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Message: Comparable Property to Aguila in Peru

Comparable Property to Aguila in Peru

posted on Jul 30, 2009 12:13AM

I've been doing a lot of research trying to find the company(s) that own the adjacent concessions to DRV, to get an insight on the surrounding geology esp results from their data. However, I'm running into a bit of problem, I need UTM coordinates on the Aguila Pit to further my research. It's amazing what's availabe on the Peru websites, anyway I did find a very interesting property in Ancash pretty close to Aguila which is in final stages for developement. Worth taking a look; note the Cu grades compared to Aguila... candente.com

Cañariaco Copper-Gold Porphyry Project Deposit The Cañariaco Norte deposit has a potentially open pit mineable resource of (0.3% copper ("Cu") cut-off grade):

Measured: 237 million tonnes ("MT") grading 0.51% Cu containing 2.66 billion pounds ("lbs") Cu;

Indicated: 385 MT grading 0.45% Cu containing 3.80 billion lbs Cu;

Measured and Indicated: 622 MT grading 0.47% Cu containing 6.46 billion lbs Cu; and Inferred: 128 MT grading 0.43% Cu containing 1.21 billion lbs Cu. The limits to the deposit are still not defined and are believed to allow for an increase in tonnage for the total deposit at Cañariaco Norte as well as potential mineralization in two other nearby porphyry centres.

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