Executive Summary
Poseidon is located near Copiapó city and is easily accessible via paved roads. The project comprise a cluster of approximately 5,000 ha of properties 20 km to the south of the Inca de Oro Porphyry. Poseidon is hosted over the extension of the Paleocene belt, a place of highly productive copper and gold mines in northern Chile.
Key points
- 57 km with good access roads from Copiapó city.
- Mining property. 5000 ha, 100% MASGLAS.
- Exploration stage. Basic mapping and sampling.
- Exploration potential. Porphyry Cu-Mo-Au, Skarn and Epithermal LS.
Location
Poseidon is situated in the Atacama Region of northern Chile, almost 35 kilometers to northeast from Copiapó city.
Poseidon, Mali, and Platon are located 20 kilometers to the south of Inca de Oro project, are located 20 kilometers to the south of the Inca de Oro project. Considering the recent Atlantida discovery by Minera Inmet Chile, MASGLAS is very encouraged about this cluster of exploration projects.
The project is situated in the transition from Atacama Fault System to the West and Domeyko Fault System to the East. Its mineralization events goes from Cretaceous to Paleocene ages with a wide variety of deposit types like porphyry, IOCG, Skarn and Cu-Au veins.
Main deposits close to Poseidon are the Inca de Oro porphyry (Codelco, 7.670 Mt @ 0.36% Cu, 0.10 g/t Au, 0.010% Mo) and the Atlántida Project (FQM Porphyry/Skarn discovery).
Also several old mining districts in the region remain unexplored like the Dinamarquesa, Porteña, Tres puntas, Chimberos, Carrera Pinto, etc.
Mining Property
Poseidon consists of a cluster of exploration claims totaling 5000 ha and is 100% owned by MASGLAS.
Exploration
No exploration works were done at Poseidon project.
MASGLAS exploration works are underway.