Echo Energy PLC acquires Ana Lucía concession in Áncash: a milestone in Peruvian mining.

The British company Echo Energy PLC has taken a significant step in the mining world by acquiring the polymetallic concession Ana Lucía in the region of Áncash. This acquisition was carried out through its joint venture Boku Resources, marking an important milestone in the Peruvian extractive sector. The project is located about 80 km from the city of Huaraz and covers an area of 2,100 hectares that previously belonged to Compañía Minera Ares SAC, a part of Hochschild Mining PLC. The Ana Lucía project stands out for its system of 17 quartz-tourmaline breccias that host minerals such as lead, zinc sulfides with the presence of silver and gold. These breccias have shown significant geological potential, especially for small-scale mining operations. One of the identified breccias has dimensions of up to 200 meters by 45 meters and surface samples with gold, silver, and lead grades that promise a promising future for metal extraction. The acquisition of this project by the joint venture between Echo Energy and Boku was made for an administrative fee of around US$36,000, along with a 1% Net Smelter Return (NSR) royalty payable from production. Additionally, an effective cap of US$10,000 has been established, as Boku has the exclusive option to eliminate the NSR with a single equivalent payment. The mining potential of Ana Lucía is highly encouraging, as its comparability with other successful projects in the region has been highlighted. Mention is made of the Soledad project by Chakana Copper Corp, located just 30 km to the north, and the operating Cerro Bayo mine, which is only 1 km away from Ana Lucía. The latter reference is particularly relevant as it demonstrates the area's viability for mineral extraction and its potential to become an important mining hub. The company has explained that the breccia bodies at Ana Lucía tend to group together and have a considerable vertical extent, making them high-interest targets for the company. The prospect of small-scale mining at this project is a perspective that has piqued the interest of investors and industry experts. The comparison with successful nearby projects such as Soledad and Cerro Bayo reinforces confidence in Ana Lucía's potential as a significant source of minerals. Echo Energy has demonstrated its commitment to sustainable and responsible development of its operations, which is crucial in such a sensitive sector as mining. The company has emphasized the importance of adhering to rigorous environmental and social standards in all its activities, which will undoubtedly be a key factor for the long-term success of the Ana Lucía project. With a future-focused vision centered on innovation and efficiency, Echo Energy positions itself as a relevant player in the Peruvian mining industry and promises to contribute positively to the economic and social development of the Áncash region.