Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) announced that it is selling its Santander Mine in Peru to FIC03 Fondo de Inversión Privado, a Peruvian investment company controlled by Finanzas e Inversiones Corporativas. “The sale of the Santander Mine aligns with our strategy to focus on reducing corporate debt,” CDPR CEO Guy Goulet commented.
Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) said it has received authorization from the Peruvian Ministry of Energy and Mines to initiate exploration activities at its Quiulacocha Tailings Project. The authorization is the first time in Peru's history that such approval has been granted for a new mining exploration project within a tailings storage facility, Cerro de Pasco said in a statement.
Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) is set to begin drilling at its Quiulacocha tailings project in Peru following the attainment of a Legal Easement in May. On May 24, the Peruvian government granted CDPR a Legal Easement, allowing the company to proceed with engineering studies and a 40-hole drilling program at the Quiulacocha site.
Cerro de Pasco Resources (CSE:CDPR, OTC:GPPRF) has secured a crucial Land Easement via a Supreme Resolution, allowing the company to commence its exploration drilling campaign at the El Metalurgista Concession and Quiulacocha Tailings Project in Peru. The easement marks a major milestone, overcoming a longstanding deadlock with Activos Mineros SAC and enabling the company to advance its project.