If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
Let’s give this some thought…
What might it be... a duck?
Chile is the top copper producer in the world 1 and a historical track record of being the best spot to explore copper in the world. It also boasts the top global copper reserves 1. Chile is the most favorable jurisdiction in South America and ranks 6th out of 83 jurisdictions worldwide with only North American and Western Australian jurisdictions above it 2.
Chile’s popularity as a sophisticated mining region is tied to a number of factors that make it a positive and profitable environment for mining companies. On the resource side alone, Chile boasts large, high-quality copper reserves that are located in regions of the country supported by energy infrastructure, transportation networks and several capable providers of goods and services. The country is also rich in skilled labor and is home to a number of mining specialists with deep knowledge of the industry.
Regulated by both domestic and international bodies, Chile prides itself in having a long history of stable legal frameworks that support both the government and the resource companies, protecting miners from any instances of corruption and questionable transactions that might disrupt projects in other jurisdictions.
MTV is located in the Cretaceous belt of Chile that hosts a wide range of copper deposits. These copper deposits are mainly found in volcanic rocks mixed with lead, zinc and silver, are irregular and discontinuous in nature and have reservoirs anywhere between 5 and 100 million tonnes.
On over 46,000 hectares of land, less than 10% of the property surface was thoroughly explored by Vale – MTV has had no exploration drilling since 2007. We believe this needs to change. Why?
For at least two reasons:
Looking at the map, these are depicted by red and green dots respectively.
Without the artisanal mining, it is possible our deposits would never have been found. MTV takes advantage of intense artisanal mining activity in the district as privileged exposures of mineralized zones can be observed.
Detailed mapping and sampling of artisanal mines, together with traditional prospection methods, is a key tool for the targets’ geological interpretation and ranking.
Historically, similar mining districts have expanded their reserves several times over due to the tendency of manto-type deposits to cluster (up to tens of small-to-medium size orebodies). Our Cumbre and Don Gabriel orebodies were drilled based on preliminary modeling from small pits mapping.
We think it's a duck!
1 Source: USGS
2 Source: Fraser Institute