08:04 AM EST, 01/07/2025 (MT Newswires) -- Cerro de Pasco Resources ( GPPRF ) reported Tuesday assays for an additional eight drill holes from the Quiulacocha tailings project in Peru.

Highlights include 31 meters at 47 grams per tonne (g/t) silver, 1.30% zinc, 0.87% lead, and 58 g/t gallium.

"The consistent and increasing presence of gallium, a critical metal essential for advanced electronics and renewable energy technologies, adds significant potential to the project's economics," CEO Guy Goulet said. "Gallium's importance has risen sharply following China's recent export restrictions to the U.S. and other nations, which have caused prices to surge and underscored its strategic value in global supply chains."

Cerro de Pasco's share price fell 3.2% on Monday to $0.305 on the CSE.