What's Happening?
Orvana Minerals Corp, through its Argentine subsidiary Orvana Argentina S.A., has commenced a geophysical survey at the Taguas Project located in the high Andes of San Juan Province, Argentina. The Taguas property, consisting of fifteen mining concessions
totaling approximately 3,274 hectares, is situated within a well-known Andean mineral belt hosting high-sulfidation epithermal gold-silver-copper and porphyry-style deposits. The company aims to evaluate the broader potential of the Taguas Project, extending beyond the near-surface oxidized gold-silver resource outlined in the 2021 Preliminary Economic Assessment. The current exploration program is structured into three phases: geological modeling update, geophysical survey, and deep drilling. The geophysical survey, conducted by Ridgeback Geofísica Argentina S.A., includes Magnetotelluric (MT) and Induced Polarization (IP) surveys to identify potential targets up to a depth of 1,500 meters.
Why It's Important?
The geophysical survey at the Taguas Project is significant as it represents a strategic move by Orvana Minerals Corp to enhance long-term value through targeted exploration and disciplined capital allocation. By refining the geological model and testing priority porphyry targets, the company aims to unlock the broader potential of the mineral system, which could lead to substantial economic benefits. The exploration program aligns with Orvana's broader strategy of enhancing long-term value through targeted exploration and disciplined capital allocation. Successful identification of new mineral deposits could bolster the company's portfolio and contribute to the global supply of critical minerals, impacting industries reliant on these resources.
What's Next?
The next steps for Orvana Minerals Corp involve completing the geophysical survey by late December 2025 and initiating the first deep drilling campaign in early 2026. The drilling will focus on areas showing potential indicators of a copper-gold porphyry system, based on geophysical results and the updated geological model. The preliminary plan includes approximately 4,500 meters of drilling, subject to change based on geophysical updates. The results from the 2025/26 program will guide Orvana's strategic decisions regarding future resource delineation and potential project advancement.
Beyond the Headlines
The exploration at the Taguas Project could have broader implications for the mining industry, particularly in terms of sustainable practices and technological advancements in mineral exploration. The use of advanced geophysical techniques like Magnetotelluric and Induced Polarization surveys reflects a growing trend towards more precise and environmentally conscious exploration methods. Additionally, the project could contribute to regional economic development in Argentina, providing job opportunities and fostering local industry growth.
