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MOQUEGUA 

BACKGROUND

The Moquegua Project comprises three separate prospects called Jose Alonso, Agua Blanco and Oscar Alberto. Moquegua is centred approximately 60km south east of Arequipa, within the Palaeocene Southern Peru Copper Porphyry Belt. The three prospects, defining a triangular area of approximately 40km x 15km, are in close proximity to several substantial operating mines, including Freeport McMoran’s +3Bt Cerro Verde Mine and Southern Copper Corporation’s Cuajone porphyry mine and Metminco’s Los Calatos Deposit.

OWNERSHIP & TENURE

The concessions that comprise the three Moquegua prospects are 100% owned by the Company’s Peruvian subsidiary – Inca Minerales.

  • Jose Alonso comprises two concessions and has a total area of 2,000ha. It is located in the district of Torata in the Moquegua Department. The closest town, Caimán, is three kilometres from the project. There are no cultivated lands within the project area.
  • Agua Blanco comprises four concessions and has a total area of 2,000ha. It is located in the district of Quinistaquallas in the Moquegua Department. The closest town, Agua Blanco, is one kilometre from the project. There are no cultivated lands within the project area.
  • Oscar Alberto comprises two concessions and has a total area of 1,000ha. It is located in the district of La Capilla in the Moquegua Department. The closest town, Caimán, is two kilometres from the project. Cultivated lands cover approximately 10% of the project area.
     

FUTURE EXPLORATION

As the Company’s flagship Chanape Project matures, so is the intention to mature the Company’s southern projects. To this end Inca has commenced preliminary exploration at Moquegua with results pending.

All the Company’s Moquegua prospects are considered prospective for Cu-Mo-Au porphyry They are early stage exploration with known mineralisation and porphyry-style alteration. The Company intends exploring the known occurrences of mineralisation and to undertake a broad-based geophysics and geochemical sampling program simultaneously at all prospects.