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Los Chancas
Peru
Main commodities: Cu Mo Au
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The Los Chancas porphyry copper-molybdenum-gold deposit is located on the SW margin of the Clickonimagefordetails.
Andahuaylas-Yauri belt, on the eastern margin of the Western Cordillera, at an altitude of 3400 to
4000maslinsouthernPer,485kmSEofLima,135kmSWofCusco,60kmSSWofAbancay.
(#Location:1410'3"S,737'19"W).

TheMiddleEocenetoEarlyOligoceneAndahuaylas-Yauribeltporphyrycopperprovinceissituatedin
southeasternPeru,extendingfor~300kmbetweenAndahuaylasintheNWandYauritotheSE.The
beltincludesbothporphyryrelatediron-copperskarnmineralisation,suchasTintaya,AtalayaandLas
Bambas,andtypicalporphyrystylealterationandcopperMoAumineralisation,suchasAntapaccay,
LosChancasandCotabambas.Othermineralisationincludesreplacement,andsediment-hostedoxide
zincdeposits,andminorepithermalvein-styleores.
For more detail of the geology of the Andahuaylas-Yauri belt see the separate Las Bambas and
Cotabambasrecords.

TheLosChancasdepositisassociatedwithacylindricalintrusionofgranodioriteandquartzmonzonite
porphyries, which occur as an inlier of the regional Middle Eocene to Early Oligocene Andahuaylas-
YauriBathlolith.ThisintrusionwasinjectedintwophasesintocountryrockoftheLateJurassictoMid
CretaceousYuraGroup,specificallythesandstone,quartzitewithinterbeddedshalesandlimestoneof
the latest Jurassic Chuquibambilla Formation, but mostly the white quartzite and lesser shales of the
LowerCretaceousSorayaFormation.Boththemainintrusionandcountryrocksareintrudedbydykes
thatareyounger,andcompositionallyandtexturallydistinctfromthemainintrusion.

The main mineralised zone covers an area of ~1000 x 800 m and is located within a deep, conical
depression drained by a stream to the west into the Rio Antabamba. The deposit is exposed in the
eroded core of a NW-SE trending anticlinal structure. Three fault directions are recognised, with the
mostimportantbeingaNW-SEstrikingregionalregionalsetwhichcontrolsthemineralisation.

Theporphyrystockisthemainhosttomineralisation,whichisaccompaniedbyazonaldistributionof
alteration, comprising an early central potassic assemblage of secondary biotite and Kfeldspar,
overprinted and surrounded by peripheral moderate amounts of phyllic quartz-sericitic alteration. It is
primarilyacopperdeposit,characterisedbychalcopyritewithlesserbornite,accompaniedbysignificant
amounts of both gold and molybdenum. The hypogene mineralisation is mainly contained within
disseminations and B-type veinlets, characterised by semicontinous centre-lines filled by millimeter- to
centimeter-sized grains of chalcopyrite and molybdenite. Mineralisation also occurs within the
surroundingquartzites,mainlyasveinlets.

In addition to the hypogene mineralisation, the deposit is overlain by a leached cap, characterised by
goethite,limoniteandneotocite,accompaniedbyantlerite-brochantitechrysocollaandmalachite.Thisis
underlain by an irregular, stratigraphically and structurally controlled immature supergene enrichment
blanket developed in quartz-sericitic alteration, containing chalcocite, covellite, digenite and a lesser
cuprite.

The primary sulfides present are chalcopyrite, bornite, molybdenite and pyrite; is associated with chalcopyrite and molybdenite bornite
occursinveinletsandrelatedchalcopyrite.

Publishedreservefigures(SouthernCopperCorporationpresentation,2013;afterMINTEC,2012)were:
Mill oreata0.3%Cucut-off
Provedreserve-222.963Mt@0.633%Cu,0.046%Mo;
Probablereserve-321.885Mt@0.567%Cu,0.036%Mo;
TOTALreserve-544.848Mt@0.594%Cu,0.040%Mo,0.04g/tAu;
Leach oreata0.1%Cucut-off
Provedreserve-82.109Mt@0.39%Cu;
Probablereserve-99.087Mt@0.33%Cu;
TOTALreserve-181.196Mt@0.357%Cu.

A2011reportbyINGEMMETPerulistedaprobablereserveof200Mt@1%Cu,0.08%Moand0.12g/tAu.Developmentofaplanned
80000to100000tpacopperoperationbySouthernCopperCorporationwasunderrevisionfrom2014.

This summary is gleaned from a number of sources, including "Acosta, J., Rodriguez, I., Villarreal, E. and Huanacuni, D., 2011 - Memoria
sobre la geologa econmica de la regin Apurimac; Proyecto GE 33, Instituto Geologico Minero y Metalurgico, Lima, Peru, 44p." and
"Perello, et al., 2003". A copy of the key source "Corrales, E., 2001, Proyecto Los Chancas: II International Congress of Prospectors and
Explorers, ProExplo 2001, Lima, Per, April 24-27, 2001, Instituto de Ingenieros de Minas del Per, 9 p. (CD-ROM)" is not readily available
and has not been consulted.

The most recent source geological information used to prepare this summary was dated: 2003.
This description is a summary from published sources, the chief of which are listed below.
Copyright Porter GeoConsultancy Pty Ltd. Unauthorised copying, reproduction, storage or dissemination prohibited.

References&AdditionalInformation
References to this deposit in the PGC Literature Collection:
Perello, J., Carlotto, V., Zarate, A., Ramos, P., Posso, H., Neyra, C., Caballero, A., Fuster, N. and Muhr, R.,2003 - Porphyry-Style
Alteration and Mineralization of the Middle Eocene to Early Oligocene Andahuaylas-Yauri Belt, Cuzco Region, Peru: in Econ. Geol.