Great Southern Copper expands Especularita project with two new properties
London, UK
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February 22, 2024 10:48 AM Eastern Standard Time
Great Southern Copper PLC (LSE:GSCU) chief executive Sam Garrett tells Proactive's Stephen Gunnion that the company has expanded its Especularita project in Chile through two new option agreements, enhancing the project's exploration prospects.
These agreements incorporate the Cerro Negro and Artemisa properties, adjacent to Great Southern Copper's existing concessions, into the Especularita project. This expansion is part of the company's long-term strategy to explore for porphyry copper systems, with the properties adding significant potential due to their location relative to a known lithocap, which is indicative of porphyry copper deposits.
Cerro Negro, previously mined by Antofagasta, has shown evidence of high-grade copper and silver at the base of an open pit, suggesting the potential for porphyry copper at depth. No significant exploration outside the mine's immediate area has been documented, but signs of oxide copper along strike to the south suggest unexplored potential.
Artemisa, adjacent to the company's Victoria and Lita prospects, complements ongoing exploration efforts, with plans for drilling in the near future. The next steps include reviewing historical data and preparing for sampling and drilling on the newly acquired properties within the next 12 months.
The company is also awaiting assay results from its Teresita and Abundante scout RC drilling programme, aimed at testing new targets for copper and gold mineralization.
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