The Crucero project is located 150 km northeast of the city of Juliaca in the Department of Puno, in southeastern Peru. Historic exploration programs (1996 to 2012) have focused on the A1 deposit, however geophysical and geochemical surveys have identified 10 additional targets (A2 to A11). The A1 deposit, as currently defined by trenching and drilling, strikes northwest and dips vertically to steeply to the northeast. The deposit is approximately 750 m long by 100 m in width and has been traced to a vertical depth of 400 m, but most of the drilling is confined to within 250 m of surface. The orogenic gold mineralization is associated with sulphide veins hosted within strongly deformed metasedimentary rocks.
Infrastructure: Paved highway from Juliaca to the town of Crucero with the remaining 50 km to site by gravel road, water, nearby electrical power
Property Size: 4,600 Ha
Deposit Type: Orogenic
- Indicated: 30.9 Mt grading 1.01 g/t gold (1.00 Moz) at 0.4 g/t gold cut-off
- Inferred: 31.2 Mt grading 1.03 g/t gold (1.03 Moz) 0.4 g/t gold cut-off
*The above resource estimate is historical in nature and will not be treated as a current resource estimate by the Company as a qualified person has not done sufficient work on behalf of the Company to classify the historical estimate as a current mineral resource. However, the Company believes the historical estimate is relevant to any future exploration and as an indication of the potential of the property. The historical resource estimate for the Project is based on a technical report completed for Lupaka by Gregory Z. Mosher, M.Sc., P.Geo. of Tetra Tech WEI Inc. and Anoush Ebrahimi, P.Eng. of SRK Consulting (Canada) Inc. titled "Technical Report for the Crucero Property, Carabaya Province, Peru" with an effective date of January 17, 2013 (amended and re-stated October 22, 2013). No new drilling or sampling has been completed on the A1 deposit since the above resource estimate was completed. GoldMining intends to engage an independent qualified person to, among other things, examine the cut-off grade with reference to today's metal prices, verify historic sampling and results and complete a technical report, including a current resource estimate on behalf of the Company.
Drilling: 72 holes (~23,000 m)
Technical Report: Technical report including a resource estimate is currently being prepared by an independent qualified person
Images: Crucero Images