Advancing Exploration in Central Peru
The Scorpius Project, located in Peru’s central region, has successfully completed its second exploration phase. This phase included surface mapping, geochemical rock sampling, and an induced polarization study designed to accurately define potential drilling zones.
The Canadian-owned company Sable Resources, which is collaborating on the project, shared promising initial interpretations. These findings indicate “a good correlation with high sulfidation alteration, gold anomalies, domes, and resistivity-chargeability anomalies.”
To expedite progress, Sable Resources has assembled a professional field team to complete the necessary groundwork, facilitating the drilling permit application process. Drilling is projected to commence in the first quarter of 2019.
Key Features of the Scorpius Project
Area Coverage: 400 hectares.
Historical Gold Values: Ranging from 0.1 to 7.7 grams per ton, based on 1-meter channel samples.
Currently, Sable Resources holds an option agreement to acquire 100% of the Scorpius mining concessions. This agreement entails a $1 million payment to Alpha Mining SAC, the project’s Peruvian junior owner.
Strategic Alignment
Sable Resources has stated that the acquisition aligns with its broader epithermal gold strategy, already successfully applied in Mexico and Argentina.