Overview
Cerro Buenos Aires lies within the Paleocene volcanic belt of northern Chile, which hosts significant copper deposits such as Cerro Colorado (BHP) and Relinch (Nueva Union-Teck-Goldcorp). The project targets large outcrop areas that display characteristics of upper portions of a porphyry copper system and additional aspects of a high-sulfidation precious metals system.
Historical operators completed heli-borne magnetics and TEM that resulted in multiple anomalous zones interpreted as magnetite-destructive advanced argillic alteration. Historical drilling targeted magnetic highs that were thought to be associated with hypogene porphyry copper centers. However, the 3, 300-meter drillholes, completed by Teck, did not drill deep enough to test the potential of the system.
The property was acquired from Revelo Resources in 2020.
Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.
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