Argentina/ChileColmillos
The Colmillos Project is located in the Andes of central Chile in the gap between the El Indio epithermal gold belt to the north and and the Miocene-Pliocene porphyry copper belt to the south. The project consists of 100% owned exploration licenses covering 3,400 hectares. The licenses were acquired by staking.Mineralization in the Colmillos area is associated with Tertiary- (Miocene-Pliocene?) porphyry stocks which intrude a late Paleozoic basement. In the southern part of the Colmillos property, these rocks host tourmaline cemented hydrothermal breccias. Both the breccia and stock emplacement is controlled by NNE trending regional faults. Mapping to date shows that the breccias outcrop along a 4.3 kilometre by 0.7 kilometre trend which follows the regional structural trend. The breccias are cemented with quartz and tourmaline and show occasional copper oxide staining. The breccias are surrounded by a 12 square kilometre area of hydrothermal alteration which is zoned from central phyllic alteration outward to argillic and advanced argillic assemblages.
To date, 258 samples of talus fines, 76 rock chip samples and 6 float samples have been collected on the Colmillos project. In the southern part of the property, an east-west, 1.2-km long line of talus samples taken over strongly oxidized and leached intrusives and breccias returned an average 292 ppm copper and 45 ppm molybdenum. The 41 rock samples collected from this area returned an average of 232 ppm copper and 35 ppm molybdenum with maximums of 3936 ppm copper and 388 ppm molybdenum. All samples are from strongly oxidized and leached rock and therefore these values are considered strongly anomalous. The copper and molybdenum values as well as the observed surface alteration features are typical of the leached caps of porphyry copper systems and suggest that a potential enrichment zone could be present at depth. Similar examples in the area are Pelambres (1,502 Mt @ 0.64% Cu and 0.018% Mo) located 97 km to the South and the Los Azules project (922 Mt @ 0.55% Cu) located 24 km to the SSE in Argentina. An access road has been completed and an initial drill program of up to 2,000 m in 6 to 8 holes is planned.
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.
