Mapping and sampling will be carried out at the Peruvian properties of Queenstake Resources (TSE).
The work is intended to define drill targets at the Chupaca and Olleros properties in an effort to define drill targets along what Queenstake believes is a mineralized trend that includes Arequipa Resources’ Paron and Pierina projects.
The area is characterized by fracturing, caused by faulting, which has prepared the ground for potentially mineral-bearing intrusive and hydrothermal solutions.
Reports of disseminated gold mineralization on Arequipa’s ground has propelled Queenstake’s stock to a high of $9.75, compared with a low of $1.50 last year.
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