Epitermal

What Epitermal does

Epitermal S.A. is a privately held Argentine mineral exploration company headquartered in San Juan Province that identifies, consolidates, and advances greenfield gold, silver, copper, and zinc exploration projects in the Andean region. The company operates three core service lines — Prospecting, Exploration program management, and high-altitude Logistics/Camp setup — and uses them both internally and on a contract basis for third parties in San Juan. Its proprietary methodology focuses on high-sulphidation epithermal (HSE), carbonate replacement deposit (CRD), Skarn, and Porphyry systems, applying models such as the Peter Megaw CRD framework and maar-diatreme interpretations alongside multi-element geochemistry (Cu up to 1.5%, Mo up to 2,600 ppm, Ag up to 60 ppm) and CSAMT geophysics to generate concealed drill targets.

The company manages four exploration projects covering approximately 73,400 hectares: Gollete (27,200 ha, fully permitted HSE target in the Indio Belt adjacent to Veladero), Santa Bárbara (44,000 ha, CRD/Skarn/Porphyry copper-gold discovery), Flamenco (2,200 ha, Skarn/CRD target 5 km from Gualcamayo), and Cura (intermediate sulphidation zinc system). All projects are 100% owned under valid cateos and remain undrilled despite 50+ years of district recognition, offering full greenfield discovery potential.

Epitermal is pre-revenue. Its business model is to consolidate land packages, advance projects to drill-ready or permitted status, and then monetize through joint venture, farm-in, or sale transactions with major and mid-tier mining companies, supplemented by opportunistic third-party exploration and logistics services. Go-to-market is sales-led and event-driven: direct outreach, a downloadable investor presentation PDF, an active LinkedIn presence, and participation in mining industry conferences. The 5-person technical team has 18+ years of continuous collaboration in San Juan Province, providing the local geological, regulatory, and community-relations expertise that underpins the company's competitive position.

Name

Epitermal

Legal name

Epitermal S.A.

Website

https://epitermal.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Epitermal S.A. is a pre-revenue Argentine mineral exploration company that identifies and advances greenfield gold, copper, and zinc projects across four properties totaling 73,400 hectares in San Juan Province for monetization through joint ventures or sale to major mining companies.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Support Activities for Metal Mining (213114)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

akta.pro secondary industry

Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up) (IMAKALAK)

Keywords

• Mineral exploration services
• Gold copper exploration
• Geological prospecting
• Epithermal gold systems
• Mining exploration projects

Headquarters

HQ city

San Juan

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Joint Venture & Farm-Out Agreements: Pre-revenue exploration stage company generating value through discovery and development of mineral properties for future sale or joint venture with major mining companies. The company consolidates land packages and advances projects to attractJV partners for drilling and development.
2. Exploration Services: Provides prospecting, exploration, and logistics services to third parties in San Juan Province, Argentina. Services include field exploration, camp logistics, and technical consulting for mining exploration programs.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Epitermal S.A. identifies, consolidates, and advances greenfield gold, silver, copper, and zinc exploration projects in San Juan Province, Argentina, while providing prospecting, exploration program management, and high-altitude logistics services to mining companies. The company controls roughly 73,400 hectares across four projects (Gollete, Santa Bárbara, Flamenco, Cura) and seeks joint venture or farm-out partners to fund drilling and development. Its offering combines local geological expertise with consolidated, permitted land positions in a proven mineral belt.

Product overview

Epitermal S.A. is a private mineral exploration company with over 20 years of experience operating in San Juan Province, Argentina. The company operates three core service lines (Prospecting, Exploration, and Logistics) and manages a portfolio of four greenfield mining projects: Gollete (high-sulphidation epithermal gold, 27,200 ha in the Indio Belt), Santa Bárbara (new CRD/Skarn/Pórfido discovery, 44,000 ha), Flamenco (Skarn/CRD target, 2,200 ha near Gualcamayo), and Cura (intermediate sulphidation zinc-gold system, 1.3km extension). All projects are undrilled to date, offering full greenfield discovery potential.

Differentiator

Problem solved

Functional benefit

Products and services

• Gollete Project

Quantifiable outcome

• Gollete Project comparable in scale to Veladero (17 Moz Au) and Salares Norte (6.2 Moz Au) deposits
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Joint Venture Partners (Open to)coreStrategic or Co-development PartnerCompany explicitly states openness to joint ventures to accelerate exploration. Looking for partners to co-fund drilling programs and development of Gollete, Santa Bárbara, and Flamenco projects. JV structures would allow partners to earn interests in projects through exploration expenditures.

Scale indicators5 records

Expansion highlights5 records

Emerging players

• Tocvan Ventures: Small-cap junior exploring epithermal gold-silver projects in Sonora, Mexico. Comparable to Epitermal as a similarly sized precious-metals project generator pursuing epithermal-style mineralization with major-mining partnership optionality.
• Solaris Resources: Explorer-developer advancing the Warintza copper project in Ecuador. Comparable as a copper-gold explorer in Latin America targeting tier-one porphyry systems and engaging majors as potential JV partners.
• Hannan Metals: Junior explorer with copper-gold and sedimentary copper projects in Peru and Ireland. Comparable to Epitermal as a small, project-stage exploration company pursuing CRD/porphyry-style targets and seeking JV capital.

Broad incumbents

• Barrick Gold: Major gold-copper producer that operates the Veladero mine in San Juan adjacent to Epitermal's Indio Belt projects. Comparable as the most logical strategic acquirer/JV partner and the dominant incumbent defining the geological framework Epitermal uses for target generation.

Direct peers

• Patagonia Gold: Junior miner with exploration and production assets in Santa Cruz and other Argentine provinces. Comparable to Epitermal in jurisdiction (Argentina), commodity focus (gold/silver), and project-generator approach targeting major-mining partners.
• Austral Gold: Precious-metals producer and explorer with operating mines and exploration properties in Argentina (including Gualcamayo-area assets). Comparable because it operates in the same San Juan/Chilean corridor with overlapping geological models and serves the same major-mining acquirer set.
• AbraSilver Resource: Argentina-focused silver-gold junior advancing epithermal-style projects in the Deseado Massif. Comparable to Epitermal as a similarly small-cap precious-metals explorer in Argentina pursuing JV-friendly, drill-defined precious-metals assets.
• Filo Corp: Explorer advancing the Filo del Sol copper-gold-silver project straddling Argentina-Chile. Comparable to Epitermal in targeting high-sulphidation/porphyry copper-gold systems in the Andean belt, with a similar JV-friendly posture toward majors.
• NGEx Minerals: Argentina-focused copper-gold explorer with projects in San Juan and neighboring provinces. Comparable to Epitermal in jurisdiction (San Juan), target deposit styles (CRD/porphyry copper-gold), and stage of advancement.
• Mirasol Resources: Junior precious-metals explorer focused on gold and silver projects in Santa Cruz and other provinces of Argentina. Directly comparable to Epitermal as a similarly small, project-generator junior operating in proven Argentine mineral belts with multi-asset exposure and JV-oriented business model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/epitermal

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Epitermal