• CU: $
  • TSX-V: ACOP $0.00

Overview

  • Four identified targets within 7,257 Ha of exploitation concessions
  • Lying directly between world class porphyry deposits, Relincho and El Morro
  • Plans to drill at least 2,000m over the year with the goal of finding the next Relincho

Location

  • Atacama region of Northern Chile
  • 55km east of Vallenar city
  • Accessible by public roads

Geology

Placeton, Relincho & El Morro are located within a major regional lineament where major geological units define two distinct geological domains. The lineament is believed to represent a deep structural feature that favored the emplacement of intrusions and fluids over a long-time span, from the Jurassic to the Tertiary geological ages.

Placeton is located within a NNE Tectonic Block that is less eroded than the tectonic block to the west hosting the Relincho Deposit and shows features of an epizonal magmatic - hydrothermal system that displays Cu-Au-Ag mineralization at surface, preserved in a Triassic/Jurassic age host rock. The block is less eroded to the SW, preserving the expected porphyry related mineralization.

At Relincho, the porphyry related mineralization is emplaced in a strong eroded Cretacic Intrusive Complex whilst the El Morro Deposit is located to the East within the same corridor and is related to a different event of the Eocene-Oligocene age

Four identified targets:

  • Northern, central and southern targets - Appear related to the same magmatic-hydrothermal system but show different degrees of exposure
  • Caballo Muerto - Host attractive geochemistry anomalies for copper, moly and gold. The alteration within the porphyritic intrusion shows late-magmatic ā€œDā€ veining

Work Program

Based on the January 2021 NI 43-101 Recommendations

Phase 1:

  • Detailed geological and structural mapping
  • Geochemical and geophysical (ground magnetics & IP) survey
  • 3-5 months duration

Phase 2:

  • Target testing based on Phase 1 results
  • Mineralogical analysis; geophysics
  • 2,000m scout drilling program
  • 3-6 month duration