Mining has positioned Argentina at the forefront of the activity with the discovery of a deposit of gold, silver, and copper, which has already been categorized as “one of the largest in the world.”
The announcement was made jointly by BHP and Lundin Mining Corporation, and according to initial estimates, it is one of the largest undeveloped reserves of these minerals on the planet.
Likewise, one of the participating engineers in the project highlighted that "we have no idea the amount of riches we must have in our subsoil."
The discovery was made in the deposits that make up Vicuña, including José María and Filo del Sol, all located in the San Juan locality of Iglesia.
The discovery in numbers
In the case of Filo del Sol, 606 million tons (M&I) were found with 1.14% CuEq, including 4.5 Mt of copper, 9.6 Moz of gold, and 259 Moz of silver.
Meanwhile, in Josemaría, 196 million tons (M&I) were discovered with 0.73% CuEq, equivalent to 978 thousand tons of copper, 2.4 Moz of gold, and 11 Moz of silver.
According to the company's estimates, both discoveries could increase, as they offer opportunities for expansion to the east and west ends.
Finally, it was reported that in the Bonita areas to the north and Tamberías to the south, indications of mineralization were discovered in previously conducted drillings.
The company's CEO Jack Lundin expressed his satisfaction after the finding and, in that sense, explained that "Filo del Sol has been one of the most important discoveries of the last three decades.”
“This initial resource demonstrates that we are facing one of the highest-grade undeveloped open-pit copper projects in the world, and also one of the largest reserves of gold and silver. Vicuña is ready to become a world-class mining complex,” he stated.$FIL
