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Flagship Minerals found large gold zones in Chile using satellite tech, with potential for a major new mine.
Flagship Minerals has discovered extensive gold alteration zones at its Pantanillo project in Chile using satellite-based ASTER technology, identifying multiple targets over 40 square kilometers of unexplored land, with two exceeding 5km in length.
The findings, resembling those at major nearby gold deposits, suggest strong resource potential.
A JORC-compliant resource estimate is expected by early April, potentially surpassing the current non-JORC estimate of 1.05 million ounces.
Metallurgical testing on a 690kg sample aims to optimize recovery for a planned low-cost, open-pit heap leach operation.
With gold prices near record highs and the project in a prolific region, Flagship is accelerating feasibility studies and drilling, targeting 100,000 ounces annually for over a decade.
Flagship Minerals encontró grandes zonas de oro en Chile utilizando tecnología satelital, con potencial para una nueva mina importante.