- Historic workings and skarn showings with limited exploration
- Excellent regional infrastructure in a mining friendly jurisdiction
- Close proximity to GRG's Indiana Au-Cu project provides the opportunity for synergy in exploration and development
Property & Access
The total land area of the consolidated Project is approximately 761 hectares. The Project is road-accessible and is located 60 kilometres northeast of the city of Copiapó at an modest altitude of 1700 metres above sea level.
This is a mining-intensive region with multiple projects locally and within the Chilean Third Region. Local infrastructure includes roads, ports and energy.
Geology and Mineralization
The Atlantida Project is situated within a metallogenic belt limited by the Atacama Fault System to the west and the Domeyko Fault System to the east.
The Atlantida project includes old workings in mineralized skarn and porphyry. Golden Arrow collected 31 due diligence rock samples in this area (Figure 1). These returned a maximum of 3.7 g/t gold and 1.98% copper, with the average result of 0.51g/t gold and 0.49% copper.
The Atlantida Project includes 711 hectares of granted claims that were directly staked by Golden Arrow, as well as 50 hectares under option. The option agreement includes a 24 month earn-in period for a total of US$2 million and a 1% NSR that can be repurchased in full under certain terms.