Latin American focused mining exploration
Westminster Resources is acquiring 100% interest in the Mostazal copper project – 16 km2 of highly prospective concessions located in Chile, to add to its existing Ilo Norte and Este copper projects in southern Peru covering over 112 km2.
Three large scale, high quality projects
Recent acquisition in Chile, and two 100% owned projects in Peru.
Drill-ready multi-kilometre porphyry target
Scheduled 2021 drilling at Mostazal to test multi-kilometre interpreted porphyry feeder system, as well as enriched mantos-style surface layer.
Excellent capital structure
19m shares outstanding, 33% insider ownership.
Former Sumitomo, Phelps Dodge, Hancock, with deep corporate and financial experience.
- Westminster holds three large-scale high-quality projects in one of the world’s richest copper districts in the Andes porphyry copper belt.
- The newly acquired Mostazal project in Chile contains eight exploitation licenses totalling 16 km2; a drill ready, multi-kilometre copper porphyry target is scheduled for testing in 2021.
- Preliminary interpretation of the geophysical data indicate mineralization at surface has a striking correlation to four deeply rooted magnetic anomalies – 2 of which measure a combined 1.6 km in diameter.
- Detailed historical resource studies have been produced along with 60 drill holes totalling 11,380 m.
- Mostazal is host to historical and recent small-scale production.
Why Mine in Chile and Peru’s Copper Belt?
- Chile is the largest copper producer in the world. It has averaged 5.7 million tonnes of copper produced over the last decade. In 2020 Peru was the second largest copper producer at 2.2 million tonnes.
- These southwest coastal regions host extremely polymetallic rich formations.
- Chile and Peru are prime mining jurisdictions for copper production due to:
- Favourable mining laws
- Access to infrastructure
- Access to capital and skilled labour
- Mining friendly political environment
- High contributions to Chile and Peru’s GDP
Westminster Resources Ltd. (“WMR” or “Westminster” or the “Company”) is pleased to announce the Company has closed the non-brokered private placement, which was announced March 30, and expanded...
March 30, 2021 TSX-v Trading Symbol: WMR Frankfurt: 08W3 Westminster Resources Ltd. (“WMR” or “Westminster” or the “Company”) is...