With the rise in the price of gold over the past year, precious metals exploration has picked up steam worldwide.

The silver miners are finally enjoying higher prevailing silver prices, a great boon for this sector.

Cerro de Pasco was one of the oldest and largest polymetallic mines in the world, operating for almost 400 years.

ArcWest plans to conduct drill testing at the project in 2020 with partner funding.

Results include 30 metres of 1.11 g/t gold, 0.23% copper and 3.3 g/t silver.

The precious metals sector remains in a correction.

Court papers noted that Nautilus had two distinct business units, one dealing with polymetallic nodules, and one dealing with seafloor massive sulphides.