Thanks for the clear rendition of where things landed in this LOI! Adding the recently acquired claims in your map shows the expansion that added value for this potential JV. Back in 2015 you had a really detailed “view” of the information on the LDM when you posted an image detailing available information at the time. (Note the image below is portrayed “upside down” with South at the top):
Your DD adds greatly to this forum and is very appreciated!
Does anyone have an opinion why they only are interested in this portion of the LDM?
Could be the that Freeport took the other 1/2 
and they’re just waiting to announce it. jmo
Nice! However, the Pegaso Nero appears to be in the wrong location. It is not SW of the Gordon it is SE. Eye balling it I believe is part of the claims package that doesn’t have an announced partner. Please double check its location. It is an important point as we really need a whole exploration program/partner just for that target. Thanks! (Note: For example, look at page 7 of this slide show for it’s location : ALTOS DE LIPANGUE PROJECT )
SO why would Freeport (or anyone else) only take the first half?
I think you’re making some faulty assumptions.
Here is the latest Hochschild presentation:
Summary:
They have been reducing debt rapidly now down to around $65M from a high around $250M
They have $140M in cash so plenty to work with
They have an exploration budget in 2018 of about $17M
They are a precious metals producer. They focus on gold and silver and measure their production as such. They are not a copper producer although they probably produce some as a by-product.
Interestingly one of their announced JVs is on a property from Revelo:
Note that Revelo is the company Masglas has optioned some properties from:
e.g. Revelo Sells the Araya Breccia Copper Project and Options the Los Azules Copper Project to MASGLAS Limited
So there’s a little Revelo - Hochschild - Auryn/Masglas triangle thing going on 
Thanks Mike. It looks like the area CHG has pegged is to the West of the actual PN, but would likely include the major claims overlying the suspected underlying large porphyry system. I think this previously posted image shows the location you’re indicating. What would we do without all the DD knowledgeable shareholders are willing to include on the forum?
Note the area to the West where the road descends down the mountain. Claims were added to the West of this area?
Just an FYI - I’m fairly confident in saying the PN is not included in the JV properties.
You were right. I had it over too far. I updated the image.
Overall the PN target appears to be very near the dividing line of the JV. To me that still sort of implies a future JV that would bring in another bigger partner and involve both Auryn and Hochschild.
I see Wiz’s comment. My map is definitely not 100% accurate and it’s possible those old slides and/or the map on their website aren’t either. But it’s not obvious at all that it’s not included. And it’s not like a porphyry target is just a singular point. Just working with what’s out there…
Who do you think was buying today mdmn? It can’t be new investors since the PR said CDCHD. Could it have been insiders?
On the slide on page 7, it would be much further to the East than what you suggest and in the unpartnered area. I lined the weird bottom part of the separate claim boxes to the South to line it up with the PN. However, it appears that another slide has it in a different location so not sure. I recall that the Gordon pipe plunges toward the SE and in the direction of the PN…that is how I remember it at least and that is why I thought your location was wrong.
Different approach. I marked the PN on Google Earth according to those slides and then marked the specific coordinates on the map as best as I could. This looks like this:
The Gordon is too close to call. Not enough precision in the maps. But the PN does seem clearly to the east of the line now.
I think you got it. It also makes much more sense JV wise. Thanks for working on this for us!
So this JV is good for exploration of the western end of the property. But it brings no money in the short term to Auryn Mining Corp (CDCH renamed). AM-Corp continues to hold all the property but has no cash. So the the question remains of how the Caren can be put into production - where’s the money?
Hopefully we’ll hear something about the Caren before this mining season gets underway.
These guys are No joke
http://phx.corporate-ir.net/phoenix.zhtml?c=204920&p=irol-newsArticle_Print&ID=2363694
CHG - MG,
Thanks for your DD and imput here. You both appear to be right! Compare the following historical images/slides to what I also posted regarding the area to the West where the road descends down the mountain. Claims were added to the West of this PN area and do contain the entirety of new proposed JV, IMO, as you both have concluded.
(upload://eICkwjRmMUNRJYQwXRLJ5rKMTXi.jpeg)
DD, “These guys are No joke” 
From the announcement:
We expect to sign the definitive agreement in the coming weeks with work planned to begin on the property in early September 2018. The first step on this project will follow Dr. Sillitoe’s recommendations, which are from his visit to the property mid-March 2017.
“… AURYN will provide logistical support to Hochschild’s work on the project and will receive a net management fee for doing so.” Will this provide a kickstart on Caren and the Larissa Adit? Details of the contract will need to reveal how much of a fee AURYN will receive.
We don’t even know that a “kickstart” is needed since we don’t know the reason it hasn’t been put into production. They could have decided it is not economical or they are waiting on a mining permit or that they got various JV’s offers just prior to starting it themselves and been sorting through the offers ever since.
There are so many entities it is confusing. But remember Auryn Mining Corp (CDCH renamed) owns all the properties but has no money and no shares in Auryn Mining Chile (AMC). Twitter here: https://twitter.com/aurynmining. Homepage here: https://aurynminingcorp.com)
Auryn Mining Chile (“AMC” - Facebook here Redirecting...) is a private Chile corporation. It has no properties (maybe? unsure about how the new claims fit in). They have the majority of the 70M outstanding shares (was 7B). They apparently have access to some money of unknown amounts. But they are under no obligation to fund the Caren startup for all the other shareholders (MDMN shareholders, or original CDCH shareholders)
Auryn Mining Holdings (AMH) is another private company which has provided funding in the past for example for the cash call loans for MDMN and CDCH which have since been cleared via share issuance (or returning of Auryn shares in the case of Medinah).
Somehow these are companies are related to Masglas Limited (private Chile Company, twitter here: https://twitter.com/MasglasLimited, homepage here: http://masglas.com) and Masglas Peru (doing the RTO with Western Troy).
Note that Auryn Mining Corp, on their twitter page just taken over from Auryn Mining Chile, announced the Hochschild signing, and directed their tweet at Masglas Limited, Medinah Minerals.
So, how do these puzzle pieces get shuffled and put together? Still plenty of answers to look forward to on and off the mountain.
Returning to your quote: I interpret that “AURYN will provide logistical support” to mean Auryn Mining Chile not Auryn Mining Corp. AUMC (formerly CDCH) has no people, no money, just lots of property titles. So it doesn’t make sense. Auryn Mining Chile has all those things and a local presence. So it makes sense. But if that’s the case, the “fee” doesn’t seem to address the ‘how to get money to the Caren’ question.
To MG’s point re. ‘we don’t know the reason it hasn’t been put into production’ - I agree. The change from Oct 2017 where production was considered imminent and early 2018 when nothing happened seemed to be an unexplained change in direction. I suspect we will eventually be filled in on that change.
Whatever the reason, I don’t think it had anything to do with input they received on it from Richard Sillitoe which is comforting. Recall that his input was received by Auryn on the matter long before the October 2017 announcement. My best guess is that they did indeed receive several JV’s offers for it and have been exploring them since then.
I should also point out that almost any reputable entity would want to cut a deal with a Public version of Auryn that has fully cleaned up the mess left behind by Les, Juan etc. With recent emergence of a public Auryn, it is no coincidence that we saw a JV announcement. I expect another to follow soon to coincide with the start of the exploration season. Don’t be surprised if Auryn gets their cash from selling some of their shares to a JV partner. There is still a little snow around on the mountain top but warmer weather to move in within a few days with winter weather almost over.
