Sam Garrett, CEO at Great Southern Copper, the Australian-based Chile-focused copper/gold explorer was interviewed by London South East ahead of the proposed October floatation on the London Stock Exchange Main Market.
Sam tells us that SGC was born out of Pacific Trans Resources, itself a start-up in 2013, which was when the mining industry itself was in the doldrums. “We targeted copper-based metals and gold and scoured the planet looking for suitable projects. Chile is obviously the epicentre of copper mining globally and was our destination of choice in 2016. Between that time and now we have selected two projects and have been working them both up to the point of an IPO.”
The fact that the big miners are in Chile with Tier One mines is only good news said Sam. All the infrastructure, training and expertise is already in Chile, which can only be a good thing. All the Major's mines tend to be located in the high Andean region, whereas GSC have specifically targeted two projects in the coastal range, a belt which extends from Central Chile north into Peru.
Great Southern have two prospective Copper/Gold projects, San Lorenzo and Especularita, in the underexplored coastal belt. “At San Lorenzo we have a large footprint of exploitation and exploration licenses, some granted and some in the process of being granted. There’s an abundance of historical mines there targeting high grade, narrow, naturally controlled zones of mineralisation. There was significant evidence of porphyry copper-style mineralisation so we worked hard to increase our licences there to target these large scale deposits.”
"Especularita appears to be a large composite hydrotheremal system in a mineralised district. What we can see there is the full spectrum of mineralisation styles from porphyry through to epithermal and skarn. Again we’ve focused on improving our footprint in that district as we believe the project is of a very high standard" said Sam.