(MENAFN- Online PR News) CasCan Mining today announced that it has commenced a preliminary assessment for a copper mine at the company's El Teniente project in northern-central Chile.
Online PR News 16-May-2020 SANTIAGO CENTRO El Teniente is strategically located along the Andes of north and central Chile in the Cachapoal Province and is north of Chuquicamata, where there is the largest open pit copper mine in the world.
CasCan Mining's geologists will update findings at the El Teniente copper project and incorporate drill results including an assessment to outline the potential for a standalone open pit oxide copper mine. The El Teniente exploration has at least six additional prospective areas yet to be drilled and tested.
CasCan Mining's Operations Officer, Mr. Nicolas Silva commented on the preliminary assessment saying 'The studies being undertaken on the El Teniente site whilst also maintaining robust health and safety procedures in response to the COVID-19 pandemic, our management and technical teams are active on several remote sensing data compilation tests.'
These procedures aim to define exploration targets on potential sites as well as identifying potential new projects whilst also exploring new minerals from drill testing. The results of this assessment are anticipated to be available at the end of June 2020,' added Nicolas Silva, Operations Officer of CasCan Mining.
About Us - CasCan Mining
Starting with the taking of minor level holdings in some of Chile's best performing and established multinational operations, while at the same time demonstrating to our respected partners our operational and exploratory skill set, we now find ourselves ideally placed to begin independent operation of our own.
Our focus of operations will continue to be Chile, with that country's well established gold and copper mining industry receiving over $30 billion in foreign direct investment last year as strong demand from China helped to see average prices for copper stay around $7,245 per ton with gold prices hitting a high of $1,382 per ounce in May. Now as demand once again increases for both gold and copper, we stand poised to fully exploit this in a strategic and profitable manner for our shareholders and partners.
As CasCan Mining grows stronger still we invite you to learn more about the history and day to day operations of one of South America's leading mineral exploration and mining companies as our continent stands center stage in the world's market place for mineral commodities. With Chile ramping up investment into its mining industry ahead of expectations of ever higher demand for commodities, we find ourselves engaged in ever bolder expansion efforts across the breadth and scope of our structure.
Over the next twelve months plans that have been on in the pipeline for several years, will be brought to the fore as we like many of our competitors and partners take full advantage of the healthy climate of investment and rich natural resources being more than adequately being provided by South America's largest mining producer, Chile.
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