Yanamina Gold Project (100%)
The Yanamina Gold Project, located in the Ancash Province in Central Peru, is an outcropping epithermal gold resource with existing resource of +265,000 ozs gold. The project provides significant exploration upside through potential depth and lateral extensions and a significant faulted extension target at depth with near-term production potential.
The Company has in place a USD $17m Streaming Agreement which will be specifically used for development funding of plant and machinery to produce gold and silver at Yanamina.
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Location and Infrastructure
The Yanamina Gold project consists of five mining concessions for 2.24 km2, located in the Department of Ancash, Northern Peru, District of Caraz and 16 km east of the village of Caraz.
The Project is located 40 km to the north and 120 km south respectively of Barrick Gold’s Pierina (210 MT @ at 1.1 g/t for 7.5 million ounces), and Alto Chicama/Lagunas Norte (227 MT @ 1.1 g/t for 8 million ounces) gold mines.
Vehicle access to Yanamina is via 448kms of paved highway from Lima, the capital of Peru, to Caraz and then from Caraz to Yanamina. The road to Yanamina is unsealed but suitable for 2-wheel drive vehicles.
Commercial airline access to Huaraz, 93km south of the property.