Peter Berdusco, CEO of Guyana Goldstrike, dba Copper X Mining Inc. (TSX-V:GYA), joined Proactive's Stephen Gunnion with details of the company's recent acquisition of the Jupiter copper project in Antofagasta, Chile from Jupiter Electric Metals (TSX-V:EML).
He said the new venture aligns well with the region's geological potential and stable jurisdiction and positions the company alongside major producers in a rich mining environment.
The belt hosts several world-class mine operations including Michilla, Antofagasta’s Antucoya, Mantos Copper’s Mantoverde and Mantos Blanco, Teck’s Carmen de Andacollo, Lundin’s Candelaria, Anglo American’s El Soldado; and major projects including Marimaca Copper Corp (TSX:MARI)’s Marimaca, Hot Chili’s Productora-Cortadera and Capstone’s Santo Domingo.
Berdusco said the company is keen to quickly advance into exploration drilling on the 4,000-hectare flagship project, which has shown promising surface mineralization in various zones, including high-grade copper samples of up to 2%.
The project is accessible by paved road around 90 kilometres south of the city of Antofagasta, the major mining hub in northern Chile, boasts access to renewable power and is adjacent to the ocean to secure access to seawater.
With Chile's streamlined permitting process, Berdusco anticipates quick progression once target identification is completed by the experienced geological team.