Canada-based Arena Minerals has signed an agreement to acquire 100% of the La Finca Property in Region III of Chile. 

La Finca is an undrilled Cu-Mo porphyry target, 15km north-east of the village of Inca De Oro and 35km SE of Diego de Almagro. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Arena president and CEO Will Randall said: “La Finca fits our criteria in which we aim to select high-quality copper porphyry properties at low elevations with a relative infrastructure advantage.

“La Finca’s average elevation is approximately 2,000m above sea level, with year-round access, and near several advanced projects dominated by El Salvador mine, operated by state-owned Codelco. 

"Having the option to earn into 100% of La Finca gives Arena the flexibility to add potential partners down the line. Along with the Sierra Gorda project, we are very excited about the prospects of our portfolio.”

"Having the option to earn into 100% of La Finca gives Arena the flexibility to add potential partners down the line."

According to the company, the prospect lies near a pronounced NE trending regional lineament that controls the emplacement of the mineralisation in the area.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The main alteration comprises extensively oxidised and leached quartz monzodiorite, relatively unaltered tourmaline breccias and lesser altered diorite porphyry.

Arena has an option to gain 100% working interest in the La Finca project by infusing cash payments of $50,000 on signing (completed), $50,000 one year after signing, $70,000 two years from the date of signing, $130,000 three years from signing, and $900,000 four years from signing.

The project is subject to 2% NSR to be paid to the vendor. However, Arena can exercise the option of repurchase 50% of the NSR for $3m. 

Arena has issued 200,000 stock options to its consultant.