Our Operations – Guamanga

  • Potential large tonnage IOCG
  • Mineralisation similar to large local deposits
  • Manto Verde 250 Mt IOCG – 15 km north
  • Candelaria 420 Mt IOCG – 100 km south
  • JV with Oz Minerals in 2014/15 intercepted deep low grade copper mineralisation
  • Great location with nearby infrastructure
  • Cobalt & Molybdenum grades are enticing
  • Work to date insufficient but strong potential
  • Evidence of 3 separate mineralisationstyles:
  • Au-Fe-Cu Veins
  • Porphyry Copper
  • Cu-Au-Fe veins and stockworks

Drilling Campaign 1 (Dec-11): 11 diamond drill holes

  • 10m at 1.1% Cu and 0.63g/t gold(Au) from 25m  including 5.0m at 1.7% Cu and 1.07g/t Au
  • 15m at 0.8% Cu and 0.35g/t Au from 17m  including 6.0m at 1.0% Cu and 0.42g/t Au
  • 6m at 1.3% Cu and 0.49g/t Au from 5m
  • 13m at 1.0% Cu and 0.40% Au from 63m

Drilling Campaign 2 (Mar-12): six diamond drill holes

  • 6m at 0.60% Cu and 0.20g/t Au from 146m
  • 3m at 1.3% Cu 0.37g/t gold and 158ppm Co – some drilling high values of Mo (up to 3280 ppm), Co (up to 1440 ppm)
  • Drilling Campaign 2 -OZ Minerals (Jun-14) 5 diamond for 3,495m

Drilling Campaign 2 Oz Minerals (June 14) : five diamond drill holes

  • 14m at 0.52% Cu and 0.19g/t Au from 260m; and 24m at 0.32% Cu and 0.13g/t Au from 308m
  • 6m at 0.43% Cu and 0.22g/t Au from 476m
  • 12m at 0.51% Cu 0.17g/t Au from 668m
  • Prior to the acquisition of Guamanga, a number of drill holes were drilled to test the potential of Cu-Au mineralisation
  • Positive results were identified in three drill holes including the following interceptions:
    •  8.0 m @ 1.55% Cu and 0.53 g/t Au from 36 m
    • 2.0 m @ 2.7% Cu and 0.33 g/t Au from 9 m
    • 6.0 m @ 2.2% Cu and 1.34 g/t Au from 42 m
    • 3.0 m @ 2.9% Cu and 2.58 g/t Au from 34 m
  • High values of Battery Metals observed;
  • Molybdenum – up to 3280 ppm
  • Cobalt – up to 1440 ppm
  • These had high correlation with Cu and Au