The Santo Domingo Project, owned 70% by Capstone and 30% by Korea Resources Corp. (KORES) is a large-scale copper-iron-gold development project located approximately 800 kilometres north of Santiago in Region III, Chile, and 130 kilometres north-northeast of Copiapó, near the town of Diego de Almagro. Santo Domingo has the potential to be a long lived significant copper and iron ore producer.
The Santo Domingo Project is strategically located near key infrastructure (highway, rail, power lines and sub-station, port, smelter and airport) at low elevation (1,000 metres) in an established mining district with several significant copper and iron mining and smelting operations. The project is 60 kilometres from the Pacific coast, providing seawater to the site and access to deep water port facilities.
A pre-feasibility study, completed in the third quarter of 2011, indicated an average annual production of 144 million pounds of copper, 4.1 million tonnes of iron concentrate and 15 thousand ounces of gold and a planned throughput of 63,000 tonnes per day (tpd), rising to 70,000 tpd within the first 5 years. An expected mine life of 18 years is anticipated, with production estimated to commence in 2017.
|Santo Domingo Project Tour - December 2011|