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Peruvian Metals Announces Gold Recoveries of 89% in Sulphides at Palta Dorada

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Executive Summary

Peruvian Metals Corp has released encouraging metallurgical test results from its wholly-owned Palta Dorada Gold-Silver property in Peru's Ancash department. The company reported achieving 89% gold recoveries in sulphide material, representing a significant milestone in understanding the processing characteristics of the deposit. The metallurgical work encompassed both oxide and sulphide gold-silver material, providing a comprehensive assessment of the property's processing potential.

The 89% recovery rate in sulphides is particularly noteworthy as sulphide ores are typically more challenging to process than oxide materials, often requiring more complex and expensive treatment methods. This strong recovery rate suggests that the Palta Dorada deposit may be amenable to conventional processing techniques, which could positively impact the project's economics. The company's focus on metallurgical testing demonstrates a methodical approach to advancing the project through the exploration and development pipeline.

For Peruvian Metals, these results represent progress in de-risking the Palta Dorada project and building the technical foundation necessary for future development decisions. The company's dual listing on the TSX and OTCQB provides access to both Canadian and US capital markets as it continues to advance its Peruvian gold-silver asset. The metallurgical data will be crucial for any future feasibility studies and will help inform processing plant design and operating parameters.

The positive metallurgical results come at a time when gold continues to attract investor interest amid economic uncertainty and inflation concerns. For companies operating in Peru, demonstrating strong technical results is essential for attracting development capital and advancing projects in a competitive market. The company's ability to achieve high recovery rates in challenging sulphide material positions Palta Dorada favorably as Peruvian Metals continues to evaluate the property's development potential.
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