The Comita Porphyry Copper Gold Project is a joint venture with rights for Rugby to earn up to 60% interest. The project is located 100 kilometres southwest of Medellin in the Choco Province of western Colombia which is an emerging mining / exploration district. Choco is currently the second largest gold producing province of Colombia and is known only for its historical and present day alluvial mining operations. There are no modern mining operations in hard rock, although both junior and major resource companies alike have initiated exploration programmes in the Western Cordillera in search of porphyry ore bodies. This zone remains virtually untouched by modern exploration methods, with the last major regional sampling program conducted by the German BGR-Ingeominas survey in 1983-1987.
The area was first recognised during the 1980’s by a German government (BGR) reconnaissance exploration program which identified extensive and strongly anomalous copper stream sediment geochemistry which defined outcropping porphyry copper style mineralization. The zone of strong stream sediment copper anomalism and a river cut through the porphyry shows high grade near surface mineralisation, indicating an immediate drill target. This porphyry drilling target is further strengthened by the airborne geophysical anomaly.
The Project is situated within undulating terrain with elevation, ranging from 230 metres to 815 metres above sea level. Mineralization is hosted by a sequence of felsic tuffs, proximal to and immediately west of the contact with a number of syenite to monzonite intrusives. Previous exploration by the BGR indicates potential for an enriched supergene blanket containing chalcocite after bornite, cuprite, malachite and native copper. Molybdenite was also observed. Alteration appears similar to other large porphyry copper systems where primary magnetite is replaced by hematite (martitization). Mineralized outcrops of stockwork quartz-bornite veining occur within the property. To date, no systematic modern exploration or drilling has been conducted on the property.
Certain information contained herein can be considered forward Looking. Please click here to review the Company's cautionary statement for investors. Francisco Montes, the Company’s Chief Geologist and a “qualified person” within the definition of that term in NI 43-101, has supervised the preparation of the technical information contained on this webpage.