It is reported that Strike Resources has received approvals from several communities in the Apurimac and Cusco regions of Peru to undertake iron ore exploration activities.

The approvals were received through Apurimac Ferrum SA a company in which Strike holds a 56% stake. In addition, exploration teams have been mobilized and geological mapping and reconnaissance sampling has commenced on the northern extension of the Opaban prospect, the Sillaccassa satellite concessions in Apurimac and at the Santo Tomas project in Cusco.

AF is also mobilizings geophysical crews to undertake detailed ground magnetic surveys over the target areas for each prospect. This work is expected to commence within two weeks. These programs are designed to delineate targets for drilling programs which are planned to commence later this year.

Specific targets are to follow up of the northern extension to the Opaban resource which is located within the Apurimac project area. In February Strike announced that Iron Ore Mineral Resources at the Opaban 2 and Opaban 3 concessions were increased from a total of 133.5 million tonnes indicated mineral resource at 59.4%Fe to 269.4 Mt.

The gravity and magnetic anomalies which outline the resource remain open and this program is designed to test these extensions and potential repetitions to the north. Delineation of ironstone outcrops and magnetic targets at Sillaccassa is planned and regional mapping and sampling at Santo Tomas to outline the full extent of the magnetite ironstones is scheduled.

Geological mapping and sampling, along with additional IP surveys at Santo Tomas is planned to establish the geological framework and prospectively for copper and gold mineralization. This prospect contains extensive shallow workings for gold along with elevated copper in shallow drilling above the existing IP anomaly.

The current program is designed to also identify drilling targets for either porphyry or skarn style copper mineralization.

(Sourced from www.proactiveinvestors.com.au)