The Prospector News

Peruvian Government Fast Tracks CDPR’s Quiulacocha Tailings Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Peruvian Government Fast Tracks CDPR’s Quiulacocha Tailings Project

 

 

 

 

 

Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS: GPPRF) (Frankfurt: N8HP) is pleased to confirm that the Quiulacocha Tailings Reprocessing Project is included in the 2023 Ministry of Economy and Finance Specialized Projects List (Banco Especializado de Proyectos del Equipo Especializado de Seguimiento de la Inversión – EESI), which establishes the universe of projects on which it will prioritize its actions in order to ensure an efficient follow-up, with the objective of fast-tracking development and construction of the country’s highest-impact projects.

 

The major inacentives considered by MEF include 1) the fact that it is a major project in the Pasco Province, leading to sustainable development and investment in services, 2) its ability to convert a state liability into an enterprise invested by the private sector, 3) very large potential economic scale, 4) diverse value chain, 5) onshoring objectives, 6) significant job creation, and 7) environmental and health benefits.

 

The significant potential benefits of the CDPR Quiulacocha Tailings Reprocessing Project are now acknowledged by key government entities, including MEF and the Energy and Mines Ministry, as well as local communities and authorities.

 

CDPR expects to receive the final go-ahead to execute 40 confirmatory sonic drills within its El Metalurgista concession in a few weeks, having completed exhaustive procedures.

 

Guy Goulet, CEO: “The Peruvian government clearly stands behind our project and I am confident that drill results will lead rapidly to development of the entire Quiulacocha Tailings Facility. Drill results will drive subsequent agreements to enable us to get going without further delay.”

 

About Cerro de Pasco Resources

 

Cerro de Pasco Resources Inc. is a mining and resource management company with unparalleled knowledge of the mineral endowment in the city of Cerro de Pasco and its surroundings. Initially, the Company will unlock the useful life of the mine and extend the concession areas in its Santander mining operation, applying the highest safety, environmental, social and governance standards. The key focus of growth for the Company is on the development of the El Metalurgista mining concession, one of the world’s largest surface mineralized resources, applying the latest techniques and innovative solutions to process tailings, extract metals and convert the remaining waste into green hydrogen and derivatives.

 

Posted March 7, 2023

Share this news article

MORE or "UNCATEGORIZED"


Critical Metals Corp Reports Extremely High-Grade Drilling Results From its 2024 Program: 103 PPM Gallium & rare earth elements of 27.0% HREO & TREO Range 0.48% to 0.55% & Zirconium Oxide of 1.99% From Tanbreez in Greenland

Superior drilling results continue to exceed the Company’s expe... READ MORE

August 18, 2025

American Lithium Closes Oversubscribed Private Placement

American Lithium Corp. (TSX-V:LI) (OTCQX:AMLIF) (Frankfurt:5LA1) ... READ MORE

August 18, 2025

North Peak to Investigate Economic Potential of Historic Dumps at Prospect Mountain Mine Complex

North Peak Resources Ltd. (TSX-V: NPR) (OTCQB: NPRLF) announces t... READ MORE

August 18, 2025

InZinc Intersects 11.0% Zn, 2.3% Pb and 27.1 g/t Ag over 3.0 m within a 40% Extension of Sedex Mineralized Trend at Indy Project, Central BC

InZinc Mining Ltd. (TSX-V: IZN) is pleased to report the first re... READ MORE

August 18, 2025

Fortuna drills 4.5 g/t Au over 37.4 meters at Kingfisher and 11.2 g/t Au over 5.6 meters at Sunbird, Séguéla Mine, Côte d’Ivoire

Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) is pleased to report ... READ MORE

August 18, 2025

Copyright 2025 The Prospector News