PepinNini Minerals (ASX: PNN) has resumed field activities at its Santa Ines porphyry project in Argentina, where it aims to discover large copper-gold or gold-molybdenum-copper systems.
The geology here hosts several substantial deposits, such as the Escondida Copper Mine and the Lindero Gold Deposit, which are located to the north west and south east.
Santa Ines lies within one of several major structural corridors that control the distribution of porphyry-epithermal deposits in the Andean Belt.
Planned exploration activities are designed to complement previous mapping, sampling and ground work undertaken in December 2013, with induced polarisation surveys across two promising target areas.
The El Obsequio Prospect covers the artisanal copper workings that returned 21.1% copper, 0.9 g/t gold, 34.9 g/t silver, and a complex magnetic anomaly.
The La Recompensa Prospect is an 800 metre by 1400 metre anomaly has indicated a sizable magnetic source which deepens to the west.
IP lines will be completed across the shallower portion of the modelled anomaly in an attempt to detect chargeability
anomalism worthy of drill testing.
This current phase of the exploration program is expected to be completed by early May 2014.
PepinNini also shares an iron ore project with Sinosteel (SHE:000928) at Billeroo, a nickel-copper joint venture with Rio Tinto (ASX:RIO) in the Musgrave region, and platinum exploration with CSIRO, all in South Australia.
The company is capitalised at less than $3 million.
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