Risk and valuation analysis of the El Morro Project |
Status Risk : Feasibility |
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Title(s) of the El Morro Project |
| Goldcorp Inc. Joint venture: 70% |
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Title | Company Profile | All Projects | Company website | Company project page |
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| New Gold Inc. Joint venture: 30% |
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Title | Company Profile | All Projects | Company website | Company project page |
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In 1999 the Company acquired a 100% interest in the La Fortuna area exploitation concessions from BHP, after having purchased 50% in 1998. The El Morro deposit area, located five kilometers northwest of the La Fortuna deposit area, was acquired by st more... |
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Location of the El Morro Project |
The El Morro project is 3,600 hectares and is located approximately 650 km north of Santiago and 80 km east of the city of Vallenar in northern Chili, along one of the most prolific copper belts in the world.
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History of the El Morro Project |
BHP Chile S.A. began work on the La Fortuna deposit area in the early 1990s and completed limited drilling on the La Fortuna and Cantarito copper-gold targets, and on the El Negro gold target.
In 1999 the Company acquired a 100% interest in the La more...
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Geology of the El Morro Project |
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The El Morro district is located within a 16 km wide north-trending graben structure that was uplifted by major reverse faults. The western graben-fault could correspond to the south extension of the Domeyko fault system, the main controlling feature more...
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Production Objectives |
Metal | 2024 | 2025 |
COPPER (lbs) | 450,000,000 | 450,000,000 |
GOLD (oz) | 300,000 | |
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