The Quebrada Seca project lies in Catamarca province about 75km to the southwest along the same regional-scale structure as Xstrata Copper’s Bajo de la Alumbrera copper-gold mine and Agua Rica copper-gold development project.
The Chalchalero is in western La Rioja Province near the San Juan provincial boundary, about 290km north of Malbex’s office in San Juan.
Malbex Resources president and CEO Tim Warman said the Del Carmen project remains the company’s key project, but with only a seven month exploration season in the Andes, it is critical to Malbex’s future success to deliver a continuous stream of exploration results on a year-round basis.
"We intend to begin working on these projects and our new gold project in Peru shortly after the Del Carmen project winds down for the winter in late April," said Warman.
Malbex will acquire 100% ownership of the Chalchalero project from a private Argentinean owner in return for staged payments totalling $800,000 over three years.
