AGRANDADA PROJECT

AGRANDADA PROJECT

Locatión
Agrandada Project is located in Region III of Chile. It is located, in a straight line 30 km SE of Copiapó City, and 20 km SE
of Candelaria Mine (Lundin Mining). And 75 km NE of Desierto de Atacama Airport. The access is easy following the C-35
paved road parallel to the Copiapó river to the south, deviating to the east by mining road C-405 at the height of Villa
María. You go up east through the Quebrada Salamanca, until you reach the exploitation area on a promontory of low
relief (elevation 1300 m osl.). Easy access to energy through nearby high voltage line and 75 km proximity to sea water.
Mining friendly district, without relevant environmental and community problems. There are approximately 22.7 km2 of
mining property (approx. 2271 hectares).

Candelaria Mine

N6.950.000

CANDELARIA
MINE AGRANDADA
PROJECT

N6.940.000

AGRANDADA PROJECT
Agrandada Project
LOCATION MAP
III Region of Atacama AGRANDADA PROJECT
E370.000

E380.000

E390.000
CANDELARIA MINE

Figure N° 1: Location Map. Candelaria Mine is located approx. 20 km to the west.

History
The historical data highlight a series of small pits and underground mine with production of copper. The project includes
surface mapping, geophysics data (IP and Aerial Magnetometry) and chip samples, with economic copper mineralization
observed in the mining artisanal labor.

Geology
The area is controlled by large regional geological structures NNE, known as Elisa de Bordo Structural System. This
system controls different intrusive precursors of Paleocene, of dioritic composition, in turn cut by fertile quartz-monzonitic
intrusive of age 59 ma, and possibly their phyllic alteration and mineralization is still a little younger. These intrusive cut to
the east a sequence of sedimentary volcano rocks of the Hornitos Formation from 80 to 65 ma (Upper Cretacic). This
formation also presents in the area various domes and dacitic flows. To the east of the intrusives is the Cerrillos
Formation (volcanic - sedimentary).

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Style of mineralization - potential

The area contains strong evidences on mineralization, lithology and alteration can classified this ore deposits as Porphyry
Copper Cu – Mo – Au style. Metallogenetically the project is located in the Paleocene Porphyry Cu belt, and near 20 km
to the west with IOCG belt (Candelaria Mine and Punta el Cobre Belt). So far the exploitation of oxidized copper ores has
been carried out in several small mining works and tunnels with grades that fluctuate around 1.5 to 2.5% copper.
Molybdenum anomalies higher than 70 ppm were found on average.

The mineralized rock is a intrusive, which under the microscope is defined as Quartz-Monzonitic porphyry, coarse to
medium grain, with biotite altered to quartz with sericite and hematite and veinlets with copper oxides (brochantite and
atacamite). Relictic potassic alteration is observed, given by potasic feldspar and hydrobiotite.

59 ma

Figure N° 2: Geological Map. Hydrothermal Breccia

Diorite and Dioritic Porphyry (hypabisal)
Alluvium Small mining works
Hornitos Formation (b: Limostone and sandstone) Ancient mining works
Cerrillos Formation (Volcanic and continental sediments) Quartz-Monzonite (Fertile Porphyry)
Ancient alluvial and colluvial deposits Granodiorite (Precursor Porphyry)
Hornitos Formation (f: basaltic and trachitic flows) Fault
59
m.a. Geochronology (K/Ar) in Qz-Monzonite

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East North Level Cu (%) Au (g/t) Comments

384889 6937923 1701 1.45 0.471 Grab of altered andesite with gypsum veins diss digenite and scattered Cuox
386229 6935940 1702 2.08 <0.005 Manto at contact of andesite agglomerate and fine grained sediments
386067 6935574 1703 1.13 0.006 3 m chip across zone of Cuox in fine grained tuff
386496 6938350 1712 0.01 <0.005 5 m chip on pit wall of diotied with 2% diss py and sparce very thin quartz Feox vein lets
386502 6938350 1714 0.02 <0.005 6 m chip oxidized diorite withy sparse veining, no Cuox
386504 6938350 1715 0.16 0.030 Select of veining in 1714
386492 6938347 1716 0.62 <0.005 1 m chip from outcrop floor of exploited zone, altered diorite with abundant black and redish oxides and minor Cuox
386515 6938361 1717 0.65 <0.005 7 m chip on ESE pit wall, weakly brecciated diorite and quartz diorite with abundant black and redish brown oxides, very minor Cuox
386483 6938319 1718 0.82 <0.005 9 m chip across altered oxidized porphyry with scat Cuox and abundant Feox in clots and fractures, no veining
386616 6937192 1719 0.08 <0.005 9 m chip across argilized, Feox stained diorite? West of contact with gray fine grained tuffs, variably sheared, Cuox at contact
386598 6937192 1720 0.40 <0.005 Dump from shaft, porphyritic and fine grained intrusive with diss Feox diss py and clots of chalcocite
386497 6937285 1721 0.14 <0.005 10 m chip across argilized bleached fine grained feox stained andesite with minor Cuox
386509 6937288 1722 0.06 <0.005 Grab of dark gray fine grained rock with sulfide casts and patches of Cuox and dusting of fine blak mineral
386594 6937141 1723 0.41 <0.005 4 m chip across cataclastically sheared porphyry with minor Cuox
386562 6937172 1724 0.01 <0.005 12 m chip across strongly argillized and hematite limonite stained zone with a relict breccia texture.
386569 6937453 1725 0.03 <0.005 18 m sample of creek outcrop of variably altered and fractured andesite intrusive?
382303 6940862 1726 1.18 <0.005 Defensa, grab from dump from large cut, silicified andesite with diss fine sulfide and Cuox
384231 6938240 1805 1.81 <0.005 Grab from large pit in Rosario target, copper oxide ore

Table N° 1: Samples collected in the Agrandada Project.

Figure N° 3: Chargeability 100 m depth, in Agrandada Mine. In orange color small mining works.

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Calculated
Resistivity

L1001 N
Average
Chargeability

Resistivity

Chargeability

Figure N° 4: IP Geophysical
Secction Geological L1001 N, and
geological interpretation
interpretation

MAJOR STRENGTHS
➢ Lithology: Intrusive fertile hipabisal porphyry. (Right)
➢ Alteration Age: Paleocene (Right)
➢ Structural control: NS Regional Faults, NE and NW. Lithological contact by fault are important metallotects that produce alteration and mineralization. (Rigth)
➢ Alteration: Indications of Potassic and Phyllic alteration. (Right).
➢ Geophysic: Magnetometry & IP correlationed with litho, structures and mineralization tipycal of Porphyry Cu-Mo-Au style (Right).
➢ Geochemistry: Good correlation with PCu, including anomalies in Cu, Au, Mo (Right).
➢ Type ore body: PCu-Mo-Au (including strong breccias, veins, and disseminated mineralization) (Right).
➢ Historical exploration: Exploration of the district only by deposit IOCG style and stratabound. However, the Agrandada area presents Porphyry Cu type mineralization. (Right).
➢ Infrastructure: Good roads, close miner cities, and power line nears to the project. Accommodation and food near. Environment and friendly community (Right).

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Sample 1721 – Argillized, Bleached and Leached Andesite?

(0.14% Cu)
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