- Anacortes Mining (XYZ) is releasing new results from its ongoing drill program at its Tres Cruces Gold Project
- The project is located in the Quiruvilca Mining District in northern Perú
- Its wholly-owned Peruvian subsidiary, Aurifera Tres Cruces received permitting approval on March 11, for an exploration drilling program at Tres Cruces
- An application to begin drilling activities, an authorization that includes a further review by the Peruvian Ministry of Energy and Mines has now been filed
- The company will provide further updates as it gets closer to the start of the drilling program
- Anacortes Mining is down 2.96 percent, trading at $1.31 at 11:22 a.m. ET
Anacortes Mining (XYZ) is releasing new results from its ongoing drill program at its Tres Cruces Gold Project.
The project is located in the Quiruvilca Mining District in northern Perú.
Its wholly-owned Peruvian subsidiary, Aurifera Tres Cruces received permitting approval on March 11, for an exploration drilling program at Tres Cruces.
The company expects to provide further updates as it gets closer to the start of the drilling program.
“While we are obviously disappointed by this slight delay, we are committed to working with the Peruvian regulators and following all applicable rules and regulations related to exploring and developing Tres Cruces. The gold is still there in the ground and awaits the arrival of the drills. We are looking forward to testing holes that Barrick drilled that ended in mineralization, particularly Hole RTC-255, where the bottom 173.0 m from 92.0 m to 265.0 m had a grade of 3.118 g/t Au,” said CEO Jim Currie.
Tres Cruces is one of the highest-grade oxide deposits globally.
Anacortes Mining is down 2.96 percent, trading at $1.31 at 11:22 a.m. ET.