Arena Minerals Inc. has announced that its $17.5 million joint venture with Japan Oil Gas and Metals National Corporation (JOGMEC) has received permits for a Pampa Union drill program to explore minerals in Chile.
Basically, this mineral exploration program is a follow-up on previous successes and was designed to complete a 1.5-kilometer grid spacing drill pattern over the said region. It has a drill hole called the PU-RC-39, which has a total depth of 441 meters below the Earth’s surface. In order to get approval from the National Environmental Assessment Service, Arena made sure that the program has met all necessary health, safety, and environmental standards.
Sharing some details of the project, president and CEO of Arena, William Randall, said:
“We are pleased to have received drill permits for up to 241 additional drill platforms at the Pampa Union project, which is currently under Joint Venture with JOGMEC.
“We plan to commence drilling immediately, initially with one drill rig and adding a second drill in the coming weeks. We will be following up on previous discoveries, as well as further regional exploratory drilling, which is a big step for the Company in our objective of delineating a copper porphyry deposit in the Antofagasta mining region of northern Chile.”
Funding for the program is already in Chile, which means that exploring for minerals will be initiated immediately. In fact, drill rigs are already being mobilized with drilling work to commence shortly.
Arena is a prospect generator with a property that covers approximately 68,468 hectares within Chile’s Antofagasta region. Generally, its property is located within mining camps in infrastructure-rich areas.