Picha Copper In Peru Acquired By Carajas Copper

 

 

VANCOUVER, BC - Lara Exploration Ltd. reported that its partner Kiwanda Copper LLC  and the Carajas Copper Company Limited (CJC), have agreed to acquire the Company's Picha Copper Project in southern Peru. 

The Picha Project is located in the Moquegua Department of southern Peru. To date Lara has completed geological and alteration mapping, surface sampling and ground geophysics (158 line km of Magnetic and 65 line km of Induced Polarization surveys). The positive copper results from sampling, along with the widespread alteration, brecciation, vein stockworking and geophysical anomalies, are indicative of potential to discover a porphyry system at depth. The Picha property lies approximately 17 kilometers ENE of Compania de Minas Buenaventura S.A.'s San Gabriel gold deposit, for which indicated and inferred resources of 12.3 million tons at average grades of 6.5 grams per ton gold (2.5 million ounces) are reported.