Lupaka Gold (LPK.TO) has released an update on its mapping and confirmation sampling activities at its near-term production Invicta project in Peru. The sampling program confirms the expected mineralization as the hanging wall zone showed 2.15g/t gold and 1.52% copper over a length of 125 meters and a width of 6.2 meters whilst the footwall zone shows a higher grade of 6.38g/t gold and 1.68% copper over 105 meters and a width of 6.4 meters.
These samples confirm the high-grade mineralization at Invicta and validate the company’s plans to bring Invicta back into production at a throughput rate of 300 tonnes per day by the end of Q1 next year. This could be a very feasible plan as when we visited the Invicta project last year, the extensive tunnel system is production-sized and very well maintained. It shouldn’t be difficult for Lupaka Gold to get ore out of the mine and haul it to a nearby mill. We are currently compiling a report focused on the Invicta project which we plan to release shortly.
Disclosure: The author holds a long position in Lupaka Gold. Lupaka is a sponsor of the website. Please see our disclaimer for current positions.