EV Resources (ASX:EVR) has acquired the remaining 50% interest in Minera Montserrat SAC, granting the company 100% ownership of the Don Enrique Copper-Silver Project in Peru.
The strategic consolidation allows EVR to merge the entity with its subsidiary, Coripuquio S.A.C., resulting in a substantial 2,684-hectare land package.
The expansion is particularly significant given the project's high-grade mineralisation potential, with historic channel sampling previously confirming grades of up to 3.22% Cu and 585ppm Ag.
The project is currently "drill ready," benefiting from an approved environmental impact assessment and necessary drill permits—a major milestone in Peru’s rigorous regulatory environment.
Recent geophysical surveys have pinpointed a massive chargeability anomaly measuring 1,500m long and 750m wide, which remains open to the northwest.
Because the site has never undergone formal drilling, EVR holds a “significant ‘first-mover’ advantage” in exploring a 4km potential strike extension.
According to company leadership, “Full ownership of the project allows EVR to better explore options to maximise shareholder value whilst remaining focussed on its high-priority North American antimony portfolio.”