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Chilean Metals Inc.
Summary
| Project: | Zulema | |
|---|---|---|
| Deposit: | Zulema | |
| Location: | Chile | |
| Commodities: | Copper-Gold | |
| Date: | 2/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2017: Chilean Metals Inc. announces an Exploration/Drilling Update report for its Zulema deposit at the Zulema project. Drilling results incl. 2m @ 1.189% Cu, 0.99g/t Au from 285.32m. Chilean Metals Inc is pleased to provide an update on the drill pr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gary Lohman (Internal) | |
| ABSTRACT: | Chilean Metals Inc is pleased to provide an update on the drill program currently underway on the Zulema project located near Copiapo, Chile and 30 Km's from Lundin Mining’s Candelaria mine. With Candelaria as a model, the exploratory drill program is testing two geologically distinct targets: a 1+ square km. area of intense garnet scapolite skarn breccia (Skarn Target) and a large Induced Polarization chargeability anomaly on its eastern flank. (IP Target) Initial drill results support that host rocks, alteration and mineralization all fit the Candelaria model. The presence of copper-bearing magnetite skarn, interbedded magnetite chalcopyrite bands, biotite magnetite alteration, magnetite and hematite veining and local mineralized breccias suggests proximity to a main mineralized target. “Our Geologists & Geoscientists are very encouraged with our results to date. While highlighted results are across narrow widths, they prove that high grade IOCG mineralization is present in this system. While Hole #2 was sub economic, the numerous sections and widths shows we are in a copper bearing system. With the assistance of Minotaur Exploration (Australia), the data will undergo further review by our Technical Team, enabling them to refocus their understanding so future drilling can help us achieve our ultimate objective of a commercial discovery.”, commented Patrick J Cruickshank, President & CEO. | |
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