Minsud commences Phase 2 diamond drilling at Chita Valley Project, San Juan, Argentina
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TSX-V: MSR
September 30, 2020
Minsud commences Phase 2 diamond drilling at Chita Valley Project, San
Juan, Argentina
TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”)
is pleased to announce the commencement of Phase 2 diamond drilling program, comprising a total
of 4.100 meters, in 9 holes with variable depths between 350-600 meters, at the Chinchillones and
Chita Polymetallic and Porphyry Complex, part of the Chita Valley Project.
Map 1: Chinchillones and Chita Polymetallic and Porphyry Complex
This Phase 2 drilling program will test some of the targets identified as consequence of:
Phase 1 drilling program, completed during first half of 2020 (see press release dated June
23, 2020);
results from the pole-dipole geophysical survey covering 68 kilometers over 13 IP lines,
completed on July 2020, and;
recent detailed HD lithogeochemical studies, as well as the current review of the results of the
historical geochemical, geophysical and geological field surveys.
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The Chita Valley project consists of a cluster of Tertiary intrusive bodies (lacolithe, domes, porphyries)
and Phreatic Hydrothermal and Phreatomagmatic breccias (diatreme) emplaced along or immediately
adjacent to the major Chita Valley West-East structural corridor . Continuous reactivation of the
hydrothermal system are supported by the telescoped Intermediate Sulfidation (IS), precious metal
veins and Porphyry Copper Deposit (PCD) along the South and North border of the Chita valley.
Chinchillones target: The Phase 1 scout-drilling program and the revision of the historical drill results
performed in the Chinchillones area have provided some intercepts that support the presence at
shallow and at down depth level of a Zn-Pb-Cu-(Ag-Au) polymetallic epithermal system and a porphyry
system intercepted below the Chita valley . The drilling at Chinchillones targe t comprises 4 diamond
drill holes totalizing 1,700 meters (Map 1), distributed as follows:
Two drill holes to test porphyry targets with significant coincident IP anomalies below the
lithocap environment (Breccias Ridge target).
One drill hole to test porphyry bodies associated with the Chinchillones breccias.
One drill hole to test a substantial IP anomaly potentially affiliated with the mapped
intermediate sulphidation epithermal base metal sulphides-quartz veins.
Chita North and South targets: The drilling at Chita porphyry comprises 5 diamond drill holes totalizing
2,400 meters (Map 1), distributed as follows:
At Chita North, the objective is to test the mineralized porphyry copper center that shows
significant Cu -Mo-Au trend in two old diamond drill holes and lithogeochemical surface
samples.
At Chita South, Cu in phyllic hydrothermal alteration suggests a continuity in the porphyry
system towards the valley, high magnetics susceptibility and IP >30 mS; with strong presence
of Mo > 200 ppm in old logging sampling suggest the presence of an underlying intrusive body.
Test a significant IP anomaly and a NW structural corridor with important values hosting
porphyry stock work veinlets with IP>30 mS.
The current program is fully funded under an agreement with South32 whereby South32 has an option
to earn a 70% interest in the Chita Valley property upon contribution of exploration funds and a
prefeasibility study . To maintain its option in good standing , South32 must co ntribute minimum
exploration funding of CAD$14 million over a 4 -year option period with minimum exploration
expenditures of CAD$3.5 million in Year 1. Minsud will act as operator during the option period.
Mr. Mario Alfaro, Professional Geoscientist, VP-Exploration of the Company, is a qualified person as
defined by Canadian National Instrument 43 -101. Mr. Alfaro visited the property and has read and
approved the contents of this release.
About the Chita Valley Project, San Juan Province:
The Chita Valley Project is a large exploration stage porphyry system with classic alteration features,
widespread porphyry s tyle Cu -Mo-Ag-Au mineralization and associated gold and silver -bearing
polymetallic veins of intermediate sulfide composition that conformed an outcropping porphyry system
at Chita and a lithocap of a porphyry system at Chinchillones. San Juan Province of Argentina has a
robust mining sector and recognizes the important economic benefits of responsible development of
its substantial Mineral Resource endowment.
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About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo- Au-Ag
Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of
selected early stage prospects, including 6,000 ha in Santa Cruz Province, Argentina.
FOR FURTHER INFORMATION PLEASE CONTACT
Ramiro Massa
President and Chief Executive Officer
+1 416-479-4466
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