Sulliden Exploration’s Mario property has been named Peru’s “mining prospect of the year” by a committee of 15 representatives of that country’s mining industry.
The Montreal-based junior has an option to acquire the 26-sq.-km polymetallic project from Teck Cominco. It is situated in the country’s central region, near Huancayo.
Mapping, geophysics and drilling by Teck Cominco led to the discovery of high-grade zinc-lead-silver massive sulphide mineralization. A highlight was drill hole 9, which intercepted 3.9 metres grading 9.5% zinc, 6.6% lead and 629 grams gold per tonne.
Last year, Sulliden completed a first phase of exploration that resulted in the discovery of the Punapuna zone, which is characterized by polymetallic, carbonate-replacement, massive-sulphide mineralization. The first hole drilled on this zone cut 8.7 metres grading 9.8% zinc, 2.75% lead and 379,1 grams gold.
A second phase of diamond drilling began in August 2001.
The awards committee includes representatives of the National Mining, Petroleum and Energy Corp., the Ministry of Energy and Mines and the Geological Society of Peru.
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