Mine

In the year 2008, the company acquired -from Blue Ice S.A. who purchased the claims in 2005, from Disputada Ltda.(a former Exxon Coal & Minerals Subsidiary)- the copper and silver minerals exploration claims named "Rafaela Uno a Rafaela Cinco", comprising a total area of 25 hectares situated in the hill that form the east slope of El Cobre Ravine in the Peña Blanca ranch, at Cabildo commune in the Petorca province in the Chilean Region of Valparaíso.

Geology

Rafaela Mina is in a region whose geological and volcanic land belonging to the Mesozoic and Cenozoic sedimentary, deposited during the Andean cycle.

The structural commands present in the area are:
• Coastal Command: essentially composed of the Paleozoic basement and Jurassic stratified units, corresponding to the coastal plains and Cordillera de la Costa.
• Domain-central Mesozoic Cover: consists of Cretaceous and that it is essentially, as a whole, the median mountain.
• Andean-domain: for the main ridge, formed by mesocenozoicas units, in general, the Upper Jurassic to Miocene.

In the Cabildo mining district, the Lower Cretaceous stratigraphic sequence consists Pachacama Formation, Lo Prado Formation and Veta Negra Formation. This sequence is intruded by sienogranitic plutons of diorite. Near the district Rivano et al (1993) age obtained a K / Ar biotite 96 ± 3 million of years. Deformation in the district consists of a folding homoclinal of NS-N15 ° W with an inclination between 20 ° -40 ° east and NS and NNE numerous faults of varying nature.

Pachacama formation is defined as a continental volcaniclastic sequence, whose lithology consists of breccias, tuffs and andesitic lavas. Lo Prado Formation is a transgressive volcano-sedimentary sequence, with a lithology consisting in intercalations of black calcilutite, gray calcarenites, levels of gaps and/or clusters aphanites andesitic, porphyritic tuffs and levels of red tuffs. The geological evolution of the mining district council during the Cretaceous start with a large accumulation volcanic, product of volcanic Unarco formation (Formation Pachacama), posterior subsidence and accumulation of transgressive sedimentary sequence (Lo Prado Formation) and, finally, siltation of the basin with a large volcanic production (Veta Negra Formation). Associated with subsidence of the basin develops a very low grade metamorphism overlain package and, an almost contemporary, there is the location of plutons (Fuentes et al., 2005). This geological history culminates in the formation of mineral deposits, primarily copper. These sites have been classified so far as skarn and manto, focusing mainly on marine sedimentary rocks of the Lo Prado Formation.

The mineralization is deposited in stratum of limestone, litotes and andesites dip 20°- E, this stratum was feed from an intrusive Andesitic "Ocoitic" (Chilean mining term), beds are recognized at Rafaela from levels 751 to 779. With no limits for now, the feeder is measure from levels 747 to 811 that is almost vertical (80 degrees inclination) and with an extension of 100 meters.