Chilean Metals Chile Iron Oxide - Copper - Gold Belt

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Chile Iron Oxide - Copper - Gold Belt

IOCG Belt of Chile

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Chilean Metals (CMX) is a 100% owned

subsidiary of International PBX Ventures.

100% owned large land holdings in the

prolific Iron Oxide - Copper - Gold (IOCG)

Belt of Chile

IOCG belt hosts numerous copper-gold

deposits including Mantos Blancos, Manto

Verde and Candelaria.

The tremendous size, relatively simplemetallurgy and relatively high grade of IOCG

deposits can produce extremely profitable

mines.

CMX projects host drill ready large copper-gold porphyries

CMX plans to drill a large IOCG Porphyry

target on Tierra de Oro in the 2012 season


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Tierra de Oro Project

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HuasocoPort


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Chanchero Target: Airborne Magnetics

Magnetite content (Iron) of IOCG systems generate a strong magnetic response. Airborne magnetics shows a strong magnetic response

(IOCG) adjacent to the previously define porphyry system. IOCGs are clearly distinct in character and origin from magmatichydrothermal systems (e.g., porphyries).

StrongMulti-coincident Anomalies

PorphyryCu System

StrongMulti-coincident Anomalies

PorphyryCu System

Chanchero TargetGeophysics: Airborne Magnetics

Plan MapPlan MapPorphyry

Cu System

Plan MapPorphyry

Cu System

Porphyry

Cu System


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IOCGs & PorphyriesAn Important Pair

IOCG & Porphyry Conceptual model (Barton and Johnson, 2000) that contrasts igneous-related mineral deposits dominated by: (1) magmatichydrothermal fluids (on right, = porphyry type) with (2) those dominated by non-magmatic (external) brines (on left, = IOCG type). In many IOCG

systems the predominant fluid source is a non-magmatic brine with Fe & base metals removed. Cu(-Au)-rich IOCG deposits will principally be afunction of the availability of sulfur from an additional external source ie. nearby porphyry system.

Porphyry

System

IOCG Model

TDO Chanchero IOCG-Porphyry GeophysicsPlan MapPlan MapPorphyry

Cu System

Plan MapPorphyry

Cu System

Porphyry

Cu System


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TDO IOCGs & Porphyries

Chanchero porphyry

1. Alteration

2. Cu, Mo, Au geochem anomalies

3. Magnetic low

4. Resistivity low

5. Chargeability high6. Em Anomaly

7. Adjacent IOCG system (Mag High)

IOCG

1. Deep magnetic intrusive body

2. Iron Skarn zone at surface

3. Adjacent copper porphyry system

may provide the sulfur necessary

for copper sulfide mineralization.

A drill program is planned for the 2012 season

Plan Map

Porphyry

Cu System

Porphyry

Cu System

B

A

The Chanchero porphyry target is shown to be a strong multi coincident alteration,geochem & geophysical target. The Chanchero target area appears to containboth a sulphide rich porphyry (IP) with an adjacent large IOCG type intrusive body.



HuasocoPort

Sierra Pintada Project


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The Sierra Pintada property

covers a 15 kilometer strike

length of the north-south-

trending Atacama Fault

System that is known to

host many of the major

deposits in the Candelaria

IOCG belt.

The property is readilyaccessible from the town of

Vallenar 30 km to the east

and is nearby to rail, roads,

power, water and shipping

port.

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Sierra Pintada Project



Sierra Pintada ZTEM Survey

Artisianal Workings

ZTEM Airborne deep penetration survey identifies

Atacama fault system on Sierra Pintada.

Two primary copper and gold-bearing mineralised

structures,Via and Gloria, each at least 15

kilometres in length and 50 to 200 metres in width.

Wherever these structures emerge from beneath

overburden they are the centers of numerous

prospect pits, adits and shafts to depth of 50 metres

on high grade Cu-Au (Ag,+/-Co) and Au-Cu (Ag)

fissure veins from 1-5 metres in width.

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HuasocoPort

Palo Negro & Hornitos Projects



HornitosPaloNegro

Tierra de Oro

Tabaco

Geophysical surveys are the most successful survey methods for identifying large copper goldporphyry targets in the vast barren expanses of northern Chile

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25km16miles

PaloNegroPalo

Negro

HornitosHornitos

Candelaria Mine

Freeport-McMorans Candelaria IOCG deposit(470 Mt at 0.95 % Cu, 0.22 g/t Au)

Chilean MetalsZulema Property

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Atacama Fault Splays



Potential to host IOCG and Cu-Au

porphyries as well as bulk tonnage

and high grade Au systems

Covers a 14 km strike-length of the

major Atacama Structural Zone

Similar geology and IOCG alteration

to Candelaria IOCG deposit

IOCG deposits respond to magnetic

and IP Surveys

The 2011 survey delineated several

large magnetic anomalies (IOCG

targets) coincident with structures ofthe Atacama fault systems

Geophysics:

ZTEM Airborne Survey

10 kms0

Magnetic Anomaly& Porphyry Target

Avispada

AnomalyPrimary Target

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Workings in the Avispada mine area

with magnetite+k-feldspar+Cu-

oxides in metasediments

typical of IOCG alteration and

mineralization.

Prime IOCG Signatures

IOCG magnetite+k-feldspar alteration in

metasediments in the Avispada mine area.

Also see Cu-oxide staining along edges of

massive magnetite veins.

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Avispada Workings


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Chilean Metals Chile Iron Oxide - Copper - Gold Belt

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