The Minas Maria Norte property is located in Southern Peru in the historic Huachocolpa Mining District. The Minas Maria Norte property covers an area of 368 hectares and covers numerous previously exploited Au-Ag-Zn-Pb veins. Five gold-bearing polymetallic structures were mapped by the Company’s geologists that remain open along strike. The lengths of the structures as currently mapped are 40 to 400 metres with variable widths from 0.15 to four metres and occur in a vein corridor nearly 600 metres wide. Veins bend and occasionally branch, and it is anticipated that favourable extensional sites for mineralization will be found during future work programs.
The main structure, called the Castorindo Zone, has provided the highest-grade gold values from the Company’s properties in the area with five samples ranging in width from 0.18 to 0.70 metres and assaying 13.5 to 40.3 grams per tonne gold (“g/t Au”) with 162.9 to 1,128 grams per tonne silver (“g/t Ag”). High-grade silver (1,848 g/t Ag) was also encountered at the Jess structure on a sample of 0.3 metre width. Other veins not yet mapped include five samples with widths of 0.2 to 0.7 metre. Also present is precious and base metal mineralization with gold values ranging from 0.89 to 1.55 g/t Au, silver ranging from 82.8 to 682 g/t Ag, and up to 4.3 per cent zinc and 9.7 per cent lead.