Potential Mining Property in the Atacama Region

  • USD 5,000,000
Chile, Copiapó
Mining
Potential Mining Property in the Atacama Region
Chile, Copiapó
  • USD 5,000,000

Overview

  • Farm
  • Property Type
  • 2.271 ha
  • Lot Size
  • 2029
  • Property Code:

Description

The Agrandada Project is located in Region III of Chile. It is in a straight line 30 km SE of Copiapó City and 20 km SE of Candelaria Mine (Lundin Mining). And 75 km NE of Desierto de Atacama Airport. The access is easy following the C-35 paved road parallel to the Copiapó River to the south, deviating to the east by mining road C-405 at the height of Villa María. You go east through the Quebrada Salamanca until you reach the exploitation area on a peninsula of low relief (elevation 1300 m asl.). Easy access to energy is achieved through nearby high voltage lines and 75 km’s proximity to a seawater—mining—friendly district without relevant environmental and community problems. There are approximately 22.7 km2 of mining property (approx. 2271 hectares).

History
The historical data highlight a series of small pits and underground mines that produce copper. The project includes surface mapping, geophysics data (IP and Aerial Magnetometry) and chip samples, with economic copper mineralization observed in the mining artisanal labour.
Geology
The area is controlled by large regional geological structures NNE, known as the Elisa de Bordo Structural System. This system controls different intrusive precursors of Paleocene, of dioritic composition, cut by fertile quartz-monzonitic intrusive of age 59 ma, and possibly their physical alteration and mineralization are still a little younger. These intrusive cut to the east a sequence of sedimentary volcano rocks of the Hornitos Formation from 80 to 65 ma (Upper Cretacic). This formation is also present in various domes and dacitic flows. The Cerrillos Formation (volcanic-sedimentary) is east of the intrusives.

Style of mineralization – potential
The area contains substantial mineralization, lithology, and alteration evidence, which can classify these ore deposits as Porphyry Copper Cu – Mo – Au style. Metallogenetically, the project is located in the Paleocene Porphyry Cu belt and nearly 20 km to the west of the IOCG belt (Candelaria Mine and Punta el Cobre Belt). So far, oxidised copper ores have been exploited in several small mining works and tunnels with grades that fluctuate around 1.5 to 2.5% copper. Molybdenum anomalies higher than 70 ppm were found on average.
The mineralized rock is intrusive, and under the microscope, it is defined as Quartz-Monzonitic porphyry, coarse to medium grain, with biotite altered to quartz with sericite and hematite and veinlets with copper oxides (brochantite and atacamite). Potassic feldspar and hydrobiotite give realistic potassic alteration.

Address

  • Department/Province: Copiapó
  • Country Chile

Details

Updated on June 17, 2024 at 2:53 pm
  • Property Code:: 2029
  • Asking Price: USD 5,000,000
  • Land Area: 2.271 ha Size
  • Property Type: Farm

Contact Information

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Pablo Engel
  • Pablo Engel

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Pablo Engel
  • Pablo Engel