The next generation of copper mines in the Chilean IOCG Belt
Tribeca Resources aims to be a partner of choice in delivering mid-stage exploration to development projects (i.e. with at least a maiden resource), that have the potential to be brought into production by the mid-cap or large copper producers.
Tribeca Resources team
The management team consisting of Paul Gow (CEO), Thomas Schmidt (President) and Nick DeMare (CFO & Corporate Secretary) are combining their respective geological/technical, M&A and finance skillsets to assemble and develop a portfolio of exciting copper exploration projects. As owners of a combined 40% equity interest in the company, management is highly aligned with shareholders. Paul and Thomas both previously worked with Glencore/Xstrata across Latin America.
Chilean Coastal IOCG Belt Opportunity
Initially performing a top-down review of the coastal IOCG Belt, from Marimaca in the north to El Espino in the south, the Tribeca team identified several opportunities with both positive historic drilling results suggesting the presence of significant IOCG mineralizing systems, and additional geophysical data indicating the systems could be much larger than appreciated from drilling to date. In particular, the Tribeca team found that historic drilling commonly stopped at the edge of outcropping areas, leaving shallow gravel-covered extensions untested. The Tribeca team believes there is an opportunity to bring to bear experience, deposit models and modern exploration techniques from other global iron-oxide copper gold terranes to deliver the next generation of copper mines in the Chilean Coastal IOCG Belt.
La Higuera IOCG Project
The first of the opportunities identified by the Tribeca team was based on significant historical drill intersections and a comprehensive associated geophysical database from the La Higuera area. Four separate acquisitions, completed during 2017-2020, have consolidated the area that now hosts two compelling immediate drill targets and multiple geophysical anomalies requiring screening and testing. Tribeca believes the La Higuera IOCG Project has potential to host a major IOCG deposit.
Discovery and resource growth
Tribeca’s strategy consists of identifying under-appreciated exploration assets that can benefit from a well-funded, systematic, technical approach to further exploration. The objective is to understand where indications of mineralization recognized to date are not merely small occurrences, but represent the tip of the iceberg of larger systems. Our technical sweet-spot is in the resource delineation and early study phases. We aim for resource growth to benefit all stakeholders, including property vendors, our shareholders, future partners and the wider community.