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Dia Bras Exploration Inc. announced its expanded 2012 exploration programme at the Yauricocha mine, Peru.
The exploration programme is designed to expand known deposits and discover additional deposits, most of which highlight the strong precious metals potential of the Yauricocha mine and surrounding area. This programme will consist of approximately 15,000 metres of drilling, and extensive exploration work including channel and surface sampling, drifting, mapping, metallurgical testing and other exploration activities. The estimated budget for Yauricocha’s 2012 exploration activities represents a 217% increase versus last year and is the largest exploration budget in the history of the mine. The Yauricocha property covers 18,685 hectares that straddle a 20-km strike length of the prolific Yauricocha fault, which is a major ore controlling structure in this area of western central Peru. Besides the exploration on the Company’s current producing mines, eight priority areas (described in more detail below) have been identified by the mine’s geological staff for expanded exploration, and are: 1) Purisima (gold-silver); 2) Adrico (gold); 3) Victoria (silver-copper); 4) San Juan (polymetallic); 5) Ipillo (silver-zinc); 6) Éxito Sur (polymetallic); 7) Yauricocha fault extension (polymetallic); and, 8) Carmencita (silver-lead). The target types include copper-silver veins; breccia-hosted gold; stratabound disseminated gold; lead-silver oxide; and, polymetallic veins, breccias, and replacement deposits. This will be a multitrack programme aimed at continuously replacing mined reserves and expanding reserves at this historic mine. It is important to mention that most of these areas have been previously mined by Centromin and Cerro Pasco Corporation and also have been in production in the past, leaving us with very valuable information. “We are very excited about the exploration potential within the Yauricocha property,” stated Daniel Tellechea, President & CEO of Dia Bras Exploration, “and we are planning to invest a significant amount of money to discover new deposits as well as expand our known deposits. This mine has been in production for almost a century and continues to be a highly profitable and well-run operation. Production has been expanded over the past several years and no limit to mineralization has been found at depth in its main ore bodies. We are now stepping out to unexplored areas that have similar geologic and structural settings as well as old historical mines and deposits, which we believe will substantially add reserves and resources to our current deposit in the near future.” More information, click here. |
