The initial property acquisition entailed 5,800 hectares acquired by Andean American in early 2005. On October 20, 2005 Andean American acquired an option to purchase 100% of an advanced exploration project of 3,700 contiguous hectares from a Barrick wholly owned subsidiary, Minera ABX Exploraciones SA. Subsequent to this date, Andean American independently acquired an additional 32,000 hectares bringing the total land position for the project to 41,500 hectares.
The Invicta Project is located in West–Central Peru in the department of Lima, province of Huaura, approximately 250 kilometres by road northeast from the city of Lima, Peru. It is accessible by driving on the Pan–American Highway 154 kilometres (1:45 hours), and continuing approximately 96 kilometres on a steep terrain gravel road until the project area is reached (2:00 hours) at an elevation of 3,400 meters above sea level.
The climate is semi–arid most of the year, with little vegetation. The topography is rugged with deep V shaped valleys. Glacial springs supply water approximately 12 to 15 Km East of the project. A creek that supplies water throughout the year is located at the Huaura River, located 7.5 kilometres to the west of the property. Trained mining personnel and power supply are available in the town of Sayan, approximately 55 kilometres from the Invicta Camp. The property is located within the limits of two indigenous communities named Paran and Collaray, with a population of approximately 400 inhabitants. Andean Explorations, a subsidiary of Andean American, has signed agreements with both communities that include social support and the hiring of workers.
Click here for Knelson Gravity Solutions report on Metallurgical Testwork at Invicta by Peacocke and Simpson
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