Kobrea Exploration Confirms Larger Porphyry System at El Perdido, Boosting Mendoza Mining Prospects

What's Happening?

Kobrea Exploration Corp., a Canadian mining company, has announced that recent geophysical and remote sensing studies have revealed that the copper-gold-molybdenum porphyry system at the El Perdido project in Mendoza is significantly larger than previously estimated. The studies, including aerial magnetometry and ASTER remote sensing, suggest an extension of the system measuring 2 kilometers by 2 kilometers, indicating mineralization beneath colluvial material to the east. This discovery positions El Perdido as a key project in the Western Malargüe Mining District, with plans to commence drilling soon. Governor Alfredo Cornejo has urged the sector to accelerate investment in exploration, emphasizing the need to move beyond geological mapping and surface sampling.

Why It's Important?

The confirmation of a larger porphyry system at El Perdido is a significant development for the mining industry in Mendoza, potentially revitalizing the region's economic prospects. The project aligns with Governor Cornejo's call for increased exploration investment, which could lead to substantial economic benefits for the province. The discovery of hydrothermal breccia units, common in world-class porphyry deposits, further enhances the project's potential, attracting interest from investors and stakeholders. This development could lead to increased job opportunities and economic growth in Mendoza, contributing to the broader mining sector in Argentina.

What's Next?

Kobrea Exploration plans to begin drilling at El Perdido, with the construction of a 14-kilometer access road and exploration camp underway. The drilling program, conducted by Conosur Drilling S.A., will test the geological model and validate the project's potential. As the first project to reach the drilling stage in the Western Malargüe Mining District, El Perdido sets a precedent for other approved projects to follow. The success of this initiative could encourage further exploration and investment in the region, potentially leading to a mining boom in Mendoza.