Golden Minerals begins drilling near First Quantum Minerals' Taca Taca deposit
What happened
Golden Minerals Company announced it is starting a 1,250-meter drill program, budgeted at $1.088 million, to test three targets in Salta Province, Argentina. The Iceberg target is an alunite/pyrophyllite alteration zone that is contiguous with the alteration zone associated with First Quantum Minerals Ltd.'s neighboring Taca Taca deposit.
From finanznachrichten.de
Why it matters
The program aims to test multiple known gold and copper targets on Golden Minerals' Desierto concessions. The proximity of the Iceberg target to the Taca Taca deposit suggests potential correlation between the mineral systems in the region.
From finanznachrichten.de
Who's involved
- First Quantum MineralsOwner of the neighboring Taca Taca Cu-Mo deposit
- SaltaProvince in Argentina where the Desierto exploration concessions are located
- ArgentinaGeopolitical state containing the province of Salta
- Royal GoldAmerican mining company
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SaltaSpeculative
The identification of high-grade gold and copper targets might increase local investment and resource sector revenue.
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The entities involved
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First Quantum Minerals
Canadian mining company
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Salta
city located in the Lerma Valley, Argentina
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