New Orperu Resources Inc NOPUF

Barrick Q2

[Chreca1]

Lagunas Norte, Peru
A first principles rebuild of the 3D geological model was
delivered using a new lithostructural framework for the
orebody. It will be leveraged into a new resource estimate
and geo-metallurgical model in the third quarter of 2020.
The updated geological model was based on results from a
significant data compilation program that commenced
during the first quarter of 2020 including all historical
drilling, production sampling (blast holes) and pit mapping
to ensure the foundation of the new model is based on all
available data. This data compilation program resulted in a
fully re-constructed project database, inclusive of all known
project sampling data. A preliminary infill and expansion
drill program has been designed for execution in the third
and fourth quarters of 2020. Due to the higher gold price
environment, MRM is also investigating opportunities for a
potential in-pit leach definition drill campaign.
In the Lagunas District, compilation and analysis of over 20
years of historic mapping has determined that east-west
faults are normal faults and played a key role in controlling
and preserving mineralization. This new insight is
generating new targets close to our operating facilities and
driving prioritization of known targets.
A five-hole drill program testing multiple geological concepts
for mineralization controls on the periphery of the Lagunas
Norte deposit neared completion by the end of the second
quarter of 2020. An updated geology model and mineral
inventory is pending receipt of final assays.
At La Capilla, located 10 kilometers east of Lagunas Norte,
all results were received from the eleven-hole drill program
completed in the prior quarter. An approximate 400 meter
zone of at-or-near surface oxide mineralization has been
delineated along an east-west corridor on the southern
margin of a diatreme, which remains open along strike. A
parallel east-west corridor has been identified on the
northern margin of the diatreme, which remains open for at
least 500 meters.