ESCALONES
The Escalones copper-gold-molybdenum porphyry and skarn prospect in central Chile is located approximately 100 km south-east of Santiago by road. The property is 35 kilometres east of El Teniente, the world’s largest underground copper mine, and shows high grades at surface at over >1% copper with significant gold, silver and molybdenum credits. Exploration has focused on a large, 4 square kilometre area of alteration, and shallow drilling has intersected zones of 75 to 100 metres grading over 1% and a single deeper hole intercepted 176 metres of porphyry mineralization grading 0.6% copper. These grades and significant widths of mineralization indicate the presence of a strong mineralizing system at Escalones.
At Escalones the Company is presently completing geological modeling to incorporate all new information and is considering initiating a new exploration program at this high potential copper-gold porphyry project. The Company intends to advance the property to the resource definition stage either through further exploration on its own or with a partner. |
