Pucara Gold Provides Corporate Update and Highlights 2021 Work Program

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Overig advies 18/03/2021 13:04
Highlights •Pucara’s mission is to discover the next world class high sulphidation epithermal (“HSE”) gold deposit in Peru;
•Pucara will concentrate the bulk of its 2021 activities on field and permitting work at the Pacaska Gold-Copper Project. When the rainy seaon has abated, Pucara will be following up on extending open geochemical anomalies as well as implementing trenching where feasible to refine drill targets. Drill permitting is underway in anticpation of starting a Phase I program;
•At the Keyla HSE Gold Project, Pucara plans to follow up numerous multi-element geochemical soil anomalies, particularly a 300 by 400 meter soil gold anomaly within an 8 kilometer hyrdothermal alteration zone, as it readies Keyla for permitting;
•Pucara estimates the Lourdes Gold Project has potential to host a +1 Moz Au deposit. A Phase II Lourdes drill program in the Cascada target area and to locate the inferred structural feeder will occur after evaluation of the Pacaska Phase I drill program;
•Now available: Roundtable Discussion between Steve Zuker (Pucara CEO & Director), Ken Balleweg (Pucara VP Exploration), and David Awram (Pucara Director & Sandstorm Senior EVP);
•Partner-funded work at Los Tambos (IAMGOLD), Capricho (Solaris Resources), and Paco Orco (Solaris Resources);
•C$5.2M treasury fully funds 2021 work programs.

Vancouver, British Columbia | Pucara Gold Ltd. (“Pucara Gold”, “Pucara” or the “Company”) (TSXV: TORO, BVL: TORO, OTCPK: PCRAF) is pleased to provide an update on its Peruvian precious and base metals project portfolio and 2021 work programs.

Steve Zuker, CEO, “Pucara’s mission is to discover the next world class high sulfidation epithermal deposit in Peru. While the Lourdes Gold Project did present as a potential world class deposit and the target concepts were confirmed by the drilling, gold was absent in the Jellopata target area. On the other hand, the Pacaska Gold-Copper Project alteration footprint is roughly three times the size of Lourdes with 3–5 g/t gold samples from outcrops with multi-stage hydrothermal breccias. We have C$5.2M in treasury and will focus the bulk of our 2021 work program on Pacaska and Phase I drill targets.”

Ken Balleweg, VP Exploration, “The Pacaska Gold-Copper Project covers a massive area of hydrothermal alteration. Whereas the drill-tested portion of Lourdes was in the upper parts of a high sulfidation system, the erosional level at Pacaska appears to be lower in the system, within the gold zone, as evidenced by the five gold-bearing vuggy silica breccia centers identified within the primary drill target area. Our IP survey has identified resistivity anomalies extending to depth correlative with gold-bearing breccias, as well as a large broad chargeability anomaly suggestive of a porphyry copper system at depth.”

A roundtable discussion on the 2021 exploration program between Steve Zuker (Pucara CEO & Director), Ken Balleweg (Pucara VP Exploration), and David Awram (Pucara Director & Sandstorm Senior EVP) is available for viewing on Pucara Gold’s YouTube channel or by clicking on the image below.


Pacaska Gold-Copper Project
Originally staked in 2015, Pacaska is an HSE precious metals project with an apparent transition to a porphyry copper system at depth. The alteration system contains anomalous, outcropping concentrations of gold with values in rock of up to 3­–5 g/t and rock samples exceeding 1% copper. The discovery of the latter outcropping gold and copper values led to the doubling of the project area to 76 square kilometers in 2017–2019. As a size comparison, the total Pacaska alteration zone is roughly three times the size of Lourdes.

The Yanasora target on the western portion of the property contains five outcropping gold bearing breccia centers with potentially ore grade gold in rock samples (3–5 g/t gold), which have never been drilled. The areas between vuggy silica breccia centers are covered by colluvium and IP resistivity (fig. 1) suggests that breccia centers may connect at depth.



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