Victoria (Au-Ag)


Victoria comprises a 1,400-hectare concession package featuring extensive advanced argillic (alunite-kaolinite) steam-heated alteration and a silica cap. Positioned 150 km east of Peru’s prominent Pan American highway in the Lircay district, Huancavelica region of south-central Peru, the project is conveniently accessible by a 445 km paved road from Pisco to Licapa, followed by a 30 km dirt road to the project site. Notably, it holds the potential for stand-alone development.

Victoria is among several zones within the Miocene gold epithermal belt exhibiting advanced argillic alteration, presenting the opportunity for the development of gold and silver mineralization beneath a silica cap. The project footprint spans an area of 3 x 4 km and is situated in the volcanic rocks of the Apacheta Formation. The alteration assemblage, marked by the presence of alunite-kaolinite, is associated with low gold and silver grades. However, this provides an indication of a fully preserved mineral system beneath a steam-heated zone. The Lircay Mining District has been subject to artisanal and small-scale mining of polymetallic veins since pre-colonial times. However, the disseminated gold and silver occurrences offer a major potential for district-scale growth.

Exploration & Geology

Victoria represents an epithermal gold system situated within the NW-SE trending belt of Miocene volcanic rocks of the Apacheta Formation, linked to the Chonta fault system. The system comprises a 3 x 4 km barren alunite-kaolinite steam-heated zone overlaying a silica cap, with the potential for gold and silver mineralization at depth.

The steam-heated zone is characterized by an assemblage of alunite-kaolinite ± opal, housing native sulfur and steam-blast breccias. Gold grades within this zone do not exceed 10 ppb, and there is a notable presence of volatile elements such as As, Hg, and Bi, indicating a high degree of preservation within the epithermal system.