CABALLOS COPPER GOLD PROJECT
| COPPER-GOLDTYPE | +12,000 HAPROPERTY/MINERAL RIGHTS |
|---|---|
| ARGENTINACOUNTRY | EXPLORATION; OPTIONEDSTAGE |
PROPERTY & ACCESS
The property is located in a developing porphyry district at the intersection between the south end of the Maricunga Copper-Gold Belt and the northern extent of the El Indio Gold-Silver Belt. Advanced projects in the area include Norte Abierto (29km to N with reserves of 23 Moz Aui), Los Helados (22km to SW with indicated resources of 17.6 Blbs Cu, 10.1 Moz Auii), Josemaria (25km SW with indicated resource of 6.5Blbs Cu & 6.5Moz Auiii) and Filo del Sol in Argentina (38km to SW with 3.1Blb Cu; 4.4 Moz. Au; 146.9Moz. Ag in indicated resourcesiv).
The Caballos property is located in La Rioja province, in the Andean Cordillera, with elevations ranging from 4,000m to 4,500m above sea level. A paved highway and good gravel roads allow easy access to the eastern part of the property and work can be conducted for 7 to 8 months of the year. The nearest small community is 100km away.
GEOLOGY & EXPLORATION SUMMARY
In 2012 Golden Arrow discovered a large copper-gold porphyry target at Caballos, through the completion of a surface exploration program including an IP/Resistivity geophysical survey, a detailed ground magnetic survey, geological mapping and additional surface rock and talus fine geochemical sampling. The magnetic core zone of the interpreted porphyry system measures 300 m by 800 m. Sampling on the margin of the magnetic core survey encountered 12 metres averaging 2.4% copper within an 18 metre continuous chip sample, and a nearby hand trench produced a composite chip sample that averaged 0.60% copper and 0.35 g/t Au over 5m (see news release dated December 5, 2011, filed on SEDAR).
The magnetic core of the interpreted porphyry system, as defined by the detailed ground magnetic survey, is largely covered by talus. The IP/Resistivity survey, conducted by Quantec Geoscience, shows a large chargeability high that closely correlates with the interpreted magnetic porphyry core.
Talus fine sampling on the southern half of the porphyry target defined an 1100m by 400m area with elevated with copper geochemistry (+50 ppm Cu envelope with a high of 1667 ppm Cu) and, in an overlapping but slightly reduced area, a gold geochemical anomaly (+20 ppb Au envelope with a high of 149 ppb Au), both centered on the quartz--magnetite stockwork.
^i Norte Abierto website (https://norteabierto.com/nosotros/?lang=en 6/19/20)
^ii NGex Resources Inc. website (www.ngexresources.com 6/19/20)
^iii Josemaria Resources website (https://www.josemariaresources.com/ 6/19/20)
^iv Filo del Sol website (www.filo-mining.com 6/19/20)