Peruvian Metals Continues Record Throughput at Its Aguila Norte Processing Plant
Peruvian Metals Continues Record Throughput
at Its Aguila Norte Processing Plant
Edmonton, Alberta--(Newsfile Corp. - October 11, 2022) -
Peruvian Metals Corp. (TSXV: PER)
(OTCQB: DUVNF)
("Peruvian Metals" or the "Company") is pleased to provide an update regarding the
mineral processing at its 80-per-cent-owned fully permitted Aguila Norte processing plant ("Aguila
Norte" or the "Plant") located in Northern Peru.
During the third quarter of 2022, the Plant processed 6,871 tonnes for an accumulative total for 2022 of
21,757 tonnes. The 2022 year-to-date production represents an increase of 10% compared to the same
period for 2021. Production during the month of September was lower compared to the previous months
due to scheduled maintenance and replacing several key components of the mill. The Plant is now fully
operational and processing material and production for the fourth quarter is expected to exceed previous
quarters.
Jeffrey Reeder, Chief Executive Officer of Peruvian Metals, commented: "We are pleased that we are on
track to achieve a record processing year in 2022 at Aguila Norte. We continue to improve the financial
position of the Company during these difficult markets without share dilution. We are continuing to review
our wholly owned properties with the intention to process our own resources of mineral."
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. 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 toll milling services for clients and to produce high grade concentrates from mineral
purchases. The Company continues to acquire and develop precious and base metal properties in Peru.
For further information on Peruvian Metals Corp. please visit
www.peruvianmetals.com
.
Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange : Symbol "PER"
For additional information, contact:
Jeffrey Reeder Tel: (647) 302-3290
Website:
www.peruvianmetals.com
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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