Carube Copper Corp (CVE:CUC) said it has received approval to restart exploration work at its Jasperoide copper-gold project in Peru after suspending operations in light of the coronavirus (COVID-19) pandemic.
The approval from the Peruvian government does not include drilling activities, Carube said in a statement.
Since field work was put on hold in March, Carube said it undertook a comprehensive review of historic data, including drill core and logs, and developed a 3D geologic block model for the deposit, which is located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt.
Carube Chairman Tony Manini told shareholders that there are no confirmed COVID-19 cases within its team or in the Jasperoide project area.
“Carube has introduced strict safety protocols to address COVID-19 risks and is extremely pleased to be restarting field-based exploration activities,” Manini said in a statement. “Jasperoide is a very exciting copper-gold exploration project with historical results that demonstrate the potential for a major discovery, immediate walk up drill targets and a clear line of site to establishing an initial resource."
Manini said that the team’s work over the last three months had “significantly enhanced” its understanding of the geology and mineralization at the property, maximizing the opportunity for discovery at Jasperoide.
The firm also mapped out its proposed 2020-21 drill program, which will commence as soon as Carube receives a permit from Peruvian authorities. The permit application is “well advanced,” the company told investors.
Jasperoide is a high-grade copper-gold skarn and porphyry project spanning 5,700 hectares in southern Peru near three producing mines.
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