Victoria Norte is an extensive 38,400 hectare royalty asset within the Domeyko Corridor, which hosts some of the world’s largest and richest copper mining districts. Key fault strands that define the Domeyko Corridor and localize mineralization at some of the largest deposits, including La Escondida, run through the Victoria Norte property. Victoria Norte is along trend between the La Escondida and Exploradora mining districts.
Five principal targets exist on the property: NW Pampa, Vetas Negras Oeste, Vaquillas-Chaco, and Picaron, which are porphyry copper targets, and Vetas Negras, which is an epithermal silver-gold prospect. NW Pampa is a blind target under post-mineral cover, identified on the basis of a moderate IP anomaly. Vetas Negras Oeste is also a blind target, identified on the basis of a significant IP anomaly and anomalous geochemical results in surface samples. A major IP anomaly underlies Vaquillas-Chaco, upon which the historical Vaquillas Ag-Au mine is centered. In addition to low-grade Cu and Mo intersected in historical drilling, the Picaron target also displays copper oxide minerals at surface and zones of potassic, sericitic, and propylitic alteration. The Vetas Negras epithermal target displays Ag-Au-Pb veins in a rhyodacite dome complex.
Ground magnetics surveys highlight key structures of the Domeyko Corridor on the property. These major faults are deformed around a magnetic anomaly interpreted to represent a major igneous batholith, which is a relationship observed at world-class copper mines along the Domeyko Corridor.
EMX acquired the Victoria Norte property from Revelo Resources in 2020 (see EMX Press Release dated March 26, 2020).