Core Viewpoint - Peruvian Metals Corp. has provided an update on its Minas Visca Silver property in Northern Peru, highlighting the potential for economically viable mineral extraction due to the significant increase in silver prices. Group 1: Property Acquisition and Location - The Minas Visca Silver property was acquired in 2021 through a competitive bidding process, with other bidders including Newmont Peru S.R.L and Mitsui Mining & Smelting Co. The property is located approximately 140 kilometers north of Lima [1] - The property spans approximately 94 hectares and includes several old mine workings, accessible via a paved highway and 50 kilometers of well-maintained dirt road [2] Group 2: Historical and Current Metallurgical Data - Historical reports indicate a metallurgical sample from the area averaged 13.16 ounces of silver per tonne, with 2.55% lead and 3.77% zinc. Two concentrates can be produced, with the first averaging 63.03% lead, 6% zinc, and 317 ounces of silver per tonne [2] - The company collected a bulk sample with a head grade of 4.83 ounces of silver per tonne, 0.25 grams of gold per tonne, and 1.62% lead, achieving recoveries of 85.50% for silver, 84.37% for lead, and 46.33% for gold [4] Group 3: Community Engagement and Future Plans - Initial discussions with the local community have been positive, and the company plans to continue discussions for detailed mapping and sampling, including additional metallurgical tests [5] - Mitsui is planning a drill program adjacent to the property, having completed necessary consultations and received approvals for drilling [5] Group 4: Economic Context and Processing Capacity - The CEO noted that when the property was acquired, silver was trading at approximately $23 per ounce, but it has since risen to over $100 per ounce, making the extraction economics attractive [6] - The Aguila Norte Processing Plant, which is accessible from the Minas Visca property, is currently producing at a capacity of 100 tonnes per day and can expand throughput as mineral supply increases [6] Group 5: Financing Activities - The company has arranged a non-brokered private placement for gross proceeds of up to $1,000,000 to advance its exploration strategy and for general working capital [7] - The placement will consist of 10,000,000 units at a price of $0.10 per unit, with each unit comprising one common share and one-half non-transferable share purchase warrant [8]