GSC finalises permitting and approvals for drilling at Cerro Negro

Highlights:

• Permits and authorisations for drilling completed with proposed start date in two weeks.
• Drilling contractor appointed and site inspections completed.
• Diamond drilling to target high-grade Cu-Ag-Au mineralisation at Mostaza mine testing down-dip and along-strike extensions of the mineralised zone.
• Initial plan for up to 5 – 10 diamond and RC drill holes for up to 500 – 1000 m.
• Scout RC drilling continuing at Viuda prospect targeting porphyry type mineralisation.

Cerro Negro is situated within the company’s Especularita project, which is ideally located close to national infrastructure including main highways, powerlines, and towns. The project is located 170 km from the port city of Coquimbo, and 130 km from Antofagasta Minerals’ copper concentrate port at Los Villos. The area lies at an elevation between 800 and 1200 m and is accessible year-round for all exploration and mining activity.

The project is located within the north-south trending Cretaceous metallogenic belt that includes Teck’s Carmen de Andacollo Cu-Au Mine 80 km to the north, and Pucobre’s El Espino Cu-Au development project 30 km to the south. At Especularita, this under-explored belt intersects with a northwest-trending structural corridor that controls the ‘Colorada’ advanced argillic lithocap, and extends to the Piuquénes porphyry Cu-Au deposit in Argentina.

Sam Garrett, CEO of Great Southern Copper, said:

“This result concludes many months of hard work by our team in Chile and we are looking forward to getting started with our drilling plans.

“Diamond drilling will initially focus on drilling out the known high-grade copper-silver-gold mineralisation at the Mostaza mine, before expanding along trend to the south where our recent exploration results have confirmed evidence of similar mineralisation at surface.

“The upcoming drill campaign at Cerro Negro builds on the momentum of the recently initiated scout RC drilling at the Viuda prospect. With the drill programme progressing well, we look forward to reporting the results of this work soon.”

Read the article online at: https://www.globalminingreview.com/mining/19122024/gsc-finalises-permitting-and-approvals-for-drilling-at-cerro-negro/