The Pahuay copper-(molybdenum-silver-zinc) project consists of 1,200 hectares and is 100% owned by E29, subject to a 2% net smelter royalty return.
The property is located 270 kilometres south of Lima and approximately 15 kilometres north of the Cerro Lindo polymetallic mine controlled by Nexa Resources Peru SA.
The property is centered on a large 1.7 x 2.8 kilometre copper mineralized hydrothermal alteration zone associated with a Tertiary-aged porphyry intrusive complex emplaced along the eastern margins of the Peruvian Coastal Batholith into Cretaceous volcaniclastic rocks, siliciclastic and limestones sedimentary rocks. The mineralized area contains magnetite-garnet skarn formed in the limestones and phyllic alteration of the volcaniclastic units. The Cu mineralization in the skarn consists of Cu-oxides, chalcopyrite and semi-massive magnetite. The central parts of the skarn system are anomalous in copper and molybdenum. Outcrop samples returned assays up to 4.4% copper and 0.05% molybdenum and the more distal areas returned assays up to 6.5% zinc.
The project has not been drill-tested and is scheduled for preliminary geological mapping, rock sampling and geophysical surveys to help develop the drill targets subject to approval for access from the local community.
