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

The Charaque Silver-Lead-Zinc Project 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.

Valor Exploration program 2022

  • Within the area of the new concessions there is evidence of historical mine workings, believed to date back to the Spanish colonial era, which extend over an area of at least 1km in length.
  • Mineralisation occurs as stratabound mineralisation (manto-type) with manganese oxides, sphalerite, galena and malachite.
  • Initial surface sampling from two target areas (Huallatani and Arco – areas of historical mine workings) has returned high-grade Ag and Pb assay results
    • Huallatani – channel samples up to 538g/t Ag and 19.5% Pb and dump samples up to 43g/t Ag and 7.7% Pb.
    • Arco – channel samples up to 929g/t Ag and 0.98% Cu
  • Work planned for 2022 includes geological mapping and geochemical surface sampling.