Excava Holding (“Excava”) is pleased to announce that the company has completed the staking of 4,000 hectares of exploration concessions in the Atacama Region, adding a new project to its already robust grassroots portfolio. The Area 51 project is Located in Chile’s premier world-class IOCG/Epithermal Paleocene belt. This belt is host to both intermediate (El Peñon, San Cristobal, Faride, Amancaya) and high (Guanaco, La Florida) sulfidation epithermal deposits, as well as porphyry Cu-Mo-Au deposits (Spence, Sierra Gorda, Centinela).
Area 51 is strategically located, in a district with intense exploration activity, including major companies like Freeport McMoRan and Newmont Gold. Other companies in the area includes junior explorers Golden Arrow Resources and Orestone Resources.
John ‘Jack’ Currie, Chief Technical Officer at Excava, stated: “Our vision for Area 51 is the discovery of at least one set of Au-Ag bearing epithermal veins hosting economic grades over mineable widths”.