Mr. Wayne Livingstone reports
NEW OROPERU RESOURCES INC.: COMPANY ANNOUNCEMENT/UPDATE
New Oroperu Resources Inc., at the request of the Investment Industry Regulatory Organization of Canada (IIROC), confirms that it is fully disclosed of all material facts regarding the company.
The company's flagship property, the Tres Cruces project in north-central Peru, has been described in the company's earlier news releases. The company continues to maintain its 100-per-cent interest in the Tres Cruces gold project, which has been under an option to purchase agreement with a subsidiary of Barrick Gold Corp. (Minera Barrick Misquichilca S.A.) since 2003. The Tres Cruces project is located about 10 kilometres south of Barrick's Lagunas Norte gold deposit, where production started in June, 2005.
Following the company's grassroots discovery and geological definition by widely spaced exploration drilling, Barrick conducted extensive exploration work on the Tres Cruces project. New Oroperu has an NI 43-101 technical report on the Tres Cruces project, entitled, "Technical Report on the Tres Cruces Project, North-Central Peru," dated Sept. 28, 2012, by Peter A. Lacroix, PEng, of Lacroix and Associates, which updated mineral resource estimates based on all available information to that date (available on SEDAR or through the company's website). According to the report, the Tres Cruces mineral resource is estimated to contain 2.6 million ounces of gold at a cut-off of 0.6 gram per tonne gold in the measured and indicated category. This estimate was based on 359 drill holes and nearly 74,000 metres of drilling. There is also an inferred resource in areas immediately adjacent to the deposit and at depth, which may be converted to a higher category with additional drilling. The gold mineralized system is open to depth, with some drill holes bottoming in mineralization. Further exploration is warranted to define the full extent of mineralization at Tres Cruces.
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