The visited area is located near the town of Hijuelas, providence of Quillota, (V) Region, Chile, and its only 8 kilometers from the city of Calera. It has easy access to National Route 5 Norte and its close to many nearby cities. The mine has great access points with roads that lead to the lower levels. it has a great lower base with plenty of space for machinery, cargo, movement of materials, etc. It is far away from any ravines and easy access to electricity and water resources. No work has been done to it, so it makes it a great investment opportunity.
Mineral Resource EstimateThe chance of finding a target estimate of over 8.000.000 Tons of Iron Ore as indicated-inferred are supported by field exploration, geochemical samples and recent geophysics surveys.
For and exact confirmation of the final iron ore reserves, we require an additional exploration campaign consisting of a final geophysics and several drillings to confirm the magnetite grade and final iron ore body shape and size.
It is estimated to have a concentration of 53 to 57 percent of iron ore.