CSE:CDPR
The Technical Report entitled "
Magistral Deposits
Category | Tonnes | Zn | Pb | Ag |
Measured | 1,013 | 3.92 | 0.92 | 36.1 |
Indicated | 1,370 | 4.86 | 0.22 | 17.2 |
Measured + Indicated | 2,383 | 4.46 | 0.51 | 25.2 |
Inferred | 1,601 | 3.95 | 0.19 | 15.7 |
Santander Pipe Deposit
Category | Tonnes | Zn | Cu | Pb | Ag |
Indicated | 1,791 | 7.18 | 0.10 | 0.03 | 14.8 |
Inferred | 3,189 | 5.07 | 0.15 | 0.004 | 7.9 |
- All Mineral Resources have been estimated in accordance with the CIM Definition Standards. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Numbers may not add up due to rounding.
- This Technical Report is the current technical report in support of Mineral Resource Estimates for the Magistral and
Santander Pipe deposits of the Santander property. - The Santander Magistral Underground Mine Mineral Resource estimate is reported based on net smelter return cut-off grade of
$40 /tonne with metal prices of:US$3,000 /tonne for Zn,US$2,200 /tonne for Pb, andUS$25 /Oz for Ag. - For Magistral: NSR = (16.7 x %Zn) + (11.9 x %Pb) + (0.41 x g/tAg), assuming recoveries of 90% for Zn, 75% for Pb and 55% for Ag.
- The Santander Magistral Underground Mine Mineral Resource model has been prepared by the mine geology department. Qualified Person, Mr.
Graeme Lyall (FAusIMM), an independent Resource geology consultant, has restated the resource with adjustments and depletion with an effective date ofDecember 31, 2021 , - The Santander Pipe Underground Deposit Mineral Resource estimate is reported based on net smelter return cut-off grade of
$40 /tonne with metal prices ofUS$3,000 /tonne for Zn,US$2,200 /tonne for Pb,US$9,300 /tonne for Cu, andUS$25 /Oz for Ag. - The Santander Pipe Underground Deposit Mineral Resource model has been prepared by the exploration geology department. Qualified Person, Mr.
Graeme Lyall (FAusIMM), an independent Resource geology consultant, has restated the resource with adjustments with an effective date ofDecember 31, 2021 . - For
Santander Pipe : NSR = (17.5 x %Zn) + (11.1 x %Pb) + (40.8 x %Cu) + (0.37 x g/tAg), assuming recoveries of 90% for Zn, 70% for Pb, 60% for Cu and 50% for Ag.
Magistral Deposits
The current mineral resource figures for the Magistral Deposits, effective from
CDPR plans to drill approximately 16,200 metres in 2022 to increase geological knowledge and confidence in the Magistral deposit (
The current mineral resource figures for the
The company plans to proceed with a PEA on the
Geology & Exploration
Santander is located within the Miocene-Eocene metallogenic belt of central and northern Perú. It extends for at least 900 km along the Western Cordillera and adjacent Altiplano and is characterized by several hydrothermal mineral deposits of significant importance of different types that formed between about 6 million and 20 million years ago.
The Project consists of several exploration targets (Figure 1) most of which are located along the Magistral and Santander Trends. CDPR will be focusing its attention on undertaking further work on the Puajanca and Blanquita targets.
The Puajanca target is located approximately 3 kilometers NNW of the Santander Pipe and approximately 2 kilometers east-northeast of the Magistral area. Mineralization is strongly controlled by the axial plane of an anticline that also hosts the mineralization in the Santander Pipe. Puajanca is characterized mainly by several thin structures and sporadic replacement mantos, both with Pb-Ag-Zn-(Mo) mineralisation. The total outcrop reaches 300 m wide and 400 m long having the Jumasha limestones as a host rock. The Puajanca target has been partially drill tested by previous owners (27 boreholes, 7,803m). CDPR plan to update the Puajanca geological model and undertake further surface sampling and detailed mapping before updating the geological model and carrying out resource estimate.
Blanquita is a CRD target, located in the same Magistral structural corridor, 0.7 km SE of Magistral South and 0.5 km NW of Santander pipe. It has interesting IP geophysical anomalies and mapping indicating a pervasive jasperoid silica alteration area (470 m x 20 m) and As, Mn, Sb, Mo, Tl, Cs and Sr geochemical anomalies.
CDPR plans to drill a further 4 holes in this target during Q2-Q3 of 2022 to evaluate geological continuity.
Other interesting targets noted in the NI 43-101 include, Blato,
To view Figure 1: Santander Exploration Targets and known mineral deposits click here
Technical Information
The scientific and technical information contained in this news release has been reviewed and approved by Mr.
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About DRA AMERICAS
DRA AMERICAS
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as "plans", "seeks", "expects", "estimates", "intends", "anticipates", "believes", "could", "might", "likely" or variations of such words, or statements that certain actions, events or results "may", "will", "could", "would", "might", "will be taken", "occur", "be achieved" or other similar expressions. Forward-looking statements, including the expectations of CDPR's management regarding the completion of the Transaction as well as the business and the expansion and growth of CDPR's operations, are based on CDPR's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of CDPR to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Forward-looking statements are subject to business and economic factors and uncertainties and other factors, such as Covid-19, that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in CDPR's public documents, available on SEDAR at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although CDPR believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements and forward-looking information. Except where required by applicable law, CDPR disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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