In April 2024, Cobre entered into a merger agreement with Minera Gold Copper, which, once completed, will result in a 50-50 ownership split between Minera Alamos and Minera Gold Copper in Cobre 4H. Cobre will continue to own the Los Verdes and Potreritos copper projects, alongside Minera Gold Copper’s Suaqui Verde project and surrounding claims.
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Summary:
Los Verdes contains molybdenum-(copper-tungsten) mineralization in breccias related to felsic intrusive rocks. A number of features of the deposit appear to place it in the category of a molybdenum-bearing breccia pipe related to a larger porphyry copper-molybdenum system. The indicative features are postintrusive breccias with interstices partly filled by fine-grained tourmaline, molybdenite, copper and varying amounts of tungsten and base-metals minerals, and late quartz-pyrite. Although Los Verdes has a tabular form, rather than pipe-shaped, it meets the definition of this type of deposit.
The mineralization at Los Verdes is of magmatic-hydrothermal origin, consisting originally of sulfide minerals, principally chalcopyrite, pyrite, and molybdenite, and apparently related to the granodiorite. Weathering near the surface has converted some of the mineralization to an oxide facies (principally ferromolybdite plus iron oxides). Some of the metals liberated by oxidation of sulfides have percolated downward, and have re-precipitated as secondary sulfides, mainly chalcocite, in the vicinity of hypogene sulfide minerals.
The mineralized zone on the Los Verdes property is about 300 meters northeast-southwest, and 200 meters northwest-southeast. Its eastern edge is at the Moly Pit, where it is cut off by the Buena Vista Fault. The mineralized zone is centered beneath the ridge extending southwest from the Moly Pit.
The Los Verdes mineralization is centered on a lens-shaped body of veining and stockworking within the granodiorite. The lower levels of the drilled portion of the granodiorite may be barren of mineralization but are typically cut by veins and veinlets of quartz with pyrite. This level is referred to a “hypogene granodiorite”.
At higher levels, the veining and brecciation become abruptly greater, with introduction of copper sulfides and molybdenite. Brecciation and filling of voids by tourmaline and chlorite becomes more abundant upwardly.
A distinct supergene zone is present at Los Verdes, overlying the hypogene mineralization. It is readily defined by Cu values much greater than the oxide zone, often over 1% Cu. Mo and W may be elevated compared to the oxide zone, but less notably. Copper-oxide minerals (notably malachite and azurite) often occur at the top of the zone.
The surface of the mineralized zone at Los Verdes is generally underlain by a near-surface oxide zone, typically carrying about 0.1% Mo, mainly as ferrimolybdite, and up to 0.2% Cu, largely as traces of malachite and azurite. While the same copper minerals may occur in both the oxide and the secondarily-enriched zone, the transition of molybdenum minerals is quite abrupt: ferrimolybdite above, and molybdenite below. Jarosite, and ferritungstite also occur, in addition to limonite. These minerals occur as disseminations and in weakly-defined veinlets in granodiorite.