Prospecting for Gold and Silver Low Sulphidation veins.
Not yet available for JV
The Boleadora Group of properties is located in the North Westers corner of the Deseado Massif of Santa Cruz Province. The North Western corner of the property package is approximately 17 Km to the SSE of the of The Cerro Negra Mine. The Properties are reached from the north from the town of Las Herras by 75 Km of good unpaved roads. The properties can also be accessed from the South West on 80 km of unpaved roads from the Hamlet of Bajo Caracoles.
Magna Terra Minerals
The Magna Terra Minerals has 100% control of the Boleadora Group which is comprised of 12 exploration properties which, combine to 50,000 Hectares. The SEGEMAR 1:250,000 sheet shows the area as falling mostly within the favorable Jurassic Matilde and Chon Aike stratigraphy. The package sits within the vicinity of multiple important mines and exploration projects including, Cerro Negra, San Jose, Virgina and Bajo Pobre. The properties, which were acquired from Minera Kingsgate Argentina in 2016 have several years of antiquity, but very little prospecting work, with Kingsgate geologists taking only 160 samples. Access arrangements were historically in place with most of the land owners and this combines with good roads and farm tracks, in an area with a mild climate, to suggest easy access to most areas. A first pass program has been defined and is expected to require approximately four months to complete.
Geology: Our initial analysis of the area is based upon examination of Kingsgate sampling and mapping, public data from SEGEMAR and analysis of Thematic Mapper images, the latter being processed for lithological and structural interpretation as well as identification of zones of alteration. The 1:250,000 scale SEGEMAR geology Map “Destacamento La Maria” indicates that the properties are dominated by the Chon Aike formation, however, Kingsgate geologists mapped the overlying Matilde Formation in several of the cateos at the district scale.
The structural regime is dominated by NNW striking regional normal and strike slip structures with NW and WNW dilatational structures that are known to be favourable for mineralization in the Massif. Some of these structures appear, in satellite images, to form flower structures associated with intrusives and alteration. Our Thematic Mapper analysis defines 75 alteration pixel cluster anomalies, which we have combined to form maps of high probability for, reducing the number of hectares to visit from 50,000 to approximately 10,000.
We expect the Boleadora group, with its favourable structure, stratigraphy, access and climate, to form a core part of our project generation pipeline moving forward.