Arian Resources Corp. (TSXV:ARC) has acquired the past producing, high-grade Perlat copper-gold-silver-cobalt mine within the productive Mirditë and Pukë Districts in northern Albania. The Perlat exploitation permit is 290 hectares and contains a significant, high grade historic resource and is permitted for mining for 25 years.
As quoted in the press release:
The Perlat exploitation permit lies within the productive Mirditë and Pukë Districts in northern Albania and is located 80 kilometres north of the capital Tirana. The Perlat permit is easily accessed by an 18 kilometre road from the town of Rreshen. Power and water are readily available throughout the property.
Contained within the Perlat permit is the past producing Perlat copper-cobalt mine which is one of eleven volcanogenic massive sulphide (VMS) deposits mined from a linear trend within the Mirditë and Pukë Districts.
Arian Resources President and CEO, Zahir Dhanani, said:
Arian is excited to acquire a high grade, fully permitted mine with a historic resource. The extension of this past producing mine has benefited from a massive drill program that has defined a substantial zone of mineralization. Our immediate target is to use the historic data to produce an NI 43-101 report. In addition, we have applied for a substantial exploration permit adjacent to the Perlat project, which has the potential to host additional mineralization. We have received excellent support from the government in expediting regulatory approvals, skilled manpower and equipment are readily available in the vicinity of the project and we believe that we can create substantial shareholder value going forward.