Junior Western America Resources (WAR-A) can earn up to an 80% interest in two properties in the Maricunga belt of northern Chile by spending $625,000 on exploration over the next 27 months.
The company can buy the remaining interest in each property by paying $250,000, plus $750,000 in cash or shares.
The Piedra Amarilla land package comprises related volcanic cinder cones of late Tertiary age, where epithermal alteration and precious metal mineralization show up as rusty anomalies.
The 400-ha Carolina land package contains late Tertiary volcanic formations that have been altered by multiple-stage hydrothermal intrusions. Most of the property is exposed as an alteration zone, and the rest is overlain by shallow flows of volcanic ash amenable to shallow trenching and drilling.
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