In 2010, results from the 300-metre drilling program, on the La Ortiguita property, confirmed the potential of the silicified zone in the east part of the prospect. In 2011, a 2,300-metre drilling campaign is planned to test for mineralization in this area.
The La Ortiguita property is located on the El Indio trend, in proximity to Barrick's giant Pascua-Lama and Veladero deposits. La Mancha is the operator and will own 75% of the prospect by July 15, 2011.
We Own: An option on 75%
Concession Area: 169 km2
Project Stage: Grass roots
The La Ortiguita property lies on the El Indio trend, close to Barrick Gold's giant Pascua-Lama and Veladero deposits. Exploration thus far has targeted a porphyry copper-gold/epithermal gold system. In 2010, we carried out a 3,000-metre reverse-circulation drilling campaign on the property to assess targets identified by geophysical and geochemical surveys conducted between 2007 and 2009.
PRESENCE IN ARGENTINA
La Mancha has been conducting exploration in Argentina since early 2003, when it acquired interests in a number of exploration properties. Our main focus is the La Ortiguita copper-gold project, located on the El Indio trend in proximity to Barrick Gold's giant Pascua-Lama and Veladero deposits.
OUR CURRENT ACTIVITIES
La Mancha is presently conducting exploration on the La Ortiguita copper-gold project, where we are in the process of earning a 75% interest from TNR Gold Corporation. We are the project operator, and have been increasing our ownership in the property under a farm-in agreement that entitles us to reach 75%. We expect to earn our full interest by July 2011."
La Ortiguita is located in San Juan Province, within close proximity to Barrick Gold's giant Pascua-Lama and Veladero deposits.
The La Ortiguita Project contains five distinct target areas for continued exploration, referred to as the Breccia, La Clarita, Filo Fatima, Filo Fartuna, and the Silicified Zones. Exploration conducted thus far has targeted a porphyry copper-gold/epithermal gold system and has found an arcuate band of silicification approximately 300 to 400 m wide that extends over 1.5 km in length and is associated with an approximately 50 m wide shear zone.
La Mancha Resources Inc. has an option to acquire a 75% undivided interest in the La Ortiguita project.
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