EV Resources Acquires 100% of Don Enrique Project with 1,500m Geophysical Anomaly
EV Resources has acquired the remaining 50% stake in the Don Enrique Copper-Silver Project in Peru, consolidating a large, drill-ready land package with significant high-grade mineralisation and permits in place.
- Acquisition of remaining 50% of Minera Montserrat SAC for full ownership
- Consolidated 2,684-hectare land package including Estrella claims
- Large, undrilled geophysical chargeability anomaly up to 1,500m long
- Historic sampling confirms high-grade copper and silver mineralisation
- Drill permits and environmental approvals secured, enabling immediate exploration
Strategic Acquisition and Consolidation
EV Resources Limited (ASX:EVR) has taken a decisive step in its copper-silver exploration ambitions by acquiring the remaining 50% interest in Minera Montserrat SAC, thereby securing 100% ownership of the Don Enrique Copper-Silver Project in Peru. This move not only consolidates ownership but also streamlines operational control over a highly prospective asset in the Jauja Province, approximately 21 kilometres northeast of Jauja town.
The acquisition, completed for USD 150,000, enables EV Resources to merge Minera Montserrat with its wholly owned subsidiary Coripuquio S.A.C., which holds the adjacent Estrella claim blocks. This merger creates a contiguous landholding of 2,684 hectares, covering a continuous 5.5-kilometre strike length of prospective ground. The combined tenure encompasses a significant, undrilled induced polarisation (IP) geophysical anomaly that extends across both claim groups.
Compelling Exploration Targets and High-Grade Mineralisation
Geophysical surveys have revealed a substantial chargeability anomaly measuring up to 1,500 metres in length and between 300 to 750 metres in width, which remains open to the northwest. This anomaly aligns with a polymetallic vein system exhibiting characteristics consistent with the upper portion of a telescoped porphyry system, suggesting potential for a sizeable mineralised system at depth.
Historic channel sampling conducted by EV Resources has confirmed high-grade copper and silver mineralisation, with results including 14 metres at 0.75% copper and 16 metres at 0.63% copper, alongside peak grades of 3.22% copper and 585 parts per million silver. These grades, combined with the extensive geophysical anomaly, underscore the project's significant exploration upside.
Drill-Ready Status and Permitting Advantage
One of the standout features of the Don Enrique Project is its drill-ready status. EV Resources has secured an approved Environmental Impact Assessment (DIA) and drilling permits, a notable achievement given Peru's often complex permitting environment. This regulatory groundwork positions the company to commence drilling without delay, offering a first-mover advantage on a project that has never been drilled before.
Managing Director Mike Brown emphasised the strategic importance of full ownership, stating that it provides EV Resources with maximum optionality to unlock shareholder value while maintaining focus on its core North American antimony projects. The consolidation also allows for more efficient allocation of exploration capital and operational resources.
Balancing Growth with Core Focus
While the Don Enrique Project represents a significant copper-silver opportunity with potential critical metal targets, EV Resources remains primarily focused on addressing the critical minerals supply gap in North America, particularly through its antimony portfolio. The company’s flagship Los Lirios Antimony Project in Mexico and its US-based Dollar and Milton Canyon projects continue to be central to its near-term production ambitions.
The acquisition and consolidation of Don Enrique thus serve as a complementary growth avenue, offering potential upside in copper, silver, and gold, while the company advances its strategic priorities in critical minerals essential for energy storage and high-tech applications.
Bottom Line?
With full ownership and permits secured, EV Resources is poised to unlock Don Enrique’s potential, but the timing and scale of exploration will reveal how this fits alongside its antimony ambitions.
Questions in the middle?
- When will EV Resources initiate the first drilling campaign at Don Enrique?
- How will the company balance capital allocation between Don Enrique and its North American antimony projects?
- What are the implications of recent copper and silver price trends on the project’s development timeline?
