Chilean
Metals, a Toronto-based minerals exploration company, holds 100% ownership in 6
properties in northern Chile, totaling roughly 80 square miles, in a region
known primarily for iron, copper, and gold deposits. The company is currently
focused on opportunities in gold and silver, as well as copper and molybdenum,
and has already identified multiple high-impact IOCG (Iron Oxide, Copper, Gold)
porphyry type rock targets that are drill ready.
All six
IOCG properties are listed below. Management intends to initiate drilling on at
least two of these projects in 2014, and feel they can achieve maximum leverage
on every investment dollar with minimal risk.
Zulema:
IOCG
1,000
Hectares, 100% owned
Palo
Negro: Cu-Au-Fe (IOCG)
6,500
Hectares, 100% owned
Hornitos:
Cu-Au-Fe (IOCG)
3,200
Hectares, 100% owned
Tierra de
Oro: Cu-Au-Fe-Ag (IOCG)
6,000
Hectares, 100% owned
Sierra
Pintada: Cu-Au
4,700
Hectares, 100% owned
Tabaco:
Cu-Au
725
Hectares, 100% owned
A major
step for Chilean Metals is their recent move to OTCQX, the highest trading tier
in the OTC market. This market has strict financial standards that its trading
companies must meet. International companies use what is called a PAL
(Principal American Liaison) to facilitate communication with the U.S. investment
community. A PAL must be a FINRA (Financial Industry Regulatory Authority)
member investment bank or ADR bank. For Chilean Metals, this role will be
filled by Merriman Capital, a subsidiary of Merriman Holdings.
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