TSX-V: SLMN
ASX: SLM
FSE: 08W
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Ilo Este & Ilo Norte, Peru
OVERVIEW
The Ilo Este Project is a large copper porphyry system with coincident gold, silver and molybdenum located within southern Peru’s costal copper belt. Mineralisation has been mapped at surface over more than three square km’s.
The Ilo Norte Project located in the Arequipa Region consists of four contiguous concessions covering 3,300 ha located in southern Peru’s costal copper belt. The large alteration system is-10km long and several hundred metres thick and hosts IOGC and Skarn Replacement style mineralisation in a package of Jurassic Volcano-sedimentary rocks. The claim block is located 5 km from the road, 10 km from a copper smelter and 29 km from deep ocean Port of Ilo.
DEPOSIT TYPES
Porphyry copper deposits are the world’s largest source of copper mined today and are generally the lowest unit cost mines due to their size and additional bi-product credits for Mo, Au, Ag and other metals. Peru and Chile together produce around one third of the world’s copper and the western flanks of the Andes Mountains in southern Peru are host to Peru’s largest and most prolific copper producers.
PROPERTY LOCATION
ACCESSIBILITY & LOCATION
The Ilo Norte and Ilo Este projects can be accessed initially via Arequipa, Peru’s second largest city that is 760km south-east of the capital Lima with a population of approximately 890,000 people. Arequipa has most products and services available for operating an exploration project. It is serviced by many daily flights from Lima as well as major highways and a railroad. From Arequipa, it is an approximately 220km, four-hour car journey to the port town of Ilo which acts as the base point for operations for both the Ilo projects.
Although the Ilo Norte concessions are approximately 22km north along the coastal highway to gain access to the higher and most prospective part of the concessions, it is necessary to travel northeast initially on the Pan American highway 78km to the Department capital Moquegua and continuing 32km to the small village of Cruz Misionera. From there its necessary to travel to the south-west on gravel tracks approximately 26km to the project site.
