Teague Springs, Arizona
Overview
The Safford District in Arizona is one of the most significant copper districts in the state with multiple world-class porphyry copper deposits and dominated by Freeport McMoRan. The US Geological Survey considers the Safford District as the biggest undeveloped copper district in the world. Continent's Teague Springs property is well positioned in the district, 18km from the producing Dos Pobres mine.
The Teague Springs Property consists of 1,920 acres of claims located west of Dos Pobres in the Safford Mining District. The target is a large tonnage, buried Laramide porphyry copper-molybdenum-silver-gold system associated with a large, untested IP anomaly and a Mo-Cu-Zn biogeochemical anomaly. The target area is covered by shallow pediment gravels based on past gravity surveys, and has never been drilled. IP, magnetics, gravity, and biogeochemical surveys have all proved successful in discovering world class porphyry copper systems at the nearby Morenci and Safford mining districts.