VILARICA GOLD EXPLORATION APPLICATION
The Vlarica Gold Exploration Application (“Vilarica”) is an exploration/concession application made by Indice directly with the Portuguese Government Mining Division. The project covers a total of 178 km2 is situated approximately 200 km east of Porto and 450 Km northeast of Lisbon. The area is covered by an allochthonous sequence of metasediments and metavolcanics that have been extensively intruded by Variscan granites. These are in contact with a mafic/ultramafic complex in the NE.
Numerous vein and disseminated type showings and small diggings for Gold, Silver, Lead and Zinc occur thoroughly associated with intrusion/volcanic activity together with Tin and Tungsten respectively in greisen and skarn deposits. All these are spatially related with deep-seated post-Variscan structures with the Vilariça fault interpreted to represent the main structural feature. This area is adjacent to a gold mining district including Latadas and Freixeda mine areas located only a few kilometres to the west of the permitted mine owned by the Minaport group