In Argentina, Solway partnered with Aterra Capital to acquire a high-quality porphyry copper and gold project in Mendoza. San Jorge is a mid-sized deposit with total resources of 194 million tons of ore containing 900,000 tons of contained copper and 1.03 million ounces of gold (according to NI 43-101). The project has a straightforward development strategy, as well as low capital requirements and operating costs.
San Jorge is a PFS stage flotation copper project with a proposed open pit mine with enriched and primary sulphide ore. The PFS proposes annual production of over 40,000 tons of copper and 40,000 ounces of gold contained in the concentrate over the mine’s 16 year life.
The San Jorge project also offers unique opportunities to expand the size of the existing primary deposit through further deep and step-out drilling, as well as through the acquisition of a number of promising nearby exploration targets.