Copper and gold in La Rioja: Sendero Resources begins drilling at Peñas Negras

Copper and gold in La Rioja: Sendero Resources begins drilling at Peñas Negras
Copper and gold in La Rioja: Sendero Resources begins drilling at Peñas Negras
Share:
Sendero Resources Corp. announced that drilling has commenced at its 100% owned Peñas Negras Project on the Vicuña Belt in La Rioja Province, Argentina.

By Panorama Minero

Highlights

Diamond drilling has commenced for an initial program of 4,500m.

Four priority drill-ready porphyry/epithermal copper-gold targets have been selected for initial drill testing: La Peña, Tamberías, La Ollita and Cerro Verde South.

Drilling has commenced at La Peña with two planned holes at approximately 500m each.

A recent detailed ground magnetic survey at La Peña confirmed the large magnetic anomaly centered on the known porphyry and highlights a satellite magnetic anomaly to the north.

Many of the key geological, geochemical, and geophysical features seen at other deposits in the Vicuña Belt, such as Filo del Sol and Josemaria deposits are replicated in Sendero’s priority drill targets.

Sendero Executive Chairman, Michael Wood, commented:

“Drilling has commenced on schedule, and we are very excited to be drilling and now be able to gain a greater understanding of the multiple copper-gold porphyry and epithermal targets we have on the Peñas Negras project. We are starting at La Peña where the ground magnetics has confirmed in more detail the scale of the magnetic anomaly and also the potential for a satellite porphyry intrusive to the North”.

La Peña Ground Magnetics

La Peña is ranked as Sendero’s highest priority target. It has many typical features of Andean copper-gold porphyry deposits. The mineralised system is exposing at an optimum level of erosion, just above the interpreted high-grade copper-gold zone. Favorable features of the exposed diorite porphyry are intense potassic alteration, stockwork magnetite-quartz veining, and the presence of copper sulfides and oxides. Two initial holes are programmed at La Peña.

The recently completed detailed ground magnetic survey has confirmed the same shape and size of the strong magnetic response seen in historical airborne magnetic data centered on the known porphyry intrusive. The large discrete magnetic anomaly with potassic alteration measures approximately 800m long and 500m wide. Another magnetic anomaly located about 1000m to the north opens the possibility of a satellite porphyry system.

Ongoing Work Program

Regarding the recently completed geophysical surveys from the other priority targets, the company is awaiting results and will provide updates once all the information is received and processed for each target. Ground magnetics and induced polarization surveys have been completed at Tamberias and La Ollita and ground magnetics is being conducted at Cerro Verde South.

Published by: Panorama Minero

Category: News

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the article: NGEx Minerals Expands Exploration at Lunahuasi Following Outstanding Copper and Gold Intersections in San Juan

NGEx Minerals Expands Exploration at Lunahuasi Following Outstanding Copper and Gold Intersections in San Juan

Vancouver-based exploration company NGEx Minerals Ltd. has announced exceptional results from Phase 3 of its drilling program at the Lunahuasi project, located in the province of San Juan, Argentina. This high-grade copper, gold, and silver project is 100% owned by the company. The results have prompted an expansion of the drilling program to 25,000 meters, with two additional drill rigs to be added in February, bringing the total to eight rigs in operation.
Illustrative image for the article: Trump Sworn in as U.S. President Again: Implications for the Energy Transition and Global Mining

Trump Sworn in as U.S. President Again: Implications for the Energy Transition and Global Mining

Donald Trump was inaugurated as the 47th President of the United States on January 20, marking the beginning of his non-consecutive second term. His return to power has sparked expectations and debates around key policies such as international trade and mining, both of which hold strategic importance for the years ahead. Argentine President Javier Milei’s attendance at the inauguration underscores potential ties between the new administration and Argentina, a pivotal player in supplying essential resources for the energy transition.
Illustrative image for the article: Local Development: Glencore Pachón Trains Calingasta Residents with a Focus on Industrial Projects

Local Development: Glencore Pachón Trains Calingasta Residents with a Focus on Industrial Projects

The mining company Glencore Pachón, in collaboration with the construction firm Peri, conducted a training course on scaffolding assembly and use for residents of Calingasta, located in the province of San Juan. The initiative, which involved 22 participants, aims to strengthen technical and safety skills required for construction work, particularly in the context of large-scale mining projects.
Illustrative image for the article: China Dominates Mining Exports from Argentina's NOA Region in 2024

China Dominates Mining Exports from Argentina's NOA Region in 2024

The provinces of Northwestern Argentina (NOA), comprising Catamarca, Jujuy, and Salta, continue to solidify their position as a strategic hub for national mining, with mining exports in November 2024 reaching US$146 million. This performance marked a year-on-year growth of 31.4%, driven primarily by an increase in lithium export volumes, one of the region's most prominent resources.
Illustrative image for the article: Copper: BHP and Lundin Mining finalize the acquisition of Filo Corp

Copper: BHP and Lundin Mining finalize the acquisition of Filo Corp

In a move that reinforces their position in the global mining industry, BHP and Lundin Mining have completed the acquisition of Filo Corp., a company listed on the Toronto Stock Exchange and the owner of the Filo del Sol (FDS) copper project, located in the Vicuña district between Argentina and Chile. This step marks a key milestone in the expansion of both giants in the copper market, a critical mineral for the energy transition and global technological growth.
Challenger Gold Completes Strategic Placement and Initiates Processing Agreement at Casposo

Challenger Gold Completes Strategic Placement and Initiates Processing Agreement at Casposo

Australian company Challenger Gold (ASX: CEL) announced the completion of a strategic placement for US$6.6 million with an entity controlled by Eduardo Elsztain, who becomes the company's largest shareholder with a 12.7% stake. Additionally, the initial payment of US$2 million was made under the Toll Processing Agreement with Casposo Argentina Mining Limited, securing the processing of 150,000 tons of Hualilán material annually for three years, with a total guaranteed capacity of 450,000 tons.
Galan Lithium Secures Permit to Expand Production in Catamarca

Galan Lithium Secures Permit to Expand Production in Catamarca

Australian junior Galan Lithium Limited (ASX:GLN) has received approval from the Ministry of Mining of Catamarca for the Phase 2 exploitation permit for its Hombre Muerto Oeste (HMW) lithium brine project. This permit enables the company to expand its production capacity to 21,000 tons per year of lithium carbonate equivalent (LCE), subject to project financing and the implementation of Phase 1, which targets an output of 5,400 tons per year of LCE.
Arcadium Lithium Secures Key U.S. Approval, Advancing Rio Tinto Acquisition

Arcadium Lithium Secures Key U.S. Approval, Advancing Rio Tinto Acquisition

Arcadium Lithium, a leading global producer of lithium chemicals, has obtained approval from the Committee on Foreign Investment in the United States (CFIUS) for its acquisition by Rio Tinto. This clearance removes one of the final regulatory hurdles for the deal initially announced in October 2024.