Cerro De Pasco R Stock Price, News & Analysis

Cerro de Pasco Resources has reported assay results from seven additional drill holes at its Quiulacocha Tailings Project in Central Peru. The results show significant silver-zinc-lead mineralization with consistent gallium presence. Key findings include intersections ranging from 15-22 meters with silver grades between 50-73 g/t, zinc content of 1.28-2.10%, lead content of 0.65-0.96%, and gallium content of 26-55 g/t.

The drilling program, completed ahead of the rainy season, comprised 40 holes with over 1,000 samples collected. The results demonstrate metal content continuity across 400 meters of the drilled area. The Quiulacocha facility covers 115 hectares and is estimated to contain approximately 75 million tonnes of processed material from operations between the 1920s and 1990s.

Cerro de Pasco Resources (GPPRF) has completed a 40-hole drill program at its Quiulacocha Tailings Project in Peru. Initial assay results from 177 samples (15% of total) show average grades of 1.72 oz/t silver (53.64 g/t Ag), 1.56% zinc, and 0.77% lead. These grades are 37% higher than previous shallow samples. The results indicate consistent metal content across 400-600 meters of the drilled area. Notably, gallium, a critical mineral for microchips, was found with an average grade of 34.61 g/t. The company plans an extended drilling campaign for Q2 2025.

Cerro de Pasco Resources has uplisted from the OTC Pink Market to the OTCQB Venture Market, with trading commencing under the symbol GPPRF. This upgrade provides investors with access to Real-Time Level 2 quotes and latest financial disclosures on otcmarkets.com. The company maintains its listings on the Canadian Securities Exchange (CDPR) and Frankfurt Stock Exchange (N8HP). According to CEO Guy Goulet, the OTCQB listing offers shareholders an additional regulated trading platform and expands the company's exposure to U.S. metals and mining investors.

Cerro de Pasco Resources Inc. (CSE: CDPR) announced the results of its annual general meeting held on September 17, 2024. All resolutions passed with 99% or higher approval. Eight directors were elected, including new board member John Carr, replacing Keith Brill. The company appointed Donna Yoshimatsu as independent senior strategic advisor for investor relations, with a focus on enhancing institutional awareness and strengthening the shareholder base. Ms. Yoshimatsu received 250,000 stock options and a monthly fee of $6,500. Additionally, CDPR granted 12,400,000 stock options to directors, officers, employees, and consultants, exercisable at $0.20 per share for five years.

Cerro de Pasco Resources Inc. (CSE: CDPR) has announced the sale of its Santander Mine in Peru to FIC03 Fondo de Inversión Privado, a Peruvian investment company controlled by Finanzas e Inversiones Corporativas. The transaction, effective August 29, 2024, involves selling the shares of CDPR's Peruvian subsidiary that holds the interest in the Santander mine. The consideration includes a cash component of $2.00 and a variable price of up to $10,000,000, to be determined and paid based on reaching commercial production in the Santander Pipe. This sale aligns with CDPR's strategy to focus on reducing corporate debt. The company will settle outstanding obligations between itself and its subsidiaries over time as part of the transaction.

Cerro de Pasco Resources Inc. (GPPRF) has received historic authorization to begin drilling at the Quiulacocha Tailings Project in Peru. This marks the first-ever authorization granted for a new mining exploration project within a tailings storage facility in Peru. The company has started installing its first drill rig for the Phase I drilling program and completed a geophysical study.

Key points:

• 40 drill holes planned to collect over 1,000 tailings samples
• Geophysical surveys indicate tailings depth exceeding 40 meters in some areas
• Quiulacocha Tailings estimated to contain 75 million tonnes of processed material
• Historical grades: up to 10% Cu, 4 g/t Au, 300 g/t Ag, and later 7.41% Zn, 2.77% Pb, 90.33 g/t Ag
• Project aims for economic benefits, environmental restoration, and job creation

Cerro de Pasco Resources (CSE: CDPR, OTCPK: GPPRF) has received a Supreme Resolution granting a long-awaited land easement for its El Metalurgista Concession and Quiulacocha Tailings Project in Peru. This enables the company to commence its exploration drilling campaign. The easement resolves a deadlock with state-owned Activos Mineros SAC and allows access to surface areas for project activities. CDPR plans to deposit around $1 million for the easement and aims to complete a 40-hole drilling program coinciding with the dry season from June to November. The Quiulacocha Tailings site holds an estimated 75 million tonnes of material, including copper, silver, gold, zinc, and lead. This milestone is expected to accelerate future project stages and is fully supported by the local community.