The project is situated in the Maricunga gold district, between the Refugio mine and the Cerro Casale gold deposit.
The company said initial drilling will collect more detailed geotechnical data and core material for advanced metallurgical evaluation programs for a potential extension to the current engineering program.
Following initial drilling for engineering study purposes, drilling will focus on testing new porphyry targets in close proximity to Caspiche.
This program will allow the company to follow up on encouraging hydrothermal alteration associated with porphyry mineralization intersected late last season on the adjacent Sideral project held under option from Xstrata.
The company said its landmark pre-feasibility study on the combined Caspiche oxide-sulfide deposit is entering its final stage.
