Polar Star Mining Corporation (TSX-PSR) is a gold/copper exploration & mining company in pursuit of Chile’s next world class copper discovery.
The company operates the 5,000 tonne per month Chépica gold/copper mine south of Santiago providing cash flow for the exploration effort. The operation is currently undergoing a mill/mine expansion program
The Company is actively exploring it’s flagship project, Montezuma. The Montezuma project is located immediately to the south of Codelco’s Chuquicamata and Ministro Hales mines, near the town of Calama, in northern Chile.
The company is examining its exploration portfolio to decide the best course for follow up, joint venture or sale.
In order to maximize value the Company has formed strategic alliances by entered into joint venture agreements over 50% of the exploration portfolio. BHP Billiton is currently evaluating 172,600 hectares in the Domeyko fault belt in northern Chile.