An option to earn a 75% interest in three Chilean copper-gold properties has been obtained by Black Cliff Mines (TSE) from a private Chilean company. The first property, Los Navarros, comprises 1,615 hectares and is in the Vallenar area of the Atacama region. The property lies between LAC Minerals’ El Indio gold mine to the east, and Gold Fields’ Estacas property to the west. Los Navarros was tested by two drill holes in 1968 and saw some small-scale mining activity by local prospectors in the past.
The second group, known as Liliana, comprises 850 hectares in the Atacama region and hosts copper-silver-gold mineralization near the contact of a felsic intrusive and overlying volcanics. The property contains a former gold producer where material ranging from 6 to 19 grams gold per tonne was mined to a depth of 150 metres in the early part of this century.
The third property, Las Lomas, comprises 2,400 hectares near the city of Ovalle in the Coquimbo region. Several gold-copper veins occur on the property and local miners have been extracting grades of 200-600 grams gold from some of the veins.
Black Cliff said it is hoping to explore the properties through joint venture agreements with senior mining companies.
Be the first to comment on "Black Cliff options properties in Chile"