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Tartisan Resources Corp. Signs a Letter of Intent for the Purchase of the Ichuna Copper-Silver Property in Peru
Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”)Tartisan Resources Corp. (“Tartisan” or the “Company”) is pleased
About this update from Tartisan Nickel Corp.
[{"type":"text","content":"Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”)Tartisan Resources Corp. (“Tartisan” or the “Company”) is pleased to announce that the Company has signed a letter of intent (“LOI”) with Duran Ventures Inc. (V-DRV) for the purchase of the Ichuña Copper-Silver property (“Ichuña” or the “Project”) in Peru. Tartisan recently entered into an LOI with Duran regarding the purchase of the Don Pancho property (see Company’s new release dated February 22, 2017). Tartisan has entered into an agreement with Duran to acquire 100% of the Ichuña Copper-Silver property in Peru located in the department of Moquegua, 825 kilometres southwest of Lima, comprising one concession of 1000 hectares. More specifically, the Ichuña property is located 120 kilometres northeast of Arequipa and is contiguous to the San Gabriel Project, previously called the Chucapaca Project, a gold-silver discovery announced in 2010 through a joint venture with Goldfields Ltd. and Compañia de Minas Buenaventura (“Buenaventura”). An initial resource of 83.7 MT, 1.9 g/t Au, 8.2 g/t Ag and 0.09% Cu for an 5.6 million equivalent Au ounces was published in May 2010*. *(https://www.goldfields.co.za/med_news_article.php?articleID=592) In August 2014, Buenaventura announced the purchase of Goldfield's 51-per-cent interest in the San Gabriel Project for $81-million (U.S.) and a 1.5% net smelter royalty (“NSR”) on all metal sales. Currently Buenaventura is proposing an underground mine at the project, specifically on the Canahuire gold zone, located approximately three kilometres to the south of the Ichuña project. Duran acquired the 1000 hectare Ichuña concession in 2006 before the discovery at San Gabriel. Extensive high grade surface Cu-Ag mineralization was initially observed by Duran’s geologists and was later followed up by a property wide geophysical survey in 2010. The work identified a large IP geophysical anomaly trending northwest-southeast measuring over 1,500 metres in length. It is important to note that the discovery of the Canahuire zone was a blind target with a strong geophysical response. Economic mineralization in the Canahuire zone does not outcrop at surface and follows a recessive area. The geophysical anomaly on Ichuña has similar characteristics to the Canahuire zone. Duran optioned the property to a third party ...