Emerging Gold Producer with Massive Exploration Upside
Other Projects
La Manchuria
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50 km southeast of the Cap Oeste deposit
·
5,594 ha
•
Santa Cruz
province
•
95%
.
ownership
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La Josefina
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52,800 ha
Santa Cruz
province
•
81% owned
under JV with
Fomicruz
La Valencia
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•
•
.
.
29,600 ha
•
Santa Cruz
•
province
JV between
the Company
and Fomicruz
Sarita
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7,890 ha
•
Santa Cruz
province
September 2019 NI 43-101 resource estimate (based on 149 drill holes/22,200 m):
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Indicated: 474K tonnes at 2.59 g/t Au and 129 g/t Ag containing 39.5K oz Au and 2.0M oz Ag
Inferred: 1,836K tonnes at 1.30 g/t Au and 40 g/t Ag containing 76.5K oz Au and 2.4M oz Ag
Cyanide leach tests indicate recoveries of up to 93% Au and 85% Ag
Strong potential to expand resource along strike and at depth. There has been no drilling beyond resource areas
September 2010 NI 43-101 resource estimate (based on 240 drill holes/37,499 m):
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M&I: 6,525K tonnes at 0.74 g/t Au and 13.1 g/t Ag containing 156K oz Au and 2.8M oz Ag
Inferred: 452K tonnes at 0.45 g/t Au and 1.2 g/t Ag containing 6.5K oz Au and 18K oz Ag
Four near-surface, low sulphidation, epithermal vein systems (remains open along strike and at depth)
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Noreste: 28 km² area host to 3 zones. Past drilling focused on 1,300 m x 500 m area with avg. depth of 54 m
Veta Norte: 1,500 m long and up to 3 m wide fissure vein system. Largest target is 300 m long, 2-3 m thick and 120 m deep
Central: 8 vein-veinlet systems over 2 km². Veins are up to 3.5 m wide, 220 to 660 m long and drilled to depth of only 40 m
Piedra Labrada: 2.5 x 5.0 km area host to zones that are up to 15 m wide and a few hundred metres long
Located in the Deseado Massif and contiguous to the east of La Josefina
Low-sulphidation, epithermal system containing gold, silver and base metals
Gold and silver contained in quartz veins, stockworks and breccias
42 completed drill holes (~3,000 m) on four targets: Veta Principal; Stockwork La Valenciana; Veta Rosario and
Stockwork La Florentina
Subsequent exploration programs identified additional targets over 5.7 km of strike
• Limited exploration to date, with majority of the property unexplored
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Located in the silver-rich, SW domain of the Deseado Massif, ~10 km NW of the Company's Martha mine and mill
Widespread system (>10 km within a 4 km wide corridor) of banded, low sulphidation Au-Ag veins, encompassing
a small rhyolitic dome complex
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Gold and silver traced in outcropping quartz veins and vein breccias with widths of up to 3 m
100%
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Similar geology and structures as the Martha Project
ownership
High grade gold (up to 83 g/t) and silver (15,444 g/t) from surface sampling
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