In Santa Cruz province, high-grade results from La Morocha, La Negra SE and La Morocha SE confirm Joaquin as a district-scale silver-gold system.
The government has introduced a legislative package establishing a long-awaited royalties framework and a “rapid-action” Environmental Compensation Fund. These legislative initiatives were presented together with the Environmental Impact Declarations (DIAs) for PSJ Cobre Mendocino and Malargüe Mining District, confirming the government’s commitment to moving forward with the development of the mining sector.
Businessman Juan José Retamero, head of Aisa Group, announced that the group plans to allocate more than US$500 million over the next three decades to public good projects in Argentina. The funds will come from the returns on investments made with capital recovered through various ongoing legal proceedings and will be channeled through a foundation established by the company.
Minsud Resources Corp. announced receipt of assay results from fifteen (15) additional drill holes completed in the recently finalized in-fill and selective peripheral diamond drilling campaign at the supergene-enriched Chita South Porphyry (PSU) Cu-Mo-Au deposit, part of the Chita Valley Project in San Juan province.
Located in San Juan, Argentina, the Casposo mine has resumed operations after six years on care and maintenance, with a refurbished plant, initial production results, and promising expansion prospects. The complex is also set to process third-party ore starting next year.
With the goal of eliminating all legal restrictions in the 20,000 km² district, the administration is promoting the approval of 27 projects in the Legislature and advancing another 71 cases to boost copper exploration.
The Canadian firm Daura Gold may acquire up to 80% interest in the Cerro Bayo and La Flora projects, located in Argentina’s Deseado Massif. The deal includes 28,000 meters of drilling and payments totaling up to US$2.1 million.
The provincial government has issued the Environmental Impact Statement and submitted the file to the Legislature, in accordance with Law 7.722. The proposed investment totals US$559 million.