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The Cerro Delta project is located in the Maricunga Belt, in the northwest corner of La Rioja Province, in Argentina, close to the Chilean border. The 30,700 hectare property package lies on the same major east-west trending structural zone that hosts the Cerro Casale project (Barrick Gold Corp. 51%; Kinross Gold Corp. 49%) and the Quebrada project (Kinross Gold Corp.100%).
The Cerro Casale project is located in Chile, approximately 18 kilometers to the west of Cerro Delta. The Quebrada project covers the 10 km of ground between Cerro Casale and the Argentina/Chile border. The Cerro Delta project immediately adjoins the Quebrada project on the Argentina side of the border.
On October 29, 2007, Barrick Gold Corp. announced that it had acquired a 51% interest in the Cerro Casale project through its purchase of Arizona Star Resource Corp. for CDN $773 million.
The Maricunga Belt host multiple epithermal gold and porphyry-hosted gold-copper deposits that have totaled 42.3 million onces of gold discovered.
- Cerro Casale (22.9 million ounces of gold grading 0.69 g/t gold and 25% copper,
- Refugio Mine (5.4 million ounces of gold grading 0.76 g/t gold
- La Coipa (1.9 million ounces)
- Volcan (3.4 million ounces)
- Marte Lobo (5.8 million ounces)
- Quebrada Seca ( 1 million inferred)
The Company now controls a commanding, drill ready land position in this critical area. Access to the project is by four-wheel drive vehicle on a gravel road from the highway linking Argentina and Chile.
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