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VM Holding S.A.

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Summary

Project:

Pukaqaqa

Deposit:Pukaqaqa
Location:Peru
Commodities:Copper
Date:9/21/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:21-9-2017: VM Holding S.A. announces a Resource Estimation report for its Pukaqaqa deposit at the Pukaqaqa project. Mineral resource estimate for the project. Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prepare an independ
Resources:(Resource): 309Mt @ 0.41% Cu (M+I), 40.1Mt @ 0.34% Cu (Inf)
CP/QP:[Resources]: Katharine Masun, Jose Carsson (Roscoe Postle Associates Inc.)
ABSTRACT:Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prepare an independent Technical Report on the Pukaqaqa Copper Project (the Project or the Property), located in the Huancavelica Region, Peru. The purpose of this report is to disclose a Mineral Resource estimate for the Pukaqaqa Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Project on June 14 and 15, 2017. . In Peru, VMH owns a controlling interest in Lima Stock Exchange-listed Compañía Minera - Milpo S.A.A. (Milpo). Milpo currently operates the El Porvenir (Zn-Pb-Cu-Ag-Au), Cerro Lindo (Zn-Cu-Pb-Ag), and Atacocha (ZnCu-Pb-Au-Ag) underground mines in Peru. The development projects in Peru include Shalipayco, Magistral, Florida Canyon (JV with Solitario), Hilarión, and Pukaqaqa. It also operates one zinc smelter in Peru (Cajamarquilla). The Pukaqaqa Project consists of 34 concessions covering an area of approximately 11,125.87 ha located in southwestern Huancavelica Region, approximately 230 km southeast of the capital of Lima. The Property is accessible by road. The Pukaqaqa deposit is hosted within the thick carbonate marine sequences of the Pucara Group (Triassic-Jurassic), with the Jurassic Condorsinga Formation hosting the exoskarn. The copper-gold primary mineralization at Pukaqaqa is related to skarn development within a sub-volcanic intrusive and adjacent to an intrusive/carbonate contact (Gaby and Monica Breccias). The margins of the intrusive are sheared and brecciated and the exoskarn-endoskarn-intrusive system is dated at approximately 5.0 Ma to 7.3 Ma.

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