Chita Project: Development and Chronology
Introduction
The Chita Project⠀ is an advanced exploration initiative located in the Chita Valley, Church, province of San Juan, Argentina. Developed by Mining Sud Argentina S.A. —a society between Mind Resources Corp. and South32—.
The project focuses on the identification and evaluation of base and associated metal resources such as copper, molybdenum, zinc, gold and silver in a mineralized system of significant scale and open-air operable.
With a strong geological base, supported by detailed studies and multiple drilling campaigns, Chita stands out for its mineralized intrusive and clearly defined hydrothermal alteration areas.
The project's commitment lies not only in its mineral potential, but also in sustainable development. Prioritizing the security of your team, local employment, responsible resource management and ongoing dialogue with neighbouring communities.
The Chita Project is moving forward with the vision of becoming a key pillar for Argentine mining, balancing exploration, innovation and social responsibility.
The project focuses on the identification and evaluation of base and associated metal resources such as copper, molybdenum, zinc, gold and silver in a mineralized system of significant scale and open-air operable.
With a strong geological base, supported by detailed studies and multiple drilling campaigns, Chita stands out for its mineralized intrusive and clearly defined hydrothermal alteration areas.
The project's commitment lies not only in its mineral potential, but also in sustainable development. Prioritizing the security of your team, local employment, responsible resource management and ongoing dialogue with neighbouring communities.
The Chita Project is moving forward with the vision of becoming a key pillar for Argentine mining, balancing exploration, innovation and social responsibility.
2012: Purchasing option exercise
On August 3, 2012, MSA exercised the purchase option, acquiring 100% of the ownership of the Chita Project after a series of payments that totaled US$420,000. (Source: minsud.com)
2019: Partnership agreement with South32
In November 2019, MSA and South32 Limited signed a collaboration agreement (Earn-In Agreement) for the exploration of the Chita Valley Project, allowing South32 to finance exploration programmes in exchange for a participation in the project. (Source: minsud.com)
The Chita Project⠀ is an advanced exploration initiative located in the Chita Valley, Church, province of San Juan, Argentina. Developed by Mining Sud Argentina S.A. —a society between Mind Resources Corp. and South32—, the project focuses on the identification and evaluation of copper, molybdenum, gold and silver resources in a significant scale porphyte system.
With a strong geological base, supported by detailed studies and multiple drilling campaigns, Chita stands out for its mineralized granodioritic intrusive and clearly defined hydrothermal alteration areas.