Lupaka Gold Corp.
Lupaka Gold Corp. is a Peru-focused gold explorer and developer with geographic diversification and balance through its interest in asset-based resource projects spread across three regions of Peru.
The Company's portfolio of gold projects has grown to include:
(1) Invicta Gold Project, Huaura Province, Northwest Peru
The Company's 100-per-cent-owned Invicta gold project is a well-developed, polymetallic gold-copper underground deposit located approximately 120 kilometres by road north of Lima. Lupaka has all of the necessary development, infrastructure and mine upgrade contracts in place, and Management expects to commence production in 2017.
Invicta's resource estimates at a 1.30 g/t gold equivalent cut-off:
Invicta's approved EIA allows for mine production of 1,000 tpd, although the current mining plan is limited to 400 tpd.
Upside Exploration Potential
(2) Crucero Gold Project, Carabaya Province, Southern Peru
The Company holds a 100% interest in the Crucero Gold Project located in southern Peru. The Crucero Gold Project encompasses 11 identified anomalies within 5,500 hectares of mineral concessions, is an advanced gold exploration project located in the Orogenic Gold Belt of the Eastern Andean Cordillera. Crucero is a recent gold discovery in a newly emerging Peruvian gold district. The city of Juliaca is about 150 km from the Project site, approximately four hours by existing road. Town of Crucero is 45 km from project site. The Project has good existing infrastructure; there is a road to the site and water is available on the property. Electric transmission lines pass within 8 km of the site. The Company has built up good local community relations.
The Project has significant exploration upside as current resource based on only one of 11 identified anomalies.
(3) Josnitoro Gold Project, Southern Peru
The Company holds an option to earn a 65% interest on the Josnitoro Gold Project from Hochschild Mining PLC. The Project is located approximately 600 kilometres by road southeast of Lima in the Department of Apurimac, southern Peru, within which lies the Las Bambas mine (MMG Limited) and the Constancia mine (HudBay Minerals). Historical work on the disseminated gold zones includes over 170 shallow drill holes and extensive surface trenching, as well as artisanal mining.
Management and Directors
Gordon Ellis, P.Eng., MBA, CDir, Chairman, Director and Chief Executive Officer
Mr. Ellis has been involved with the mining industry and resource development for over 40 years. He is a former owner/manager of a geophysical exploration consulting firm and has held senior management and director roles with a number of publicly-traded mining exploration and development companies. The last two companies for which he was chairman were acquired by much larger firms in 2003 and 2010.
Darryl F. Jones, CPA, CA, Chief Financial Officer
Mr. Jones is a Chartered Accountant and most recently served as CFO of Corriente Resources (sold to CRCC-Tongguan in May 2010 for C$680 million).
Julio Castañeda, President of Lupaka's Peru Operations
Mr. Castañeda is a geologist with more than 29 years of experience in exploration and exploration management, and is a member in good standing of the Australian Institute of Geoscientists. He is the former Regional Manager for Golden Minerals in Peru and Mexico, and has held senior positions with Barrick Gold and Hochschild Mining.
Brian King, CPA (CGA), Controller
Mr. King has over 15 years of experience as a controller in the junior mining space. Most recently he was Controller with Corriente Resources.
Kathy Scales, Corporate Secretary
Ms. Scales has worked for several public companies in the capacity of corporate secretary and was with Gold Group Mining prior to her current role.
Eric H. Edwards, MBA, Director
Norman Keevil III, P.Eng., Director
Stephen Silbernagel, Director
Lucio Pareja, Director
Luquman Shaheen, P.Eng., Director
Please refer to Lupaka's website www.lupakagold.com for complete biographies.
On January 22, 2018, Lupaka Gold Corp. has provided an update on operational advancements associated with the Invicta gold development project. Lupaka to start development at Invicta in February.
On August 23, 2017, Lupaka Gold Corp. announced the elimination of the Invicta Gold Project production royalty. The payout and the filing of the royalty termination documents have resulted in the elimination of all existing charges against the Invicta mining concessions. With the anticipated near-term start of production, the elimination of the Invicta royalty reduces related future cash flow drain during operations.