Copy of Copper
All available and reliable evidence points to a continuing global demand for Copper. Future growth is virtually guaranteed. Here’s why. Copper is the third most consumed industrial metal after iron and aluminum. Its value lies in its conductivity, malleability, ductility and its resistance to corrosion. Consider these observations: Because bacteria cannot grow on it, copper has many medical uses. It is used in construction of buildings, power grids and generators, machinery, appliances, motors, mobile phones, tablet computers and vehicles. An average car uses 1.5 kilometers (0.9 miles) of copper wire and will include approximately thirty-five (35) pounds of copper. (It is interesting to note that compared with a gas-powered car it takes three times the amount of copper to build an electric car.)
A locomotive will use 11,000 tons. A Boeing 727 will use 9,000 pounds. (Boeing plans on selling 6,000 new airplanes to China over the next two decades.) A typical home utilizes 400 pounds of copper. Military and infrastructure projects and population growth throughout the world will create extraordinary demand for this increasingly precious metal. Copper supply is another story. The forecasted supply of copper is grim. No new major copper mines have been brought into production since 2011. Only six new major mines are expected by 2020 and two of them are at risk of being late or even not proceeding. Within three short years new supplies of copper will be needed. The world's largest copper producer (in Chile) predicts that demand will outstrip supply by 2018. BHP Billiton, operator of the world's largest copper mines predicts 2019. Therefore, As Atacama Resources International evaluates other potential copper assets the Company continues to focus on moving it's SIMON COPPER PROJECT forward.
The SIMON COPPER PROJECT, located near Ottawa, has experienced a significant amount of exploration work over the years. What is particularly significant is that substantial drill core (approx. 10,000 meters) has been preserved and is available to Atacama's mining expertise. This core remains National Instrument 43-101 compliant and reveals 1.1% Copper as well as significant values for Silver and for Zinc. Other values for Copper taken from the site over the years include 2.78%, 3.5%, and grab samples as high as 11.2%. For comparison purposes, the Highland Valley Mine near Kamloops B.C. and Canada's largest open pit copper mine, is a low-grade porphyry copper deposit averaging 0.4% Copper. Atacama acquired the exploration and development rights to the SIMON property because of its potential high-grade copper deposits – and because it has excellent mining infrastructure and transportation accessibility. See site map and details below
ATACAMA (08) CJP (Simon Copper)
TOWNSHIP CLAIM NUMBER
The Simon Copper property is located in southeastern Ontario approximately 135km west of Ottawa in Denbigh and Lyndock Townships. It comprises 19 claims totaling 20 units. The property hosts multiple surface showings including the North Zone, South Zone, B Zone and East Zone. The showings are associated with magnetite horizons which include sulphide zones containing approximately 25-50% massive and semi-massive pyrrhotite, pyrite, chalcopyrite and sphalerite in varying amounts in a host rock of amphibolite gneiss.
In the early 1960’s, the South Zone was explored by both Noranda Mines and Young Davidson Mines (YDM). YDM reported a mineral inventory of 253,000 tons @ 1.09% Cu on the South Zone above 106 meter elevation (Note: This mineral inventory is historical only and non compliant with National Instrument 43-101 standards). Subsequent work by Pelangio in 2000-2001 successfully intersected the South Zone Deposit and extended the zone’s known vertical depth to 155 meters below surface. This initial drilling showed that copper grades, zinc grades and associated alteration on the deposit were improving significantly at depth.
Historically, almost every hole drilled into the various zones returned copper mineralization, generally accompanied by zinc, however, many companies did not report assay values with their submissions. Holes drilled by Pelangio Mines Inc in 2004 all intersected the sulphide zones and returned
values as high as 2.78% copper, 5.07% zinc, 0.34 g/t gold, and 5.30 g/t silver. The most recent drilling by Adroit Resources in 2007 yielded values up to 0.37% copper and 1.33% zinc over 13.18m.
Grab samples taken by the OGS in historic trenches returned values of 0.16- 3.5% copper and 0.04- 3.4% zinc while earlier surface samples by Noranda reported vales as high as 11.2% copper.
A Pelangio report suggests that the presence of the multiple zones located in a very small 500 by 500 meter area indicates there may be possibilities for a series of stacked en-echelon copper zinc sulphide lenses on this prospect.
The drill core from the previous holder has been preserved and is available. This core remains National Instrument 43-101 compliant and amounts to approximately 10,000 meters. The final drilling report by consultants, Taner and Associates Inc, indicate 0.3 MT @ 1.1% Cu, 4-5% Zn, 15 g/t Ag.
The property is estimated to hold 300,000 tons of product.