Ozinca Peru SAC, a 100%-owned subsidiary of Oar Resources Ltd, owns the Chimu Gold plant in Southern Peru.

 

The Chimu Gold plant is a gold lixiviation plant that is strategically located to purchase high-grade gold ore from a significant number of existing small gold miners in the Ayacucho and Chala region of Southern Peru. It is located approximately 660km (by road) south of Lima.

 

The Company continues to assess options to develop the Chimu Gold Project in Peru.  The recent rally in the USD Gold price has renewed interest in the project that remains fully permitted and construction ready, with licences in place to process gold ore.  The Company continues to keep the project in good standing whilst a variety of options are considered.