Westminster Resources is a Latin American focused mining exploration company. Within southern Peru, Westminster is focussing in two styles of deposits; These properties total over 36,000 hectares within the country's prolific coastal copper belt-source of nearly half of Peru's copper production. Prior work has identified both porphyry and IOCG style mineralization. The company also holds a 100% interest in the 18,000-hectare El Cobre property in Sonora State Mexico, prospective for world-class epithermal and copper-gold porphyry systems.
Within southern Peru Westminster is focusing on two styles of deposits.
An IOCG (Iron Oxide Copper Gold) skarn style deposit is the focus at Il Norte. This style IOGC's are typically found within the Peruvian Coastal Cordillera belt. Copper grades found within a IOGC deposit tend to be higher than those found in porphyries and contain significant quantities of ore averaging over 1.% copper while porphyries tend to average closer to 0.5% copper. IOGC's will often commonly also include gold, silver and iron providing additional benefits to the deposits economics.
At the Ilo Este project the company is focused on a porphyry copper deposit. Porphyry's are some of the world's largest economic sources of copper mined today due to their size and bi product credits which may include molybdenum, gold, silver and other metals. Ilo Este located within 100 kms from the west of the Andes Mountains in the southern Peru is host to Peru's largest and most prolific copper producers. Over 600,000 tonnes of copper is produced within 100 km's from Ilo Este. This tonnage is set to increase considerably in the coming years as existing mines expand and new mines are being built. Such a discovery within Ilo Este's concessions would be extremely valuable.