Peruvian Metals Reports: Silver - Gold Recoveries of 97.85 % and 92.19% Respectively from the Victor II Vein at the Mercedes Ag-Au Property in Central Peru
Original announcement by tmx on
- Company
- Peruvian Metals Corp.
- Ticker
- PER
- Exchange
- TSX
- Region
- Central Peru
- Primary commodity
- Silver
- Secondary commodities
- Gold, Lead
- Document categories
- Metallurgy
- Extracted
- 2026-09-12 18:57:19 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Peruvian Metals Corp. has reported successful metallurgical flotation test results from the Mercedes property in Peru. The Victor II vein yielded exceptional silver (97.85%) and gold (92.19%) recoveries, while the Charo vein showed high silver (92.3%) but lower gold (74.7%) recoveries.
Reasoning: The metallurgical results demonstrate very high silver and gold recoveries from the Victor II vein using flotation, which is a significant de-risking step for the project's development.
Positive factors
- High silver recovery (97.85%)
- Strong gold recovery (92.19%)
- High-grade concentrate produced
- QP/CP sign-off provided
Negative factors
- Lower gold recovery on Charo vein (74.7%)
- Presence of lead in concentrates
Facts used in scoring: 4
Classification and evidence
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Silver recovery of 97.85% is exceptional for flotation.
Evidence · text
“Silver-Gold recoveries returned 97.85% and 92.19% respectfully.”
QP/CP Signedpositive · Story-specific tag
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Jeffrey Reeder, P.Geo, is identified as a qualified person who prepared and approved the disclosure.
Evidence · text
“Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation and approved the scientific and technical disclosure”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The metallurgical work used flotation methods.
Evidence · text
“Metallurgical results using flotation methods produced a concentrate”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Metallurgical Results (4)
flotationMercedes · silverRecovery: 97.85 %Head Grade: 9.4Head Grade Unit: ounces Ag/mtView all detailsHide details
Identity
- Project
- Mercedes
- Commodity
- silver
- Region
- peru
- Reported Region
- Central Peru
- Ticker
- PER
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- One large composite sample over several tens of meters in the Victor II workings
Recovery
- Recovery
- 97.85 %
- Recovery Basis
- actual_test
- Head Grade
- 9.4
- Head Grade Unit
- ounces Ag/mt
- Conc. Grade
- 33.03
- Conc. Grade Unit
- ounces Ag/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 97.85% silver recovery is exceptional for flotation.
Positive factors
- Exceptional silver recovery
Evidence · text
“Silver-Gold recoveries returned 97.85% and 92.19% respectfully.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 97.85% is at or above the exceptional band (90%)
flotationMercedes · goldRecovery: 92.19 %Head Grade: 3.69Head Grade Unit: grams Au/mtView all detailsHide details
Identity
- Project
- Mercedes
- Commodity
- gold
- Region
- peru
- Reported Region
- Central Peru
- Ticker
- PER
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- One large composite sample over several tens of meters in the Victor II workings
Recovery
- Recovery
- 92.19 %
- Recovery Basis
- actual_test
- Head Grade
- 3.69
- Head Grade Unit
- grams Au/mt
- Conc. Grade
- 12.23
- Conc. Grade Unit
- grams Au/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 92.19% gold recovery is very strong for flotation.
Positive factors
- Strong gold recovery
Evidence · text
“Silver-Gold recoveries returned 97.85% and 92.19% respectfully.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationMercedes · silverRecovery: 92.3 %Head Grade: 6.1Head Grade Unit: ounces Ag/mtView all detailsHide details
Identity
- Project
- Mercedes
- Commodity
- silver
- Region
- peru
- Reported Region
- Central Peru
- Ticker
- PER
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- One large composite sample taken over the length of vein in the Charo Vein
Recovery
- Recovery
- 92.3 %
- Recovery Basis
- actual_test
- Head Grade
- 6.1
- Head Grade Unit
- ounces Ag/mt
- Conc. Grade
- 48.42
- Conc. Grade Unit
- ounces Ag/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 92.3% silver recovery is strong.
Positive factors
- High silver recovery
Evidence · text
“Silver-Gold recoveries returned 92.3% Ag and 74.7% Au.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 92.3% is at or above the exceptional band (90%)
flotationMercedes · goldRecovery: 74.7 %Head Grade: 0.63Head Grade Unit: grams Au/mtView all detailsHide details
Identity
- Project
- Mercedes
- Commodity
- gold
- Region
- peru
- Reported Region
- Central Peru
- Ticker
- PER
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- One large composite sample taken over the length of vein in the Charo Vein
Recovery
- Recovery
- 74.7 %
- Recovery Basis
- actual_test
- Head Grade
- 0.63
- Head Grade Unit
- grams Au/mt
- Conc. Grade
- 4.01
- Conc. Grade Unit
- grams Au/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 74.7% gold recovery is moderate/weak for flotation.
Negative factors
- Relatively low gold recovery
Evidence · text
“Silver-Gold recoveries returned 92.3% Ag and 74.7% Au.”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 74.7% is below the weak band (80%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.