Core Viewpoint - Denarius Metals Corp. has been granted the Cruzadillo Investigation Permit, expanding its exploration area near the Lomero Project in Spain, which enhances its potential for discovering additional polymetallic deposits [2][3][6]. Group 1: Permit Details - The Cruzadillo Investigation Permit covers approximately 60 hectares and is located less than 1 km from the Lomero Project, increasing Denarius Metals' total property holdings in the Iberian Pyrite Belt to approximately 665 hectares [2][6]. - The permit is significant as it provides legal coverage over the land between Cruzadillo and existing investigation permits, allowing the company to influence an additional 141 hectares within the Iberian Pyrite Belt [6][7]. Group 2: Exploration Potential - The Cruzadillo area is believed to host geophysical anomalies associated with gossan outcrops, indicating the potential for discovering additional polymetallic deposits [3][4]. - The area is crossed by the potential western extension of the Las Merinas target, which lies along a major shear zone, enhancing the exploratory potential for the Lomero Project [4][6]. Group 3: Historical Context - The Cruzadillo Mine was historically mined starting in 1882, with operations halting in 1892. The mining activities revealed multiple ore lenses and significant mineralization, which may still hold potential for further exploration [5][6]. - Historical exploration efforts in the area continued into the 1960s, leading to the discovery of additional mineralization, indicating a rich geological history that could be leveraged for future mining activities [5][6]. Group 4: Future Plans - The company is currently designing a systematic exploration and drilling campaign for 2026, which will include drilling targets at Cruzadillo to test for the presence of polymetallic bodies that could increase the current mineral resources of the Lomero Project [3][8].
Denarius Metals Granted the "Cruzadillo" Investigation Permit near Its Lomero Project, Huelva Province, Andalusia, Spain
Newsfile·2025-09-29 11:00