Charaque, Peru (Copper-Silver) 40% owned

Overview

The Charaque Project is located around 30km northeast of the Picha Project and is considered prospective for epithermal and porphyry-style polymetallic mineralisation. The Project comprises eight granted claims, covering 6,000 hectares in the Puno region.

The Charaque lies along a regional northwest-southeast geological trend which includes the Arasi and Jessica mines (owned by Aruntani SAC), the El Cofre polymetallic mine (owned by CIEMSA), the Austral – Challhuani Project and Ichuravi Project (owned by Barrick), Tres Marías Project (formerly owned by Candente Gold, now owned by Teck) and the Surichata Project (owned by Buenaventura), all of which host gold and silver occurrences.

The project is operated by Minera Barrick Peru S.A., a subsidiary of Barrick Gold Corporation, following an earn-in agreement completed in 2023, with exploration commencing on the project in the second half of 2023.