en.Wedoany.com Report, Pampa Catamarca, a subsidiary of NGEx Minerals, announced that it will commence drilling operations at the Valle Ancho-Interceptor project in Catamarca Province, Argentina. The drilling is scheduled to begin in September, aiming to assess the geological potential of the area, which is considered highly prospective for copper and gold deposits. Company executives have presented this plan to Governor Raúl Jalil and disclosed the investment arrangements for the coming months.
The Valle Ancho-Interceptor exploration block covers approximately 1,000 square kilometers of high-altitude mountainous terrain, with geological characteristics favorable for metal mineralization. Activities will focus on identifying copper-gold porphyry systems. The block integrates the Interceptor area, strengthening the public-private partnership through an agreement with the state-owned company Camyen. The project aims to unlock Catamarca's copper potential and synergize with other development projects, consolidating the region's position as a strategic hub for Argentina's metal mining industry.
The Valle Ancho project is located on the Argentine side of the Maricunga gold belt, a significant geological belt in South America. The Chilean side has identified over 100 million ounces of gold, while the Argentine side, despite similar geological conditions, has seen less exploration. Since finalizing the agreement with Catamarca Province in 2022, NGEx Minerals holds full ownership of the project, enabling comprehensive development.
Historically, the area was explored in the 1990s, identifying several copper-gold targets, but activity has been limited over the past two decades. Recent exploration, particularly work conducted in 2021-2022, confirmed a copper-gold porphyry system at the La Quebrada target, enhancing the project's potential. This supports the decision to initiate a new drilling phase in 2026 to delineate resources and assess economic viability.
Company executives, including President Martin Rode and Corporate Affairs Director Alfredo Vitaller, reaffirmed their commitment to developing the project according to responsible standards, promoting local development and community engagement. The advancement of the Valle Ancho-Interceptor project positions Catamarca as an attractive destination for mining exploration investment against the backdrop of growing global demand for copper and gold.
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