Peru’s Minas Buenaventura signs agreement with Canada’s Alturas

Isabel Guerra

Alturas Minerals Corp has just reported that it has entered into a letter of intent agreement (LOI) with Compania de Minas Buenaventura, a Peruvian company listed on the Lima and New York Stock Exchanges, regarding its 100% owned Ccaccapaqui 1 property in Ayacucho, southern Peru.

Paul Pearson, President and CEO of Alturas commented, "We are delighted to be working with Buenaventura, a major international mining house and one of Peru’s principal gold and silver producers, in advancing exploration at our Ccaccapaqui gold-silver project.”

Buenaventura is Peru’s largest publicly-traded precious metals company and currently operates seven mines in Peru and has controlling interests in one mining company (El Brocal), as well as minority interests in several other mining companies, including a significant ownership interest in Yanacocha (43.65%) and Cerro Verde (19.26%).

Alturas is a Canadian corporation, which has been actively exploring various mineral projects in Peru since January 2004, focusing on the discovery of large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits.

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