Projects

The Project consists of five Investigation Permits (“P.I.”) and seven Exploration Permits (“P.E.”), covering 956 km². The region is known predominantly for copper oxide mining activity during the 19th and 20th Centuries, with at least 12 historic copper mines and over 50 copper occurrences recorded in a 1970’s study by the Spanish Government and Asturiana de Zinc (AZSA), now Glencore. Copper sulphide mineralisation has also been exploited at the Biel mine in the east of the project area.

The Project is targeting “red beds” or “Lisbon Valley” type sedimentary-hosted copper deposits in Oligoceneaged sandstone and micro-conglomerate layers that were deposited in a fluvial environment. The prospective stratigraphic sequence has a total thickness of more than 1,000 m with the individual sandstone and microconglomerate layers ranging in thickness from 1–10 m. Mineralisation in this style of deposit is commonly associated with prominent structures that the mineralised fluids are focused along. Copper oxides and sulphides formed when the fluids interacted with organic matter in the host units (e.g. Mina Emilia); or with precursor pyrite and carbonate cement in permeable coarse-grained beds (e.g. Biel Mine).