Anacortes Mining Corp said its wholly-owned subsidiary Aurifera Tres Cruces SA has completed the required environmental application for drilling at its Tres Cruces gold project in northern Peru.
The company said the Ficha Technical Ambiental (FTA) would allow for the construction of up to 20 drill pads and covers the main area of oxide and sulphide mineralization at the property.
Approval of the FTA by the Ministry of Energy and Mines is expected to take 30 days. This will be followed by the submission of a permit application to begin exploration activities, with drilling expected to begin in April 2022.
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The Phase 1 drilling program is set to confirm previous drilling results, expand oxide resources at edges of known mineralization, test targets beyond areas of known mineralization, convert Indicated Oxide Resources to Measured Oxide Resources, and obtain representative samples of “fresh” oxide samples for metallurgical testing.
Anacortes CEO Jim Currie said the information obtained from the drilling campaign, along with the results of a Preliminary Economic Assessment expected in March 2022, would bring the company one step closer to developing one of Peru’s highest grade oxide gold deposits.
“We are also very excited to test and extend some of the previous holes that ended in high-grade mineralization, such as drill hole RTC-255 which assayed 228 metres at 2.95 grams per tonne gold,” Currie said.
Anacortes Mining is a new growth-oriented gold company in the Americas which owns a 100% interest in the Tres Cruces gold project located in Peru.
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