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VM Holding S.A.
Summary
| Project: | Shalipayco | |
|---|---|---|
| Deposit: | Shalipayco | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 9/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-9-2017: VM Holding S.A. announces a PEA report for its Shalipayco deposit at the Shalipayco project. Study results incl. pre-tax NPV $59.6M (@95)and pre-tax IRR of 20% . Roscoe Postle Associates Inc. (RPA) was retained by VM Holding S.A. (VMH) to prep | |
| Resources: | (Resource): 6.29Mt @ 5.61% Zn, 0.43% Pb, 39g/t Ag (M+I), 16.9Mt @ 4.7% An, 0.47% Pb, 35g/t Ag (Inf) | |
| CP/QP: | [Resources]: 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 Shalipayco Project (the Project or the Property), located in the Junin Region, Peru. The purpose of this report is to prepare a Mineral Resource estimate and to disclose the results of a Preliminary Economic Assessment (PEA) of the Shalipayco Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Property on June 15 and 16, 2017. The Project consists of 50 granted concessions totalling 21,369.51 ha and two concession applications totalling 518.00 ha located in the Junin Region, approximately 170 km northeast of the capital of Lima and approximately 35 km southeast of the city of Cerro de Pasco. The centre of the Project is located at approximately 75°58’W Longitude and 10°07’S Latitude at elevations between 4,000 MASL to 4,800 MASL. The Property can be reached by vehicle from Cerro de Pasco by driving southwards along Route 3N (Longitudinal de la Sierra) to the town of Carhuamayo, then turning northeasterly along a secondary road. The Shalipayco deposit is open laterally and at depth. A significant example of proximal mineralization is demonstrated by drill hole SH-16, 700 m to the southeast of the current resource limits. A potentially economical 6 m intercept has been intersected at a depth of 163.8 m which returned 6.77% Zn, 0.69% Pb, and 76.3 g/t Ag. On a regional scale, there is surface evidence suggesting that mineralization goes beyond the current linear northwest-southeast trend towards the northwest and southeast limits of the Property. Approximately 11 km of potentially economic mineralization and 29 km of favourable stratigraphy have been identified during mapping and require further exploration. | |
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