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Dominador Fault Zone & PBA Project Location
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Pampa Buenos Aires Total Field Magnetics Map
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Pampa Buenos Aires Target Map
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The Pampa Buenos Aires Project ("Pampa") is located in the Antofagasta Region of northern Chile approximately 110 kilometers from Taltal and is highly prospective for precious metal and porphyry copper mineralization. The Pampa Project encompasses approximately 27,000 hectares and is situated only 15 kilometers southwest of Yamana Gold's El Peñón and Fortuna gold and silver mines. The Company is exploring Pampa in partnership with Andina Minerals Inc. ("Andina") where each party has a 50% participating interest. Iron Creek acquired its interest in Pampa from Andina in June 2008 and is operator of the Project.
The partnership has completed previous field programs which included geological mapping, geochemical and geophysical surveys, and over 8,000 meters of RC drilling. Iron Creek is re-evaluating these results to better define geochemical anomalies that are coincident with favourable structural zones interpreted from drilling, geophysics and mapping. The Dominador Fault Zone and related cross cutting structures are the controls for mineralization at El Peñón and Fortuna mines. Based on geophysics and mapping, the Dominador Fault can be traced through the Pampa Project with several northwest cross-cutting structures being present as well. With most of the area covered by gravels, the Company is looking to combine structural controls with soil geochemistry to identify drill targets.
The partnership will conduct a soil geochemistry program in 2010. Based on the results, the Company and Andina will decide what additional work will be required. While still very early staged, Pampa remains very prospective for precious metals as well as porphyry copper mineralization.
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