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They found one of the largest mineral deposits in the world between Argentina and Chile

File photo: copper cathode plates in the hidden mine of BHP Billiton, the largest copper mine in the , in Antofagasta, Chile. (Reuters/Ivan Alvarado/Archive)

The mining company Vicuñaa society formed equally by the Canadian Lundin Mining and the Australian BHPconfirmed Monday that integrated projects Filo del Sol y Josemaríalocated on the border between Argentina y Chilethey are located between the ten districts of the world in copper mineral resourcesaccording to a new evaluation of resources.

According to a statement released by the company, “the new evaluation of resources in the Filo del Sol and Josemaría consolidates the position of the project as One of the largest copper, gold and silver deposits worldwide. ”

Filo del Sol y Josemaría They are located in the Argentine of San Juanto the west of the country, although a part of the Sun of the Sun extends through the region of Atacama. The first of the deposits is in the exploration stage, while the is in a preconstruction phase.

The strategic agreement, says the statement, “seeks to take advantage of the synergies between the Filo del Sol and Josemaría deposits, which are in proximity, to optimize the shared infrastructure and allow staggered expansions.”

Mining Exploration Camp
Lundin Mining Exploration Camp in the “Vicuña District”

Together, deposits contain 12.8 million tons of measured copper y 25.1 million inferred tonsin addition to 32.2 million ounces of gold measured y 48.7 million inferred ouncesy 659 million Silver ounces measures along with 808 million inferred ounces. According to the company, most of these resources come from the Filo del Sol site.

Jack LundinPresident and Executive Director of Lundin Mininghe said that “Filo del Sol has been one of the most significant discoveries of the 30 years”. He also added that “Filo del Sol and the Vicuña district are ready to become a World class deposit which will support a world -renowned mining complex. ”

Lundin stressed that Josemaríathe other site that forms the project Vicuña“It stands out for a high law close to the surface.” According to the estimate, it contains 978,000 tons of copper, 2.4 million ounces of gold y 11 million onzas of silver.

File photo-a man passes
Archive-a man photo passes through the of the Mining Company Lundin Group the annual convention of the Association of Prospectors and Developers of Canada (PDAC) in Toronto, Ontario, Canada. (Reuters/Chris Helgren)

Filo del Sol represents a generational discovery, the most relevant finding in unpreciled areas in the last three decades ”the Canadian company said.

With the integration of both deposits under the same operational strategy, Vicuña is emerging as a key actor in the global supply of strategic minerals. The company projects that the joint of Sun edge and Josemaría will allow to optimize infrastructure, reduce costs and accelerate production in a region considered a priority for the growth of the mining sector in South .

(With EFE information)

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