Porphyry hunter Belararox prepares to hit the ground running at TMT copper-gold project
Link copied to
Early exploration work is underway at the exciting Toro-Malambo-Tambo (TMT) copper-gold project in Argentina ahead of a targeted drilling campaign.
Belararox’ (ASX:BRX) 320km2 early stage TMT project is in the underexplored gap between the El Indo and Maricunga metallogenic belts, which host some monster deposits.
El Indo includes the Barrick Gold/Shangdong Gold Veladero joint venture, which is expected to produce 160,000oz-180,000oz of gold from a 6.1Moz resource in 2023, as well as the 22Moz Pascua Lama deposit.
Maricunga hosts Lundin Group’s Filo del Sol epithermal copper-gold-silver deposit — where drilling returned a massive 1,338m intersection grading 1.33% copper equivalent from 150m — as well as the $4.1bn Josemaria porphyry copper-gold mine development.
Belarox reckons it is a game-changer, recently establishing permanent operations in the country, as well as key relationships with government and exploration and mining sector stakeholders.
Infrastructure work including track upgrades and campsite refurbishment is underway at TMT to facilitate exploration.
Meanwhile, EIA approvals in Argentina are a crucial step in getting projects off the ground, and three out of nine recently submitted environmental impact assessments (EIA) have been approved this month for a total of six to date, while the remaining three are pending.
There’s a plethora of ongoing early works being conducted at TMT.
BRX says it’s continuing the upgrade of the south access track to accommodate heavy vehicles and once completed, the refurbishment of the Toro campsite will commence.
After completion of the campsite refurbishment, the explorer plans to dispatch a crew to initiate geological work at the highly prospective Toro and Malambo targets.
Expeditions from the campsite will now shift to the northern targets to assess and ground -truth the track layout to the north, BRX says.
Further steps include:
Exploration director, Jason Ward says the groundwork and other recent developments represent careful planning and execution for the TMT Project.
“The Toro Campsite refurbishment will allow multiple field teams to deploy at the TMT project,” he says.
“The deployed field teams will be overseen by experienced geologists who have contributed to a number of copper/gold porphyry discoveries and resource estimates in South America.”
BRX MD Arvind Misra says the improvements at the TMT project in Argentina are on schedule and key objectives are being met at pace.
“Our recent progress at the TMT project underscores our firm commitment to improving infrastructure and driving forward the environmental assessment process both of which are crucial milestones in our path towards successful exploration and expansion,” he says.
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.