The Cora project lies 75km NNE of Tucson, within the heart of the southern Arizona copper belt. The project is 100% owned by Aguila, secured by 46 granted BLM lode mining claims covering a total of 3.84 sq km. Many of North America’s largest copper mines and development projects lie within 100km of Cora, including Ray, Miami, Resolution, Florence and Silver Bell.
Original exploration company records held by the Geological Survey of Arizona indicate past drilling at Cora intersected oxide copper mineralization over widths in excess of 100m, beneath shallow alluvial cover, over an area of at least 1km by 1km. Intervals include:
- DH5: 99.7m (327ft) @ 0.28% Cu, below 10.7m of alluvial cover (California Steel Co., 1950s)
- DH4: 39.6m (130ft) @ 0.38% Cu, below 47.2m of alluvial cover (California Steel Co., 1950s)
- DH1: 225.5m (740ft) @ 0.29% Cu, below 42.7m of alluvial cover (California Steel Co., 1950s)
Geological logs from holes drilled by Magma Copper Co. immediately west of Cora, indicate copper mineralization may be associated with highly altered, possible Laramide aged intrusions, consistent with a potential porphyry copper setting and analogous to many large copper deposits in Arizona.
Aguila is now compiling historical data and preparing for geochemical sampling and geophysics prior to drilling. Historical drilling intercepts suggest the project is drill ready.