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Developing a Highly Prospective Copper Asset Play

Western Metallica Resources Corp. (“WMS”, or the “Company”) is a mineral exploration company headquartered in Toronto, Ontario, with six mineral assets across Peru and Spain, listed on the Toronto Venture Exchange under ticker symbol WMS. 

 

WMS is developing a sizeable copper resource through an impressive package of assets, including two highly prospective exploration assets in La Libertad and Piura, Peru, and one past producing copper project located in Andalusia, Spain. 

western metallica spain Peru projects

PERUVIAN ASSETS - Well Positioned Copper Assets on a Prolific Cu-Mo Metallogenic Belt

WMS has acquired mineral claims, rights and interests in two copper-molybdenum porphyry prospective projects located in Peru; Caña Brava and Turmalina. These copper-based prospective projects lie on the Upper Cretaceous and Miocene (northern Peru-Ecuador) Cu-Mo porphyry belt, respectively, both located near the coast with good accessibility surrounding current claims allowing for future project scalability. 

 

These occurrences extend for at least 900 kilometres along the Western Cordillera and the adjacent high plateaus province, defined by a large number of hydrothermal mineral deposits of different types. 

CAÑA BRAVA - La Libertad Province: Highly prospective copper-molybdenum project comprised of 4 exploration concessions across 2,600 hectares, plus 5 newly staked extensions of exploration concessions for 3,100 hectares. This project has evidence for historic copper-gold workings, from a cluster of at least 2 partially eroded porphyry centres (Luz Maria, Caña Brava 1), with a geological target in the order of a potential 500-1,000 Mt of above average grade mineralized rock.

TURMALINA - Piura Province: Historic, high-grade copper-molybdenum producing mine from 1 of 3 known breccia pipes, with a high probability of further discovery of high-grade breccia pipes and a porphyry system at a relative depth, yet to be systematically explored or drill tested. This project is comprised of 7 exploration concessions across 1,950 hectares, plus 2 newly staked extension of exploration concessions for 800 hectares, with potential discovery for a very large porphyry copper-molybdenum system of good grade in the order of 500-1,000 Mt of mineralized rock. 

western metallica Peru copper projects
PERU PROJECTS
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SPAIN PROJECT

SPAIN ASSETS - SURROUNDED BY SIGNIFICANT DEPOSITS ON RICH METALLOGENIC BELTS KNOWN FOR GOLD AND POLYMETALLIC MINERALIZATION

WMS properties are strategically located in the “Navelgas Gold Belt” in a comparable geological environment to the El Valle-Boinas Carles gold mine and Salave project, which are significant gold deposits. The gold mineralization in the area typically occurs in high grade epithermal veins and breccias, skarns and as intrusive related gold deposits.

 

The four gold belts identified in Western Asturias and Galicia (NW Spain) are formed by multiple gold mineralizing events representing several styles of mineralization in a structurally complex, but favourable, terrain of Paleozoic carbonate and clastic host rocks.

 

WMS properties exhibit multi-million ounce gold potential and over 250K T Cu-Equiv. WMS properties are strategically located in mining-friendly jurisdictions, along geologically rich metallogenic belts known for gold and polymetallic mineralization. 

The Nueva Celti Project, located in the Ossa Morena geological belt in the autonomous region of Andalusia, where former Cala and Agua Blanca mines are also located. The Nueva Celti Project was a producing mine with commercial grades of Cu reported, and comprises ~1,250 hectares.

The Sierra Alta Project, likewise located in Asturias, enclosed in the Navelgas Gold Belt, is encompassed in a 90 km long by 20 km wide mineralized corridor, totalling ~2,500 hectares.

The Penedela Gold Project is in the Ibias district, which is located at the southern edge of the Navelgas gold Belt. The Project comprises ~1,900 hectares (482 hectares granted to date) with ~750 metres of strike length. 

 

The Valledor Gold Project, 9 km from Penedela, comprises ~3,500 hectares (*not yet granted), covering a 6 km long by 5 km wide area. 

 

WMS initiated a 2 Phase; 3,000-metre diamond drilling program at Nueva Celti, in Q2-2023, the Company’s priority copper project in Spain due to initial drill hole results that demonstrate comparability to the vast amounts of regional and historical data, as well as high quality infrastructure on and adjacent to the property. Results of the first phase of drilling include 4.55 metres at 2.6% Cu in NCDD001, 26.05 metres at 1.5% Cu in NCDD002, 7.40 metres at 0.6% Cu in NCDD003, 1.65 metres at 1.7% Cu and 5.95 metres at 0.7% Cu in NCDD004. WMS has launched a first stage 500-metre, 2-hole, diamond drilling program at Sierra Alta.

western metallica Spain gold copper projects

NUEVA CELTI - COMPLETED 1,517 METER Drill PROGRAM to date; from a 2 Phase; 3,000-metre diamond drilling program launched Q1-2023

western metallica Spain gold copper projects
NUEVA CELTI
SIERRA ALTA

SIERRA ALTA - ​LAUNCHED 500 metre, 2-hole, diamond drilling program in Q2-2023; Potential for shear-hosted Au epithermal mineralization along a 9-km corridor where documented ancient roman mining workings occurred

western metallica Spain gold copper projects
PENEDELA

PENEDELA - 2,236-metre drilling campaign carried out in 2020 and 2022 by Western Metallica resulted in multiple intercepts exhibiting gold mineralization.

western metallica Spain gold copper projects
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