Emerging Gold Producer with Massive Exploration Upside
Cap-Oeste Project
•
81,000 ha property (95% interest) located in the Department
of Rio Chico in the central portion of Santa Cruz Province
Easily accessible via National Highway 40 and gravel roads
Located in the western margin of the prolific Deseado Massif
within a 6 km long structural corridor
- Cap-Oeste deposit has been delineated over a 2 km strike to a
maximum depth of 450 m
Past-producing open pit, heap leach operation
Since commercial production in Q4 2016 to Q1 2020, the open pit
mine produced ~78K oz AuEq
Open pit mining was suspending in July 2018 and placed on care-
and-maintenance in February 2019
Continuing to extract gold from the leach pad. Over first 6 months of
2021, produced 3,573 oz AuEq at a cash cost of US$642/oz AuEq
On November 23, 2020, received a provisional permit to
proceed with underground mine development, in March
2021 received definitive environmental permit
Initiated pre-feasibility studies on the mining of the high-
grade, COSE-style mineralization below the current pit
Expecting to utilize the Martha plant located ~100 km to the
southeast. Achieved strong recoveries from bulk metallurgical tests
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TSXV:PGDC
Potential underground development of COSE-style
resource of 298K oz AuEq at 19.42 g/t AuEq
NI 43-101 Resource Estimate (December 2018)
Category Domain Tonnes
Contained Metals
Grade
000s g/t Au g/t Ag
Indicated Oxide 1,963 1.06 32.7
COSE 478 12.62 472.4
67
g/t AuEq 000 oz Au 000 oz Ag 000 oz AuEq
1.53
2,063
97
19.42
194
7,257
298
Fresh 8,117 1.70
46.5
2.37
444
12,132
618
Inferred
Oxide
Total 10,558 2.07
528
63.2
2.99
704
21,453
1,013
0.68
23.1
1.01
11
393
17
Fresh 4,367 1.45
36.1
1.97
204
5,074
277
Total 4,895 1.37
34.7
1.87
215
5,467
294
Resource estimate prepared by Cube Consulting Pty Ltd. in a
technical report with an effective date of December 31, 2018.
Resource estimate shown is based on a cut-off grade of 0.5 g/t AuEq
(using a US$1,100/oz gold price and US$16/oz silver price). AuEq
values calculated using a 69.4:1 silver:gold ratio
&
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