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Location Map - IRN Projects - Northern Chile
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Victoria Geology & Target Summary
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Victoria Aster & Target Summary
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Victoria Property Summary
The Victoria Property, located along the Domeyko Fault System in the L. Eocene-Oligocene magmatic arc of northern Chile, has potential for porphyry copper deposits (+/- molybdenum +/- gold) together with genetically related, zoned, high, intermediate, and low-sulphidation epithermal precious metals deposits. The property is large, and covers approximately 37km of continuous strike length along the prospective belt.
The Victoria Property was subject to a binding letter of intent with Hochschild Mining Holdings Limited (Hochschild), where Hochschild was able to earn a 60% interest in the properties by sole-funding US$6 million in exploration expenditures prior to 31/12/2013. Hochschild completed this earn-in requirement at the end of October 2010 and both Hochschild and Iron Creek have funded subsequent exploration expenditures according to their respective interests in the new joint venture company, namely 60% and 40% respectively.
The joint venture partners exercised underlying options on parts of the property in January 2011 (with Compañía Minera Minquest Limitada) and in February 2011 (with Sr. Roberto Masso), thus obtaining complete control of the tenement comprising the Victoria joint venture property.
The Vaquillas Mine area, where most work by Hochschild to date has been focused, consists of breccias and veins likely representing intermediate-sulphidation epithermal gold + silver mineralization located above and/or lateral to a porphyry copper centre. The Vetas Negras (abandoned by Hochschild in 2010) and Victoria vein systems likely represent distal epithermal silver + manganese veins to one or more porphyry centres.
The Nueve Vidas area appears to show characteristics of diorite-hosted, low-grade porphyry gold mineralization together with cross-cutting, higher-grade auriferous structures.
Porphyry copper targets occur at Incahuasi, Picaron, Leña and possibly at depth beneath the Vaquillas Mine area and at Cenizas. Further potential for blind porphyry targets under post-mineral cover exists to the north, west and/or southwest of Vetas Negras (Vetas Negras Oeste), between the Quebrada Chaco and the Vaquillas Mine (Chaco), and in the large covered area between the Vaquillas Mine and Picaron (Azul Profundo).
Other covered, partially covered, and geophysical targets for precious metals and porphyry copper mineralisation occur within the property.
Typical for northern Chile and the Atacama Desert, all areas have been strongly affected by supergene oxidation and leaching effects, particularly those areas that contained hypogene sulphide mineralization, especially pyrite, giving rise to abundant supergene clays together with iron and copper supergene minerals in the target areas. These supergene effects and minerals obscure to a greater or lesser degree the hypogene mineralogy of these areas at surface.
The presence of major faults related to the Domeyko Fault System cutting across the property such as the Cenizas and Vaquillas Faults, often concealed under Miocene cover rocks, is likely to have modified the zonation patterns and relative locations of mineralized areas to proposed source porphyry intrusions, due to a combination of post-mineral strike-slip and vertical block faulting. The major fault strands of the Domeyko Fault System, particularly the Cenizas and Vaquillas Faults, can be traced across most of the property even though largely under cover, as they are readily apparent on satellite imagery and the various geophysical data sets that cover the property.
Qualified Person
Demetrius Pohl, P.Geo., is the Company's Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this project summary. Dr. Pohl has verified that it is an accurate summary of the reports provided to Iron Creek by Hochschild, and contained within reports by historic workers. However, Iron Creek has not independently verified Hochschild's exploration results, or those of historic workers.
To learn more about the specific Precious Metal or Porphyry Targets, please click on the links below:
 
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