Exploration opportunities
Joshua refers to the discovery of a Porphyry Cu-Mo (Au) type deposit located in the Upper Cretaceous–Paleocene metallogenic belt, approximately 45 km southeast of the Andacollo Cu-Au Porphyry deposit.
The estimated potential of this deposit could exceed 1,000 million tons, with grades reaching 0.5% copper, along with credits for gold and molybdenum.
The project is currently in the early exploration stage and requires further exploration to advance it to a more advance stage and confirm its potential.
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VENDIDO
Domeyko Project consists of two target areas with indication of Porphyry Cu-Mo mineralization, and associated Cu-Au veins. They are approximately 5 kms apart, so synergies may exists to develop both targets.
Cerro Moly – La Verde target is related to the non operating La Verde Cu mine, with at least 3 porphyry with sulfide mineralization and also high grade copper veins.
Rio Tinto reported a potential of approximately 200 million tons could be considered in in the surroundings of La Verde Mine with an average grade of 0.5 to 0.6% Cu in oxides and enriched ore.
Potential to extend the mineralization to the NW exist in La Verde, under the post mineral covered area.
Rinconada shows clear indications that a Cu-Mo porphyry system occurs in the project area, represented by a Quartz diorite and/or dacitic porphyry bearing quartz veining and Cu in indications of mineralization, with an extensive phyllic halo.
A strong correlation exists between geology, geochemistry and geophysics, showing the extension of the porphyry Cu-Mo system that takes place in the area (around 3 km long by 1 km wide).
According to all of the exposed, Rinconada warrants further exploration work, in order to better assess the real potential of the project.​
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VENDIDO
Tabaco is 8 km south of Tecks’s Relincho porphyry copper deposit and 36 km southwest of the Newmont Goldcorp La Fortuna copper-gold porphyry deposit (8.9 MM Oz Au & 6.500 MM pounds Cu) and approximately 8Km south of Teck´s Relincho copper-Moly Porphyry deposit (10.100 MM pounds Cu & 464 MM pound Mo) and 5 Km from Teck´s ChacayPorphyry copper project, in the Paleocene Porphyry Copper Belt.
Relincho and Fortuna orebodies were combined to create Nueva Unión Project which is owned 50/50 by Teck and Newmont.
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The Dinamarquesa Project is characterized by two main systems: a Cu-Au-(Mo) porphyry system and a high-grade Au-Cu vein system.
Preliminary drilling has identified a Cu-Au orebody estimated to contain approximately 35 million tonnes at a grade of 0.5% copper equivalent.
Recent drilling results have been significant, suggesting the potential presence of about 230,000 ounces of gold in the project and providing valuable insights into the vein system's potential.
Dinamarquesa shows promise for a larger deposit of gold and copper, which will require further infill and step-out drilling both laterally and vertically.
Salvadora is a well-developed IOCG hydrothermal alteration system with strongly NW structural development, that favored the emplacement of Copper (Au) mineralization in three mineralized structures, each extending for over 1 km long and 200 m wide.
Sulfides are underexplored and they represent an excellent potential to increase significantly the resources at depth probably exceeding hundreds of Millions of tons plus Au credits, considering the Manto Verde model.
Additional drilling would be necessary to assess better the extension of oxide mineralization, and deeper holes to explore sulfide mineralization.
Salvadora represents an exceptionally advanced project that may shortly develop an oxide operation with an extraordinary potential to discover significant sulfide resources.​