The new area, called Royropata, is not in the current permitted area, but the company believes that the discovery “has the potential to secure the medium-term future of the Pallancata mine.”
The miner is completing a 250,000-metre exploration program at the site, with an updated production plan and reserve statement expected early next year.
Golden Dawn Minerals has completed a helicopter-borne VTEM and magnetics survey over the old Phoenix copper mine at its Greenwood precious metals project in BC.