Resumen: La empresa Altura Minerals (BVL:ALT) informa que los dos contratos de opción con Sociedad de Inversiones Gema Limitada, empresa de exploración minera en Chile, para adquirir el 100% de sus proyectos de oro - (+/-) cobre, Marilin y Quispe, han sido formalmente inscritos en el Conservador de Minas de las jurisdicciones de Copiapó y Diego de Almagro al norte de Chile.
Miguel Cardozo, Presidente y CEO de Alturas comentó que los proyectos de Marilin y Quispe representan un avance muy importante para la empresa en Chile. Con esto, Alturas ha consolidado una cartera de proyectos de alta calidad en el cinturón rico en mineral "Maricunga", que alberga más de 92 millones de onzas de oro y 13 millones de libras de cobre en recursos conocidos. La empresa ha completado un exitoso primer estudio geológico y geoquímico de ambos proyectos con resultados positivos, los cuales ameritan seguimiento de los trabajos para definir objetivos de perforación.
Alturas Reports Formal Registration of the Marilin and Quispe Agreements in Northern Chile
TORONTO, ONTARIO--(Marketwire - Nov. 13, 2012) - Alturas Minerals Corp. (the "Company") (TSX VENTURE:ALT)(LMA:ALT) is pleased to report that the two option agreements with Sociedad de Inversiones Gema Limitada ("Inversiones Gema" or the "Owner"), a Chilean mining exploration company, to acquire 100% of its Marilin and Quispe gold-(±copper) projects have been formally registered at the Mining Conservator ("Conservador de Minas") of Copiapo and Diego de Almagro jurisdictions in northern Chile.
Miguel Cardozo, President & CEO of Alturas commented that "The Marilin and Quispe projects represent a very important development for the Company in Chile, one of Latin America's premier mining jurisdictions. Alturas has now consolidated a high-quality project portfolio in the mineral-rich Maricunga belt, which hosts over 92 million ounces of gold and 13 billion pounds of copper in known resources, and we have completed a first successful geological and geochemical study of both projects with positive results that merit follow up work to define drill targets".
Option Agreements
Under the terms of previously signed letters of intent, Alturas had paid the sum of US$5,000 to Inversiones Gema upon the execution of each of the LOIs (US$10,000 in total) on May 30, 2012 and has completed a technical and legal due diligence, after which signed formal Option Agreements with Inversiones Gema to acquire 100% of the Marilin and Quispe properties and paid the sum of US$25,000 to Inversiones Gema upon the execution of each the option agreements (US$50,000 in total). Alturas has now received formal confirmation that the agreements have been validated and registered at the corresponding registries in the Mining Conservator of Copiapo and Diego de Almagro and are therefore fully in force.
If Alturas decides to execute any or both of the Option Agreements, the Company will have the option to acquire the projects over a term of four years by making staged cash payments to the Owner for a total of US$3.325 million for each of the projects (US$6.65 million in total if both option rights are exercised) over the four year period. Once Alturas exercises the option and the mining properties are transferred to Alturas, Gema will also be entitled to receive a 1.5% NSR royalty payment once commercial production starts in any of the mining properties.
The Maricunga gold-copper Belt
The Maricunga Gold Belt extends approximately 150 kilometers north-south and 30 kilometers east-west, straddling the border between Chile and Argentina. The mineral deposits hosted are often very large, low-grade porphyry gold (± copper) type. The Maricunga belt hosts over 92 million ounces of gold and 13 billion pounds of copper in resources, including ore deposits such as Jerónimo (3.4M oz Au), Chimberos (30.0M oz Ag), La Coipa (4.9M oz Au eq), Maricunga (3.6M oz Au), Marte-Lobo (6.9M oz Au), La Pepa (3.4M oz Au), Volcan (8.9M oz Au), Refugio (10.4M oz Au), Caspiche (26.4M oz Au and 6.7B lb Cu), and Casale (25.9M oz Au and 6.8B lb Cu).
The Marilin Gold-(±Copper) Project
The Marilin project is located 95km ENE of the Copiapo city at an altitude of 3,650 meters above average sea level, and is accessed through a dirt road extending from Puquios until Vegas La Junta. The total size of the mining properties included in the agreement is 1,600 hectares but, due to the overlaps with underlying properties, the actual area available to Alturas is expected to have a size of between 800 and 1,200 hectares, which will be confirmed by the ongoing due diligence and surveillance on the mining titles.
The geology is dominated by a quartz-porphyry of granodioritic composition intruding a volcano-sedimentary sequence. Both rock types are affected by silicic-argillic alteration (including kaolin, alunite and phillic assemblages with disseminated sulphides) and peripheral propilitic alteration. High-grade gold veins containing 10 to 100 g/t gold have been historically mined by artisanal miners in the northern part of the property. The porphyry shows zones with mutiphasic and stockwork-type quartz-veinlets and hydrothermal breccias, both with sulphides and Fe-oxides containing 0.5 to 1.0 g/t gold (as reported by Inversiones Gema). Besides gold anomalism, silicic-argillic altered rocks show silver values around 110 g/t and copper contents between 150 and 400 ppm.
The Quispe Gold-(±Copper) Project
The Quispe project is located 165 km NE of the Copiapo city and 45km NE of the town of Inca de Oro at an altitude of 3,450 meters above average sea level and is accessible by a dirt road from Inca de Oro until a point within 3km of the project area. The total size of the mining properties Quispe 2 to 9 is 1,510 hectares but, due to the overlapping with underlying properties, the actual area available to Alturas is expected to have a size of around 1,120 hectares, which will be confirmed by the ongoing due diligence and surveillance on the mining titles.
Both the high-grade material (>100 g/t Au, >3% Cu, >50 g/t Ag selected ore) found in the artisanal mine workings and other mineralization reported from the area correspond to the uppermost, epithermal part of a porphyry system, partially covered by volcanic and sedimentary rocks. The exposed part of the mineralized system covers a 2km 2 area comprising high-grade epithermal veins, hydrothermal breccias, stockwork-veining and porphyry bodies with intense silicic-argillic alteration. Epithermal mineralization occurs within a 400m-long by 10 to50m-wide zone, and mine workings reach a depth of 60m, bottoming in mineralization.
Seven rock samples have been reported by Inversiones Gema. Three of them (M1, M2 and M3) taken from the epithermal area that was not previously uncovered by artisanal miners reported 0.46%, 1.70% and 0.23% copper and 125.9 g/t, 37.7 g/t and 9.1 g/t gold, respectively. One sample (M7) was taken by Inversiones Gema from the old mine workings and reported 6.25% copper and 32.8 g/t gold. The mineralization in these workings extends vertically for at least 40-60 meters, containing bornite, calcosite and chalcopyrite. Another sample (M6) corresponds to the altered porphyry and has reported 6.25% copper and 1.2 g/t gold and two other samples (M4 and M5) came from outcrops with copper oxide mineralization reporting 5.12% and 1.62% copper and 3.6 g/t and 9.0 g/t gold, respectively.
As required by the National Instrument 43-101, Alturas's designated Qualified Person for the supervision of exploration of the projects is Dr. Paul Pearson, F. AUSIMM, who has reviewed the technical information reported in this News Release.
Should you wish to receive Company news via email, please email investor@alturasminerals.com and specify "Alturas News" in the subject line.
Cautionary Language and Forward Looking Statements
The TSX Venture Exchange and the Bolsa de Valores de Lima do not accept responsibility for the adequacy or accuracy of this release.
Contact Information:
Alturas Minerals Corp.
+ 51-1-372-3739 (Lima, Peru)
+ 1-416-363-4900 (Toronto, Canada)
investor@alturasminerals.com
www.alturasminerals.com
Fuente: http://tmx.quotemedia.com/article.php?newsid=55841142&qm_symbol=ALT
0 comentarios: