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Norseman Signs Exclusive Option to Acquire the Caballos Copper Project in Chile
(TheNewswire) Vancouver, British Columbia - TheNewswire - November 30, 2023 - Nor...
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[{"type":"text","content":"Norseman Signs Exclusive Option to Acquire the Caballos Copper Project in Chile\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n November 30, 2023 -\n \n Norseman Silver\nInc.\n \n (TSXV:NOC) (OTC:NOCSF)\n \n (“\n \n Norseman\n \n ” or the\n“\n \n Company\n \n ”) is pleased to\nannounce it has secured an exclusive option to acquire 100% of the\nCaballos Copper Project, located in the Valparaiso Region of Chile,\nfrom Asesorias y Inversiones J.V&A. Ltda and Inversiones y\nAsesorias Doce S.A (“the\n \n Vendors\n \n ”). The project comprises 18,000 Ha of concessions,\nat an average altitude of 2,200 m. The project is located 210 km by\nroad to Santiago, 56 km south of Los Pelambres, 97 km north of Los\nBronces, and 80 km from the coast.   The option agreement was signed\non November 23, 2023.\n \n \n Highlights:\n \n \n \n \n Anomalous copper in several zones along a 10 km structural corridor\n \n \n \n \n Coincident soil and geophysical anomalies form a large target at\n“Cerro Las Mulas”\n \n \n \n \n Cerro Las Mulas is drill-ready and hosts mineralization at surface\n \n \n \n \n Campbell Smyth, Norseman's Chairman, commented:\n \n \n “Caballos offers a unique opportunity to explore a significant\ncopper target that was advanced to its current drill-ready status by\nVale. The project is located on the flanks of a geological belt that\nstretches from Antofagasta plc’s Los Pelambres mine to Anglo\nAmerican’s Los Bronces copper mine. Los Pelambres and Los Bronces\nhave endowments of 36 million and 44 million tonnes of contained\ncopper respectively. Both operations produce over 300,000 tonnes of\ncopper annually.\n \n \n Norseman is exploring in the land of giants and there is an ongoing\nshortage of large copper assets with good grade, clean metallurgy and\nsimple geometry. Caballos is a strategic land holding with abundant\ncopper, gold and molybdenum mineralization, in the world’s premier\ncopper jurisdiction. We plan to drill Caballos in the second half of\n2024 and are currently building up our local exploration team.”\n \n \n Merlin Marr-Johnson, Technical Advisor to Norseman, added:\n \n...