Argentina/ChileFILO DEL SOL-COPPER/GOLD
The Filo del Sol Project is part of the JOGMEC Joint Venture in which the Corporation has a 60% participating interest and JOGMEC has a 40% participating interest. Filo del Sol is located in San Juan Province, Argentina along the international border with Chile. The project area is located approximately 15 kilometres west of the Josemaria Project and 17 kilometres southwest of Los Helados. Elevations in the project area range from 5,000 to 5,200 meters.Filo del Sol is a high-sulfidation copper-gold target hosted in a large complex diatreme body measuring at least one kilometer in diameter that is superimposed on a porphyry copper system at depth. Mineralization in the upper part of the diatreme occurs as chalcanthite, a soluble copper sulfate mineral. This transitions at depth to disseminated and veinlet controlled sulfides including pyrite, enargite, chalcopyrite, and occasional covellite, and chalcocite. Parts of the system contain appreciable gold. Porphyry-style copper mineralization has been intersected at depth and lateral to the diatreme body.
NGEx has conducted several exploration campaigns on the Filo del Sol Project including geochemical sampling, magnetics, IP/Resistivity surveys and 38 drill holes. The last drilling on the property took place during early 2008. This work has outlined a large body of mineralized material but is not yet sufficient to permit calculation of a resource. In 2009, the Corporation conducted a deep penetrating IP/Resistivity (MIMDAS) survey across the diatreme complex. This work outlined an upward flaring structure that is coincident with the mapped area of the diatreme. A review of project data during 2010 identified several compelling near surface gold targets in the northern part of the project area.
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.
