The Sideral property covers about 1,190 hectares and is located immediately east of Exeter’s Caspiche tenure of 1,260 hectares.

Previous exploration has highlighted anomalous gold-copper surface geochemistry coincident with geophysical (electrical) anomalies comparable to those that define the Caspiche Porphyry.

Additional electrical geophysical work and sampling has already begun on the property to further expand and define these anomalies.

Preliminary drill testing is expected to commence this month, the company said.