www.resourceinvestor.com/2013/05/20/...-investments&page=3
TGR: Are there any other companies in Peru that you are following?
TL: Lupaka Gold Corp. (LPK:TSX) has two excellent targets and it merged with Andean American Gold Corp. last year. Lupaka has the Crucero project, which is at an elevation of approximately 4,400 meters (4,400m). And it has a resource estimate of 2.2 Moz gold with an average grade of 1 g/t. The company currently has $8 million ($8M) in cash and will actually continue to drill and expand the resource at Crucero.
TGR: Which of Lupaka's three assets in Peru—AntaKori, Invicta and Crucero—shows the most promise?
TL: I would say Crucero because it can easily increase the resource estimate over the current 2.2 Moz. The AntaKori asset, which is held by its 17% subsidiary, Southern Legacy Minerals Inc. (LCY:TSX.V), has a very strategic location in the middle of the belt of Peru. Legacy Minerals is actually one of the takeout candidates for this year, which would obviously benefit Lupaka Gold as well.
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