Chilean Metals

Copper Discovery Opportunities with a Hedge


Chilean Metals Inc. (TSXV:CMX, OTCQB:CMETF, SSE:CMX, MILA:CMX, FRA:IVV1, BER:IVV1) is a Canadian junior exploration company with a portfolio of copper, gold and cobalt properties across both  Chile and Nova Scotia. The company has assembled a top-notch technical team with special expertise in exploring for massive copper-gold and cobalt deposits, particularly within iron-oxide-copper-gold (IOCG) geological settings.

IOCG deposits are typically extremely large and high-grade with simple metallurgy, producing immensely profitable mines. These deposits primarily host copper, however, they can also contain economic levels of gold. BHP Billiton’s Olympic Dam in Australia is the largest known IOCG deposit and also ranks as the world’s fourth largest copper deposit.

The company’s Nova Scotia portfolio includes five properties in the province’s Cobequid – Chedabucto Fault Zone, a 250-kilometer long structure in which a large number of IOCG targets have been identified by Minotaur Exploration—an Australian miner highly experienced in IOCG deposts—. Nova Scotia is a favorable mining jurisdiction with access to a skilled work force, rail and utilities. Nova Scotia has the potential to become an IOCG province. The Nova Scotian Department of Natural Resources is a supportive partner offering exploration assistance to the company. Chilean Metals has contracted Precision GeoSurveys to conduct magnetics and radiometrics surveys across the Cobequid properties with the goal of identifying drill targets.

Chilean Metals also holds a significant land package in Chile’s proven and world-class Atacama IOCG belt. The Zulema property is located just 30 kilometers from the world’s second largest IOCG deposit—the low-cost producing Candelaria mine owned by Lundin Mining. Phase one drilling at Zulema has identified IOCG-style mineralization consistent with the known geology of the Candelaria system. Chilean Metals is currently looking into farm out opportunities for its Zulema and Tierra de Oro properties, and have engaged Kura Minerals to help with this process.

Chilean Metals Highlights

  • Experienced technical team specialized in exploring for massive copper-gold-cobalt deposits in IOCG environments.
  • Drilling has confirmed the presence of IOCG-style mineralization at Zulema; potential for Candaleria-style deposit in world-class IOCG belt.
  • Opportunity to make first discovery in emerging Canadian-based IOCG province.
  • Recent acquisition of prospective cobalt concessions in and nearby Bass River project.
  • Potential for spinning out Nova Scotia properties into new public companies.