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Exploration Underway at Centenera's El Quemado Pegmatite Project
Centenera Mining (TSXV:CT) has announced that exploration is underway at its El Quemado Tantalum-Niobium-Bismuth-Lithium Pegamite Project in northwest Argentina. As quoted in the press release: A definitive option agreement in respect of the Project was signed on August 31, 2016 following completion of due diligence by the Company and the agreement was accepted for filing …
Centenera Mining (TSXV:CT) has announced that exploration is underway at its El Quemado Tantalum-Niobium-Bismuth-Lithium Pegamite Project in northwest Argentina.
As quoted in the press release:
A definitive option agreement in respect of the Project was signed on August 31, 2016 following completion of due diligence by the Company and the agreement was accepted for filing by the TSX Venture on September 15, 2016.
Planning, acquisition and mobilization of supplies for the exploration camp has been ongoing for the past month. The camp is expected to be fully operational with exploration underway in the coming days. As previously disclosed, the Company plans to complete geological mapping, prospecting and sampling of the Project before the end of 2016.
Work Program
Work will initially focus on the former producing El Quemado mine as well as the El Penon and Santa Elena prospects (Figure 1) located within a few kilometers of the former producing El Quemado mine. Work will also focus on channel sampling across pegmatite zones to define mineralization within the zoned deposits as well as characterization samples from waste dumps. As the program progresses, the geologists are expected to expand their work south towards the Tres Tetas prospect.
Project Details
Several known pegmatite occurrences are located within the Property, most of which have seen some historical exploitation. The Project includes the historic El Quemado small-scale mine, a former tantalum-producing operation where Minera Anzotana Co. produced niobium-tantalum concentrates. Historical records indicate that tantalum-niobium oxide concentrate grades ranging from 7.16% to 53.85% (average 39.65%) tantalum and from 3.7% to 69.14% (average 20.98%) niobium in 11 concentrate shipments.
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