ATERRA Finalizes Option Agreements for the Totora Copper-Gold Porphyry Properties, Region III, Chile

Core Insights - ATERRA Metals Inc. has executed option agreements for the Totora copper-gold porphyry properties located in Chile, which includes multiple porphyry systems such as the Frontera deposit and two advanced prospects, Totora and Clinton [1][2] Group 1: Project Overview - The Totora Project is situated 60 kilometers south of Vallenar in Chile's Region III and hosts several copper-gold porphyry systems [1] - The project includes the Frontera, Taruca, Clinton properties, and a newly added Sevilla concession, which has evidence of artisanal mining activities [4] Group 2: Financial and Operational Updates - ATERRA recently closed a private placement of $2.78 million, which will support the exploration activities at the Totora Project [2] - The company plans to mobilize a field crew to start exploration activities immediately, focusing on re-logging historical drill core and preparing for geophysical studies [2] Group 3: Historical Results and Resource Estimates - Historical drilling results from the Frontera deposit indicate 16 million indicated tonnes grading 0.66% CuEq and 34 million inferred tonnes grading 0.64% CuEq [6][8] - The Clinton property has historical drilling highlights, including 166 meters grading 0.63% CuEq [12] - The Totora porphyry has been the focus of various drill programs, with approximately 10,140 meters completed, outlining a mineralized system extending to depths of up to 500 meters [15] Group 4: Geological Context - The copper-gold porphyries in the Totora area are associated with quartz diorite and dacitic intrusions linked to the Domeyko Intrusive Complex, with mineralization closely related to regional fault structures [5]