Copper
| Ownership: | 100% and earning 100% on one claim |
| Location: | Puno, Southern Peru |
| Deposit type: | IOCG (iron oxide copper-gold) |
Lidia is an IOCG project with the potential to contain a significant gold and copper deposit located in southern Peru approximately 700 kilometres southeast of Lima.
Mineralization at Lidia consists of gold and copper associated with chalcopyrite veins and disseminations within zones of intense iron oxide (specularite and magnetite) and potassic alteration. Initial rock-chip channel sampling returned values of 1.47 g/t Au and 0.31% Cu over 33 metres in one continuous channel sample interval.
The Phase-1 ten hole drill program, completed in late 2009, traced the copper-gold mineralization over a strike length of at least 1 kilometre returning drill intersections of 0.37% Cu and 0.51 g/t Au over 100 metres, 0.67% Cu and 0.07 g/t Au over 99 metres and 0.44% Cu and 0.06 g/t Au over 72 metres. In 2010 an airborne magnetic and radiometric survey along with a ground gravity survey was completed over the property. The results have greatly enhanced the interpretation of controls on mineralization and will assist in targeting future drilling. The Phase-2 drilling program using multiple drills will begin in the second quarter.
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Expansive Property at Lidia
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