VANCOUVER and SANTIAGO — Sometimes everything — talented people, promising property and investors' money — comes together to create a mining company with a better-than-average chance of success. Such appears to be the case with Apoquindo Minerals.
The company is less than five years old, but its leaders have much more experience than that. They come from Codelco, Antofagasta and Goldfields. The board includes three ex-Codelco people: chairman Juan Villarzú who was president and CEO for nine years, Jozsef Ambrus who logged 10 years with Codelco, and Bruno Behn who was general manager of Codelco operations in Salvador. Also on the board is Juan Enrique Vargas, a former operations manager for a division of Antofagasta and for TVX Gold. President and CEO Cesar Lopez is a founder of Centenario Copper; consulting geologist Thomas Henricksen has a Centenario background as well as being chief geologist for Norsemont Mining.
Their enthusiasm and belief in their co-ordinated abilities have propelled them to investigate projects in Chile and Peru. Chief among them is the Apoquindo copper oxide project located in the Antofagasta Region of Chile. The Elenita and Madrugador deposits are only 18 km apart. A 43-101-compliant report has been prepared for each of the deposits. Together they have a combined measured and indicated resource of 31.9 million tonnes grading 0.8% Cu. The inferred resource is 6.2 million tonnes at 0.7% Cu.
Last month Apoquindo struck a joint venture deal with a subsidiary of Minera SA to further advance the copper oxide project. Minera can earn 50% of the project by spending C$10.8 million and an extra 15% by completing the feasibility study.
Not only are the company leaders savvy about their copper projects, they know about raising funds to move forward. In my opinion, this may be one to watch. All it takes is money to develop a new copper producer.
More information is available at www.ApoquindoMinerals.com.
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