Vince, I checked their webpage: generalminerals.com
Looks interesting. Unfortunately, their property is on a very high mountain peak. Goto their webpage for some excellent photos of their project sites. One of their press releases have some drill results-nice copper with minor gold/silver. With low copper prices-its econmically viability is questionable.
"Escalones - Chile Escalones is an exciting new copper-gold skarn and porphyry prospect located in the central Chilean porphyry copper belt, only 30 km east of the El Teniente copper mine. No modern exploration had been conducted on the property prior to its acquisition by General Minerals in late 1996, although numerous tunnels were historically developed on high grade copper and gold-bearing skarn exposures. GMC exploration indicates that these workings have now been discovered to be situated within a four square kilometre area of hydrothermal alteration accompanied by widespread, surface oxide and sulphide copper mineralization. Up to several percent copper and 14 grams per tonne gold have been obtained from channel samples of outcropping skarn mineralization. Additionally, the skarn mineralization occurs peripheral to a leached, intensely hydrofractured intrusive porphyry. The entire altered and mineralized package of rocks is contained within a highly anomalous SP geophysical anomaly measuring four square kilometres in area, indicating the presence of subsurface sulphide mineralization in the porphyry-style setting. The surface exploration conducted to date has revealed widespread copper mineralization on the property. Copper values up to 1.2% over a 60 metre sample width have been obtained from channel sampling of roadcuts.
We currently expect that a dry Andean winter will allow an early start to field activities at Escalones. Last season, which ended in May of 1998, was extremely short due to the much later than normal melting of an extemely heavy, El Nino-related snow pack in the central Chilean Andes. Access to the higher elevations of the property is presently being re-established while IP geophysics is scheduled in the latter part of September. This will be followed by diamond drilling in October. The area controlled by GMC at Escalones totals over 75 square km.
Concurrent with the Escalones property work, exploration of additional land in the immediate vicinity of Escalones and El Teniente is scheduled to begin in late September. This land was acquired by GMC on the basis of satellite imagery interpretation and its potential through proximity to El Teniente, the world's largest underground copper producing mine." |