Gold and Copper Exploration in Argentina’s San Juan Province
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Antler Hill Mining Ltd. (TSXV:AHM.H) is a junior gold and copper exploration Company that is in the process of acquiring two properties in San Juan Province, Argentina: Amiches and Cerro Blanco. Antler Hill is also contemplating acquisition of additional properties throughout North and South America.
Antler Hill’s Amiches gold-silver project is located in the El Indio gold belt (about 100km south of the Veladero mine owned by Barrick Gold, 100km SW of the Gualcamayo mine owned by Mineros S.A., and 60km SE of the El Indio/Tambo historic mines owned by Barrick Gold). Amiches remains mostly unexplored with only surface trenching and sampling historically performed. In 2018, the Company collected grab samples that graded 15 g/t gold and 190 g/t silver as well as 3.3 g/t gold and 70 g/t silver. The Company plans to conduct geological mapping, trenching, and a geophysical survey in the upcoming exploration season.
The Cerro Blanco copper-gold-molybdenum project has been drilled previously and encountered copper porphyry mineralization. Historical drill results have returned 20 meters grading 0.47% copper, 0.21 g/t gold and 248 ppm molybdenum, as well as 10 meters grading 0.65% copper, 0.26 g/t gold and 246 ppm molybdenum.
Argentina is an attractive mining destination due to the government’s support of the mining industry and pro-mining tax incentives. San Juan Province has a robust mining culture with a knowledgeable and skilled workforce. The region accounts for 62 percent of Argentina’s mining production exports. The province is home to 71 percent of Argentina’s known copper reserves and contains more than 80 million ounces of gold.
Heading the team at Antler Hill is Chairman Matthew Wood. Wood has over 25 years of experience in the global mining industry and commodities investment. He has successfully developed and sold mining companies in Australia, Asia, and South America, in multimillion-dollar deals. Family, friends and insiders hold 40 percent of the Company shares.
- Operating in mining-friendly San Juan Province in Argentina.
- In the process of acquiring two properties in San Juan Province.
- Amiches project is 95 kilometers south of Barrick Gold’s Veladero gold mine.
- Amiches is underexplored, offering discovery potential.
- Cerro Blanco is a copper/gold porphyry target with previous drilling success.
- Exploration programs for both properties are planned.
- Family, friends and insiders hold 40 percent of Company shares.
Amiches Gold-Silver Project
The 1,015-hectare Amiches gold project is located approximately 40km west of the town of Las Flores, Departamento Iglesia, San Juan Province, Argentina. The area is home to the highly-prospective El Indio belt, which stretches from Chile into Argentina and hosts such prolific mines as El Indio, Tambo, and Pascua-Lama. Veladero and Gualcamayo are located further to the north and east (respectively). The property is 22 kilometers from a major highway and accessible by horseback. Barrick Gold’s (TSX:ABX) Veladero gold mine, which contained an identified 15 million ounces of gold is 95 kilometers north of the property and still in production (with 2019 gold production guidance of 460,000 – 500,000 ounces, on a 100% basis).
The project remains predominantly underdeveloped and underexplored. In February 2013, the previous operators completed a trenching program on the property. Highlights from the program include two meters grading 12 g/t gold and over 200 g/t silver and two meters grading 19 g/t gold and 390 g/t silver. In May 2018, Antler Hill collected grab samples from historical outcrops as part of their due diligence. The samples returned values of 15 g/t gold and 190 g/t silver as well as 3.3 g/t gold and 70 g/t silver.
Antler Hill will be conducting soil sampling, mapping, trenching and drilling on the property in the near-term. The Company is also anticipating the start of road construction which will greatly increase accessibility to the property.
Cerro Blanco Copper-Gold-Molybdenum Project
The 12,829-hectare Cerro Blanco copper-gold-molybdenum project is located near Barreal in the Calingasta Department of San Juan Province, Argentina. The property is 113 kilometers southwest of the provincial capital San Juan and 42 kilometers southwest of the town of Barreal. The property is accessible by a gravel road which connects to a major highway 32 kilometers away.
Previous drilling on the property has intersected broad zones of sulfide mineralization and hydrothermal alteration. Historical drill results have returned 20 meters grading 0.47 percent copper, 0.21 g/t gold and 248 ppm molybdenum and 10 meters grading 0.65 percent copper, 0.26 g/t gold and 246 ppm molybdenum.
Antler Hill will be conducting geological mapping, aeromagnetic survey, a detailed IP survey on select targets and drilling on select IP and magnetic targets in the upcoming exploration season.
Matthew Wood — Chairman and Director
Matthew Wood is Chairman of Steppe Gold and Antler Hill Mining, as well as the President, Chief Executive Officer and a Director of Five Star Diamonds Limited. He is an outstanding mineral resource explorer and developer with over 25 years of global industry experience in mining and commodities investment. He has managed successful deals in diamonds, coal, energy, ferrous metals, base and precious metals among other commodities. His unique skills in technical and economic evaluation of resource opportunities has been proven by an impressive record of nurturing resource deals from early stage to market listings and successful exit strategies for his investors. He has an Honours Degree in Geology from the University of New South Wales and a Graduate Certificate in Mineral Economics from the Western Australian School of Mines.
Peter Bures — CEO and Director
Peter Bures is Chief Executive Officer and a Director at Antler Hill Mining. He spent the first few years of his career at Placer Dome in Timmins, Ontario followed by 10 years on the sell side in equity research where he worked at Deutsche Bank and HSBC in New York and Toronto, and as a precious metals and mining analyst and strategist for Orion Securities (Toronto). In 2007, he transitioned to the buy side with Sentry Investments as an associate portfolio manager, specializing in metals and mining where he co-managed several top-ranked funds. Bures joined the BMO Capital Markets institutional sales desk in New York in 2011 as Director Global Mining Sales and was most recently with Canaccord as VP analyst covering gold and silver producers and royalty companies. He holds a Bachelor of Applied Science (geological and mineral engineering) from the University of Toronto.
Aneel Waraich — Director
Aneel Waraich is the co-founder and Executive Director of Steppe Gold Ltd., a near-term precious metals producer in Mongolia. He is also founder and managing partner of ATMA Capital Markets and ATMA CORP LTD. He is a financial services professional with progressive experience in both the asset management and corporate finance businesses. He focuses primarily on advising public and private companies in the Natural Resources sector.
In previous roles at Goodman and Company Investment Counsel and Dundee Capital Markets, Waraich worked as an analyst valuing private equity companies. Most recently, he worked as an investment banker focusing on deal origination, going-public transactions and financing for both public and private companies in the resource and technology sectors. He completed his MBA from the Goodman Institute of Investment Management at the John Molson School of Business and is also a level III Candidate for the CFA ® program.
Ali Haji — Director
Ali Haji has extensive knowledge of the financial services sector after having spent over 11 years in the asset management industry performing strategic and process improvement roles. He started his career as a technology analyst at Invesco Ltd. in 2006 and advanced into various roles including technology risk, controls, program management and process improvement with international assignments involving mergers and acquisitions in Hong Kong, the US and Australia. Most recently, he was also a principal contributor to the creation of a Center of Excellence in London, England for Invesco Ltd. Haji attended the University of Western Ontario and holds a BSc in Computer Science.
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