| Minas Chanca Project |
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Minas Chanca |
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Country |
Peru
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Close to |
Oyon |
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Status |
ADVANCED DISCOVERY
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Surface |
12 km² / 2,965 acres |
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Legends
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| Risk and valuation analysis of the Minas Chanca Project |
| Status Risk : Advanced discovery |
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| Title(s) of the Minas Chanca Project |
 | Focus Ventures Ltd
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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 | Buenaventura
Option on interest: 75% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Buenaventura can earn a 75% interest in the claims by spending US$3 million in exploration and development over a period of three and a half years, of which $1 million is committed to be spent within the first 18 months. The work program during the option period will include no less than 3,000m of diamond drilling. |
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| Location of the Minas Chanca Project |
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The mine is located midway between the towns of Oyon and Cajatambo, some 160km north of the Peruvian Capital, Lima, at altitudes of 4,400 -- 4,900 m a.s.l.
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| History of the Minas Chanca Project |
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References to mining at Minas Chanca date back to 1712 during Colonial times. Initially ore was produced by open pit along the Discubriadora vein, which was known for its richness in silver. Spectacular high grade silver in "boyos" (shoots) were exploited. However the most important vein was the Candelaria vein, which during early production reportedly yielded grades of 50 to 75 oz/t of silver.
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| Geology of the Minas Chanca Project |
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Production was from at least 20 veins and splits of various orientations that cross-cut lower calipuy andesites and volcanic breccias. The majority of ore came from 3 principal veins, Candelaria, Tarazca and Santo Toribio, which trend N050E. Other ve more...
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Data last updated on : 5/26/2010
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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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