Amera aims drills at Mogote deposit

A first phase of drilling is under way at the Mogote copper-gold project in Argentina’s San Juan province. Amera Resources (AMS-V), which holds rights to earn a 51% interest in Mogote from IMA Exploration (imr-v), launched the program.

The drilling will test the Filo Este porphyry target, where trenching late last year exposed more than 500 metres of continuous copper-gold mineralization.

Assay results from trench 1 averaged 0.33 gram gold and 2.3 grams silver per tonne, plus 0.196% copper, over 510 metres. This includes 180 metres averaging 0.44 gram gold, 0.218% copper and 1.6 grams silver.

Amera notes that the Mogote property hosts a classic “Maricunga-style” porphyry copper-gold system, as well as high-sulphidation, epithermal-style gold-silver mineralization. The property is in a region hosting numerous large copper-gold deposits.

In addition to the 2,100-metre drill program, Amera plans to carry out regional surface work at Filo Central and on other targets to advance them to the drill stage.

To earn its 51% stake in Mogote, Amera must issue 1.6 million of its shares to IMA and, over five years, spend US$1.25 million on exploration. Geologist Lindsay Bottomer is Amera’s “qualified person” at Mogote.