The Megalo project is located in Chile’s IV Region, 250Km north of the capital city of Santiago and some 140km southeast of the city of La Serena and the port of Coquimbo. The closest town is Combarbala, 11 km to the southeast of the project area. The mining property comprises two groups of exploration tenements, duly constituted and in good standing, namely Megalo and Megalo Norte (Fig. 1), covering part of a large porphyry copper system in the case of Megalo (700 ha), and disseminated mineralization of a Cu-Ag Stratabound (“Chilean Manto”} style in the case of Megalo Norte (600 ha). Both project areas are contained within a large alteration zone covering over 50km2.Hc). Ambos proyectos están en el borde de una gran zona de alteración de más de 50 km2.