Projects

The Tambo project is located in southern Peru, 800 kilometres southeast of Lima and lies at the contact of the Southern Peru Porphyry Belt. The project encompasses a large mining district hosting multiple target types and the potential to contain significant mineralization within gold-bearing hot spring epithermal systems at high elevations, silver-lead-gold-copper-zinc rich veins at mid-level elevations and gold within stockworks and breccias at low levels in the system.

More than 200 individual veins have been defined over a 5 by 7 kilometre area. Veins range from 0.2 to 7.0 metres in width and individual veins can be traced for up to 2 kilometres. One of two holes drilled intersected a breccia vein at a depth of 65 metres and returned 1.30 metres at 3.51 g/t Au, 362 g/t Ag, 0.82% Cu, 47.0% Pb and 9.58% Zn. The grade and width of the veins is comparable to that of current productive mines in Peru.

In addition to the veins, two disseminated gold zones have been identified. The highest level zone is associated with silica breccias, laminated silica rock, stibnite and barite and returned values of up to 1.16 g/t Au. A second gold zone located below the vein systems (i.e. at the base of the system) has gold associated with specularite, tourmaline and quartz veins, stockworks and breccias returning values of up to 30.3 g/t Au within quartz-tourmaline-specularite breccias. Drilling is planned for the third quarter.

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