International PBX Ventures has announced that Quantec Inc. has begun the Titan 24 deep penetration IP survey for the Copaquire project in Northern Chile. The Copaquire property is located in the prolific copper molybdenum porphyry belt of Chile and is claimed to be containing the highest concentration of copper in the world. Estimates have indicated that Chilean porphyry copper deposits range in size from about 100 million tons to more than 7 billion tons.
The Titan 24 Magnetotellurics and IP / Resistivity is a deep search ground geophysical method. In mineral exploration (grassroots exploration and brownfields exploration), the system images conductive mineralization, disseminated mineralization, alteration, structure and geology to 700m and beyond in order to offer reliable and cost-effective targeting of drill holes to depth. In a brownfields environment, Titan 24 is effective for both mine site exploration and near mine exploration, and has been used to find new ore both in mines and nearby.
The first phase of the IP survey for Copaquire project by Quantec will include an east west profile across the southern part of the Property to define the Titan 24 response associated with the currently defined resource area and a detailed evaluation of the response associated with a series of known mineralized zones within the Marta Porphyry (located west of Cerro Moly) that have never been drill tested.
President and CEO of International PBX (News – Alert) Ventures, George Sookochoff has commented that ever since they announced 61.8 meters (202.6 feet) of 1.14 percent copper including 14.0 meters (45.9 feet) of 2.0 percent copper all within the hypogene zone of the Copaquire porphyry, they have attracted a great deal of interest from various third parties including majors, mid tier mining groups and financial institutions who have now recognized the tremendous copper potential of the Copaquire project. In addition, geophysical surveys will also be conducted to assess the Sulfato South and North areas.
Nathesh is a contributing editor for TMCnet. To read more of Nathesh’s articles, please visit his columnist page.
Edited by Juliana Kenny