Quebrada Blanca, Chile: An Enriched Porphyry Copper Deposit (934f3516-7c4d-47fd-89cb-9fad1c7d8fc5)

The Quebrada Blanca copper/molybdenum prospect lies on a dissected plateau in the high Andes of Northern Chile. The Superior Oil-Falconbridge Group began exploration of the Property in 1977 under a joint venture foreign investment agreement with the Chilean government. Quebrada Blanca is a relatively high grade secondarily enriched porphry copper deposit. Primary mineralization occurred 38 million years ago and accompanied quartz monzonite intrusive. Early disseminated Primary mineralization was followed by hydrothermal mineralization, mineralized breccia, and post-mineral faulting. After supergene enrichment Quebrada Blanca was buried under late Tertiary gravels and then partially re-exposed in Quaternary time. During the past five years, a successful exploration program has developed an open-pit mining reserve, provided samples for bulk metallurgical testing, and located more than adequate supplies of water for future operations. The main orebody is amenable to conventional metallurgical treatment and contains more than 400 Mt (441 million st) of recoverable open-pit ore at about a 1:1 overall stripping ratio. The average millhead grade during the first six years of operations will exceed 1.5% Cu, plus recoverable molybdenum values. Several hundred million tons of additional reserves are available in the surrounding districts