Gold Hart Copper Corp. announced the acquisition of three new gold- copper-silver properties in Chile. Specifically, Gold Hart has acquired the Pingo Property, Nessa Property, and Manto Carolina Property, with the acquisitions increasing Gold Hart's total land position in Chile by approximately 30%.
These new Gold Hart properties are situated on Chile's Paleocene-Eocene Belt on the famous Domeyko Fault, with Kinross' La Copia Gold Mine to the east, Rio2's Fenix-Maricunga Gold asset to the south, and Chile's state-owned Codelco's Portrerillos & El Salvador Copper Mines just to the north. Further north on this same mineral belt are some of the world's largest mines including Chuquicamata and Collahuasi. The largest copper mine in the world, Escondida - originally discovered by Gold Hart's Co-founder Dr. Frutos in the 1970s - is also on this Chilean Belt.
The Pingo Property was recognized and personally staked by Gold Hart co-founder Dr. Frutos nearly two decades ago, due to its unique surface alteration - visible from satellite imagery - with high grades on surface and several historic mines which exploited gold, copper and silver at or near surface via pits and shallow tunnels. The historic mines coincide with a pervasive yet intense hydrothermal alteration (silicic-argillic to quartz-sericitic with abundant kaolin in the central part) with a halo of propilitic alteration in the periphery, with disseminated gold-copper-silver mineralization throughout. Upon acquiring the Pingo Property, Gold Hart was then able to quickly claim the adjacent Nessa Property, which hosted several historic artisanal mines and its own surface alteration.
Prior geophysics suggested the magnetic anomaly of Pingo extends onto Nessa, and therefore Gold Hart was compelled to combine the two properties. Just SE, Gold Hart staked Manto Carolina, immediately adjacent to a former artisanal high-grade copper mine with an exposed copper manto and visible copper at surface, which Gold Hart believes may extend onto this property. This represented a unique opportunity to conduct another roll-up of historic and high-potential assets, wherein the Company was able to leverage its in-country relationships and proprietary access in order to consolidate three historic assets proximal to majors, without any future payments or royalties whatsoever.
While these new properties are not immediately adjacent to Gold Hart's existing land package in the Vicuna District (3.5hrs east of Copiapo), they are strategically in the same Atacama region of Chile and also proximal to the same central mining city of Copiapo, Chile (1.5hrs north of Copiapo) where Gold Hart maintains an office.
