The Pucarana project, is a joint venture with Canadian Shield Resources, it is located in a productive gold-silver district in south-central Peru. It lies between the Chipmo (Buenaventura) and Poracota (Minera Teck) mines, which combined, produced 370,000 ounces of gold in 2009. This advantageous land position within a producing district places Esperanza in a unique position to make a new discovery.
Regional setting of the Pucarana JV in a belt of
producing mines.
Rock chip samples up to 2.9 g/t Au together with strong alteration and promising geologic structures point to favorable vein drill target on Cerro Talla-Talla. As of January 2010, competitor exploration drilling is within 1 km of the Pucarana concession border. We are currently applying for necessary permits to drill the Pucarana Project in 2010.
Satellite image showing Pucarana JV concession and
adjacent mines.
Nearby producing mines from underground reserves.
Cerro Talla-Talla drilling target area.
Esperanza has an option to earn a 60 percent interest in the property under an agreement with Canadian Shield Resources Inc. The Company must spend a total of US$ 1,350,000 and make a cash payment of US$50,000 over a four year period beginning from the receipt of necessary drill permits.