Pre-feasibility Mining Probes Las Tejas

Description: As part of the geological studies that are essential for the project and in order to minimize geological uncertainties, Compañía Minera Vizcachitas Holding (CMVH) requires mining prospecting activities to be carried out through drilling at carry out during the years 2019 to 2023, in order to obtain the information required to make the geological model of a possible copper deposit. The licensee plans to execute up to 350 diamond-type and reverse air drillings (drillings), with an average length of 750 meters. Drilling will be carried out on 73 new platforms and 51 pre-existing platforms, with each platform being able to have up to 4 drillings. Prospecting activities will be carried out for 4 years (48 months), considering activities such as: construction of drilling platforms, conditioning of pre-existing access tracks, construction of drilling mud settling pools, construction of sanitary infrastructure (for 100 people), construction of a permanent camp for 50 people and a temporary camp for 50 people (contractors), execution of drilling using diamond and reverse air drilling methods. For this last activity, the installation of a truck-mounted drilling machine on the surface will be required. It should be noted that the drilling platforms will be carried out in areas selected for their low to no vegetation density, taking advantage of pre-existing footprints and already intervened platforms, when possible, mainly in sectors of rocky hillsides, previously surveyed with a baseline and evaluated. The project under evaluation will be developed in a total of forty-eight (48) months, considering from the construction phase to the closing phase. The objective of the Project is to carry out a drilling program during the next 4 years (2019 to 2023), in order to deepen the level of certainty of the mineral resource, minimizing geological uncertainties and obtaining basic information required to make the geological lithology models. , alteration and distribution of metallic mineralization