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Polar Star Chile

Polar Star Mining (POS-V, POSRF-O) has picked up 17 properties in mining-friendly Chile, ranging from the nearly-producing Chepica copper-gold mine south of Santiago to the grassroots Montezuma property in the Atacama desert of northern Chile, which holds nearly 40% of the world's copper reserves.

Montezuma lies within the central sub-zone of the main Chilean porphyry belt and covers about 20 km of strike of the west fissure fault system and the related sub-parallel and northwest-southeast cutting ancillary faults.

About 35 km to the north is the world's biggest man-made hole, the Chuquicamata copper mine, which is a part of the same fault system. The way the deposit sits makes it appear that half the deposit is missing. If the fault has been displaced, the other half of the deposit should be to the south, but it could have moved east or west too, or it could have eroded off. Geologists have been debating it for decades.

Polar Star isn't necessarily after the next Chuqui, but the company does believe that Chile is highly prospective.

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