Dunnedin Ventures (TSXV: DVI) announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project in Mohave County, Arizona, from Bluestone Resources.
Mohave is a 10-square-kilometre property located in the mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran's Bagdad copper porphyry mine.
According to Dunnedin, limited exploration at Mohave to date indicates the potential to discover a sizeable porphyry style copper-molybdenum-silver deposit.
In 2011, Bluestone drilled 11 core holes at Mohave and reported anomalous mineralization over significant intervals in all holes"Historic geological, geochemical and geophysical data shows the project has many hallmarks of a silica-rich calc?EUR?alkalic porphyry system such as Cu-Mo-Ag geochemical anomalies and structural controls that are associated with Laramide intrusions, analogous to those described at Bagdad; and a complex Cu-Mo-Ag emplacement that is related to lithological and structural events with younger Mo-Ag and Pb-Zn-Ag overprints," the Vancouver-based miner said in a media statement.
Dunnedin reports that examples of reported historic values include 0.49% Cu over 59.4 m, 0.2% Cu, 0.011% Mo, and 2.35 g/mt Ag over 65.8 m and 0.3% Cu, 0.01% Mo, and 2.54 g/mt Ag over 70.7 m.
"The work to date strongly indicates that there is a large system of porphyry style Cu-Mo-Ag mineralization present at Mohave and we have a number of promising targets which we intend to follow-up on in the fall," Claudia Tornquist, President of Dunnedin, said in the press brief. "At Mohave, we will benefit from the excellent work done by the previous operator Bluestone from whom we inherited a comprehensive suite of high-quality exploration data."