Belararox nabs key environmental approval for Argentinian base metals project
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Belararox has received approval of the key Environmental Impact Assessment (EIA) over the Toro tenure, taking it to a total of 3 approved EIAs out of the 9 submitted for its Toro-Malambo-Tambo (TMT) project in Argentina.
The TMT project is in the country’s San Juan Province, where exploration activities have focussed on the underexplored gap in the El Indo Metallogenic Belt and the Maricunga Metallogenic Belt.
Belararox (ASX:BRX) is focused on exploring between proven deposits in the region like Lundin Mining’s Filo del Sol project, which returned 1338m at 1.33% copper from 150m, and Barrick Gold and Shandong Gold’s Valedero JV which has a 6.1Moz gold resource.
The company has already identified 11 high-sulphidation epithermal and/or porphyry mineralisation targets within the project which will be explored in an expansive exploration program.
Having achieved approval for 3 EIAs, the company holds a positive outlook regarding the upcoming authorisation of the remaining 6 assessments.
“As the drilling season begins, these EIA approvals are perfectly timed. It’s an exciting time for Belararox in Argentina,” MD Arvind Misra told Stockhead.
The Toro EIA is the most important of the EIAs submitted to date because it includes the authorisation of up to 8,000m of diamond drilling in addition to the upgrading of main infrastructure critical to the project, such as the campsite and primary access tracks.
The initial activities will also provide a pathway to investigating and confirming previous drilling intercepts of:
“We will confirm historical results and explore new areas with a focus on mineralisation,” MD Arvind Misra said.
Exploration director Jason Ward is relocating to Argentina to lead the exploration team and is keen to kick off field work at TMT.
“The timing couldn’t be better with the beginning of the field season, and I am excited to be moving back to Argentina to lead the team exploring in the Andes once again,” he said.
“With multiple untested porphyry targets at the junction of two of the world’s richest metallogenic belts who wouldn’t be.
“I’m also looking forward to working once again with Dr Steve Garwin who will be joining us there later this year.”
Planned activities to commence shortly include:
Once refurbished the campsite provide a fuel depot for extended exploration operations into the northern targets, which include Tambo South and Tambo V.
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.