Ataspaca, Southern Peru Porphyry Copper Belt
The Ataspaca Property covers a 1.5-square-kilometre copper-molybdenum-gold anomaly coincident with hydrothermal alteration, and is prospective for a high-level porphyry copper deposit. The project is situated in the Department of Tacna, about 75 kilometres northeast of the city of Tacna in the Department of Tacna, and lies within a known porphyry copper belt straddling southern Peru and northern Chile.
Bear Creek has earned a 50% interest in the project from Southwestern Resources Corporation through exploration expenditures in 2004. While a 500-metre drilling program returned anomalous copper-gold-molybdenum mineralization, the target depth of the potentially economic porphyry copper system exceeded the Company's target objectives.
In 2005, equal partners Bear Creek and Southwestern Resources entered into a preliminary agreement allowing Anglo American Peru to earn 60% of the property through exploration programs that include the drilling of deeper holes. Anglo American plans to begin drilling in 2007.
Maps & Sections
Ataspaca Drill Results, June 2004 (PDF, 25 Kb)
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