mining group signs production agreement over p, page-17

This is what the dong beaters at Swingplane had to say about PANGA before they defaulted on the option agreement and lost it to....well us...eventually.

"To better clarify the properties on which Swingplane Ventures holds an option to acquire, a more accurate description of the Algarrobo property would be helpful. Historically, the mining area has been known as El Roble Y Algarrobo. The three Main Veins, which have been partially exploited by at least 30 mines, are oriented in a northeast-southwest direction, each over a distance of between one and three kilometers. The northernmost Major Vein can be identified by the historical operations of the PANGA, Argentina and Uruguay mines. The central Major Vein, approximately five kilometers to the southwest, is recognized by the workings of the Estaca, Viuda and Descubridora mines, which are on tenures encompassing roughly 300 acres and held by other leaseholders. The 11 Roble tenures controlled by the option held by Swingplane Ventures almost totally surround this historically mined area and encompass approximately 2,300 acres. A further four kilometers south-southwest is the southernmost Main Vein with the Alicia and Caldera mines, also on tenures held by other leaseholders and encompassing only 250 acres. Swingplane’s option also controls 21 Angela tenures, which contain almost 13,000 acres immediately southwest and on trend"

The nature and history of the high-grade copper veins at Algarrobo are consistent the early history of the exploitation of Chile’s copper resources. Within the Algarrobo project area, which is located at Latitude 27° South, three systems of fractures (also known as three Major Veins) have been discovered and exploited to some extent. The systems are composed of at least eight primary mineralized veins that are over 2.5 meters wide and have surface lengths between 300 and 1,300 meters. The true strike lengths of these primary veins have not yet been determined due to sand cover. In addition, a number of secondary veins (classified as splays, horsetails, en echelon, etc.) have been discovered and presumed to be present across the Mineralized Trend in the Algarrobo area from the PANGA mine in the northeast to the Alicia mine in the southwest.