Peru
News

Shahuindo survey reveals San Jose extension

Bnamericas Published: Thursday, February 13, 2003
Montreal-based Sulliden Exploration (TSX: SUE) said geophysical surveys done at its Shahuindo gold project in northern Peru's Cajamarca department conclude the sector drilled by the previous operator covers barely 25% of the potential ground. The latest surveys conducted over three months to January by Lima-based independent surveyor VDG confirm a prolongation of the known San Jose mineralization zone at the property, Sulliden said in a statement. The former operators, Asarco-Southern Peru, had calculated resources of over 800,000oz of gold in the surface oxidized zone of the property. Last year Sulliden signed an agreement to buy a 100% interest in the property from Peru's Minera Algamarca for US$4.13mn.

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