Mar 10, 2010

Project: Farellon

The Farellon project is located in the highly prospective Candelaria Iron Oxide Copper-Gold belt. Recent activity in the belt includes:

Latitude Resources (LTR) has been exploring in the region since 2003 and in May 2006 reported an inferred resource of 11.2 MT at 0.64% Cu and 0.14 g/T Au in oxides and 15.82 MT at 1.12% Cu and 0.31g/T Au in sulphides at their Filipina Grande Project.

HudBay Minerals Inc has been exploring the San Antonia mine since 1996 and have reported a probable reserve of 600,000T grading 1.16% Cu in veins, a probable reserve of 100,000T grading 1.47% Cu in surface dumps and an inferred resource of 7.8MT grading 0.47% Cu in veins.
  • 45 minute drive from Vallenar (population 47,000)
  • 40 km from Pan American Hwy
  • 40 km from major power lines
  • Easy road access
  • Water supply 15 minutes away
  • Property was unavailable until summer

>> View NI 43-101 technical report on Farellon

>> View claims surrounding Farellon