Up To Three Drills To Participate In Peru Campaign
Kuya Silver Corporation (CSE: KUYA) has commenced a Phase 1 drill programme at the Bethania Project, located in Central Peru.
The company plans to drill 5,000m in this Phase 1 programme, with the first diamond drill currently on site with two additional drill rigs arriving in the coming weeks to complete the programme.
This initial programme will be split into two parts, approximately 4,000m are planned for the western third of the property testing all seven veins that make up the historical resource. The assays and geotechnical measurements taken from this portion of the drill programme will be used to complete the underground mine production plan, including an expansion from 100 tonnes per day to 350 tonnes per day.
In addition, Kuya expects to complete a National Instrument 43-101 technical report, including a resource estimate on completion of the drill program.
The remaining 1000m will target the Española 2 area in this initial phase to confirm the extent of historical mining from the Española 2 adit, as well as testing other newly identified veins at surface that may be related to this mineralisation.
President and CEO, David Stein, said this series of drill holes is to be located approximately 900m east of the main adit and could substantially extend the strike length of the Bethania vein system.
“Starting this very exciting drill programme is a huge accomplishment for Kuya’s team in Peru. Given the recent challenges with COVID-19, our team’s ability to assemble the logistics and expertise required for this programme has been a significant undertaking,” Mr Stein said.
“The first phase of the drill program is just the beginning, designed to provide data that will allow us to confirm and complete our underground mine plans as well as to begin to test the depth extension of the veins below the mine workings.
“Upon completion of this first programme, we would look to step out even further along strike and at depth with our next phase of drilling. Internally, we have very aggressive resource growth targets that we will strive to achieve over the coming year.”
The Bethania mine was in production until 2016, toll‐milling its ore at various other concentrate plants in the region, the company’s plan is to implement an expansion and construct a concentrate plant at site before restarting operations. The mine produced silver‐lead and zinc concentrates from the run of mine material, until being placed on care and maintenance due to market conditions and lack of working capital.
