Mining Prospection Terraces Project

Description: The Project consists in executing 8.887 (ML) linear meters of diamond type drilling, distributed in 101 mining drill rigs, to be carried out in a strip that runs along the X-65 route, (for about 5 kilometers), which goes to the border crossing Ingeniero Ibáñez- Pallavicine. The Project area is located approximately 3.5 km from the commune of Rio Ibáñez, and 116 km south of the city of Coyhaique in the Region of Aysén. The 8,887 ML of mining drill holes will be made by the diamond type drilling method in a depth range between 25m and a maximum depth of 220m. The average depth is 88m. The drilling program will be carried out with two (2) drilling rigs, executing 2-in-2 wells. Complementing the execution of 101 drilling wells, it is envisaged to enable and / or construct footprints or access roads to the drilling platforms. All the legal provisions and regulations contained in this EIS shall be deemed applicable to the project, without prejudice to those that refer to the special laws related to health and safety of work, safety and those of the Sanitary Code as well as those of the competent bodies. The background for the corresponding Sectorial Environmental Permits is incorporated in this DIA. This Environmental Impact Statement (EIS) of the Project "Katterfeld Mining Project" (hereinafter the Project) of Redhill Chile SpA (hereinafter the owner), which is subject to the Environmental Impact Assessment System, SEIA, is intended to evaluate compliance with applicable environmental legislation and territorial compatibility of projected prospecting activities. In the main, the Project considers: 101 prospecting drilling with its respective platforms and access roads in a direct intervention area of approximately 9.56 Ha. Objective The Project "Prospección Minera Terrazas", hereinafter the Project, is a mining prospecting project, which is conceived within the mining prospecting program, which Redhill Chile SpA has defined for the years 2017-2021. Redhill Chile SpA is the owner of the mining properties that cover the area where the mining prospecting will be carried out. "Mining Prospecting Terrazas Project" aims to minimize the geological uncertainties associated with the concentrations of mineral substances of economic interest present in the area.