Another Copper-Gold Exploration Opportunity in Argentina? 🇦🇷
Interesting copper-gold porphyry targets between giant billion-dollar deposits in the glorious tier-one mountain ranges of San Juan.
Does a gap exist between the billion-dollar deposits of Veladero and Filo del Sol in the Andes mountain ranges of San Juan, Argentina?
For context, Veladero is one of South America’s largest gold mines, producing a huge 500-600k ounces of gold per annum.
For scale, at a previous giant mine site I worked at in Australia, we had a 6km x 1km x 350m open pit in Western Australia, achieving an annual production of ~400k ounces per annum.
Filo Corp, with its Filo del Sol project, needs no introduction on Geólogo Trader. Currently sitting at a ~C$4 billion market cap, Lundin Mining recently approached BHP Group about making a joint bid for the company.
The point is, multi-billion dollar orebodies exist in this part of the world, and the gap of approximately 140km of underexplored terrain (red line in the map above) is worth taking a damn good look at.
“You want to find elephants? Go to elephant country.”
That is exactly what the company I’ll mention in this article (and not many others) are doing.
Another one to watch very closely as an Argentine copper-gold play.
My process, which I think is the ultimate bullshit radar: check the share register and see if management has significant skin in the game.
Well, there seems to be a highly reputable Australian exploration geologist (living in Argentina) who is completely running the show here.
Disclaimer: Before I dig in, read my thoughts on junior miners and my caution against investing in the sector in a free article I wrote here.