Peru - Molinetes
Gold prospect, Piura Province, Peru
Location
The Molinetes property is located in the District of Las Lomas and approximately 120km east of the city of Piura. It covers an area of 800 hectares.
Geology
An extensive alteration system centred on and covering most of the Molinetes property has been identified. Preliminary observations suggest the presence of a large scale epithermal/shear zone system with extensive veins of gold mineralisation, of a style not yet characterised and not observed before in Peru. It is in an area which, until recently, has had no previous history of mining or modern exploration.
The mineralisation covers a surface area of at least 6km2 and may extend beyond the boundaries of the Molinetes property, although the major proportion of the mineralisation appears to be located within the property boundaries.
The mineralisation is distributed beneath a broad band of shallow altered clays along the geological contacts and expresses itself as a series of discrete high grade veins and broad disseminated stock works located within the massive silica altered felsic volcanic rocks. Except for the shallow oxidised surface mineralisation down to 20m, the gold and silver mineralisation present is associated with sulphides. Reportedly, it is only since late 2004 that small scale artisinal mining, superficially down to depths of 20m, has taken place on high grade gold bearing quartz veins.
Initial work
This is dependent upon obtaining the necessary agreement with the local community.
