Peruvian Precious Receives DIA Approval for Igor, Acquires Additional
Surface Rights
Vancouver, British Columbia – April 13, 2015 – Peruvian Precious Metals Corp. (the "Company" or
“Peruvian”) is pleased to announce that the Company and Explora Peru Mining Group/Proyectos
Patagonia SAC (PLP) have received approval of the Declaración de Impactos Ambientales (“DIA”,
“Declaration of Environmental Impacts”) for the underground test mining and bulk sampling program at
it’s Igor gold and silver mine development project in northern Peru. With approval of the DIA, the
Company and PLP can complete and submit the Plan de Minado (“Mine Plan”) for the test mining
program for regulatory approval. Peruvian anticipates completion of the permitting process and initiation
of pre-mining operations at Igor in May, 2015 with initial development of underground mine workings in
Q2 2015 as scheduled. The approval of the DIA by the Regional Government of the Department of La
Libertad is a major benchmark for the Company and will allow the company to rapidly advance its test
mining and bulk sampling program.
As previously disclosed (please see press release dated October 7, 2014), once final permits are received,
PLP anticipates that it will take between three to six months to develop underground mining infrastructure
sufficient to allow collection of appropriate bulk samples and conduct test mining along the Callanquitas
Structure. PLP plans to develop mine workings on three levels over a vertical range of approximately 150
metres to access different areas within the Callanquitas Structure where previous drilling has defined
Inferred gold and silver resources (please see Technical Report as amended on September 27, 2013
entitled “Technical Report on the Callanquitas Structure, Igor Mine Project, Northern Peru, South
America”, available on the Company’s web site or SEDAR). Mineral resources are not mineral reserves
and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral
resource will be converted into mineral reserves.
The Company is also pleased to announce that it has completed the purchase of surface rights totaling
65.3 hectares within the Igor project area. The surface rights acquired will facilitate the development of
the surface infrastructure associated with the test mining program and will also allow access to important
areas of the project for surface exploration, including drilling.
Brian J. Maher, President and CEO of Peruvian commented: “Receiving approval of the DIA for the
underground test mining and bulk sampling program at Igor is an important step forward for the
Company and our mining partners, PLP. We are anxious to begin the bulk sampling program and have
been diligently working toward identifying processing options for the bulk samples. The data gathered
from the bulk sampling program will help validate the gold and silver resource model for the Igor project
and provide vital operational information with regard to potential mining costs for the project. I am sure
all of our shareholders and investors will share the Company’s excitement at having achieved this
milestone so rapidly.”
About Peruvian Precious Metals Inc.: Peruvian Precious Metals (PPX: TSX.V; BVL) is currently
exploring and evaluating mine development opportunities at its Igor Mine Project in Northern Peru. The
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Igor project explores several high grade, gold and silver mineralized high-angle structures that host
significant gold and silver resources. The Callanquitas Structure at the Igor Project contains Inferred gold
and silver resources of 7,189,000 tonnes grading 1.94 gpt gold and 71.8 gpt silver containing 448,500
ounces of gold and 16,600,000 ounces of silver at a cutoff grade of 1.5 gpt gold equivalent. Included
within this resource estimate is a higher grade zone consisting of 2,730,000 tonnes grading 2.73 gpt gold
and 119.1 gpt silver containing 239,400 ounces of gold and 10,500,000 ounces of silver using a 3.0 gpt
gold equivalent cutoff grade (Please see Technical Report as amended on September 27, 2013 entitled
“Technical Report on the Callanquitas Structure, Igor Mine Project, Northern Peru, South America”,
available on the Company’s web site or SEDAR). Mineral resources are not mineral reserves and do not
have demonstrated economic viability. There is no certainty that all or any part of the mineral resource
will be converted into mineral reserves.
The Company is continuing its exploration and development of the Igor Project including an underground
test mining and bulk sampling program designed to generate data to evaluate future mine development
options at Igor.
All scientific and technical information in this press release has been reviewed and approved by Quentin
J. Browne, P.Geo., Independent Consulting Geologist to Peruvian Precious Metals, who is a qualified
person under the definitions established by National Instrument 43-101.
On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Peruvian Precious Metals Corp.
Kimberly Ann Arntson, CFO, Vice President - Corporate Development
Phone: 1-530-414-4400
Email: kimberly.ann@peruvianpmc.com
Website: www.peruvianpmc.com