Western Metallica Resources is preparing to launch its first drilling operation at the Cana Brava copper project in Peru, a move that underscores the company's strategic focus on copper exploration. The Cana Brava project, which includes the Luz Maria and Cana Brava 1 prospects, spans approximately 3100 hectares and represents the flagship venture for the company.
The drilling is set to commence in mid-July 2024, following extensive preparatory efforts. These preparations have involved assembling a dedicated geological team in Peru and identifying a 2.7 km by 1.5 km area of alteration typical of Andean porphyry systems. This groundwork is crucial for the success of the upcoming drill program.
The initial drill program will be a scout drilling operation, with plans to drill between 2000 to 2500 meters. The primary goal is to achieve a discovery drill hole, with specific targets such as 0.5% copper over 100 meters. This objective highlights the significance of copper in the ongoing global electrification efforts and positions Western Metallica as a key player in this sector.
CEO Greg Duras highlighted the importance of copper in the electrification story, noting the company's strategic presence in Peru, a leading jurisdiction for copper mining. This positioning is expected to provide Western Metallica with a competitive edge as they advance their exploration initiatives.
Collaboration with neighboring projects, such as those operated by HudBay, has been instrumental in providing valuable insights. Local geological teams are actively sharing data and strategies, which may pave the way for future cooperative opportunities. This collaborative approach enhances the prospects for successful discoveries and underscores the importance of collective efforts in the mining industry.
Western Metallica is well-funded for its exploration plans, bolstering confidence in the potential outcomes of their drilling activities. The company remains optimistic about its ability to make significant contributions to the copper market, driven by the anticipated discoveries at the Cana Brava project.
