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Peruvian Metals Announces Record Production and First Sales of Mineral Concentrates and Oxide Gold Material
Edmonton, Alberta--(Newsfile Corp. - June 13, 2022) - Peruvian Metals Corp. (TSXV: PER) (OTC ...
About this update from Peruvian Metals Corp.
[{"type":"text","content":"Peruvian Metals Announces Record Production and First Sales of Mineral Concentrates and Oxide Gold MaterialEdmonton, Alberta--(Newsfile Corp. - June 13, 2022) - Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) (\"Peruvian Metals\" or the \"Company\") is pleased to provide an update on mineral processing at its 80% owned Aguila Norte Processing Plant (\"Aguila Norte\" or the \"Plant\") located in Northern Peru.During the months of April and May 2022, the Plant completed five mineral campaigns processing a total of 4,942 metric tonnes (mt) for a yearly cumulative total of 12,514 tonnes and set a new record. This year's total production level for the first five months exceeds 2021 (9,998 mt) by more than 25%. More importantly, the Company also achieved a significant milestone in May with the processing of purchased material. Processing during the month of May included a 313 mt batch of copper material purchased by the Company, grading 3.65 % Cu and 0.80 oz/t Ag. This resulted in the Company generating and delivering 58.82 mt of concentrate to Trading Partners Peru S.A.C. located in El Callao Lima Peru. Assaying by the trader returned results for the concentrate of 17.23 % Cu, 116 g/mt Ag and 3.56 g/mt Au. The Company will continue to purchase this copper material and expects to improve its recovery and overall grade of the concentrate. In addition, Peruvian Metals is pleased to announce it recently processed a 339 mt batch of polymetallic material, which was also purchased by the Company. Assaying by the Company returned an average head grade of 11.5 oz/t Ag, 2.79% Pb and 9.61% Zn. The processing generated two concentrates resulting in 23 mt of a Lead-Silver concentrate grading 127 oz/t Ag, 34% Pb and 14% Zn and a second Zinc concentrate grading 44% Zn and 11 oz/mt Ag. Both concentrates are expected to be shipped shortly to the El Callao Port facility as the Company negotiates with metals traders for their final sales. It is important to note that the final sale price for the concentrates will depend on assay results provided by the metal trader. The Company is currently purchasing additional material from the same miners and will process the material once an excess of 300 mt has been accumulated. The Company has also shipped and sold 31 mt of oxide gold material from it's 50% owned Palta Dorada Au-Ag-Cu property (\"Palta Dorada...