COBA SW/Teresa was the original property acquisition for STUVE Gold Corp. that served as the qualifying transaction to move the CPC to a public listed company on the TSXV in November 2020.
The COBA SW claims are plotted along a historically productive vein system that converges with an offshoot.
As exhibited above, in addition to the extensive underground historical mine workings our 1,000m drill program conducted in August of 2021 established exetensions of the vein system both below the historical workings as well as further to the SW and in between the two historical shafts.
Teresa is a top priority target for further development, both at surface and underground, as a means of generating cash flow through extraction and small scale mining.
For a full profile of the COBA SW/Teresa property, please see the executive summary generated by our VP Exploration and QP Terry Walker.
STUVE Gold Corp has engaged a Chilean based mining engineer to generate a preliminary mining plan derived from the historical mining structure and recent drill program results to identify a near-term undergound ore extraction program.
With the creating of an adit at approximately 200m SE of the pre-existing shaft, STUVE plans to directly mine the mineralized vein structure.
Estimates of advancement consist of 50t/day tunelling. At current mineral prices and toll processing available through delivery to the Enami plant facilities, STUVE see the potential for robust returns.
Flyover and surrounding mines
Historical underground workings view