• Field work at the Tambo South target has started comprising surface sampling and geological mapping
  • The start of these activities means exploration over the TMT project has progressed north to focus on the two highest priority areas
  • Belararox’s exploration director and chief technical consultant are currently on site leading the activities

 

Special Report: Belararox has started field work at Tambo South – the fifth of 12 such targets within the Toro-Malambo-Tambo (TMT) project in Argentina – with testing under way for sulphidation epithermal and porphyry style mineralisation.

Belararox (ASX:BRX) is undertaking a detailed exploration program comprising systematic surface sampling and Anaconda geological mapping at the Tambo South target, to the north of Filo Mining Corp’s Filo Del Sol mine.

Filo Mining boasts a market capitalisation of around $3.1 billion, with BHP recently investing $113.16 million to secure a 5% stake in the company.

The Filo del Sol deposit has an estimated 644Mt resource with average grades of 0.31% copper, 0.32g/t gold and 10.1g/t silver.

Another major discovery within close proximity to the TMT project is Vancouver-based NGEx Minerals and its Lunahuasi project, which recently intersected bonanza-grade intervals of up to 4.56% copper equivalent from 192m.

BRX’s geological team believe Tambo South shares similar characteristics to that of Filo Del Sol with its ASTER and senteinial2 interpretation, carried out by BRX chief technical advisor and porphyry specialist Dr Steve Garwin.

Belararox (ASX:BRX)
Team of geologists at Tambo South. Pic: Supplied (BRX)

 

‘Very advantageous position’

BRX exploration director Jason Ward says the initial field visit to Tambo South was very encouraging and confirmed the company’s view it is a high-priority target.

“To have such a large alteration system located at the intersection of major structural lineaments in this geological setting places the company in a very advantageous position,” he says.

“Mapping and sampling are under way and will be followed up with a drone magnetic survey in order to plan drill targets.”

Belararox (ASX:BRX)
BRX chief technical consultant Dr Steve Garwin at the Tambo South target area. Pic: Supplied (BRX)

 

 

What’s next?

As well as the soil, rock chip and Anaconda geological mapping programs, BRX plans to interpret the initial talus/colluvium sampling programs at Toro South following the receipt of assay results.

BRX will also deploy a biologist to establish an environmental baseline to ensure compliance with flora and fauna regulations, as well shortlist potential geophysical contractors to supply ground-based surveys across the Toro South, Toro North, Toro Central, Malambo and Tambo South targets.

 

 

 

This article was developed in collaboration with Belararox, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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