Vicuna Area Projects

Argentina/ChileVicuna Area Projects

Vicuna - Located Among Giants
  • Intersection of the prolific El Indio and Maricunga gold/copper belts
  • Multiple, large copper/gold and gold systems identified
  • Significant recent drill results
  • Major exploration upside
  • Bilateral protocol in place between Chile and Argentina which will aid any potential future mine developments
  • Partnership with JOGMEC (Japan)
The Vicuña Property comprises a large land package of approximately 40,700 hectares that covers a number of porphyry copper and high sulfidation gold targets in San Juan Province, Argentina and immediately adjacent parts of Chile. The Vicuña Properties are subject to a Joint Venture Exploration Agreement (the "JOGMEC Vicuña JEA") with Japan Oil, Gas and Metals National Corporation (JOGMEC) in which the Corporation is the operator and holds a 60% participating interest and JOGMEC holds a 40% participating interest.

The Property occurs in the relatively unexplored gap between the two major copper-gold belts along the Chile/Argentina border - the Maricunga Belt to the north and the El Indio Belt to the south. These belts host many large gold and copper deposits, including Veladaro, Pascua-Llama and Cerro Casale. The Vicuña area is emerging as an important copper-gold belt with two major deposits, Caserones and El Morro currently being developed.

The Vicuña Property includes several copper-gold targets that have been explored in the past including Josemaria, Los Helados and Filo del Sol. Josemaria is the most advanced project, with an Inferred resource of 460 million tonnes at a grade of 0.39% Cu and 0.30 gpt Au. Los Helados currently has the longest and best-grade drill intersections, highlighting its potential to develop into a second significant resource with additional work. Filo del Sol is the earliest stage project, but covers the largest alteration zone and contains both precious-metal rich high-sulphidation mineralization as well as porphyry copper-gold mineralization. Filo del Sol also contains a large zone of copper oxide mineralization at surface.