Welcome!

News Feed Item

Meryllion Completes a 43-101 Technical Report on Its Cerro Amarillo Cu-(Mo-Au) Project in Argentina and Proposes a First Stage Drill Program

VANCOUVER, BC--(Marketwired - July 28, 2014) - Meryllion Resources Corporation ("Meryllion" or the "Company") (TSX VENTURE: MYR) is pleased to announce that it has completed a NI 43-101 Technical Report on its Cerro Amarillo Cu-(Mo-Au) project in west central Argentina (Figure 1) which recommends that the Company proceed with a 14-hole, 5,300 m first stage drilling program on the property.

To date, that Company has identified five distinct porphyry style intrusive-hydrothermal systems on the The Cerro Amarillo property:

  • Cerro Apero;
  • Vaca de Cobre;
  • Cerro Choro;
  • Cajon Grande; and
  • La Blanca.

Substantial mineralisation of several styles has been identified at surface in each system except Cerro Choro (Figure 2). Moreover, these porphyry systems are clustered along a northeast-trending structural corridor on the property which transects the southern extension of the orogen-parallel, Miocene-Pliocene metallogenic belt that also hosts the El Teniente, Los Bronces, Los Pelambres, and Altar porphyry copper deposits.

Location and Infrastructure

The project covers an area of 168 km2 close to the border with Chile in southern Mendoza Province in the Department (County) of Malargüe. The property lies in the mountains of the Andean Cordillera at an average elevation of 3,000 MASL and has a relative relief of some 1,800 m from 2,000 MASL to 3,800 MASL. Much of the project area receives snow from May to November each year resulting in a practical field season of some five months from early December to late April. The town of Malargüe is the nearest major service centre lying 53 km southeast of the property. The town is the seat of local government and is also a service centre for the petroleum industry. It hosts the province's only technical mining school and is served by a towered airport with a 2,650 m paved runway.

Public roads pass to both the north and west of the property, although there are no vehicular roads or tracks within the property boundaries; all access to date has been via horseback, on foot, or by helicopter. Ample water resources for the project can be found either on the property or in the Rio Grande which flows along the western boundary of the property. High voltage transmission lines lie within reasonable distance from the project area to support future mine development.

Summary of Exploration Work

Meryllion carried out the fieldwork over two field seasons, 2011/2012 and 2013/2014. The work comprised:

  • prospecting and sampling over much of the property;
  • detailed mapping over Cerro Apero, Vaca de Cobre, Cerro Choro, Cajon Grande, and La Blanca;
  • geochemical sampling on grids over Cajon Grande and Vaca de Cobre as well as talus sampling along scree slopes and crests at la Blanca and Cerro Choro;
  • induced polarisation surveying over Cajon Grande and Cerro Apero; and,
  • helicopter-borne magnetic and radiometric surveying over the Cerro Amarillo property.

This work led to discovery of the La Blanca, Vaca de Cobre, and Cerro Choro porphyry systems in addition to better definition of mineralisation at the previously known Cerro Apero and Cajon Grande systems. 

Geology and Mineralisation

The Cerro Amarillo project area covers part of the northwest margin of the Neuquén Basin which developed as a back-arc rift during late Triassic time and then filled with a transgressive sedimentary sequence during the Jurassic and Cretaceous time. The Neuquén Basin was subsequently intruded by intermediate igneous rocks and covered by associated volcanics during two periods of magmatic activity from the late Miocene to early Pliocene. Large porphyry style mineralisation systems are known to be associated with both magmatic events.

Geology within the project area includes an eastern domain of acid volcanics that represent basement to the Neuquén Basin, a central domain of sediments that represent the lower parts of the Basin fill and a western domain of andesites that represent the Miocene-Pliocene volcanic activity. The sediments and volcanics have shallow westerly dips. Boundaries between the domains may represent unconformable contacts or thrust faults. A suite of dioritic to dacitic porphyry intrusives occurs in several small complexes that intrude all three domains. These intrusives are thought to represent the Pliocene igneous event.

Large scale "porphyry style" hydrothermal alteration and mineralisation systems are associated with four of the five identified intrusive complexes on the property. These systems are: the Cajon Grande, Vaca De Cobre, La Blanca and Cerro Apero prospects. All four prospects contain intrusive hosted stockworks and hydrothermal breccia. Skarn style mineralisation has developed at the Cerro Apero and Cajon Grande prospects where intrusives have intersected carbonate-bearing stratigraphy. Similar skarns may have developed at the La Blanca prospect below the current level of exposure. The mineralised porphyry complexes define a remarkably linear northeast trend that is at a high angle to north trending regional structures. This trend may reflect a crustal level structure that has controlled magma transport for the intrusive complexes. The intersection of such transcurrent structures with orogen-parallel structures is thought to be important in controlling the location of many major porphyry mineralisation systems in plate margin environments.

Planned Program

All four mineralisation systems have good potential to contain substantial copper, gold and, possibly, molybdenum mineralisation. Surface exploration to date has identified high priority targets for drill testing in each of the four major prospects. A series of 14 drill holes totalling 5,300 m has been planned to test these targets (Figure 3). Because of the nature of the terrain and the fact that there are no roads or tracks on the property, the drill campaign will utilize helicopter-portable rigs, and experienced helicopter support will be critical to the successful completion of the program. A suitable base of operations will need to be established on the property to support helicopter operations, drilling, logging, and on-going exploration activities. The anticipated cost of the recommended first stage drill program is estimated by Meryllion to be US$ 5.3 million. An Environmental Impact Report for Stage II Exploration (ie, drilling operations) has been submitted to the relevant authorities of the Province of Mendoza and is awaiting ratification.

"The Cerro Amarillo project shares many characteristics of world-class porphyry copper deposits," noted Meryllion's CEO Terry Krepiakevich, "First of all, Cerro Amarillo comprises a cluster of porphyry occurrences much the same as at Los Bronces, Escondida, Chuquicamata, and Collahuasi in Chile as well as the Vicuña project and the cluster of porphyry deposits in the Alumbrera district in Argentina. Secondly, it lies on the southern extension of the Miocene-Pliocene metallogenic belt which hosts the behemoth deposits of El Teniente and Los Bronces of similar geological age. And, thirdly, this mineral district straddles the transition zone between Andean segments -- in this case between steep subducting segments and the flat slab segment -- a feature which the other camps of behemoth deposits have in common." Commenting further, Mr Krepiakevich remarked that "We anticipate that the ratification of our permits to drill will be completed by September/October this year; and, if this is achieved, then we are expecting to commence our first stage drilling program in December this year."

The Technical Report entitled "Technical Report on the Cerro Amarillo Project, Mendoza Province, Argentina, NI 43-101 Report" dated July 28, 2014 (the "Cerro Amarillo Technical Report") was prepared for Meryllion by independent consultants Nicholas Tate AIG and Anthony Watts PGeo. The Cerro Amarillo Technical Report is available on the Company's SEDAR profile at www.sedar.com . Meryllion's program at Cerro Amarillo was supervised by Willem Fuchter, PhD PGeo, CEO of Meryllion's subsidiary in Argentina. Dr Fuchter is a Member of the Association of Professional Geoscientists of Ontario ("APGO"), and is a qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. He has approved the data disclosed in this news release.

ABOUT MERYLLION

Meryllion is a natural resource company engaged in the acquisition and exploration of resource properties in South America. It currently holds options to acquire two exploration projects in Argentina, the Cerro Amarillo Cu-(Mo-Au) Project located in west central Argentina and the Providencia Ag-Cu Project located in northwest Argentina.
For more information, please contact

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Image Available: http://www.marketwire.com/library/MwGo/2014/7/28/11G019223/Images/Figure1-320831945368.jpg
Image Available: http://www.marketwire.com/library/MwGo/2014/7/28/11G019223/Images/Figure2-1201901407413.jpg
Image Available: http://www.marketwire.com/library/MwGo/2014/7/28/11G019223/Images/Figure3-750045559497.jpg

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...