AbraPlata owns 100% of the 16,800 ha Cerro Amarillo porphyry Cu-Mo-Au project is located in the mining department of Malargüe in the Province of Mendoza. Cerro Amarillo lies on the southern end of the porphyry camp of “behemoth” Cu-Mo-Au porphyry deposits (El Teniente, Los Bronces, Los Pelambres, and Altar). In common with these behemoth deposits, Cerro Amarillo is a cluster of five distinct porphyry intrusions, four of which have mapped mineralization at surface. All have good geochemistry, and the company has conducted IP surveys over two of them with good indications of chargeable material lying below mapped mineralization at surface. Mendoza is currently reviewing its mining policies with a view to assisting those departments which support mining activities with respect to rapid implementation of the permitting process.
The Company is seeking to attract an earn-in partner to help advance the Cerro Amarillo project.