|
Century Mining Peru’s Colina Dorada
Property is located in northern Peru. The project covers
a 60 km2 area located approximately 130 kilometers
northeast of the city of Piura in the District of Las
Lomas, and is situated in low foothills on the border
with Ecuador along the Rio Chirra. The region is very
dry, characterized by low scrub brush and cactus, and is
sparsely populated.
The Colina Dorada property is located
near Plexmar Resources’ Bolsa del Diablo property.
Plexmar has reported high values of gold (186.5 g/t),
silver (141 g/t), and copper (0.8%) from sampling in
veins, stockworks, and significant alteration zones.
Numerous itinerant miners – known as “informales” – are
working on the Colina Dorada property, with oxidized
gold ore being produced and hauled in bags to small
processing mills.
Dynasty Metals and Mining, working in
Ecuador north of the Colina Dorada property, has
delineated a previously unexplored Copper-Gold Belt in
Ecuador, which trends south west into the Colina Dorada
property. The Copper-Gold Belt is approximately 90 km
long, 20 km wide and trends through the Colina Dorada
property on strike with the well known Tambo Grande
deposits located south west of Colina Dorada. The Colina
Dorada property shares similar geology with Bolsa del
Diablo, consisting of epithermal veins and stockworks in
volcanic and minor sedimentary rocks of the Lancones
Formation. These rocks have been intruded by plugs and
stocks of granodiorite. Younger felsic dikes cut the
granodiorites.
A systematic exploration program
consisting of geological mapping, prospecting and
sampling over the property position will be carried out
at some time in the future. |