Aethon Minerals (TSXV:AET),has announced that it has entered into an option agreement through its wholly-owned subsidiary, Aethon Minerals Chile SpA, to acquire a 100 percent interest in the Llanos De Llahuin project in Chile.
As described in the press release the project is approximately 250 km north of Santiago and is situated in a region with excellent access and existing infrastructure. Numerous underground copper mines are located in the area and the Llanos project is considered to have potential for a substantial copper-gold-molybdenum porphyry body, together with associated higher-grade breccia and shear zone bodies.
As highlighted in the press release:
- The Llanos project is strategically situated in between the Llahuin and the El Espino copper-gold projects.
- The Project hosts the Gomila mineral concession which covers the northern part of the mineralized system, covering an area of approximately 400 hectares. Early work to date suggests the Gomila prospect displays highly anomalous copper, gold, molybdenum and potassium, which are interpreted as reflecting a buried porphyry intrusion.
- The Llanos area is considered highly prospective and hosts small scale mines in operation as well as historical mines. The Gomila prospect is the company’s first property secured in the Llanos area, and Aethon continues to actively evaluate other opportunities to further consolidate its position in the region.
- Within the next six months, the company plans on conducting a first phase exploration program on the Gomila prospect which is expected to include detailed geological mapping, chip and channel sampling, together with ground magnetics and induced polarization surveys.
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