Project Andes-21
This is an invented example. It is not a real project and not an offer.
Summary
An invented example of a grassroots target with surface work only. The case rests on alteration and geochemistry rather than drilling.
The owner would consider a sale. This listing is illustrative and does not describe a real project.
- Surface geochemistry and mapping only
- Alteration visible in satellite imagery
- No drilling to date
- Adjacent ground held by another company
Stage classification
Stage 1: Grassroots, surface work only, no drilling
In short: A target defined by surface geochemistry, mapping and alteration seen from satellite, with no drilling yet. A clear stage 1 project: the case rests on the geological idea, not on results.
What puts it at this stage
- Surface geochemistry and geological mapping over the target
- Alteration visible in satellite imagery, consistent with a porphyry system
- An exploration concession over the ground
What keeps it from stage 2
- No drilling to date, so there is no proof of mineralisation at depth
- Title is still pending, and exploration permits and surface access have not been started
What would move it up
- Scout drilling of about 3,000 m, with mapping, geophysics and permits: what this deal funds, about $5M over about 24 months, aiming for a discovery hole (stage 1 to 2)
What could move it back
- Most grassroots targets miss when drilled. If the scout holes find nothing significant, the target may be dropped
Read about stage 1 or see the full stage guide.
- Stage 1: GrassrootsMapping and surface sampling, up to the first drill holes.Prospectors, junior explorersPlatform focus
- Stage 2: Discovery drillingDrilling has intersected mineralization; no resource estimate yet.Junior explorers
- Stage 3: Maiden resourceFrom the first resource estimate up to a published PEA.Few natural funders (the gap)
- Stage 4: Resource upgradeFrom the PEA to the PFS: infill drilling upgrades Inferred to Indicated.Few natural funders (the gap)
- Stage 5: Pre-developmentFrom the PFS to the build decision: Measured drilling, the feasibility study, permits and financing.Mid-tier miners, strategic partners
- Stage 6: Development and productionFrom the build decision through construction and ramp-up to an operating mine.Majors, banks, streaming and royalty companies
Location and access
Atacama, Chile · Unpaved road to within 10 km
The shaded circle is deliberately imprecise. Exact locations and licence numbers are not published.
- Unpaved road to within 10 km
- No grid power nearby
- High altitude, about 3,500 m
The full listing is for registered investors
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- Screening: ownership, title and encumbrances
- Geology, drilling and resources
- Engineering, studies and reserves
- Permitting
- Deal terms and use of funds
- Verification
Lode Exchange publishes educational material only. Nothing on this site is an offer, solicitation or investment advice. Mineral exploration is high risk and most projects fail; investors could lose all of their capital. Project listings are teasers, not offers, and examples and figures marked illustrative do not describe real projects.
Deal terms on this page are indicative, provided by the owner, and not an offer. Any deal is subject to due diligence and final documentation. The deal calculator uses the reader's own assumptions; its results are illustrations, not valuations by Lode Exchange. Registering interest is not an application to invest.