Project with potential Fe-Cu (Au)
The Montevideo Project is located in Region I, 30km east of Iquique and 12km west of Pozo Almonte, adjacent to the La Tirana Mine, which has two operating banks along a N80E main fault. The area was identified by exploration in the framework of a program with Au interest in sectors of old activities. In an area of 2km per 1km different samples were found with mineralization of Fe oxides (magnetite, specularite, etc.), subordinate copper oxides and crystalline quartz veins, which have two types of mineralization (massive veins and lenticular bodies) related to structures with a width that oscillates between 0.5 and 2 meters. Approximately 50% of the area is covered, but it stands out for the strong structural control N80E (trend mineralizer), where it is possible to discontinuously identify the main structure over several kilometers. This project has geological mapping and geochemical sampling in old trenches and recently recognized structures during field mapping, has ICP and Au analysis (with values ranging between 15 and 30% Fe, between 0.5 and 2% CuS and as by-product anomalies of Au). All of the above within the SQM concessions in the sector (greater than 1,000 hectares).
Ricardo Gonzalez Montecinos
Exploration and New Metal Business Manager
In lithology aspects, the geology of Montevideo is characterized by marine sequences represented mainly by Upper Jurassic limestone (Fm Santa Rosa) and Lower Cretaceous intrusive represented by granites, monzonites and granodiorites (Montevideo Intrusive Complex).
The current model of this project is a vein type system with economic interest values of Fe-Cu-Au (IOCG?), With favorable covered areas to intercept structures with new mineralizing volumes of great geological potential. Finally, it is important to note that a large part of the work was concentrated in mineralized areas and with structural evidence, where drilling targets have been defined that allow validating structural models with great economic potential.
This project has easy access, is 8km from the 16-Norte highway (Iquique-Ruta 5 Norte) and is approximately 12 km west of Pozo Almonte. It comprises a total area greater than 600 hectares.