Total
0
Shares

Subscribe

Be the first with the news that moves the market
  • Kuya Silver (KUYA) has acquired 800-hectare mineral concessions including an artisanal mine near Bethania
  • The company has entered into three separate agreements to acquire the Carmelita 2005, Carmelita 2005 I, and Carmelita 2005 II concessions
  • The project provides Kuya Silver with additional high-priority exploration targets, including a potential strike extension of the high-grade silver-polymetallic vein system
  • Kuya is a Canadian‐based silver‐focused mining company that owns the Bethania Project, which includes the Bethania mine, located in Central Peru
  • Kuya Silver Corporation (KUYA) os up .47 per cent and is trading at C$2.14 at 1:11 pm ET

Kuya Silver (KUYA) has acquired three mineral concessions located in Acombabilla, Huancavelica Department and Chongos Altos, Junín Department.

The company has entered into three separate agreements represented by the same parties to acquire the Carmelita 2005, Carmelita 2005 I, and Carmelita 2005 II concessions.

The three properties total 800 hectares and are strategically located less than three kilometres west of Kuya's Bethania Mine.

The project provides Kuya Silver with additional high-priority exploration targets, including a potential strike extension of the high-grade silver-polymetallic vein system that has been identified at Bethania.

Located on the land package is the Carmelita Mine, an artisanal mine approximately 3.6 kilometres west of the Bethania Mine.

The project also borders Kuya's Chinita I concession to the west.

With this acquisition, Kuya now holds 2,545 hectares of mineral concessions in the Bethania district.

Kuya's President and CEO, David Stein stated,

"We are very pleased to acquire this exciting Project, located along strike from the Bethania vein system and only a short distance to the mine."

"It is our intention that if economic mineralization is discovered at Carmelita, it would be run as a satellite mining operation feeding the Bethania mill," added Stein.

Kuya recently conducted due diligence on the project where review focused on the Carmelita Mine area, which has experienced recent small-scale production, targeting silver-polymetallic veins.

During its visit, Kuya geologists observed five veins outcropping on the surface and took several samples of the near-surface vein system, that can be traced in outcrop over one kilometre in strike length.

Access to the Carmelita mine includes three separate adits corresponding to three different veins.

A total of 6 rock chip samples were collected.

The coordinates of the locations of each sample were recorded, and the samples dispatched to the SGS laboratory in Lima for geochemical analysis.

Kuya is a Canadian‐based silver‐focused mining company that owns the Bethania Project, which includes the Bethania mine, located in Central Peru. 

Kuya Silver Corporation (KUYA) is up 0.47 per cent and is trading at C$2.14 at 1:11 pm ET.

More From The Market Herald

" NEO Battery (TSXV:NBM) starts a pilot plant project

NEO (NBM) has launched a pilot plant project that will test NEO’s single-step silicon (Si) nanocoating process for metallurgical-grade silicon.

" Palladium One (TSXV:PDM) intersects massive sulphide mineralization at Tyko Nickel-Copper Project

Palladium One (PDM) has released the final results from its Phase II drill program at the Tyko Nickel-Copper Project.

" Blue Star Gold (TSXV:BAU) prepares for drilling program at its Ulu and Hood River projects

Precision GeoSurveys Inc. has commenced the first stage of Blue Star’s (BAU) 2021 exploration program.

" Ethos Gold (TSXV:ECC) engages GoldSpot Discoveries

Ethos Gold (ECC) has engaged GoldSpot Discoveries (SPOT) to evaluate its Toogood Project in Newfoundland.