MENDOZA, ARGENTINA — (Marketwire) — 10/24/11 — Rojas & Asociados is pleased to announce that Genesis Minerals Limited, an Australian public company, joined its client portfolio earlier this year and will be conducting exploration programs in San Juan province, one of the favorite exploration destinations in the country and a mining friendly jurisdiction.
Genesis Minerals signed an agreement with Teck Argentina Ltd. (“Teck”), a subsidiary of Teck Resources Limited, to acquire a 100% rights on Poncha and Los Opeñas projects, both located in San Juan. Rojas & Asociados will manage exploration works, including prospecting and drilling programs, in close connection with the management of Genesis.
Genesis– Managing Director Michael Fowler commented, “This is a fantastic opportunity for Genesis to discover a significant epithermal gold deposit. There are a number of drill ready targets at both Projects. These Projects fit very well with our projects in Chile and we look forward to commencing our first drilling program in the coming months with Rojas & Asociados providing great support for this work.”
Argentina is becoming an attractive destination for exploration investments within Latin America. MEG 2010 report indicates exploration investments of over US $300 M, 3% of the exploration investment worldwide. Moreover, Argentine mining awaits the construction of new projects involving investments for over US $32 billion in the next years, as a result of a history of intense exploration works.
Paola Rojas, Business Development Manager of Rojas & Asociados, stated that, “We are delighted to welcome Genesis to Argentina and San Juan, a province that fosters the responsible development of mining. We thank Genesis for their trust and look forward to making our contribution to make these projects a success.”
Argentina enjoys great exploration interest, with over 180 companies currently active. Australian companies amount for 11%, being the second foreign investor after Canada. For this reason, Rojas & Asociados will be exhibiting at , which will be held this week, on October 26-28, in Brisbane, Australia. During 3 days, the event will gather 120 exhibitors, including services suppliers and junior companies, and conferences that will tackle subjects as exploration in Australia, metals, fund management, presentations of junior mining companies, among others.
Rojas & Asociados is an innovative mining consulting firm focused on the Latin American market based in Mendoza, Argentina. Its expertise in mining, marketing and management allows them to provide comprehensive professional services to the mining sector, mainly mining companies from Canada, Australia, and the US. The firm provides strategic on exploration management, generative exploration, negotiation, public relations, and provincial political and social current situation, among other areas of the mining sector. Additionally, Rojas co-organizes the premier event of the Argentinean mining sector, the Argentina Mining International Convention, carried out biennially since 1996.
For further information, please visit:
Carolina Martinez Hansen
Press and Communication
Rojas & Asociados
PBX: +54 (261) 424-3479
Cell phone: +54 261 15 539-2448