Neuquen Basin Project
The Neuquén Project includes forty (40) properties situated approximately 1000 kilometers southwest of Buenos Aires, in eastern Neuquén Province. Ten of the properties, located within a 50 kilometer radius, contain significant “red-bed style” copper oxide deposits.
The Neuquén Red Bed Disseminated Sedimentary Sand copper deposit contained a drill indicated reserve of 35.5 million tons of 0.37% copper (287 million pounds) covering an area of 450 acres by MIM of Australia in 1994. AMA took over most of the area in 2007 and since then explored several claims containing 545,000 tons of copper between 2% and 18% cu., while other areas in the province have over 200 million tons of inferred mineral. The deposit consists of near surface “oxide copper” minerals within a flat-bedded sandstone host.
The area contains industrial water by means of a new viaduct at a cost of 250 million pesos, roads, electricity and proximity to populated areas. Ferrosur Roca (see below) maintains a rail line which passes thru the mining concessions, as well as a station with weighbridge. The company looks forward to the completion of the Bio Oceanic Corridor since it will pass thru our mine sites thus allowing for direct shipment to the port of Concepcion, Chile.