The Piedra Parada Gold Project
The Piedra Parada Project comprises 900 ha located approximately 80 km
east and northeast of El Salvador in Region III, Chile. The property is
owned 100% by Atacama Pacific.
Preliminary exploration, which was performed in the area of the Piedra
Parada concessions in the early 1980’s, detected geochemically anomalous
gold and/or other indicator elements associated with high-level, high
sulfidation epithermal (Maricunga-style) systems in which the
interpretation of satellite image false color anomalies suggested
alteration typical of such systems.
In 2008, Gold Fields initiated limited reconnaissance geochemical
sampling in the vicinity of Piedra Parada by including soil, rock chip,
trench sampling and drilling (2 RC holes – 562 m) typically returned low
Au values with a high of 23 ppb Au, and variously anomalous As, Ba, Cu
being reported. Atacama Chile purchased the property in 2010.
Atacama Pacific is planning a 1st Phase exploration program to comprise
geological mapping, trenching and assaying to determine the potential
for economic precious metals mineralization. Depending on the results,
additional exploration activities will be considered. |
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