Vancouver-based Magma Energy has an exploitation permit enabling development of a 50-megawatt (MW) geothermal operation on the 4,000-hectare Laguna de Maule property in Chile.
Maule adjoins the 100,000-hectare Pellado property. Maule and Pellado encompass the Mariposa Geothermal Reservoir upon which Magma previously reported a 320MW Inferred Resource.
Mariposa slim hole drilling in 2009 resulted in discovery well MP-01.
Magma recently completed MP-02 to a depth of nearly 900 metres and encountered temperatures and zones of permeability indicating a high-quality geothermal resource.
MP-02
