Northern Peru Coper, has reported significant gold drill results from a number of diamond holes drilled over the Hilorico gold prospect located approximately 1km from their large Galeno copper-gold-molybdenum prophyry deposit in northern Peru and 16 kilometres from Yanacocha, South America's largest gold mine.
Indo Mines Ltd, through its subsidiary Terrace Gold, has a 0.5% Net Smelter Return over the El Molino concession, which contains all of the Hilorico gold target.
The drilling at Hilorico has defined partially to completely oxidized, brecciated or faulted quartzites and sandstones, and semi-massive sulphides confirming the presence of a large epithermal gold system with potentially economic grades. Northern Peru Copper is now moving forward with a mineral resource estimate, metallurgical test work and a first pass economic evaluation of the Hilorico project.