Cerro de Pasco Resources Announces New Results from Quiulacocha Silver-Zinc-Lead Zone, Revealing Significant Increase in Gallium Levels | The Manila Times

MONTREAL, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP) ("CDPR” or the "Company”) is pleased to report assay results for an additional eight drill holes from the Quiulacocha Tailings Project in Central Peru.

Highlights - All intersections are in core lengths from surface and correspond to the predominant silver-zinc-lead zone in the northern section of the Quiulacocha deposit:

Hole SPT10 intersected 31 meters ("m”) at 47 grams per tonne ("g/t”) silver ("Ag”), 1.30% zinc ("Zn”), 0.87% Lead ("Pb”), and 58 g/t gallium ("Ga”)
- Including a 5 m intersection at 0.21% copper ("Cu”) and 0.43 g/t gold ("Au”)
Hole SPT11 intersected 27 m at 43 g/t Ag, 1.22% Zn, 0.84% Pb, and 64 g/t Ga
- Including a 3 m intersection at 0.20% Cu and 0.23 g/t Au
Hole SPT21 intersected 27 m at 45 g/t Ag, 1.29% Zn, 0.81% Pb, and 59 g/t Ga
- Including a 2 m intersection at 0.21% Cu and 0.23 g/t Au
Hole SPT22 intersected 26 m at 46 g/t Ag, 1.26% Zn, 0.98% Pb, and 69 g/t Ga
- Including a 2 m intersection at 0.25% Cu and 0.19 g/t Au
Hole SPT23 intersected 28 m at 53 g/t Ag, 1.53% Zn, 1.12% Pb, and 83 g/t Ga
- Including a 5 m intersection at 0.31% Cu and 0.32 g/t Au
Hole SPT32 intersected 31 m at 47 g/t Ag, 1.26% Zn, 0.89% Pb, and 65 g/t Ga
Hole SPT1_1 intersected 26 m at 52 g/t Ag, 1.54% Zn, 1.17% Pb, and 84 g/t Ga
- Including a 1 m intersection at 0.31% Cu and 0.12 g/t Au
Hole SPT1_2 intersected 16 m at 48 g/t Ag, 1.39% Zn, 0.99% Pb, and 65 g/t Ga

"Today's drillhole results are highly encouraging and exceed our initial expectations," stated Guy Goulet, CEO. "Drillholes intersected Cu-Ag-Au tailings with grades reaching 0.53% Cu, 0.45 g/t Au, and 95.8 g/t Ag, with thicker layers and higher grades concentrated in the southern part of the drilling area. Notably, lead and gallium content significantly increase towards the South, with grades exceeding 1% Pb and 100 g/t Ga in several instances. Gallium grades in the South average between 59 and 84 g/t, nearly double the northern averages of 21 to 41 g/t, demonstrating a clear correlation with the lead mineral galena."

"The consistent and increasing presence of gallium, a critical metal essential for advanced electronics and renewable energy technologies, adds significant potential to the project's economics. Gallium's importance has risen sharply following China's recent export restrictions to the US and other nations, which have caused prices to surge and underscored its strategic value in global supply chains. This geopolitical shift highlights the growing demand for secure and diversified sources of gallium, positioning our findings as particularly timely."

The results demonstrate that the metal content is continuous at depth and laterally across 800 meters of the drilled area (Figure 1). The assay results for each of the eight drill holes are presented in Tables 1 to 8.

The Iron results also indicate a consistent presence of pyrite throughout the deposit. Pyrite (indicatively 50% of the tailings) may represent a valuable by-product for the project. The upcoming metallurgical test work program will also evaluate the potential for pyrite recovery, including estimated grade, by-products and impurities.

Figure 1: 40-hole Quiulacocha Drill Program showing drillholes related to this press release

Table 1. Assay results, Drillhole SPT10

Drillholes: SPT10
From	To	Ag (oz/t)	Ag (g/t)	% Zn	% Pb	% Cu	Au (g/t)	Ga (g/t)	In (g/t)	% Fe
0	1	1.63	50.70	0.51	0.65	0.05	0.04	58.76	22.68	27.04
1	2	1.19	37.01	0.94	0.58	0.03	0.03	42.92	21.21	26.28
2	3	1.47	45.72	1.11	0.77	0.04	0.02	75.84	7.32	25.93
3	4	1.22	37.95	0.83	0.54	0.03	0.02	45.12	21.33	27.42
4	5	1.22	37.95	0.84	0.54	0.03	0.02	48.60	20.85	26.43
5	6	1.27	39.50	0.87	0.60	0.04	0.02	47.76	22.52	27.06
6	7	1.42	44.17	1.01	0.64	0.05	0.03	58.96	22.97	28.60
7	8	1.45	45.10	1.02	0.70	0.05	0.02	60.56	22.37	28.59
8	9	1.46	45.41	1.15	0.64	0.06	0.02	70.53	22.79	26.00
9	10	1.48	46.03	1.25	0.75	0.07	0.03	66.88	22.21	26.21
10	11	1.65	51.32	1.41	1.07	0.09	0.03	68.68	11.56	26.90
11	12	1.38	42.92	1.14	0.69	0.06	0.03	58.30	19.99	26.95
12	13	1.73	53.81	2.02	1.95	0.10	0.03	97.38	10.24	25.84
13	14	1.70	52.88	1.86	1.73	0.09	0.03	95.79	13.16	24.55
14	15	1.92	59.72	2.18	2.54	0.15	0.05	105.00	15.80	24.40
15	16	1.52	47.28	1.48	1.11	0.10	0.05	53.80	29.86	27.14
16	17	1.37	42.61	1.28	0.85	0.08	0.05	50.12	20.76	27.03
17	18	1.33	41.37	1.18	0.64	0.07	0.06	41.84	18.58	27.25
18	19	1.28	39.81	1.29	0.63	0.09	0.09	35.51	18.88	27.26
19	20	1.32	41.06	1.37	0.67	0.09	0.09	32.08	18.08	27.27
20	21	1.36	42.30	1.43	0.75	0.09	0.07	42.68	19.15	27.03
21	22	1.52	47.28	1.43	0.68	0.16	0.18	51.61	20.32	27.24
22	23	1.42	44.17	1.21	0.64	0.13	0.18	47.43	17.72	26.98
23	24	1.26	39.19	1.16	0.44	0.09	0.15	19.93	15.05	28.72
24	25	1.40	43.54	1.15	0.57	0.13	0.20	41.14	15.46	26.35
25	26	1.47	45.72	1.32	0.60	0.15	0.20	43.12	18.46	27.78
26	27	1.68	52.25	1.29	0.70	0.20	0.37	60.50	18.28	26.40
27	28	1.98	61.58	1.74	1.30	0.24	0.45	90.24	10.28	25.98
28	29	1.76	54.74	1.73	1.02	0.21	0.44	61.78	21.97	25.35
29	30	1.90	59.10	1.35	0.61	0.21	0.42	41.32	16.57	33.71
30	31	2.19	68.12	1.65	1.37	0.27	0.44	79.02	9.24	25.39
Mean		1.51	47.11	1.30	0.87	0.10	0.12	57.85	18.25	26.94

Table 2. Assay results, Drillhole SPT11

Drillholes: SPT11

From

Ag (oz/t)

Ag (g/t)