Argentina/ChileAndrea
The Andrea Project is located in the Andes of Region IV of Chile and lies within the late Eocene-- early Oligocene Copper Belt. This is one of the most important copper belts in the world and includes such giant porphyry copper deposits as Chuquicamata and Escondida. The project area lies approximately 75 kilometres east of the city of Illapel in central Chile.The Andrea Project consists of 100% owned exploration licenses covering 1,300 hectares. Mineralization is associated with Eocene (?) porphyritic intrusives of intermediate composition that cut Late Cretaceous volcanic and sedimentary rocks which form the regional basement. The Eocene intrusives crop-out in a 2.5 by 4.5 kilometre area and are generally located along north-trending regional faults that also control the location of hydrothermal alteration and mineralization. The alteration zone associated with the intrusives extends over an area of 3 by 2 kilometres and grades outward from a 600m long central core of potassic alteration along Banzai Ridge, with disseminated secondary biotite and stockwork pyrite, magnetite and chalcopyrite, to a large area of sericitic alteration with abundant iron oxides (goethite > jarosite > hematite).
The results of geochemical sampling and alteration mapping completed during 2010 indicate that a significant copper-molybdenum porphyry system has been identified at Andrea. The best results to date correspond to the zone of potassic alteration which has strongly anomalous copper - up to 0.6% in rock chips. A geophysical survey supported by helicopter and mules was completed in the first quarter of 2011.
Mr. Bob Carmichael, Bachelor of Applied Science (B.A.Sc) degree from UBC, and a registered Professional Engineer (P.Eng.) with the Association of Professional Engineers and Geoscientists of BC (APEGBC), is a qualified person as defined by National Instrument 43-101. Mr. Carmichael is Vice President, Exploration for the Corporation and has prepared or supervised the preparation of the information that forms the basis of this project summary or approved the written disclosure. For more information, see the individual technical reports and news releases available under the Corporation's profile at www.sedar.com and on the Corporation's website. In addition, further information on sampling and assay methods can be found in on the Corporation's website in the Qualified Person/Assay Methods link.
