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Duran Ventures Inc.
Summary
| Project: | Panteria | |
|---|---|---|
| Deposit: | Panteria | |
| Location: | Peru | |
| Commodities: | Copper-Gold | |
| Date: | 4/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-4-2018: Duran Ventures Inc. announces an Exploration/Drilling Update report for its Panteria deposit at the Panteria project. JV with First Quantum Minerals - Drilling results incl. 125.8m @ 0.252% Cu, 0.283g/t Au from 320m. Toronto, Ontario- (Newsfile | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeffrey Reeder (Not stated) | |
| ABSTRACT: | Toronto, Ontario- (Newsfile Corp. - April 12, 2018) - Duran Ventures Inc. (TSXV: DRV) ("Duran" or the "Company") is pleased to announce drilling results from its 100-per cent-owned Panteria copper-gold project located 210 kilometres southeast of Lima in the Huancavelica department. Drilling was conducted by Minera Antares Peru SAC, a wholly owned subsidiary of First Quantum Minerals Ltd whereby First Quantum can earn up to an 80% interest in Panteria by completing certain milestones and payments outlined in the Company's news release dated March 15, 2016. First Quantum received all necessary permits in August, 2017 and drilled a total of 4160 metres in six holes finishing early 2018. The initial drill program focused on testing a conceptual buried-porphyry target over the main Panteria area. Results strongly reinforce the property's potential that a large copper-gold porphyry system is present within the project area and the core of the system has yet to be located. Four of the six widely spaced holes intersected copper-gold mineralization associated with strong phyllic alteration (quartz-sericite-pyrite) often overprinting an earlier potassic alteration (secondary biotite). Copper-gold mineralization associated with the typical porphyry style alteration intersected shows that there is at least a 1300 metre horizontal extent of the mineralization and alteration in the sub-surface and over a 770 metre vertical extent. | |
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