Argentina - Leon

 

Location

The property is situated in the Salta Province of northwest Argentina .  The city of Salta is located some 1,250km northwest of Buenos Aires and the property is situated about 55km southeast of Salta . Access to the property is good via paved roads from Salta and gravel roads to the deposit.

 

Geology

Leon is a sediment-hosted, stratabound copper/silver deposit that has been partially delineated by work previously carried out by a Canadian company in the 1990's.  The deposit comprises two north-trending sub-parallel zones, hosted by a limestone unit termed the Yacoraite Formation and is in the basic form of a horseshoe, open to the northwest.  The eastern zone is termed El Plomo and the western zone called El Cobre. 

 

Resources

A diamond core drilling programme commenced in August 2005 and an initial resource statement to the JORC Code standard (the Australasian Code widely adopted throughout the world and which sets out minimum standards, recommendations and guidelines for reporting of exploration results, mineral resources and ore reserves) was released in July 2006.   Subsequently in January 2007, after additional drilling, an updated resource statement was released. 

 

Feasibility Study

The Leon feasibility study has been compiled internally by Alexander's senior
technical personnel and it reviews and summarises the studies carried out by
various specialist consultants and contractors. 

 

Current status

Expenditure in Argentina has been cut to a nominal level to maintain the Leon project licences.