Teck to earn into Chile copper project
Canadian miner Teck Resources has been granted options to earn up to a 75% interest in a copper project in Chile that is surrounded by major copper producers BHP and Codelco.
Teck would earn into the Loreto project from Australia’s Golden Rim by spending $17-million on exploration and making staged payments totalling $600 000.
The Loreto project comprises mineral concessions that have been separated from Golden Rim’s Paguanta silver/lead/zinc/copper project and lies at the northern extension of Chile’s West Fissure – the world’s biggest concentration of major porphyry copper/molybdenum deposits.
Teck has two major copper operations in Chile, including Quebrada Blanca, which is located 120 km south of Loreta along the West Fissure.
Golden Rim MD Craig Mackay said that the company believed Loreto could well represent the last unexplored outcropping Oligocene-Eocene porphyry system in northern Chile.
“The option and joint venture agreement allows Golden Rim to leverage off Teck’s significant porphyry copper exploration and development experience. With the ability to retain an interest in Loreto, golden rim gets to share in the upside should Teck make a significant copper discovery,” said Mackay.
Loreto is 30 km north-east of BHP’s Cerro Colorado mine and 130 km north of Collahuasi and Quebrada Blanca.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















