Belararox has secured the EIA for the Lola target, allowing it to start advanced exploration. Pic via Getty Images
Mining
Special Report: Belararox can now proceed with advanced exploration activities at its Toro-Malambo-Tambo (TMT) project’s Lola target in Argentina after the environmental impact assessment was approved.
The TMT project boasts similar characteristics to nearby discoveries on the same belt, such as the C$3.1 billion Filo Mining Corp’s 644Mt Filo Del Sol mine that is backed by BHP, as well as the Los Helados and Potro Cliffs projects being developed by TSE-listed NGEx Minerals.
Filo Del Sol holds both high-grade sulphide epithermal copper-gold-silver deposits and copper-gold porphyry mineralisation, with exploration returning average grades of 0.31% copper, 0.32g/t gold and 10.1g/t silver.
Belararox’s (ASX:BRX) exploration has been focused on revealing the TMT project’s epithermal mineralisation and porphyry potential.
Early stage activities at the Tambo South target – one of 12 high priority exploration targets – returned characteristics of a high sulphidation setting or the upper levels of a porphyry system.
BRX has now received the EIA for the Lola target – the 10th ranked priority target at TMT – allowing it to carry out activities, such as surface sampling and mapping, track construction and maintenance, and drilling.
It will also be the sixth high-sulphidation epithermal and/or porphyry mineralisation target the company will test this field season.
The approval means that eight of the nine EIA’s submitted by the company have been given the green light.
“The approval of the Lola EIA enables the TMT project to progress fieldwork activities north in a systematic fashion at one of the priority targets identified by exploration porphyry expert Dr Steve Garwin,” BRX managing director Arvind Misra said.
“The persistence of the Argentinean team in communicating with the San Juan Environmental and Mines Department has resulted in speedy approval of the EIA.
“The company thanks the Argentinean team for their efforts in the field season, and we look forward to receiving the final (Malambo 4) EIA approval soon.”
Misra says the company attracted interest of several major mining companies active in South America during the annual Prospectors & Developers Association of Canada (PDAC) conference in Toronto earlier this month.
BRX managing director Arvind Misra and exploration director Jason Ward meeting with official representatives from the Mendoza province, including Governor HE Alfredo Cornejo. Pic: Supplied (BRX)
PDAC was also attended by representatives from provincial governments and mining departments, with Misra and BRX exploration director Jason Ward meeting with officials from the provinces of San Juan, Mendoza and La Rioja during the conference.
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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