About Chilean Metals Inc
Chilean Metals Inc., a mining exploration company, engages in the acquisition and exploration of mineral properties in Chile and British Columbia . The company explores for gold, silver, copper, cobalt, and iron deposits. It owns 100% interest in Zulema property covering an area of approximately 4,300 hectares situated in the Atacama mineral belt in Chile’s 3rd region; Palo Negro and Hornitos properties that covers an area of approximately 9,000 hectares located in the Atacama Province of Chile’s 3rd region; and Tierra de Oro property covering an area of approximately 5,667 hectares located in the Chile’s prolific iron oxide-copper-gold belt. The company was formerly known as International PBX Ventures Ltd. and changed its name to Chilean Metals Inc. in February 2014. Chilean Metals Inc. is headquartered in Toronto, Canada.
In addition, the company has announced a agreement to acquire the Golden Ivan property located in the heart of British Columbia’s Golden Triangle.
About the Golden Ivan Property
The Golden Ivan property is situated toward the south of British Columbia’s prolific ‘Golden Triangle’, which hosts numerous profitable mineral deposits and is known to be highly prospective for large scale mineral systems, including large-scale porphyry systems, high-grade gold and silver veins, and volcanogenic massive sulphides. The Golden Triangle is host to past and current mining operations including Pretium, Eskay Creek, Johnny Mountain, Red Mountain, Snip Mine, Premier Mine, Golden Bear and Valley of the Kings. The Golden Triangle has reported mineral resources (past production and current resources) in total of 67 million oz of gold, 569 million oz of silver and 27 billion pounds of copper.
The Golden Ivan property is located approximately 15km south west of the Red Mountain Gold/Silver deposit and 30 km south of the historic Premier Gold mine. Immediately to the south of the property significant Silver resources have recently been established at the Porter-Idaho deposit, along several mineralized veins that strike onto the Golden Ivan property.
Physiography and Access: The property covers dominantly high alpine areas situated between Mt Rainy and Mt Maggie and is located adjacent to the Cambria Icefield. Several small glaciers occur on the property, which is otherwise typified by rock outcrop and glacial debris, with forested areas at lower elevations toward the west. The property is accessible by Helicopter from the town of Stewart, and is amenable to seasonal exploration from June onwards. Stewart has deep sea port access, road access, and is a regional hub for mineral exploration services.
Based on the limited publicly available information; the property is located within Stikine Terrane (Stikinia) of the Canadian Cordillera, and is underlain by felsic to intermediate volcanogenic sediments of the Jurassic Hazelton Group, which are unconformably overlain by Bowser Basin sediments. The property is understood to be situated over steeply dipping overturned sediments within the Mt Rainy syncline, and is located adjacent to a significant E-W fault (the Silverado fault) located toward the south of the property. The local area additionally hosts several intrusive complexes of the Coast Crystalline Belt; including Hyder and Glacier creek plutons. Numerous dykes are reported to cross the property in a general north west direction.
The property hosts two (2) known mineral showings (Gold Ore, and Magee), and a portion of the past producing Silverado Mine, which was reportedly exploited between 1921 and 1939. These mineral showings are described to be Polymetallic veins that contain quantities of Silver, Lead, Zinc +/- Gold +/- Copper. Numerous additional mineral occurrences, showings and past procuring mines are located in the immediate areas surrounding the property, further supporting the presence of widespread mineralization in the areas.
The property is relatively under explored. Work that was completed by previous operators from the 1980’s to 2011, included prospecting, limited geochemical sampling, some ground-based geophysics surveys; limited sampling from the historical workings at the Silverado Mine was also performed.
In 2018 Precision Geophysics completed an 88-line kilometre combined magnetic and gamma-ray spectrometry survey on behalf of the vendor Granby Gold Inc. Standard magnetics and radiometric data products were prepared and additional interpolate structural analyses were performed on the collected data. A number of areas of coincident magnetic and radiometric anomalism have been identified, additionally ‘structurally prepared’ zones are identified from the structural analysis interpolates. Such characteristics are widely regarded as favourable indicators of widespread hydrothermal alteration aka Porphyries, and will likely aid in vectoring toward any causative source intrusions that may be located on the property.
The company intends to focus future exploration efforts to determine the potential causative source intrusions of the mineralization observed across the property, and surrounding areas. The initial phase of exploration is anticipated to include systematic geological and structural and alteration mapping, as well as geochemical sampling across the property to determine any local areas of anomalism. This would be followed by ground-based geophysics to confirm local structural trends prior to proceeding with an initial drill program in the summer of 2021.
To learn more about Chilean Metals Inc, go to https://chileanmetals.com/
To learn more about the activity in the Golden Triangle area and to view the Golden Triangle map, go to https://digigeodata.com/area/golden-triangle/