PERU – If a single drill hole could make a mine, Vancouver-based NORTHERN PERU COPPER has hit the mother lode. It reports a single drill intersection that returned 0.72% Cu, 0.08 g/t Au and 0.018% Mo over 316 metres from Phase One drilling at its Galeno project in the Cajamarca department. Included within that intersection is a 107-metre section grading 1.02% Cu, 0.10 g/t Au and 0.017% Mo.
The Galeno property contains significant known copper mineralization. An independent NI 43-101 report prepared by AMEC PERU in 2003 stated that the property contains a historic inferred mineral resource of 486 million tonnes at 0.57% Cu and 0.14 g/t Au, at a cutoff grade of 0.4% Cu. The focus of Northern Peru’s drill program is to extend the known mineralization and upgrade it from an inferred category to measured and indicated categories.
Amec’s technical report is posted at www.NorthernPeru.com along with other information on the Galeno project.