Canadian mining company Pucará Gold has listed its shares on the Lima Stock Exchange, thus joining the Venture Capital Segment, the first since September 2018. The advice also included the participation of Kallpa Securities SAB.
Pucará operates in Perú through its subsidiary Pucará Resources.
The junior exploration and extraction company focuses on the discovery of precious metals and will soon begin the second phase of its exploration of its Lourdes project, which is located in Ayacucho.
The company’s Lourdes project, located 400km south of Lima, is a 6,365-acre complex that “represents a significant underexplored land package in the region”. Pucará’s technical team has discovered various similarities to some of Peru’s largest and most famous operating mines, and vents and breccia pipes at Lourdes that have provided clear drill targets for further exploration.
“Pucará's geological mapping program has identified several prominent diatreme and volcanic vent structures that appear to have played a significant role in the alteration and mineralization found on the property,” according to the company.
“Recent rock sampling at Lourdes produced greater than 1 g/t gold with additional pathfinders guiding further exploration,” and the company plans to commence a drill program at Lourdes with the goal of defining a resource.
The company is also developing the Pacaska project, one of the company’s largest land packages, and which has the potential for a multi-million ounce deposit, where the company is soon to begin exploratory works.
Pucará was advised on its flotation by law firm Rubio Leguía Normand.
“We are very proud of our client Pucará Gold for the listing of its shares in the Venture Capital Segment of the Lima Stock Exchange; listings of this type have not been seen for more than two years. This will allow Pucara to attract new investors for its exploration projects,” Diego Grisolle, a partner at Rubio Leguía Normand and who advised the company on the flotation, said.
The firm’s other partners advising the company were Xennia Forno and Claudia Chong, and who were assisted by principal associate Miguel Ángel Soto.
The company was also advised by Kallpa Securities, with a team led by capital markets manager Ricardo Carrión.