The Vaquillas project covers approximately 51,400 hectares located in the porphyry copper belt of northern Chile. Vaquillas is located near the Domeyko Fault Zone, a controlling feature to many of the world's largest copper deposits, making the property prospective for copper and precious metal mineralization. The company has signed a binding letter of intent with Hochschild Mining Holding limited, a subsidiary of Hochschild Mining plc entailing that Hochschild will aquire a 60% interest in the property. Iron Creek has advanced several Vaquillas targets to the prospect stage.