"South America is known, especially by geologically savvy investors, as 'elephant country' in terms of its potential for large deposits because of its geological environment."
Argentina has a rich mineral history and is home to some of the largest mineral deposits in all of South America. It hosts a variety of precious metals, base metals, and fertilizer deposits; including the world-class Andean mountain range which contains gold, silver, zinc, copper, oil, manganese, lithium and uranium. Other resources mined in Argentina include potash, nickel, coal and oil & gas. There are 14 producing mines currently, with 4 more under construction and 15 additional projects expected to begin operating shortly after. There are now 30 different countries investing in Argentina's mining sector with Canada, Australia and the US being the most active players. This has caused resource investment to skyrocket since 2002, growing to US $2.57 billion in 2011, with 517,000 people directly working in the mining industry. Argentina's government doesn't want it to stop here and is encouraging mining investment with a mining plan and aggressive targets. By 2029, their goals include having 950,000 employed in mining & resources and a quadruple in investment from current levels. This rapid growth and national mining plan have made Argentina into a land of opportunities for miners, with President Fernandez de Kirchner even labeling this "the decade of mining".
Marifil is capitalizing on this exciting opportunity and favourable mining climate by investing in Argentina. The company holds an extensive land package with over 25 properties located in well known mining districts, close to existing and historic mines. Excellent infrastructure is already in place, with easy accessibility to roads, railways and ports and an existing labour pool. The existing infrastructure, mining climate and vast resource deposits make Argentina the perfect place for Marifil to concentrate its exploration in.