Nativo Resources plc has published an inaugural JORC (2012)-compliant exploration target for the Bonanza, Tesoro, Tesoro_1 and Morrocota vein systems at its Tesoro gold concession in southern Peru.
POTENTIAL
Results include contained gold of approximately 6,686 – 195,434 ounces and tonnages between 79,051 to 316,200 t.
The Tesoro vein holds the highest amount of contained gold, of 6,415 to 165,824, and ore grade ranges of 4.89 – 31.6 grammes per tonne gold.
Superficial vein lengths of 6,200m are also included within the concession.
Nativo said that the exploration target was based on limited data and was conceptual in nature.
The figures additionally do not indicate economic viability and further exploration would not definitely result in a mineral resource estimate.
“The definition of this exploration target represents an important step in advancing our understanding of the high-grade vein systems across Tesoro,” said chief executive officer Stephen Birrell.
“The results highlight the significant upside potential across multiple veins, where strong grades support our belief in the project’s capacity to deliver meaningful gold production.
“The exploration target provides a clear framework for the next phase of systematic appraisal aimed at defining a JORC-compliant mineral resource estimate and unlocking value for shareholders through gold mining and processing in Peru.”