Commissioners Gold Limited (CGU) is pleased to announce that the Company and its JV partner have acquired the third gold project in southern Peru in a strategic move to introduce additional high grade ore through the Mollehuaca gold plant – currently being commissioned.
The latest acquisition is the Eladium mining concession located 35km east of the Mollehuaca gold plant (140km by road).
Eladium covers 973.75 hectares of highly prospective ground within the prolific Nazca-Ocoña geological belt which hosts a number of medium-sized, high-grade operating gold mines.
Eladium hosts bonanza gold mineralisation in a system of sub-parallel quartz-sulphide veins which contain visible gold and measured grades up to 454 grams per tonne gold (g/t Au)1.
In addition to high grade intrusion related gold deposits, the area is also prospective for gold-copper porphyry and iron oxide copper gold (IOCG) deposits.
The acquisition is the second for Commissioners Gold in the last week – the Company recently acquired the Saulito gold project, in the same gold belt as Eladium, 40km southeast of the Mollehuaca gold processing plant (100km by road).
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