Posted in | News | Gold | Copper

Argus Metals Starts Phase I Gold Exploration at Iron Mountain Project

Argus Metals has commenced the Phase I gold exploration at the Iron Mountain project in Department Lima, Peru, which is situated approximately 4 km from the boundary with Ancash department.

The Iron Mountain concessions enclose more than 60 km2 of a district-level porphyry structure having zoned modification typical of a huge porphyry system.

The company has planned the Phase I exploration at Iron Mountain project to confirm and describe the extent of the formerly known gold mineralization by wide chip and channel sampling with analogous stream and soil geochemical sampling studies, and outline targets to summarize geophysics and drilling. Alteration and geological mapping will be used to define the inferred copper-gold porphyry system. Also, Argus has announced to stake 60 km2 of added concessions close to the south, east and west of the Iron Mountain project.

Argus’ Phase I exploration program will show the potential of Iron Mountain as copper-gold porphyry project. As the company is staking additional concessions, the potential of the Phase I exploration doubles. The Iron Mountain Project has formed a Joint Venture with San Lorenzo DV Consultores in the ratio of 65/35 where Argus can make 100% interest with 2% NSR depending on a buyout clause.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 18). Argus Metals Starts Phase I Gold Exploration at Iron Mountain Project. AZoMining. Retrieved on November 12, 2024 from https://www.azomining.com/News.aspx?newsID=4109.

  • MLA

    Scanlon, Joel. "Argus Metals Starts Phase I Gold Exploration at Iron Mountain Project". AZoMining. 12 November 2024. <https://www.azomining.com/News.aspx?newsID=4109>.

  • Chicago

    Scanlon, Joel. "Argus Metals Starts Phase I Gold Exploration at Iron Mountain Project". AZoMining. https://www.azomining.com/News.aspx?newsID=4109. (accessed November 12, 2024).

  • Harvard

    Scanlon, Joel. 2019. Argus Metals Starts Phase I Gold Exploration at Iron Mountain Project. AZoMining, viewed 12 November 2024, https://www.azomining.com/News.aspx?newsID=4109.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.