Chilean Metals Inc. (CMETF) Positioned Well Above Most Minerals Exploration Companies
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July 17, 2014 (Investorideas.com Mining stocks newswire) Chilean Metals, a Toronto-based minerals exploration company, holds 100% ownership in 6 properties in northern Chile, totaling roughly 80 square miles, in a region known primarily for iron, copper, and gold deposits. The company is currently focused on opportunities in gold and silver, as well as copper and molybdenum, and has already identified multiple high-impact IOCG (Iron Oxide, Copper, Gold) porphyry type rock targets that are drill ready.
All six IOCG properties are listed below. Management intends to initiate drilling on at least two of these projects in 2014, and feel they can achieve maximum leverage on every investment dollar with minimal risk.
1,000 Hectares, 100% owned
Palo Negro: Cu-Au-Fe (IOCG)
6,500 Hectares, 100% owned
Hornitos: Cu-Au-Fe (IOCG)
3,200 Hectares, 100% owned
Tierra de Oro: Cu-Au-Fe-Ag (IOCG)
6,000 Hectares, 100% owned
Sierra Pintada: Cu-Au
4,700 Hectares, 100% owned
725 Hectares, 100% owned
A major step for Chilean Metals is their recent move to OTCQX, the highest trading tier in the OTC market. This market has strict financial standards that its trading companies must meet. International companies use what is called a PAL (Principal American Liaison) to facilitate communication with the U.S. investment community. A PAL must be a FINRA (Financial Industry Regulatory Authority) member investment bank or ADR bank. For Chilean Metals, this role will be filled by Merriman Capital, a subsidiary of Merriman Holdings.
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