Business
Update at Especularita and San Lorenzo
Update at Especularita and San Lorenzo.
About this update from Great Southern Copper Plc
[{"type":"text","content":"\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n 22 November 2022\n \n \n \n \n \n \n \n \n Great Southern Copper plc\n \n \n \n \n (\"GSC\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Early Exploration at Especularita Identifies Multiple Cu-Au Targets and Completion of Drilling at San Lorenzo\n \n \n \n \n \n \n \n \n \n Prospect-scale Exploration Commenced\n \n \n \n \n \n \n \n \n Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold exploration in Chile, is pleased to announce that district-scale reconnaissance exploration at its Especularita Cu-Au project is progressing well and identifying targets for detailed prospect-scale exploration.\n \n \n \n \n \n \n Highlights:\n \n \n \n \n \n \n ·\n Early reconnaissance exploration identifies prospects with potential for;\n \n \n o \n High grade vein-hosted Au-Cu targets,\n \n \n o \n High grade breccia-hosted Cu+Au targets, and\n \n \n o \n Evidence of a possible porphyry-related Cu-Au alteration system\n \n \n ·\n Up to 7.22 %Cu and 13.1 ppm Au in reconnaissance rock chip samples,\n \n \n ·\n Prospect-scale mapping and sampling already commenced on two initial targets,\n \n \n ·\n Ground magnetic surveys to commence early 2023\n \n \n ·\n San Lorenzo scout drilling completed and assay results received for the first hole\n \n \n \n \n \n The Especularita project is located within the coastal metallogenic belt of northern Chile and is dominated by a large, partially-eroded advanced argillic lithocap formed in volcanic rocks near the contact with a granodiorite batholith. Alteration and mineralisation related to the system is observed over a 100 km2 area and includes skarn-type base-metal deposits, mesothermal Au-Cu veins, and Cu-Au breccia pipes. Near-surface porphyry-style Cu mineralisation may also exist beneath shallow cover and the lithocap.\n \n \n \n \n \n \n \n Reconnaissance geological mapping and sampling across the company's extensiv...