The Picha Project (100% Valor) is a Copper-Silver exploration project, located in the Moquegua and Puno Departments of southern Peru. The Picha Project comprises thirteen granted mining concessions for a total of 9,800 hectares (98 km2), as well as an additional 10,200 hectares (102km2) staked and currently awaiting title as mining concessions. Picha is located approximately 17km ENE of Buenaventura’s San Gabriel Au-Cu-Ag Project, which reports an Indicated and Inferred resource of 7.6 million ounces Au equivalent (132.7Mt @ 1.8 g/t AuEq)*.
The Picha Project is considered highly prospective for at least four different styles of mineralisation:
* Sourced from “The discovery and resource development of the Canahuire gold-copper-silver deposit, Chucapuca Project, southern Peru” – NewGenGold 2011 Conference proceedings, case histories of discovery
Picha Project – surface copper mineralisation and IP anomaly
View looking northwest towards the Ichucollo target