Peruvian Metals Announces Encouraging Copper, Gold and Silver Results at its Aguila Norte Property in Northern Peru
Peruvian Metals Announces Encouraging
Copper, Gold and Silver Results at its Aguila
Norte Property in Northern Peru
Edmonton, Alberta--(Newsfile Corp. - December 17, 2025) -
Peruvian Metals Corp (TSXV: PER)
(OTC Pink: DUVNF)
("Peruvian Metals" or the "Company") is pleased to announce that the Company
plans a 2026 exploration program focused on the gold, silver and copper veins located in close proximity
to its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern
Peru.
The Company holds an environmental permit ("IGAC") granted by the Peruvian government that permits
the Plant to process mineral at the current 100-tonne-per-day level. Under the existing permit the Plant
can be expanded to 350 tonnes per day. The Plant is located on a wholly owned concession covering
120 hectares held by Peruvian's 80% owned subsidiary Minera Aguila de Oro S.A.C ("MADOSAC").
MADOSAC owns two additional contiguous concessions totaling 263 hectares that are not covered by
the environmental permit.
The exploration program area contains numerous outcrops of the Late Cretaceous "coastal batholith,"
composed of porphyritic diorite, granodiorite and tourmaline granodiorite rocks affected by a zone of
strong shearing. These rocks intruded earlier metamorphic and volcanic sequences. Within the property,
granodioritic rocks host several sets of subparallel veins and veinlets striking N40 degrees east, east-
west, north-south and dipping sub-vertically.
The Aguila Norte area was explored in 2009 by a Canadian junior, AndeanGold Ltd. ("AndeanGold").
Two areas of interest near the Plant were identified within the concessions, hosting a total of seven
veins. One area contains a 140-metre adit developed in the 1980's where AndeanGold noted in their
press release dated May 12th, 2009, that 31 samples taken from the adit returned a weighted average
of 4.81 g/tonne ("mt"), Au, 41.7 g/mt Ag and 0.51% Cu. Due to the recent rise in gold, silver and copper
prices, the Company is now reviewing the economic viability of these Au-Ag-Cu veins. The adit and old
workings located 480 and 500 meters NE of the Plant expose two parallel mineralized quartz veins.
Recent sampling by the Company confirms the Au-Ag-Cu mineralization in the two parallel veins with 6
grab samples from dumps and stockpiles averaged 1.10 grams Au/mt, 1.72 ounces Ag/mt and 1.99%
Cu. Gold and silver assays range from 0.257 to 2.69 grams Au/mt for gold, 0.20 to 4.29 ounces Ag/mt.
The six samples taken showed strong oxide copper mineralization. Assays confirm that most of the
copper is in soluble form ranging from 0.02 to 7.90% Cu.
The Company was able to clean out a 20-meter vertical shaft within the main adit. The Company took
one grab sample at the bottom of the shaft that contained abundant sulphides. Assay results from the
sample returned 1.487 grams Au/mt, 3.40 ounces Ag/mt and 3.00 % Cu. This sample was also assayed
for soluble copper returning 0.24% Cu. This result shows that the veins at Aguila Norte contain sulphides
at depth which could eventually be processed at the Plant. All samples from this area were processed by
Procesmin Ingenieros S.R.L located in Caraz Ancash by Fire Assay for Au-Ag and Atomic Absorption
for Cu.
The second area of interest is located immediately east and adjacent to the Plant in an area not covered
by the environmental permit. During 2025 the Company allowed a group of small miners to extract
mineral from one vein for sale under an artisanal permit. Under the agreement, the miners must provide
20% of the extracted mineral to MADOSAC as a royalty payment. Fifty-four tonnes of the mineral were
delivered to MADOSAC in 2025 with an average grade of 5.31 grams Au/mt. MADOSAC sold this gold
bearing material to a local toll mill and received $23,029 US including 18% VAT tax. The Company's
geologists recently took 7 grab samples from this vein where assays averaged 6.24 grams Au/mt and
ranged from 1.03 to 13.50 grams Au/mt. The grab samples were taken from the underground workings
and stockpiles on surface. The vein is heavily oxidized and varies in width between 0.30 to 1.20 meters.
The artisanal miners noted to the Company's geologists that they are limited at depth due to the
existence of sulphide material encountered in one of their vertical shafts. The Company therefore
believes that there exists good potential at depth for sulphide gold potential of this vein. Samples were
analyzed by Fire Assay at Auro Met Labs located in Trujillo. Auro Met Labs is used by many of miners
and mills in the area.
Jeffrey Reeder, Chief Executive Officer of Peruvian Metals, comments: "When we initially acquired the
concessions for the Plant, gold was trading between the $1200 to $1300 US per ounce range and
copper between the $2 to 3 US per pound range. At the time we were only interested the strategic
location for the
Plant. Now that gold is trading above $4200 US per ounce and copper trading above
$5.20 per pound, and the existence of Au-Ag-Cu sulphide mineral at depth, the economics for
underground operations are greatly improved. The Company will start to explore the area in early 2026
with further mapping and sampling. Sulphide material would be treated at our Plant and oxide material
will be sold to local toll mills. MADOSAC has all the infrastructure in place and will review what is needed
for the permitting process."
The Aguila Norte Plant has an environmental permit (IGAC) from the Peruvian government that provides
the plant with the ability to expand operations past the current 100-tonne-per-day level. The
exploration
plan is subject to modification of the existing permit and establishing new permits. Jeffrey Reeder,
P.Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the
preparation or approved the scientific and technical disclosure contained in this news 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 Management and Directors have been operating successfully in Peru for
over 30 years, and the Company continues to acquire and develop precious and base metal properties
in Peru. Peruvian Metals has a history of timely transactions that have added long term value for
shareholders.
ON BEHALF OF PERUVIAN METALS
CORP.
(Signed) Jeffrey Reeder
For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
:
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.sedarplus.ca
. 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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