SPAIN 2013 Mineral Exploración Network
Why Spain ? Prospective geological situationProspective geological situation Landscape conditions allow quick prospectingLandscape conditions allow quick prospecting Excellent infrastructureExcellent infrastructure Possibility to work during winter and use MEN Finland human and technical resources all year aroundPossibility to work during winter and use MEN Finland human and technical resources all year around
Project Extremadura Area of interest is located on the intersection of NW striking regional thrust zone and corridor of faults of SW orientation.
Pro Mining Government Quick and transparent licence application process Easy available geological information Project Extremadura
Long mining history starting from prehistoric time till the middle of 20 th centaury Augustobriga - Talavera la Vieja Project Extremadura
Augustobriga - Talavera la Vieja Project Extremadura Project licenses – Trojillo – Logrosan, prospecting license, 945 sq. km. 2 – Maria – exploration license, 78 sq. km. 3 – Antonio – exploration license, 85 sq. km. License Applications: 4 – Berzocana – exploration license, 84 sq. km. 5 – St. Cristobal – exploration license, 63,7 sq. km. Total: 1.255,7 sq.km.
Project area is located in inner zone of multistage volcanogenic ring complex active from pre Cambrian till Tertiary period Radiometric survey -PotassiumMagnetic survey vertical component Project Extremadura
Exploration model
Historical mines: "El Aguijón. Operational Zn, Pb, Ag, Au "La Favorita": Cu, Py, P "El Aguijoncillo": Mining stopped in Sb, Cu, Au. "El Piojo": Mining stopped in Zn, Pb. "El Serranillo": Mining stopped in As, Sn, Mo. “La Costanaza”: Operational in Phosphorous. 6 Project Extremadura
By 30 th of November following work was done: Stream sediments sampling samples Soil sampling samples Magnetic survey line km Pan concentrates - 69 samples MEN Finland had started full scale prospecting in September 2013 Project Extremadura
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Results of soil sampling and ground magnetic survey, Logrosan area. Detailed area Project Extremadura
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Our plans MinimumMaximum Finalize stream sediment sampling on existing licenses Carry out magnetic survey and soil sampling on selected targets Limited trenching Minimum + Expand ground holding Intensive trenching Verification drilling Resource drilling Spring M Euro – 25% of the project M Euro – 25% of the project By own financial resourcesWith JV partner investment