Kobrea Receives Approval to Conduct Mineral Exploration at El Perdido and Elena Projects - Western Malargüe Mining District - Argentina
Kobrea Exploration Corp. has received approval from Mendoza Province, Argentina, for mineral exploration activities, including drilling, at its El Perdido and Elena projects in the Western Malargüe Mining District. The approval covers 34 mining projects following extensive public hearings and technical analysis. El Perdido Project features a 2x3km hydrothermal alteration footprint with a porphyry Cu-Au-Mo system. Elena Project encompasses a 5x7km trend with three porphyry prospects: Las Cargas, Tiburcio, and Cerro Bayo. This marks the first-ever drilling approval for Kobrea's projects, with five more projects awaiting approval.
Kobrea Exploration Corp. ha ricevuto approvazione dalla provincia di Mendoza, Argentina, per attività di esplorazione mineraria, inclusi i lavori di perforazione, nei suoi progetti El Perdido ed Elena nel distretto minerario occidentale di Malargüe. L'approvazione riguarda 34 progetti minerari, a seguito di ampie audizioni pubbliche e analisi tecniche. Il Progetto El Perdido presenta un'area di alterazione idrotermale di 2x3 km con un sistema porfirico Cu-Au-Mo. Il Progetto Elena comprende una tendenza di 5x7 km con tre prospetti porfirici: Las Cargas, Tiburcio e Cerro Bayo. Questa rappresenta la prima approvazione di perforazione per i progetti di Kobrea, con altri cinque progetti in attesa di approvazione.
Kobrea Exploration Corp. ha recibido aprobación de la provincia de Mendoza, Argentina, para actividades de exploración mineral, incluidas las perforaciones, en sus proyectos El Perdido y Elena en el distrito minero occidental de Malargüe. La aprobación cubre 34 proyectos mineros tras extensas audiencias públicas y análisis técnicos. El Proyecto El Perdido presenta una huella de alteración hidrotermal de 2x3 km con un sistema porfirítico Cu-Au-Mo. El Proyecto Elena abarca una tendencia de 5x7 km con tres prospectos porfiríticos: Las Cargas, Tiburcio y Cerro Bayo. Esta es la primera aprobación de perforación para los proyectos de Kobrea, con cinco proyectos más pendientes de aprobación.
Kobrea Exploration Corp.는 아르헨티나 멘도사 주에서 엘 페르디도 프로젝트와 엘레나 프로젝트에 대한 광물 탐사 활동을 포함한 시추 승인을 받았습니다. 이 승인에는 광범위한 공청회와 기술 분석 후에 34개의 광산 프로젝트가 포함됩니다. 엘 페르디도 프로젝트는 2x3km 크기의 수열 변이 발자국과 함께 구리-금-몰리브데넘 시스템을 갖추고 있습니다. 엘레나 프로젝트는 Las Cargas, Tiburcio 및 Cerro Bayo라는 세 개의 포르피리 탐사지를 포함하는 5x7km의 경향을 포함합니다. 이는 Kobrea의 프로젝트 중 첫 번째로 받은 시추 승인으로, 더 많은 다섯 개 프로젝트가 승인을 기다리고 있습니다.
Kobrea Exploration Corp. a obtenu l'approbation de la province de Mendoza, en Argentine, pour des activités d'exploration minérale, y compris le forage, sur ses projets El Perdido et Elena dans le district minier de Malargüe, à l'ouest. L'approbation concerne 34 projets miniers suite à de nombreuses audiences publiques et à une analyse technique approfondie. Le projet El Perdido présente une empreinte d'altération hydrothermale de 2x3 km avec un système porphyrique Cu-Au-Mo. Le projet Elena comprend une tendance de 5x7 km avec trois perspectives porphyriques : Las Cargas, Tiburcio et Cerro Bayo. C'est la première approbation de forage pour les projets de Kobrea, avec cinq autres projets en attente d'approbation.
Kobrea Exploration Corp. hat von der Provinz Mendoza in Argentinien die Genehmigung für mineralische Erkundungsaktivitäten, einschließlich Bohrungen, für ihre Projekte El Perdido und Elena im westlichen Malargüe Bergbaubezirk erhalten. Die Genehmigung umfasst 34 Bergbauprojekte, die nach umfassenden öffentlichen Anhörungen und technischen Analysen erteilt wurden. Das Projekt El Perdido weist eine hydrothermale Veränderungsfläche von 2x3 km mit einem porphyrischen Cu-Au-Mo-System auf. Das Projekt Elena umfasst einen Trend von 5x7 km mit drei porphyrischen Perspektiven: Las Cargas, Tiburcio und Cerro Bayo. Dies ist die erste Genehmigung für Bohrungen für die Projekte von Kobrea, wobei fünf weitere Projekte auf Genehmigung warten.
- First-ever drilling approval received for El Perdido and Elena projects
- El Perdido Project shows significant potential with 2x3km hydrothermal alteration footprint
- Elena Project contains three promising porphyry prospects across 13,818 hectares
- No previous drilling data available for assessment
- Five remaining projects still pending approval
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to announce that the Senate and the Chamber of Deputies of the Province of Mendoza, Argentina, have ratified Environmental Impact Statements for 34 projects in the Western Malargüe Mining District (the "WMMD"). As part of this approval, two of Kobrea's projects, El Perdido and Elena, have been approved for mineral exploration activities, including drilling.
"This is a huge step forward in the development of the Western Malargüe Mining District," commented James Hedalen, CEO. "This is the first time ever that mineral exploration including drilling has been approved on any of Kobrea's projects. We are extremely excited to get on the ground at El Perdido and Elena to begin field work that will culminate with the first ever drill program at Kobrea's projects. I would like to thank the government of Mendoza, Impulsa Mendoza and the project vendors for their many years of hard work to get to this point."
Environmental Impact Statements
On November 12, 2024, Environmental Impact Statements for 34 projects were ratified in the Provincial Legislature, allowing for the exploration and development of 34 mining projects in the department of Malargüe. The approval of the first 34 projects came after an extensive process of public hearings, citizen participation, and technical analysis. Over the course of the next few months, more projects, including the remaining five projects held by Kobrea in the WMMD, will undergo the same approval process.
El Perdido Project
The 6,878-hectare El Perdido Project is host to a porphyry Cu-Au-Mo system that has been defined at surface but has not seen any drilling to date. The porphyry target is characterized as a 2 x 3-kilometre hydrothermal alteration footprint exhibiting classic porphyry alteration assemblages with localized potassic alteration coming to surface (Figure 1). A 900 x 500-metre area of quartz stockwork veining coincides with anomalous copper-gold-molybdenum rock geochemistry, mapped quartz diorite porphyritic intrusions, localized biotite breccias and potassic alteration in an area that is otherwise dominated by phyllic alteration. Interpretation of ground magnetometer data collected in 2013 outlines a subsurface magnetic anomaly measuring roughly 1,000 metres across and extending 1,000 metres to depth that is surrounded by a decreased magnetic signature, representing an attractive geophysical target in the context of porphyry Cu-Au-Mo exploration.
Figure 1. 3-dimensional representation of the porphyry Cu-Au-Mo exploration target at El Perdido.
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Elena Project
The 13,818-hectare Elena Project encompasses an underexplored 5 x 7-kilometre trend of high-level hydrothermal alteration that may be associated with one or more porphyry copper ± gold ± molybdenum systems. Three historically identified porphyry prospects occur on the Elena Project: Las Cargas, Tiburcio and Cerro Bayo (Figure 2).
Figure 2. Map and images showing porphyry Cu ± Au ± Mo prospects at Elena Project.
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The Las Cargas prospect is characterized as a 1.5 x 1.5-kilometre colour anomaly with widespread phyllic-argillic alteration where limited historical rock sampling identified chalcocite-cemented breccias grading up to
Qualified Person
The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Chief Geologist and Director of Kobrea Exploration Corp. and a Qualified Person under National Instrument 43-101. The technical information referenced in this release relates to historical exploration completed by previous operators of the Property and the Company has not verified such historical results.
About Kobrea
Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition and exploration of base metal projects. Kobrea holds the right to earn a
For more information, please consult the Company's filings, available at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "James Hedalen"
James Hedalen
CEO & Director
Contact Information
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email: James@kobreaexploration.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company, including statements respecting (i) the Company's plan to get on the ground at El Perdido and Elena to begin field work that will culminate with the first ever drill program at a Company project and (ii) Kobrea's remaining projects in the WMMD undergoing the environmental impact statement review process and the timing thereof. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
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FAQ
What projects did Kobrea (KBXFF) receive exploration approval for in November 2024?
What is the size of Kobrea's (KBXFF) El Perdido Project?
What are the three porphyry prospects at Kobrea's (KBXFF) Elena Project?
