Himalayan Capital, a mineral exploration company, has begun the phase I drill program at its La Higuera copper-gold project, Chile. The drilling program has been accelerated, as it was suggested in the Himalayan’s NI 43-101 technical report regarding the property.
Magnetic and Chargeability Anomolies
Currently, the company’s drilling program has included 2,000 m of reverse circulation (RC) drilling and 2,000 m of diamond drilling, totaling 8 holes from 5 drill locations. The company has planned to examine the mineralization expansion under the San Antonio zone’s small open-pit copper works, through RC drill holes. Additionally, these drill holes will analyze the coincident chargeability and magnetic anomalies that were related to the works in this region.
The company’s diamond drill holes have been intended to examine the chargeability anomaly’s stronger portion along the strike towards the San Antonio zone’s northwest part, along with the overlapping and contiguous magnetic anomaly.
According to David O'Connor, Himalayan Capital’s CEO and President, the company is delighted to commence the drill program at La Higuera project and is expecting to learn more about the formerly undrilled mineralized system, containing gold and copper, in future.
The La Higuera property is situated around 600 km towards the northern part of Santiago and encloses a previous copper mining district. No new exploration program was performed on the property. Minera Azul completed geophysical work, which has strong chargeability and magnetic anomalies, and has commenced a rock sampling program at the property, as the mining rights consolidation was given in June 2011.