New York, NY (PRWEB) October 14, 2009
Mining MarketWatch Journal has published a review on Duran Ventures Inc. (TSX VENTURE: DRV). The review offers insight and opportunity afforded investors as DRV.V is advancing their 100% owned concessions located in Central Peru where geologists agree that Duran's Aguila copper-molybdenum porphyry deposit is part of a large porphyry cluster in a major mineral district actively taking shape, with Penoles and Duran Ventures holding key ground. Mining MarketWatch Journal has confirmed Penoles is now drilling on the edge of Duran Ventures' Aguila copper-molybdenum porphyry deposit.
The full review and valuation commentary may be found at http://miningmarketwatch.net/drv.htm online.
Excerpts: Geologists are all under the same agreement that high silver values at Duran's Pasacancha workings ~2km to the SE of Duran's Aguila main drilled porphyry has to be part of the same system and if that system is producing as much alteration and mineralization over 2kms that it is plus now Penoles is drilling off Duran's claim line to the south with four drill rigs -- Duran must be a significant part of a major mineralized district actively taking shape. Duran Ventures possesses three key projects in the region:
1) 100% owned Aguila copper-molybdenum deposit has yielded phenomenal grades in the order of 0.5 - 0.6% copper (ie.718m grading 0.555% Cu and 0.041% Mo = 1%+ copper equivalent ) and is host to a past producing open-pit mine. Drilling has expanded the deposit to the west, east and at depth, encountering higher grade porphyry than other companies in Peru (many the subject of buy-outs in the US$400M - 500M region), the deepest hole is over 600m from surface down and is still in copper mineralization. The dimensions of the porphyry are believed to be large and indications are positive for having big porphyry at depth. Results from recent exploration efforts are expected soon and will improve on the dimensions. IP geophysics being performed now across the entire area will show how everything is connected. Aguila is believed to be part of a large porphyry cluster and would explain why Penoles is on Aguila's doorstep drilling.
2) 100% owned Pasacancha (silver) project has yielded high grade silver values at past producing mine that focused on high grade silver veins. The main tunnel sampled over 384m grading of 2 ounces silver/tonne plus other metals. Pasacancha has potential for bulk tonnage resource and is understood to be part of the same system as Aguila.
3) 100% owned Santa Rosa/Corongo gold project in close proximity to Aguila and Pasacancha is yielding values up to 7.8 g/t gold and 191 g/t silver at Santa Rosa and 14.6 g Au/t and 483.0 g Ag/t at Corongo.
In the top left of the above map is the drill proven copper-molybdenum porphyry zone at Aguila which is ~400m wide, approximately 300m to the east of the drilled Aguila porphyry is another cluster of copper mineralization in a region that has never been drilled -- DRV.V has drilled one hole that was in that direction and intersected copper at depth which ran very similar grades to what was sampled at surface in the region that was never yet drilled. It is believed the porphyry target is much larger and encompasses all that area. The geophysics being performed now across the entire area will provide valuable insight, show how everything is connected, take risk off the table, and lay the groundwork to develop. ~2km to the southeast, the high silver values found in the tunnels and adits at Pasacancha (tunnel sampled 384m of 2 ounces silver/tonne plus other metals) are believed to be all related to the same system that is producing everything seen across the map. Results from the deep induced polarization geophysical survey being performed now will provide clarity and set the stage for taking DRV.V to the next level as Aguila and Pasacncha could conceivably rival other 200-300M tonne range porphyry deposits in the region.