- Jun 27, 2010
Gold Mines of Peru Limited (GMO) has been established to identify, secure and develop advanced gold and silver projects in Peru. The Company's strategy is to focus on the advanced gold and silver exploration project described as the Rasuhuilca Project. The Company will also complete test work on two gold and silver tailings projects, namely the Motil Project and the Porcuchia Project. The Company has an option to acquire the Porcuchia Project and a right to negotiate a purchase or joint venture agreement in relation to the Motil Project. The Company aims to add to its exploration portfolio and, subject to completing the acquisition of tailing projects, to treat a number of tailings concurrently, to produce gold and silver.