EV Resources (EVR) subsidiary Minera Montserrat has secured approval to proceed with its first diamond drilling programme at the Don Enrique copper-silver project in Peru.
With the receipt of the permit, EVR anticipates beginning the drilling programme later this month.
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Last year, EVR acquired a 50% stake in the project for $150,000. It also secured the option to acquire the remaining 50% stake by making a payment of $850,000 by 4 May 2024.
The project features four licences covering a total area of 1,800ha, and is located 21km north-east of Jauja and approximately 260km from Lima.
These licences are Don Enrique, Chaupiloma 2007, Chaupiloma 2008 and Cocoa Beach.
The project has access to water, power and all-weather roads.
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By GlobalDataThe exploration programme undertaken by the company on the project initially focused on sampling a 550m strike of hydrothermal breccia, from which samples of anomalous copper, silver and gold were collected and then sampled, within an old exploration cross-cut that was developed by a former explorer.
The results from this programme indicated a trend of increasing grade with depth and were seen as encouraging.
An induced polarisation (IP) survey running for 28.8 line-kilometres was undertaken on the property and the results indicated a large chargeability spread to the west that is in line with the mapping of the orebody.
This chargeability anomaly was found to be increasingly stronger and larger with depth from the 50m level down to the 500m level, which was the extent of the IP survey.
Meanwhile, Minera Montserrat signed a final and definitive land access agreement with the Quero community residing near the project.
Now, proposals are being evaluated by several drill contractors, and based on the availability of a rig and crew, the company plans to start drilling this month.
EVR has opened a core shed outside Lima, where the 10,170m of drill core from Parag will be shifted.
This core shed will serve as the hub for the core logging, sampling and management activity to be undertaken.
