Market Herald logo

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
Tocvan Ventures (CSE:TOC) - CEO, Brodie Sutherland.

" Colibri (CBI) and Tocvan (TOC) report gold discoveries at Pilar Gold & Silver Project

Tocvan Ventures (TOC) and Colibri Resource Corp (CBI) have received drilling results from the Pilar Project.

" Pure Gold Mining (TSXV:PGM) closes $31M non-brokered private placement

Pure Gold Mining (PGM) has closed the final tranche of a non-brokered private placement for total gross proceeds of C$31,086,144.
St. James Gold - CEO, George Drazenovic (left).

" St. James Gold (TSXV:LORD) revises brokered private placement

St. James Gold (LORD) is reducing the price of the units being offered in its recently announced brokered private placement from $0.60 to...
Traction Uranium

" Traction Uranium (CSE:TRAC) announces new chairman and CFO

Traction Uranium (TRAC) has appointed Mr. Blair Way as the Chairman of the Board of Directors and Tasheel Jeerh as Chief Financial Officer.