Cerro de Pasco Resources highlights gallium upside in latest Quiulacocha drill results
Published: 13:58 18 Dec 2024 GMT
Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) has reported promising assay results from another seven drill holes at its Quiulacocha silver-zinc-lead zone in Peru.
Highlights include significant intersections of silver, zinc, lead, and gallium, such as 19 meters of 73.09 grams per ton (g/t) silver, 2.10% zinc, 0.90% lead and 27.30 g/t gallium in one drill hole.
The findings confirm metal continuity across 400 meters of the deposit's northern section, CDPR said in a statement.
The result also revealed a consistent pyrite presence, which may serve as a valuable by-product.
Upcoming metallurgical tests will assess pyrite recovery potential.
Guy Goulet, CDPR CEO, said the results exceeded the company’s initial projections, specifically regarding silver continuity and grade.
“In addition to silver, zinc, lead, copper, and gold, the consistent presence of gallium exceeds expectations and provides a potentially significant upside to the project's economics,” Goulet said.
“With China’s recent move to ban exports of this rare metal to the US, gallium prices have soared, with its significance now emerging for many. Representative composite samples will now undergo metallurgical testing to support future studies.”
