May 14, 2017
Hamilton Resources, Ltd., the investment capital partner and one of the controlling shareholders of Gorgona Gold S.A.C., announced today that Gorgona just completed a field visit to its most advanced project in Peru with some encouraging results.
The Suriloma property is located in the Department of La Libertad in Peru, 60 Km northeast of the city of Trujillo (Fig. 1). The project is located between 3200-3900 meters in elevation. The property lies within a mineral belt containing several world-class gold deposits. Suriloma is 30 Km west of Barrick’s Lagunas Norte mine (2011 production: 763,000 Oz gold) and 50 Km west of Rio Alto’s La Arena gold mine (2012 production: 212,000 Oz gold – Rio Alto Mining website, 2013). The Shahuindo gold-silver deposit in the Department of Cajamarca is located 50 Km to the north (4M Oz gold endowment: Sulliden Gold Corporation, 2012). The huge Yanacocha gold deposit (70M Oz gold endowment: Teal and Benavides, 2010) lies 100 Km to the north. The Suriloma Project is composed by two mining concessions Santa Felicita 2 of 657 hectares (code: 630006209) and Surupampa III 2009 of 800 hectares
The ten day field visit resulted in some new understandings of the project. During the visit 35 samples were taken with some very high silver results. Some of the results were high enough that the laboratory was asked to re-samples the specific results using a high cut off than the 100 grams per ton initial indicator. 28 new silver veins were located on the surface. These results were shared with a local mining company in Trujillo that has initiated discussions with Gorgona to commence small scale mining in that area.
About Hamilton Resources:
Hamilton Resources is a Peruvian mineral exploration company engaged in the acquisition, exploration, and potential development of precious and base metal properties, principally in Peru. Hamilton has initiated ten different mining projects located across 23 different concessions covering base and precious metals.