Peru climbs rapidly up the ranks of the world gold producers

Engineering and Mining Journal, Apr 2000 by Albareda, Guillermo

Felix. Located in Moquegua, this gold and silver prospect with polymetallic veins is a Southwestern Gold Corp. and Pan American Silver joint venture.

Azul. Located in the Pucallpa jungle, this gold prospect is a Gitennes Exploration and Navigator Exploration joint venture through their subsidiary, Minera Kori Playa. The Azul property covers an area of 21 K ha.

Lesbos. This Gitennes gold prospect, through its subsidiary Minera Kori Rumi, is located in Huancavelica, 2 km north of the Cofradia project. Exploration and sampling were initiated in May 1999.

Cofradia. This gold prospect is located in Huancavelica and is owned by Milpo and Minera Andina de Exploraciones, which was being explored by the company Pacific Rim Mining Corp.

Luicho. A 1,000-ha epithermal prospect with an estimated average grade of 2.06 g/mt Au, is located in Parinacochas, Ayacucho, which Pacific Rim Mining Corp. has been exploring.

Sapalaehe. This is a 14K-ha Au prospect located in the department of Piura and owned by Solitario Resources Corp. In late 1999, this company signed a letter of intent with AngloGold to carry out explorations therein. AngloGold is planning to invest $6M for access to 51 % of the property for a period of four years.

Alicia-Gabrielas. These gold prospects, located in Quiruvilca, La Libertad, cover 2,500 ha and are owned by Southern Peru Copper Corp.

Halley and Leoncocha. These gold prospects, located in Apurimac, are owned by Maracote International ResourcES.

Winicocha. This is a gold prospect located in Chumbivilcas, Cuzco, and was auctioned by the company Minero Peru. The contract was awarded to an individual, Marciano Aliaga.

Pallacocha. Located in Condesuyos, Arequipa, this is another gold prospect auctioned by Minero Peru. It was awarded to Minera Hecla.

Champune and Santa Clarita. These are gold prospects owned by Minera Erika, located in Condesuyos, Arequipa.

Cueva Blanca. This prospect, located in Cajamarca, is owned by Inca Pacific Resources, and shows potential signs of polymetallic veins.

Cementerio. This prospect is located in San Ignacio, and is owned by Acuarios Minera y Exploradora.

Huarangayoc. This prospect is located in Carhuaz, Huaraz, and is owned by Anglo American Corp. and Buenaventura.

Rio Palca. This gold prospect owned by Southwestern Gold Corp. and Minorco. Coripacha. This prospect is located in

Huancavelica and is owned by Newcrest Mining Corp.

Carcapata, located in Huaral-Lima, Rodeo in Recuay-Ancash, and Rio Colorado in Santiago de Chuco-La Libertad, are all prospects owned by Altai Resources.

Titan, located in Condesuyos, Corimayo in Corimayo, Pararapa in La Union, Inca in Andahuaylas, Quilrnana in Canete, Corianta in Otuzco, Estrella del Norte in Huari, Santo Domingo in Antabamba, Sureste in Arequipa, Satipo in Satipo, Angasmarca in Sanchez Carrion, and Rinconada in Piura, are prospects owned by the Grupo Hochschild.

Huayllura, located in La Union, Ontacota in Caylloma, and El Dorado in Condesuyos are SIMSA and Milpo joint ventures.

Jarhuarazo, El Tigre, Aucapampa, Paron, Puno, Colpayoc, Huilacollo, Panama, and Pedregal, among others, are some other prospects of geological interest.