Peruvian Metals Achieves Record Throughput at Aguila Norte Processing Plant and Summarizes Major Achievements for 2024
Peruvian Metals Achieves Record Throughput
at Aguila Norte Processing Plant and
Summarizes Major Achievements for 2024
Edmonton, Alberta--(Newsfile Corp. - January 15, 2025) -
Peruvian Metals Corp (TSXV: PER)
(OTCQB: DUVNF)
("Peruvian Metals" or the "Company") announces production results for 2024 at its
80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern
Peru.
During 2024, the Plant processed a yearly record of 33,889 tonnes of third-party mineral. Compared with
30,199 in 2023, 29,667 tonnes in 2022 and 28,654 tonnes in 2021, production has increased five
straight years. This represents an increase of 12.2 % compared to 2023.
The Company is also pleased with the progress during 2024 by consolidating the Palta Dorada Au-Ag-
Cu project to hold a 100% interest in the property. The Company completed $250,000 US in property
payments in 2024 to Rio Silver Inc. for their interest. The Palta Dorada property is located in Northern
Peru and contains both high grade gold both in oxide and sulphide material. The Company re-
established access roads to the underground workings in late 2024 and is currently reviewing other gold
opportunities in the area for additional mineral feed for the Plant and a possible location for a future
Carbon in Pulp
("CIP") Plant.
During 2024, the Company has also acquired a 50% ownership stake in San Maurizo Mines ("San
Maurizo") a Manitoba based private company. San Maurizo holds the Mercedes Property situated in the
Junin Department in central Peru through its Peruvian Subsidiary Basic Mineral S.A.C. The Property has
a history of extensive underground workings, featuring numerous horizontal drifts and vertical raises
totaling over 1,000 meters. Dating back to the early 1980s, previous operators concentrated on three
primary structures known as Victor 1, Victor 2, and the Kelly vein. Over 15 sub-parallel Au-Ag-Pb-Zn
mineralized structures have been identified showing significant potential. The Company has secured
land use agreements with the local community and provisional permits to extract bulk samples for
processing. Significant underground progress has been completed to commence bulk sampling in early
2025.
"We are pleased to achieve several milestones during 2024. The Company achieved record
production at our Aguila Norte Plant. Significant progress at Palta Dorada and Mercedes properties
will allow for
mineral extraction during 2025.
We will continue to review additional gold opportunities in
Northern Peru by moving into the Peruvian gold space which is bolstered by the consolidation of Palta
Dorada. The acquisition is one of many catalysts and sources of material for a potential CIP circuit,"
commented Jeffrey Reeder, C.E.O. of the Company.
Qualified Person
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has
reviewed and approved the technical contents of this release.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model
is to provide clients with toll milling services and produce high-grade marketable concentrates from
mineral purchases. The Aguila Norte processing plant has an environmental permit ("IGAC") from the
Peruvian government which provides the Company with the ability to expand operations past the current
100 tonnes per day level. The Company continues to acquire and develop precious and base metal
properties in Peru.
ON BEHALF OF PERUVIAN METALS CORP.
(Signed) Jeffrey Reeder
For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Disclosure Regarding Forward-Looking Statements:
This press release contains certain "Forward-
Looking Statements" within the meaning of applicable securities legislation. We use words such as
"might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar
terminology to identify forward looking statements and forward-looking information. Such statements and
information are based on assumptions, estimates, opinions, and analysis made by management in light
of its experience, current conditions and its expectations of future developments as well as other factors
which it believes to be reasonable and relevant. Forward-looking statements and information involve
known and unknown risks, uncertainties and other factors that may cause our actual results to differ
materially from those expressed or implied in the forward-looking statements and information and
accordingly, readers should not place undue reliance on such statements and information. Risks and
uncertainties are more fully described in our annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities regulatory authorities and available at
www.sedar.com
. While the Company believes that the expectations expressed by such forward-looking
statements and forward-looking information and the assumptions, estimates, opinions, and analysis
underlying such expectations are reasonable, there can be no assurance that they will prove to be
correct. In evaluating forward-looking statements and information, readers should carefully consider the
various factors which could cause actual results or events to differ materially from those expressed or
implied in the forward-looking statements and forward-looking information.
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