Deposit with gold, copper, and silver discovered at just 108 meters deep in Argentina; the area is less than 3 km from the largest copper discovery of the last 30 years and is already attracting billion-dollar investment.

Written by Alisson Ficher

Published on 21/05/2026 at 21:18

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The Canadian mining company Mogotes Metals announced the discovery of a continuous strip of copper, gold, and silver starting at 108 meters deep in San Juan, Argentina, on land adjacent to the largest copper find in unexplored areas of the last 30 years.

The appreciation of copper in international markets in recent years directly reflects the anticipation of future demand, with investors and consumer countries seeking to secure long-term contracts with mining companies that already have identified reserves and ongoing projects in proven geological regions.

The announcement by Mogotes Metals follows a pattern observed in other discoveries in the Andean mountain range, where initial shallow drilling confirms continuity with larger known mineral systems, a pattern that historically precedes more significant investment rounds and acceleration of companies’ production schedules.

The Canadian mining company Mogotes Metals identified a continuous strip of valuable minerals starting at 108 meters deep in the Filo Sur project, in the Vicuña district, in San Juan, Argentina, one of the most coveted regions in the global mining sector.

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The Vicuña district and the billions already committed

The giants BHP (Australian) and Lundin Mining (Canadian) formed Vicuña Corp. to explore the region and announced in February 2026 an investment plan of US$ 18 billion, with production expected by 2030.

The resources of the Josemaría and Filo del Sol projects place Vicuña among the ten largest copper deposits on the planet, a position that has increased international attention on the recent findings of Mogotes Metals on adjacent land.

Vicuña Corp.’s projections for the first ten years include 2.5 million tons of copper, in addition to 5.5 million ounces of gold and 214 million ounces of silver — essential metals for clean energy, solar panels, and electronics in general.

Copper has become a central piece of the global energy transition, with electric cars, solar panels, wind turbines, and electric distribution networks depending on increasing volumes of the metal to function on an industrial scale, making its supply a strategic issue for governments and industries.

According to the International Energy Agency, copper demand could double by 2040 with the energy transition, a scenario that makes deposits like Filo Sur even more strategic for governments, industries, and investors seeking guaranteed access to the metal.

Mogotes Metals is currently working with four simultaneous drilling teams at Filo Sur, with new results expected in the areas called Luz del Sol and Meseta, still without published data, keeping the international market’s interest awaiting the company’s next announcements.

CEO Allen Sabet stated that the findings confirm that Filo Sur is part of the same mineral system as the Vicuña district, and that only a fraction of the land has been assessed, indicating that the discovery represents just the beginning of the area’s full potential.

For the mining-specialized market, high mineral concentration, low depth, and proximity to one of the largest global deposits make Filo Sur one of the most promising projects announced in South America in recent years.

South America concentrates the largest reserves of strategic minerals on the planet, and the advancement of projects like Filo Sur in San Juan reinforces the importance of the Andean mountain range as a source of raw materials for the global low-carbon economy.

Large mining projects transcend borders, moving international prices, attracting billions in investments, and generating pressures on infrastructure, labor, and supply chains that impact the mineral sector on a continental scale, including the Brazilian market.

Deposit with gold, copper, and silver discovered at just 108 meters deep in Argentina; the area is less than 3 km from the largest copper discovery of the last 30 years and is already attracting billion-dollar investment.

The Canadian mining company Mogotes Metals announced the discovery of a continuous strip of copper, gold, and silver starting at 108 meters deep in San Juan, Argentina, on land adjacent to the largest copper find in unexplored areas of the last 30 years.

The Vicuña district and the billions already committed

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Deposit with gold, copper, and silver discovered at just 108 meters deep in Argentina; the area is less than 3 km from the largest copper discovery of the last 30 years and is already attracting billion-dollar investment.

The Canadian mining company Mogotes Metals announced the discovery of a continuous strip of copper, gold, and silver starting at 108 meters deep in San Juan, Argentina, on land adjacent to the largest copper find in unexplored areas of the last 30 years.

The Vicuña district and the billions already committed

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While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

With a diameter of 15.08 meters, a length of 182 meters, and weighing 3900 tons, the world’s largest tunnel boring machine for drilling super hard rock made a 9 km tunnel in Georgia and impresses with its excavation power.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.

Argentina has 3 private hydroelectric plants reported for supplying a complex linked to Qatari royalty in Patagonia, using public water in a luxury area with heli-skiing, land under suspicion, and accelerated construction monitored by satellite in the Río Negro mountain range.

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