Drilling returned 1.53 g/t gold and 21 g/t silver over 120 metres.

The Toronto-listed company announced this week that the mine is fully permitted and that its 2020 production forecast is of 60,000 ounces of gold.

With the rise in the price of gold over the past year, precious metals exploration has picked up steam worldwide.

The silver miners are finally enjoying higher prevailing silver prices, a great boon for this sector.

Cerro de Pasco was one of the oldest and largest polymetallic mines in the world, operating for almost 400 years.

ArcWest plans to conduct drill testing at the project in 2020 with partner funding.