A highly prospective Epithermal Precious Epi thermal Precious Metal Project in the Province of Salta in northwestern Argentina
The property covers an area of 79km2
~85,000m of drilling in 448 drill holes
Indicated Resource of 27.7m tonnes @91.2g/t Ag and 0.85g/t Au
Containing 81.3m oz Ag and 755k oz Au
AbraPlata’s Cerro Amarillo porphyry Cu-Mo-Au project is located in the mining friendly 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.
The Samenta property hosts two porphyry intrusions some 50km southwest of TacaTaca. As is the case at TacaTaca, these intrusions are high level porphyries with potential to host porphyry-style mineralization from the surface to considerable depths. Some trenches and a few shallow, first-stage drill holes have intersected mineralization above typical cut-off grades and over minable widths although continuity has not yet been demonstrated.
Aguas Perdidas is located in Chubut Province. It is an epithermal Au-Ag project on which some USD2m has been spent on exploration, and is a walk-up drill target. While not the most favoured mining investment destination in Argentina at this time, the company believes that this may change in the foreseeable future, and is working with competent provincial authorities to further develop this project.
With the rising global demand for natural resources and increasing pressure for environmental restraint pressure is building for mining operations to curtail production and new exploration. Abraplata Resource Corporation advocates a more responsible and sustainable model we like to call ‘Planet Conscious Mining’. Conscious mining recognizes that need will always demand supply. But the ‘status quo’ approach of unchecked excavation practices can make mining unsustainable and harmful to the environs and local populations. There is a better way. We believe if we take an approach as caretakers, rather than that of takers, our resources and the lands that contain them can see a more sustainable future, ensuring we are not stealing from the generations to follow.
With the change of administration after the last elections in late 2016, Argentina has undergone rapid economic and change which is revitalizing the economic outlook. In particular and with a view to attracting investment in the mining sector, the new administration has:
In addition, mining is now relatively-well established in Argentina, and is:
Tax incentives, including:
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