Salares Norte - Project history and ownership
Gold Fields discovered the mineralisation at Salares Norte in March 2011. To date, 511 holes totalling 142,496m have been drilled on the project (115 reverse circulation holes and 396 diamond drill holes).
The project is owned by Minera Gold Fields Salares Norte Ltda (MGFSNL), which holds 1,800ha of exploitation concessions (mining rights), with definitive title granted. MGFSNL also has an option to purchase agreement for an additional 1,200ha property attached to the project. Gold Fields Limited indirectly holds a 100% interest in MGFSNL. Access rights to the property have been granted by the government and applications for water rights have also been approved.