The ores are hosted in the
Estratos del Reloj Formation deposited in the
Cretaceous period. At Panulcillo Estratos del Reloj Formation crop out as a 600 m-high mountain and
dips east 40° to 70°. This formation is
intruded by slightly younger
calc-alkaline plutons, among which the most common rock types are
granodiorite,
monzonite and compositions in-between (see
QAPF diagram). Smaller igneous bodies have compositions that range from syenite to gabbro. At Panulcillo,
aplite intrusions in
limestone have decimeter-wide
contacts of marble as result of recrystallization of limestone. The orebody is bounded to the west by
Panulcillo Fault, a displaced southern continuation of
Romeral Fault. West of this lies the
Estratos de Tamaya Formation. There are two main orebodies of copper in Panulcillo each with a lensoid shape and dipping to the east, more-or-less similar to the stratigraphy of Estratos del Reloj Formation. Locally these are called
mantos (lit. sheets). The upper manto has its mineralization in the form of numerous
veins that host
chalcopyrite,
pyrite,
pyrrhotite. To some lesser extent is also
sphalerite and
galena in these veins. The lower
manto is found 250 to 300 m below the surface and contains primary chalcopyrite and
bornite as copper minerals, and there is also smaller amounts of pyrite and pyrrhotite. In the lower manto bornite is concentrated in the inner parts of the lensoid while pyrite is proportionally more abundant in the outer zone. The
gangue minerals associated to the sulphides of Panulcillo are mainly calcic
amphibole,
calcite,
chlorite,
magnetite,
feldspar,
quartz and
biotite, but these last three are less common. Because of its depth, the lower
manto was only discovered by chance in 1994 by drillings of
ENAMI. The deposits host an estimated 2.75 to 3.5% of copper per ton.
Gold minerals are scarce in Panulcillo, yet the deposits are thought to host 1 to grams of gold per ton. The ores of the copper mine are thought to have formed in association to magmas that cooled into rock in the
Cretaceous, this same magmatic pulse is otherwise linked elsewhere to the formation of iron and
phosphorus deposits of the
Chilean Iron Belt. Both the copper and the iron-phosphorus deposits have been posited to be end-members of the same system of the
iron oxide copper gold ore deposits. In addition, the Panulcillo ores have also characteristics of a
skarn as the magmas intruded limestone. == References ==