- Business
- Minsud Resources Corp. (TSX-V: MSR; OTC: MDSQF) is a Canada-based mineral exploration company focused on advancing its flagship Chita Valley Cu-Mo-Au-Ag-Pb-Zn Project in San Juan Province, Argentina; the project encompasses the Chita, Brechas Vacas, and Minas de Pinto mineral concessions plus five adjacent properties covering approximately 19,923 hectares, targeting copper-molybdenum porphyry systems with overlapping polymetallic mineralization including gold, silver, lead, and zinc. Founded in 2003 and headquartered in Toronto, Ontario, the company conducts geological mapping, geophysical surveys, geochemical sampling, petrographic studies, and diamond drilling programs, with over 257 drill holes totaling 112,857 meters completed since 1969, primarily at the Chita South and Chinchillones deposits where recent drilling confirms continuous copper mineralization from surface to depths exceeding 1,200 meters, supergene enrichment zones, and deeper primary sulfide potential. Operations are concentrated in Argentina's Iglesia Department, approximately 35 kilometers from Bella Vista and Villa Iglesia towns, serving the global mining industry through resource delineation for potential development. In April 2024, Minsud completed the sale of a 50.1% interest in its Argentine subsidiary, Minera Sud Argentina S.A., to South32 under a 2019 earn-in agreement, retaining a 49.9% stake and exercising a call right on certain concessions while establishing a shareholders' agreement for joint management and future exploration; the company announced a maiden pit-constrained Mineral Resource Estimate for the Chinchillones Complex in January 2025, finalized Phase IV infill drilling in October 2024, and reported significant assay results including 526.0 meters at 0.33% Cu, 16.11 g/t Ag, and 0.38% Zn in September 2024 and scout drilling extensions in July 2025 identifying regional targets.