Duran Ventures Incorporated is a Canadian mineral exploration company trading on the TSX Venture Exchange (TSXV:DRV). Duran’s strategic focus is the exploration and development of world-class, large tonnage mineral deposits in Peru. We have a talented and experienced exploration and management team dedicated to creating shareholder value through the application of mineral exploration best practices, teamwork, and respect for the cultures and values of local communities.
Our flagship project is the 100% owned Aguila Copper-Molybdenum Porphyry Project. Only 17 diamond drill holes have been drilled to date, but the results show consistently strong copper and molybdenum mineralization over significant lenghts. Only one of eight IP chargeability anomalies has been drill tested to date. Mexican mining giant Peñoles (Minera Peñoles de Peru S.A.) holds neighbouring properties at their Racaycocha Project, roughly two kilometers to the south of Aguila, where they have reported a ‘significant mineral deposit’ here. The Pasacancha Project is a past producer with structurally controlled silver-lead-zinc mineralization located roughly two kilometers to the east of Aguila. Duran believes that Pasacancha has potential as a bulk mineable target. Exploration potential in the Aguila area is outstanding.
Duran’s nearby Corongo Project has only seen reconnaissance work to date, but we have defined five zones with strongly anomalous gold and silver values. Duran hopes to advance the Corongo Project through a joint venture with Leboldus Capital Incorporated, scheduled to begin in the third quarter of 2010.
Duran has recently focused on aggressively expanding our project portfolio in Peru. Four projects have been added through amalgamation with a private exploration company (Ichuña, Panteria, Don Pancho, and Matucana), and a fifth through acquiring 100% by direct application through the Ministry of Mines (Minasnioc).
Duran’s Ichuña Project is located approximately three kilometers from the recently discovered Canahuire Gold-Silver-Copper Deposit of Minas Buenaventura S.A.A. (‘Buenaventura’) and Gold Fields Limited (‘Gold Fields’). Their joint venture company Canteras del Hallazgo S.A.C. has defined a resource of 83.7 million tonnes of 1.9 grams of gold per tonne and 8.2 grams of silver per tonne, for an inferred resource of 5.6 million ounces of gold equivalent. At Ichuña, Duran’s surface sampling has shown strong secondary copper mineralization with associated silver. Exploration is ongoing and a geophysical survey is planned for August 2010.
The Panteria Porphyry Copper Project shows strongly anomalous gold and copper values in a volcanic-intrusive complex with an alteration zone covering an area of 2.5 x 1.0 kilometres.
The Don Pancho Polymetallic Silver-Lead-Zinc Project is located in the central silver-lead-zinc mining district of Peru, where Volcan Compañia Minera S.A.A. operates the Alpamarca and Animon Mines, and Glencore International AG operates the Iskaycruz and Yauliyacu Mines. Don Pancho is centrally located here only ten kilometers from Trevali Resources Corporation’s Santander Project.
Duran’s Matucana Project is also located in central Peru’s silver-lead-zinc mining district, roughly five kilometers from the Corichancha Silver-Lead-Zinc Project (formerly of Gold Hawk Resources Inc.). A resource estimate published on March 31st, 2009 reported reserves of 121,000 ounces of gold equivalent at Corichancha.
Duran’s Minasnioc Gold-Silver Project was acquired in a closed-bid government auction on May 20th, 2010. The property covers a high-sulfidation epithermal gold-silver system which has geological similarities to the Alto Chicama and Pierina mines.
