VANCOUVER, BC, Oct. 22, 2020 /CNW/ - Pucara Gold
Ltd. ("Pucara Gold", "Pucara" or the
"Company") (TSXV: TORO) is pleased to announce the
listing of Pucara Gold Common Shares ("Common
Shares") on the Lima Stock Exchange ("Bolsa de
Valores de Lima" or
"BVL"). The Common Shares are expected to begin trading
under the symbol TORO on the BVL during the month of November. No
additional Common Shares will be issued in conjunction with the
listing.
"Having been involved in Peru
for nearly three decades, I wanted to be certain that prospective
Peruvian shareholders would benefit should Pucara deliver a
discovery on our Lourdes or
Pacaska targets," stated Mr. Zuker, CEO of Pucara. Mr. Zuker
continued "Peruvians are extremely knowledgeable mining investors
and benefit from a highly favorable capital gains tax treatment for
BVL listed entities."
About Lourdes Gold Project
The wholly-owned Lourdes
Gold Project is a fully-permitted high sulfidation epithermal
precious metal project, which lies at the intersection of two
regional mineralized trends with neighboring high sulfidation
prospects and a producing mine. Lourdes covers a highly prospective contiguous
area of 2,576 hectares that had received minimal prior exploration
and has not been previously drill tested. Pucara has identified a
complex of nested diatremes, vent breccias, and breccia bodies at
Lourdes that are similar in size
and associated alteration to some of the high sulfidation
epithermal gold deposits at Yanacocha and Pierina in northern
Peru, and the Mulatos district of
Mexico. The property is
approximately 400 kilometres southeast of Lima and is easily
accessible by a paved, single-lane road originating in the town of
Puquio, 155 kilometres east of the Pan American Highway.
About Pucara Gold
Pucara Gold is a well-financed
junior exploration company focused on the discovery and advancement
of economic precious metals deposits in resource-rich Peru. Pucara has a portfolio approach to
project acquisition and controls nine precious and base metal
projects, including its flagship Lourdes Gold Project, located in
Ayacucho, Peru. Pucara is
advancing six projects while the remaining three are under option
agreements with strategic partners. Pucara plans to grow through
discoveries, strategic relationships, and grassroots
exploration.
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market
prices, exploitation and exploration successes, the impact of the
COVID-19 pandemic on the worldwide economy, continued availability
of capital and financing, and general economic, market or business
conditions and regulatory and administrative approvals, processes
and filing requirements. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements.
SOURCE Pucara Gold Ltd.