The deposit is one of the few in Nevada of which Tesla has publicly stated they covet.

The world’s second largest primary silver producer had suspended normal operations at its mines in Peru in March to comply with mandatory national quarantine.

Drillhole assays for hole WC-20-42 confirm the discovery of a new, high-grade and near-surface gold zone at the 32-sq-km property.

Sample highlights from the new area include 9.7 g/t gold and 1.1 g/t silver; 2.81 g/t gold; 2.69 g/t gold; and 2.24 g/t gold.

Preliminary indications are that the Kaukua South discovery could be several times the size of the NI 43-101 Kaukua open-pit resource.

The company based its decision on positive results from past explorations programs.

A total of 25 holes for 818 m on seven targets were completed, all located on historical copper showings.