Arequipa Resources (TSE) has identified several gold prospects along an 80-km-long, structurally controlled belt of rocks in northern Peru.
The Vancouver-based junior is following up the discoveries with mapping, sampling and trenching, particularly on the 4,000-hectare Pierina property, where 97 surface samples averaged 1.59 grams gold per tonne. These samples included values of up to 8.3 grams gold and 242 grams silver.
Arequipa’s holdings comprise more than 67,000 hectares in the Cordillera Blanca and Negra districts. Its attention is focused on the Ancash fault, a north-south-trending zone that cuts the western boundary of the Cordillera Blanca batholith and brings Tertiary-age volcanic rocks into contact with Mesozoic sediments. A series of younger, porphyry intrusions occur at the intersections of major, east-west faults. Also occurring in this region are Arequipa’s Paron gold deposit and the California IV prospect.
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