Power Minerals Resumes Copper-Gold Exploration at Santa Inés, Argentina Amid Rising Commodity Prices
Power Minerals has resumed exploration at its Santa Inés copper and gold project in Argentina, driven by rising commodity prices. The company has identified a high-priority target at a depth of approximately 600 meters beneath known mineralization, following previous drilling that confirmed mineralization across all five holes. To enhance exploration, Power Minerals plans to implement a data-integration program using modern geophysical techniques.
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Power Minerals has restarted exploration at its Santa Inés copper and gold project in Argentina, motivated by increasing copper and gold prices. The company has pinpointed a high-priority target at approximately 600m depth beneath known mineralization.
Previous exploration identified high-grade surface mineralization, with rock chip samples exceeding 1% copper and 0.8g/t gold. In 2022, Power Minerals drilled five holes averaging 113m deep, confirming mineralization in all holes.
The company plans to enhance its exploration efforts through a comprehensive data-integration program, utilizing modern geophysical processing techniques to define deeper targets and integrate existing drill core data with structural mapping. Current gold prices are over US$5,500 per ounce, and copper prices are nearing US$6 per pound.
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