The El Arrayan Project is centred at 30º07’S and 71º00’W in Region IV of central-northern Chile, located 470km north of Santiago. It comprises mining claims and exploitation concessions covering an approximate aggregate area of 64 square kms. The El Arrayan Project is well located with respect to infrastructure being approximately only 37 kms southeast from the regional capital city of La Serena and the neighbouring port of Coquimbo.
The El Arrayan Project is located within a well-developed north-northwest trending structural corridor that extends for some 150km from south of Andacollo to Los Choros Creek in the north. The project lies just 15 kms north – northeast from the Andacollo porphyry copper mine, which is owned by Teck Cominco.
The primary exploration model associated with the El Arrayan Project is a porphyry copper-gold deposit of high iron affinity, resembling that at Andacollo.
In November 2010, the Company completed underground channel sampling, at El Arrayan, from gallery walls and backs approximately 50 metres below surface. Details and analysis results were lodged on SEDAR in a News Release, Novemeber10, 2010.
In February 2011, the Company reported the results for the first 6 holes of an RC drilling program which commenced mid December 2010. Details and analysis results were lodged on SEDAR in a News Release, February 16, 2011
In April 2011, the Company reported the results for the final 4 holes of the El Arrayan RC drilling program. Details and analysis results were lodged on SEDAR in a News Release, April 15, 2011
The best drilling results from the El Arrayan RC drilling program was 26 metres @ 1.54% Cu from 86 metres. In order to expand on these results the Company is looking to acquire land surrounding the El Arrayan concessions.