Guamanga

Overview

The Guamanga Copper-Gold Project is located approximately 750 kilometres north of Santiago in Region III in Chile and comprises approximately 11.2 square kilometres in total area.  Access to the Project site is excellent with the Pan-American Highway located only 30 kilometres to the west and a major airport a 60 minute drive to the south on existing public highways/roads.

The Project mineralisation style appears to correspond to a potential Iron Oxide Copper Gold (IOCG) system.   A good example of an IOCG deposit is Anglo American's large Mantoverde Mine, located only 15 kilometres to the north of the Guamanga Project.  According to Herencia's geologists, the Guamanga Project displays evidence of a potential IOCG mineralisation system with:

  • Abundant iron oxides (limonites) and primary magnetite and hematite;
  • Copper mineralisation apparently associated with the iron oxide as breccias and stockwork;
  • Iron-gold-copper veins and mantos mineralisation; and
  • Copper, gold, cobalt and molybdenum anomalies at surface.

Drill testing of these targets returned significant copper and gold mineralisation at shallow levels:

  • Hole 1 – 8 metres at 1.55% copper and 0.53 g/t gold from 36 metres
  • Hole 2 – 2 metres at 2.69% copper and 0.33 g/t gold from 9 metres
  • Hole 2 – 6 metres at 2.20% copper and 1.34 g/t gold from 42 metres
  • Hole 3 – 3 metres at 2.88% copper and 2.58 g/t  gold from 34 metres

The Company is seeking a joint venture partner to advance the Guamanga project.

Guamanga Project Location

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