The Lourdes project is located in southern Peru and lies within the intersection of two major regional mine trends with neighbouring high sulfidation mining and exploration prospects. The property is approximately 400 kilometres southeast of Lima and is easily accessible by a paved, single-lane road originating in the town of Puquio, 155 kilometres east of the Pan American Highway. Lourdes contains 2,817 hectares of highly prospective property that has received very little prior exploration. Lourdes represents a significant underexplored land package in the highly mineralized region.
Pucara has completed ground geophysical surveys on the property and recent rock sampling at Lourdes has identified large areas of elevated gold (>0.1 g/t) with some internal zones containing greater than 1.0 g/t gold, accompanied by associated pathfinder metals.
The Lourdes property has many similarities with Peru’s well-known gold mines, including the deposits within the multi-million-ounce Yanacocha gold district. Pucara has identified a complex of nested diatremes, vent breccias, and breccia pipes at Lourdes that are similar in size and level of mineralization to some of the deposits at Yanacocha. These mineralized regions contain clear drill targets for further exploration.
Pucara plans to commence a drill program at Lourdes in 2020 with the goal of defining a resource.