Austral Gold controls an extensive portfolio of +150,000 hectares of mining properties in the Palaeocene Belt.
They are in the central depression of northern Chile, between the country’s coastal range and the Andes mountains, throughout an extension of 1,500km. In this prospective area, Palaeocene to early Eocene rocks was deposited on an extensional volcano-tectonic basin bounded on the west by north-northeast trending faults (e.g., Catalina-Dominador Fault System) and on the east by the Domeyko Fault System, that separates the Tertiary rocks from Mesozoic and older units.
The Palaeocene Belt includes many epithermal to mesothermal gold-silver bearing veins and porphyry deposits. The southern domain of the belt, close to our Amancaya Mine, is characterized by a high degree of preservation, with Low Sulphidation (LS) and High Sulphidation (HS) systems where the epithermal mineralization occurs in veins, breccias, and disseminated deposits.
Our presence in Chile’s Palaeocene Belt primarily covers three Geological Districts: