Cobriza Metals Corp. is a TSXV listed mineral exploration company focused on exploration and development of base metal mining projects in Peru and Latin America. Cobriza is initially focused on exploring three of its 100% owned projects: Arikepay, Miraflores, and Don Gregorio.
Cobriza recently discovered a significant new porphyry copper-gold deposit at its Arikepay property in southern Peru. An initial 3,630 metre reverse circulation drill program resulted in six of the fourteen holes containing long intervals of significant copper-gold-silver, including 142m at 0.51% copper equivalent within a broader interval of 238m at 0.39% copper equivalent in hole 6.
Arikepay covers six claims in two claim blocks totalling 4,000 hectares, is road accessible approximately 110 km south of the city of Arequipa, and lies 45 km south of the 3.5 billion tonne Cerro Verde copper-molybdenum mine (Freeport 54%, SMM Cerro Verde Netherlands 21%, and Buenaventura 19%) in southern Peru.
Miraflores is a 100% owned, 1,800 hectare under-explored porphyry copper-gold-molybdenum system in northern Peru, 70 km north-east of the city of Trujillo. Cobriza believes that Miraflores has the potential to host porphyry copper-gold-molybdenum mineralization based on historical reconnaissance scale geological mapping and rock sampling.
Don Gregorio, the third prospective target area the Company will test this season, is a 2,700 ha under-explored porphyry copper-gold system located approximately 140 km north-northeast of Chiclayo in northern Peru. Limited prior exploration by other companies included 1,648m drilled in 12 holes. A highlight from this drilling includes 0.394% copper and 0.18 grams per tonne gold over a drill interval of 153.3 metres.