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中文简报 »Las Aguilas
The Las Aguilas Project is located in the province of San Luis, Argentina, approximately 800 km west of Buenos Aires. The Property is accessible by paved and dirt roads from the provincial capital, San Luis, approximately 35 km to the east. The Project consists of 33 concessions totaling 57,597.8 hectares (575 km2). Prophecy Platinum Corp. has the option to acquire up to 70% interest in the Property, by joint venture agreement, from the current owner, Marifil S.A., a wholly-owned subsidiary of Marifil Mines Ltd. (Marifil).
A resource estimate by Wardrop Engineering, based on 79 historic and current diamond drill holes on the property, shows 3.264MT indicated (grading 0.67%NiEq) and 1.339MT inferred (grading 0.59%NiEq) at a cut-off of 0.4%NiEq*.
Two mineralized intrusions have been identified as the established resource on the Property. Separated by just 300m, the Las Aguilas East Zone and the Las Aguilas West Zone are parallel nickel and copper sulphide bearing ultramafic/mafic intrusions, each containing a mineralized body. Read more >>
Highlights:
- A total indicated resource of 3.3 million tonnes 0.41% Ni, 0.42% Cu, 0.03% Co, 0.72 g/t Pt+Pd+Au; (Wardrop Technical Report Apr, 2011)
- Mineralization at Las Aguilas expresses from surface
- The West Zone of the Las Aguilas deposit remains open in both directions along strike and at depth
- Only 30km northeast of the provincial capital of San Luis (in the San Luis Province), and 11 km from the nearest provincial highway
- Large (> 575 km2) land package, comprised of 33 concessions, that extends ~50 km along a prospective mafic-ultramafic metallogenic belt, known as the Grupo Las Aguilas
- The El Fiero Gossan located approximately 7 km north and along strike of the Las Aguilas deposit, yielded several grab sample highlights assaying 2.2% Ni, 6.7% Cu and 1.6% Ni, 12.5% Cu and 2.2% Ni, 3.6% Cu (EF-2 Showing)
- Numerous airborne electromagnetic (VTEM) anomalies occur along the property, coincident with the expression of the Grupo Las Aguilas mafic-ultramafic suite
Las Aguilas Resource
| Tonnes (t) | PGM+Au (g/t) | Ni (%) | Cu (%) | |
|---|---|---|---|---|
| Indicated | 3.30 Million | 0.72 | 0.41 | 0.42 |
| Inferred | 1.30 Million | 0.22 | 0.41 | 0.38 |
Based on resource estimated at 0.4% NEq cut-off
| Metal | Indicated | Inferred |
|---|---|---|
| Nickel (Ni) | 18.8 Million lbs. | 7.4 Million lbs. |
| Copper (Cu) | 19.3 Million lbs. | 6.9 Million lbs. |
| Platinum (Pt) | 0.01 Million oz. | - |
| Palladium (Pd) | 0.01 Million oz. | - |
| Gold (Au) | 0.03 Million oz. | 0.01 Million oz. |
| PGM+Gold | 0.05 Million oz. | 0.01 Million oz. |
Based on resource estimated at 0.4% NEq cut-off, and 100% metals recoveries.
Las Aguilas resource based on the April 2011 NI 43-101 Technical Report by Wardrop Engineering authored by Todd McCracken, P. Geo. of Wardrop Engineering Inc., a Tetra Tech Company, who is an independent Qualified Person under NI 43-101.Prophecy Platinum Corp. has the option to acquire up to 49% interest by making the necessary cash, share payment and exploration commitment. The agreement also provides for the Company to earn an additional 11% by preparing a pre-feasibility study on the property and issuing 2,000,000 shares. A further 10% can be earned by completing a pre feasibility study, making cash payment and issuing 1,000,000 shares from April 1, 2015 to April 1, 2016. Detailed Resource/Grade Table
Next Steps
- Delineate targets off the West Zone of the Las Aguilas deposit to increase the resource
- Investigate the property along strike, with particular focus on El Fiero
- Investigate VTEM targets that occur along the extent of the property northward
Technical Reports: | |
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Maps, Models, and Diagrams:
News Release:
Pacific Coast Nickel Corp. is pleased to report the Company has received a NI 43-101 technical report and resource estimate for the Las Aguilas project ("the Property"), located in the province of San Luis, Argentina. The report is authored by Todd McCracken, P. Geo. and Callum Grant, P.Eng. of Wardrop Engineering Inc., a Tetra Tech Company, both considered independent Qualified Persons.
November 8, 2010 - Pacific Coast Announces Las Aguilas Option Agreement
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Mineral resources that are not mineral reserves do not have demonstrated economic viability. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this website.
Qualified Person under NI 43-101
Danniel Oosterman, P.Geo., a consultant of the Company is the qualified persons responsible for the technical information on this website.
Cautionary Note Regarding Mineral Resources and Mineral Reserves
Readers should refer to the Company's current technical reports and other continuous disclosure documents filed by the Company available on Sedar at www.sedar.com for further information on the mineral resource estimates of the Company's projects, which are subject to the qualifications and notes set forth therein, as well as for additional information relating to the Company more generally. Mineral resources which are not mineral reserves, do not have demonstrated economic viability. Inferred mineral resources have insufficient confidence to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability suitable for public disclosure. Neither the Company nor readers can assume that all or any part of an inferred mineral resource will be upgraded to indicated or measured mineral resource. Most projects at the inferred mineral resource stage do not ever achieve successful commercial production. Each stage of a project is contingent on the positive results of the previous stage and that there is a significant risk that the results may not support or justify moving to the next stage.
Quality Control and Quality Assurance
Prophecy Platinum executes a quality control program to ensure best practice in sampling and analysis. Samples are cut and split for assay with the remaining sample retained for reference. Blanks, Standard Reference Material (SRM), and duplicates were inserted into the sample stream every 20th sample. A duplicate sample is taken every 20th sample of core. The selected sample is sawn in half and then sawn in half again. The quartered core is then placed into two different sample bags with different sample numbers and sealed. The SRM material comes from Natural Resources Canada and Analytical Solutions Limited. These were inserted into the sample stream immediately after the second duplicate. The SRMs used are WMS-1a, WPR-1 and WGB-1. Sample Blanks are obtained from two sources; granodiorite from a local quarry and garden marble from hardware stores in Whitehorse, Yukon. A Blank sample is inserted into the sample stream after the SRM. Assayed samples are transported in sealed and secured bags for preparation at ALS Chemex Prep Lab located in Whitehorse, Yukon. Pulverized (pulp) samples are shipped for analysis to ALS Chemex Assay Laboratory in Vancouver, B.C. ALS Chemex is an ISO/IEC 17025:2005 accredited laboratory and registered under ISO 9001:2000.
Quality assurance and quality control are monitored using scatterplots, Thompson-Howarth plots and statistical analysis to ensure duplicates, blanks and standard data are reliable and indicate robustness of overall results. ALS Chemex quality-assurance procedures are also included in this process."
