AusQuest confirms continuity of copper mineralization at Cerro de Fierro project in Arequipa: Promising findings drive mining exploration in the region.

The Australian mining company AusQuest has recently confirmed the continuity of copper mineralization in its Cerro de Fierro project, located in the Arequipa region. This confirmation came after the completion of the latest reverse circulation drilling program, which included three 800-meter deep holes. The results obtained in these tests are similar to those reported in previous drillings, revealing the presence of several copper zones in three of the four drilled wells. According to information provided by the company, the drilling intercepted a complex of dikes and dacite rock thresholds over the target andesitic volcanic formations, which are the main copper-hosting rocks in the study area. These findings have generated positive expectations regarding the potential for a significant copper resource at Cerro de Fierro, especially at greater depths, where magnetic studies suggest the possibility of deeper mineralization several hundred meters north of the current drilling area. The CEO of AusQuest expressed interest in awaiting the results of a geochemical study combined with data obtained from previous drillings before proceeding with a more detailed evaluation of the project. He also emphasized that Cerro de Fierro is just one of the four large-scale copper and gold mantle and porphyry targets identified in the region, which are planned to be drilled in the next six to 12 months, indicating that the current exploration stage is still in its early phases. The Cerro de Fierro project is located at the southern end of an iron oxide, copper, and gold metallogenic belt, 150 kilometers from the Mina Justa deposit, operated by the Marcobre joint venture. This favorable geological context has sparked interest and attention from the mining industry, leading to increased exploration and project development in the area with the aim of identifying and exploiting new mineral resources. AusQuest's market capitalization amounts to US$10.72 million, reflecting the confidence and financial support the company has for carrying out its exploration and development operations in the Cerro de Fierro project and other identified targets in the Arequipa region. The presence of an international company like AusQuest in the region not only boosts mining activity but also contributes to job creation and economic development in the area through investments and cutting-edge technologies applied to mineral resource exploration. In conclusion, the recent advances and findings in AusQuest's Cerro de Fierro project are a positive indication of the mining potential in the Arequipa region, highlighting the importance of continuous exploration and the use of innovative technologies to identify and assess new mineral deposits. AusQuest's commitment to sustainable and responsible development, along with the interest and collaboration of other mining companies in the region, reinforce Peru's position as a country with significant geological and mining potential capable of attracting investments and promoting the growth of the extractive industry for the benefit of the national economy and local communities.