Nativo Resources plc has exposed “vein structures” from a 20-trench excavation programme at the Bonanza gold mine on its Tesoro gold concession in the Nazca-Ocona gold corridor, Arequipa, southern Peru.
ORE SHOOTS
Samples from channel sampling will be sent for assays, with results expected to help refine “longitudinal sections and mineralised shoot interpretation”.
Nativo said it was also preparing geological and longitudinal profiles as part of modelling work to define priority underground targets and to support underground works and mine planning.
The company continues to prepare the site for mining with further work on rehabilitation of access to the mine, completion of a topographic survey of the Bonanza shaft collar, access path and first underground platform.
Its workforce will increase from 20 to 40 people at the operations camp, for both the Bonanza and Morrocota mines.
Nativo is also progressing provision of accommodation, water, electricity generator and installation of a Starlink internet system.
Prospective mining candidates are visiting the site, ahead of Nativo making its selection.
The company added it aimed to resume small-scale mining, initially at Bonanza, by the end of the year.
At the 300-hectare Tesoro gold licence, Nativo has completed mapping and sampling as well as analysis of historical data, to verify that “multiple veins”, extend across the licence.
The “high potential” veins, previously identified as Zona Central and Zona Este, have surface grades on mapped veins of up to 10 g/t gold.
Nativo has identified five new sites with potential as ore shoots that could be suitable for small scale mining.