Bastion Minerals Limited (ASX: BMO) is advancing exploration at the Cometa Copper Project in the Chilean coastal belt which lies 15km south of Hot Chili Ltd’s Cortadera deposit.
The company is currently undertaking an evaluation of the extensive rock chip geochemistry with a specialist Australian-based geochemist, to assess elemental and alteration zoning, fluid and mineralization pathways. This information will be integrated with geological observations and later with geophysics. Some prospects have porphyry copper characteristics and others IOCG characteristics.
Bastion is planning IP and ground magnetic geophysical surveys over the prospects defined to date, with a consultant geophysicist hired to design and supervise the surveys and to interpret the data together with Bastion’s field team. Quotations are awaited from geophysical contractors, with the aim of beginning the surveys in April.
The project is in a highly prospective part of the coastal belt, located 15km directly south of the cluster of copper deposits (Cortadera [Cu porphyry] and Productora [IOCG], San Antonio) where Hot Chili Limited has defined significant copper resources.
“After an extensive surface campaign at Cometa where we collected more than 800 samples which defined six prospects and delivered grades to 4.4% Cu, Bastion will continue exploration activities at the company’s Cometa project, which hosts exciting copper targets and has no historical drilling. This project is 15 kilometres south of Hot Chili’s Cortadera deposit, in the Chilean Coastal Belt,” Executive Chairman, Ross Landles, said.
“We expect to commence IP geophysical surveys over prospects in April, in particular to evaluate the Venus trend and the extensive alteration observed there. We look forward to providing updates as activities advance.”
The Cometa project consists of approximately 56sq. km of granted mining and exploration tenements located 40 Km southeast of Vallenar next to the El Orito gold deposit.
The project is in a belt with IOCG deposits (Candelaria, Manto Verde, Productora) and porphyry copper deposits, such as the Cortadera deposit held by Hot Chili nearby, as well as numerous gold vein deposits (including Capote).
For further information please visit: https://www.bastionminerals.com/