Many epithermal gold-silver deposits are known to occur in the Neogene-Quaternary volcanic complex of the central Andean region of southern Peru, northern Chile, western Bolivia, and north- western Argentina, an area of about 300,000 km2 where these volcanic rocks constitute the dominant cover. Some of the gold-silver deposits were mined during Spanish colonial times, as early as the 16th century,- whereas others were not discovered until the 19th and 20th centuries. The extraordinary gold-silver potential of this young volcanic complex, however, was not recognized until the 1970's when the phenomenal increase in gold and silver prices stimulated new exploration._x000D_
New discoveries were made, chiefly in southern Peru and northern Chile, of high-grade ores in old mining districts and large low-grade ore bodies, both in old districts and in new areas having no history of mining activity. Many additional gold and silver deposits remain to be discovered within and beneath the young volcanic complex of this region.