property through the...