EHR Resources Limited (ASX: EHX)
EHR Resources (ASX: EHX) together with joint venture partner, Canadian-based mining company Eloro Resources (TSX-V: ELO) is quickly progressing to its initial drilling at the La Victoria Gold/Silver Project in Peru.
The Perth based junior explorer has just received permits from Peruvian authorities to begin drilling at the La Victoria Gold-Silver Project, located in the prolific North-Central Mineral Belt of Peru.
This region is highly prospective for gold and copper mineralisation, with La Victoria located within 50 kilometres of several existing large, low-cost producing gold mines, with three producers visible from the property.
In essence, EHX has its hands on a highly promising, yet still to be developed, gold project located amongst world-class gold producers including Barrick Gold and Anglo American.
La Victoria has never been drill-tested even though it has significant gold mineralisation outcrops at surface.
This means there is plenty of upside to come for this 10.5 million capped junior which now has the authority to drill up to ten sites within the Rufina zone of the La Victoria Gold/Silver Project.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
EHX is now exploring at a time when gold prices look to be rising.
If the upcoming drilling at La Victoria finds the mine to be similar to its producing neighbours, we could see EHX shareholders rewarded sooner rather than later.