Investor Presentaiton
B
Section 2 Reporting of Exploration Results
Exploration done by
other parties
Geology
•
Acknowledgment and appraisal of exploration by other parties.
Historical exploration activities for the Toro (1124-528-M-11) tenure have been covered in the Belararox
Limited (ASX:BRX) ASX Release dated 23rd Mar 2023 and titled 'Binding Agreement executed to acquire
TMT Project in Argentina Significant Zinc Mineralisation (266m @ 0.76% Zn) reported in historical drilling.".
Note: the aforementioned ASX Release contains a 'Cautionary Statement' and the 'Exploration Results' are
yet to be reported to the JORC (2012) Code.
The interpretation of the regional geological structures, based on a number of sources and datasets (e.g.
porphyry potential [Ford, et al, (2015) & USGS (2008)], crustal lineaments [Chernicoff, et. al, (2002)],
regional gravity, regional magnetics, regional and local geology [SegemAR (2023) & Servicio Nacional de
Geologia y Minera (2023)] had been utilised to confirm if the interpretation of alteration and/or
mineralisation from the processed ASTER and Sentinel-2 datasets.
Fathom Geophysics (Core & Core, 2023) processed the ASTER and Sentinel-2 data for use in the study.
Deposit type, geological setting and style of mineralisation.
Regional Geology: The TMT project is within or in proximity to a number of the significant regional
metallogenic belts of South America, (1) the Andean Metallogenic Belt, (2) the El Indio Metallogenic (Cu-Au)
Belt, and (3) the Maricunga Metallogenic (Cu-Au) Belt.
Toro (1124-528-M-11) tenure and Specific Geology (from historical reports): The identified rocks include
the Valle del Cura Formation (Eocene), composed mainly by red conglomerates, sandstones, tuffs, andesites
and pyroclastic ignimbrites. Some of these rocks outcrop on the surface, with tuffaceous breccias being
intersected in historical drill holes. The sequence is intruded by subvolcanic bodies pseudo concordant to
stratification, "Intrusivos Miocenos", the source of the hydrothermal alteration-mineralization in the area.
Rhyodacitic dacitic rocks, altered by advanced argillic and phyllic alteration dominate the area.
Silicifcation, argillic, and propylitic alteration are present in the Toro project tenure. Stockworks and at least
one (1) Breccia Pipe have been identified during historical exploration activities at the Toro project.
The 'Exploration Targets' interpreted from the Satellite Imagery: 11 prospective targets are considered to
represent surface expressions of high-sulphidation epithermal and/or porphyry-style mineral systems based
on the interpretation of processed ASTER and Sentinel-2 datasets and comparison to regional Geological
Analogue deposits with comparable surface mineralisation (South to North):
o Toro;
o Toro North;
o Tambo VI;
o Lola;
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