Anacortes Mining Corp announced that it has begun work on a Preliminary Economic Assessment (PEA) for its Tres Cruces project located in Peru’s prolific Quiruvilca Mining District.
The growth-oriented gold company said the project has had more than 73,000 metres of drilling in 371 holes from a number of programs, with the latest drilling completed in 2008 by Minera Barrick Misquichuilca SA.
“This is an important next-step for the project and will allow us to quantify the economics at Tres Cruces as a prelude to conducting a full Feasibility Study on the oxides later in 2022,” Anacortes Mining CEO Jim Currie said in a statement.
READ: Anacortes Mining acquires Tres Cruces surface rights and drill data as option agreements with MBM terminate
“Tres Cruces is one of the highest-grade gold oxide development projects globally and is surrounded by infrastructure such as roads, electricity, water, and a local skilled labor force,” Currie added.
As well, Anacortes reported that it is in the final stages of preparing a permit application to conduct a drilling program at Tres Cruces in early 2022.
It added that the program will provide further information to support the company's planned Feasibility Study at Tres Cruces as well as to test the deep sulphide potential suggested by a number of holes drilled by Barrick, which ended in high-grade mineralization.
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. Anacortes is well capitalized and intends initially to aggressively advance the oxide resource at Tres Cruces through feasibility and to production under a heap leach open-pit scenario, with the goal of creating the next mid-tier multi asset gold producer.
Contact Sean at sean@proactiveinvestors.com