Falcon Gold Corp. (TSXV: FG) has announced the acquisition of 4,000ha of exploration claims pertinent to its Area 51 Project located in the Inca Del Oro mining district, Atacama Region, northern Chile. The Inca Del Oro mining district is situated along Chile’s Paleocene age mineral belt, known to host multiple porphyry, skarn, and epithermal mineral deposits.
Some of the highlights of the Area 51 Project include wholly-owned exploration claims totalling 4,000ha, located approximately 80km northeast of Copiapó mining city and airport. The project benefits from road access, proximity to infrastructure, and existing mine operations as well as year-round working conditions.
Multiple mining and exploration projects exist in the vicinity, including the Inca de Oro porphyry Cu-Mo-Au-Ag deposit (460Mt grading 0.40% Cu, PanAust, 2012, S&P Global ) and the Delirio deposit (17.4Mt grading 0.47% Cu, 2021 Santiago Metals, S&P Global). The Area 51 exploration claim group is surrounded by other exploration and mining companies including Freeport McMoran, Newmont, Solaris Resources, and Mirasol Resources.
Falcon has stated that the potential for copper and gold mineralization is evidenced by the occurrence of multiple historical mine workings exhibiting mineralization, hydrothermal alteration footprints over volcanic calderas, and existence of active mining and exploration projects in the proximity of its Area 51 Project.
“We are very pleased to have acquired such an impressive land package in Chile, the country with the largest copper reserves in the world and one of Latin America’s most stable jurisdictions. The Area 51 project is strategically situated in the same camp as Newmont and Freeport McMoran. This further adds to our new focus of expanding to jurisdictions outside of North America.” Stated Karim Rayani chief executive officer.
To find out more, please visit www.falcongold.ca