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Fuerte Metals Geophysical Survey Confirms Two Significant Porphyry Cu-Au Targets at its Placeton Project, Chile
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2025) - Fuerte Metals Corporation (TSX...
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[{"type":"text","content":"Fuerte Metals Geophysical Survey Confirms Two Significant Porphyry Cu-Au Targets at its Placeton Project, ChileVancouver, British Columbia--(Newsfile Corp. - January 13, 2025) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) (\"Fuerte\" or the \"Company\") is pleased to report results from a recently completed geophysical surveying program, along with a compilation and review of historical data, at its Placeton Project in Chile. The 100% owned Placeton project consists of 7,257 Ha of exploitation concessions with two undrilled porphyry copper-gold targets situated between the world class Relincho and El Morro/La Fortuna porphyry copper-gold deposits of the Nueva Union project (Figures 1 & 2). Nueva Union is a joint venture between Teck and Newmont Mining and currently hosts Proven and Probable Mineral Reserves of 19.7 billion pounds of copper and 10.3 million ounces of gold (Teck 2022 Annual Information Form).The Placeton project is approximately 55 km east of the mining city of Vallenar in the Atacama Region of northern Chile. The project is accessible from several directions by road and is surrounded by the Nueva Union joint venture.Tim Warman, Atacama's CEO, commented: \"Results from the recent geophysical surveys, along with the known surface alteration, geochemical anomalies, and the age of the intrusives have defined a pair of excellent, shallow copper-gold porphyry targets at less than 4,000 m elevation at Placeton and Caballo Muerto. It's quite remarkable that these targets have never been drill tested, given their location in the midst of a giant copper porphyry district and the prominence of the alteration systems, particularly at Caballo Muerto. Previous companies working in the area were aware of the targets, but Fuerte is the first to carry out sufficient work to bring them to a drill-ready state. The next stage of exploration will involve drill testing both the Placeton and Caballo Muerto targets.\"Project HighlightsThe Placeton project hosts two large, shallow copper-gold porphyry targets (Caballo Muerto and Placeton) defined by geology and alteration, surface geochemistry, the age of the intrusives and geophysics. Caballo Muerto TargetThe Caballo Muerto target is defined by a prominent zone of porphyry-style alteration coincident with a semi-circular hill approximately 900 by 500 metres in size, below 4...