(ASX: EVR) EV Resources
Parag Copper Project
| OWNERSHIP | EV Resources - 70% |
|---|---|
| LOCATION | Peru |
| STAGE | Exploration |
| COMMODITY | Copper & Molybdenum |
| STATUS | Continuing exploration programs |
The Parag Project totals 1399 hectares and is accessed by sealed roads as far as Sayán, unsealed roads to Churin, and the final 75km on dirt tracks. The overall distance by road from Lima is 350 km, with travel time of about eight and a half hours. The terrain consists of open hills, above the tree line, with an average elevation of 4,700m.
Historical drilling suggests the presence of an economic copper-molybdenum orebody, with significant value contributed by the molybdenum, currently more than five times the price of copper. Minor quantities of silver and gold have been recorded in most drill holes. EVR’s plan is to move rapidly towards defining a shallow resource on the breccias whilst developing a deeper, longer-term, porphyry copper target.