A total of 8 previously defined targets within a 2-3km radius of the Cerro del Gallo deposit weretested by 13 drill holes. Of these, a single diamond core hole, SA-359 was drilled at the Wildcat
Cu-Pb-Zn geochemical anomaly (Figure 2). This hole intersected encouraging mineralisation
including 119.3m @ 0.17% Cu, 0.04g/t Au, 30g/t Ag from 570.0m, plus several zones of
anomalous zinc-lead mineralisation, including 25.0m @ 0.31% Zn and 0.10% Pb from 545.0m.
This intersection of copper-silver mineralisation indicates that the Cerro del Gallo deposit
extends northwards for at least a further 150m. Copper-silver mineralisation is open at depth
and along strike.
Of the remaining 12 drill holes, several holes intersected anomalous zinc ± lead mineralisation.
This zinc ± lead mineralisation is interpreted to extend beyond the gold-silver-copper
mineralisation at Cerro del Gallo, however none of the other 9 recently identified geochemical
soil anomalies have yet been drilled.
A high density regional stream sediment BLEG sampling program was completed throughout
the tenement area. A total of 445 samples were collected during this program. In total 12 gold anomalies greater than 4ppb Au, not associated with known historic mine workings, were defined.
Cerro del Gallo Deposit - Resources Contained within Optimized Pit Shell
(Based on Au US$500/oz, Ag US$9.00/oz, Cu US$1.50/lb)
Category Tonnes (M) Au g/t Ag g/t Cu% AuEq g/t AuEq Moz
Measured 54 0.76 14 0.08 1.18 2.0
Indicated 67 0.29 18 0.13 0.90 2.0
Inferred 4 0.22 17 0.12 0.78 0.1
Total 125 0.49 16 0.11 1.02 4.1
2 Moz gold, 64 Moz silver and 302 Mlbs copper