TSX.V: PGZ
OTCQB: PGZFF
ÁGUILAS PROJECT : Overview
The Águilas Project is located approximately 300km south of Madrid and 100 km north of Cordoba in the territory of Andalucia, southern Spain. The area is characterised by gentle topography, moderate climate and is accessible all year round, with good road access and infrastructure. The Project, including granted mineral rights and new applications, covers approximately 16,333 hectares. The area contains a series of cross-cutting deep-seated structures within the Late Hercynian (300-310 Ma) Pedroches Batholith.
TARGETS INCLUDE:
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IOCG style Cu mineralisation along a >10 km north east trending corridor with extensive soil Cu anomalies and high Cu ± Ag, Au, Co in rock samples
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A >20 km long west-northwest historical Pb-Ag mine trend, strong Pb-Zn-Ag soil geochemistry and high Pb-Zn-Ag ± Ba in rocks samples from mine dumps
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Large highly prospective surrounding area, mostly unexplored with numerous structures showing similar characteristic to the main targets
The Cu mineralisation represents a potential new and un-tested IOCG district with many geological characteristics in-common with the Olympic Dam and Cloncurry Districts in Australia. The copper trend had only minor previous exploration and no drilling, and coincides with a numerous small mine workings, suspected to be Roman or pre-Roman.
The Pb-Ag mines operated from the late 1800’s to 1950’s, including shallow excavations and several shafts to a maximum depth of approximately 125m, extracting high grade ores from breccia and veins, open at depth and along strike, and mine widths varying up to 14m. Exploration from the 1960’s to 1980’s included minor drilling on a 600 m section the Pb-Ag trend, confirming intervals of Pb and Cu but no assays. The remainder of the more than 20 km Pb-Zn-Ag trend has never been drill tested.
