| Rio Figueroa Project |
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Rio Figueroa |
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Country |
Chile
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Status |
GREEN EXPLORATION
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Latitude / Longitude |
27 S 51 / 69 W 45 |
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Legends
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Explores for
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Copper - Gold -
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| Risk and valuation analysis of the Rio Figueroa Project |
| Status Risk : Green exploration |
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| Title(s) of the Rio Figueroa Project |
 | New Gold Inc.
Option on interest: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| On June 16, 2008, New Gold Inc's subsidiary, Minera Metallica Resources Chile Ltda. entered into an agreement with Antofagasta Minerals S.A. (Antofagasta), a Chilean company and wholly owned subsidiary of Antofagasta PLC, whereby Antofagasta has the option to earn up to a 70% interest in Metallica's Rio Figueroa copper-gold project. The Rio Figueroa project is currently 100% owned by Metallica |
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| Location of the Rio Figueroa Project |
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The Rio Figueroa copper-gold project is located approximately 17 km west of Kinross Gold Corporation/Bema Gold Corporation's Refugio gold-copper mine and approximately 80 km southeast of the city of Copiapó in Chile. Like El Morro, located 125 km to the southwest, Rio Figueroa is situated along one of the most prolific copper belts in the world
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| Geology of the Rio Figueroa Project |
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Drill results have defined a core zone of copper-gold mineralization of 400 by 500 meters, extending to a vertical depth of approximately 400 meters. The core zone occurs within a broader two square kilometers area of hydrothermal alteration with anomalous copper-gold mineralization. The Cerro Matta target remains open in three directions and at depth.
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Data last updated on : 10/16/2008
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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