METAL PRICE
Wednesday 18 October 2017

Renovation: Chile Explore Congress 2017

October 2017: The fourth Chile Explore Congress took place in Santiago to a packed house, where 37 industry leaders and over 250 attendees analyzed the future of exploration, assessed financing options and proposed solutions to various problems.

Nineteen projects and two discoveries were presented at the Santiago Hotel during the two day event.

The Congress began on September 27 where it focused on copper and gold exploration and the situation facing commodities. Neil O’Brien, VP Exploration at Lundin Mining, recounted the successful development of resources at Candelaria, Eric Roth from Sandstorm Gold presented the history behind the Hot Maden high-grade deposit, and the Economic Geologist Michael Doggett focused on the importance of sunk costs to renew the industry.

On the same day, Chris Berry from House Mountain Partners and Daniela Desormeaux from SignumBox addressed prospects and challenges for lithium and cobalt. Graham Begg from Minerals Targeting International gave a special presentation on the gold and copper panorama in the Cordillera, while Raul Guerra, VP Exploration for South America, spoke about the Alturas discovery.

The geologist Fernando Rojas reported on the Salares Norte discovery, and Thomas Bissig, Geochemistry Director at Goldcorp, described various metallogenic and geochemical considerations related to Andean porphyry systems. The first day finished with an undercover postmineral exploration and new technologies session, which was led by the researchers Peter Winterburn, Michael Gazley from CSIRO, Diana Comte Director at ATMC, and Luis Farfán GeoScience Manager for Reflex South America.

The second day of the Chile Explore Congress 2017 focused on financing exploration and how Chile could recover. Martin Valdés from Resource Capital Funds and Joe Mazumdar from Exploration Insights presented their private capital financial model, the current trends in exploration and how to improve the likelihood of a discovery.

Following the Fraser Institute survey that dropped Chile’s ranking by 28 points, and questions arising about the potential for exploration in Chile, César Salazar, Cadastre Manager at INGEMMET, gave a presentation on granting mining concessions in Peru and how this institution functions. Representatives of Andes Iron presented the Dominga case and the ambiguities surrounding the current permit system. While the lawyer Jerónimo Carcelén moderated a session on mining concession law, which included participation by Jorge Cantallopts from COCHILCO, the former Assistant Secretary of Mining Ignacio Moreno, and the lawyers Miguel Tobar and María Paz Pulgar.

Representatives from strategic teams supporting the presidential candidates also participated in the day’s events, and they presented guidance on their respective exploration policies.

The Congress culminated with the presentation of projects in Chile, Peru and Colombia within the Project Showcase session. This is an integrated platform that identifies and reviews the most exciting exploration opportunities in Latin America. After listening to all the presentations, the attendees chose Mauricio Arce, Exploration and Resources Manager at Mantos Copper, as the best speaker for his presentation on the exploratory vision for Mantoverde.

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