 |
| |
Los Helados
The Los Helados target is a large porphyry system with overlying epithermal zones. Copper mineralisation has been intersected within porphyritic andesite/dacite and within surrounding altered granite.
The Los Helados target is located within the 5,123 hectare Los Helados property that was staked in 2004/2005 and is 100% owned by the Company. The Los Helados property is located in Copiapo Province of northern Chile, with easy access from the city of Copiapó (2.5 hrs drive). The property is located several kilometres south of the leachable copper project called Regalito (since renamed Caserones Project by its Japanese owners).
The Los Helados property is subject to the same joint exploration agreement as Filo del Sol. The Company will have an initial 60% interest in the joint venture and will fund its pro rata share of all expenditures.
The 2010 drill program comprised 7 diamond drill holes (LH-05 to 11) totaling 4,407metres of which 3,189 are reported (LH-05 to 08). The holes were all significant step outs from LH-04 completed in 2009, which intersected 762m of 0.43% copper and 0.22 grams/tonne gold including 345m of 0.57% copper and 0.21 grams/tonne gold. The results of the 2010 drill program confirm the presence of a large mineralized porphyry copper system that extends approximately 1,000 metres north-south and 700 metres east-west. The system is open to the north and east. The drilling as well as surface mapping and sampling completed during the field season also confirm the potential for high sulfidation gold mineralization in the upper (eastern) portions of the Los Helados system.
Maps and Photos
| | |
