TSXV:NET.UN - Post by User
Post by
goldsgoingupon Dec 16, 2009 12:26pm
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Post# 16592903
Close to Massive gold mines.
Close to Massive gold mines.Network NET's Caldera project is in a region of massive gold and copper mines.
LOCATION
The Caldera project is located in the Huasco Province within the Atacama Region of Chile approximately 120km NE of the city of La Serena and 250km North of the city of Santiago. The property is situated in the mineral-rich Chilean Andes Mountains, home to some of the worlds largest copper resources including the Escondida, Collahuasi, and Quebrada Blanca mines.
Located approximately 60km SE of Caldera is Barrick Gold's Pascua-Lama gold and copper project which contains proven and probable reserves of 18.0 million ounces of gold, 731 million ounces of silver, 662.5 million pounds of copper. Barrick Gold's Veladero gold mine (in production) lies approximately 65km SE of Caldera. Proven and probable mineral reserves in December 2007 at the Veladero project were estimated at 11.7 million ounces of gold.
The Caldera project covers approximately 2400 hectares consisting of 17 exploration and exploitation concessions each at elevations between 2500m and 2800m. The dry climate offers year-round exploration and a nearby spring and power station offer water and electricity if required. There are no permanent dwellings within the project area and the arid climate and minimal vegetation present no significant environmental liabilities.