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Guayabales

Guayabales Project

Since going public in May 2021, aggressive grassroots surface exploration followed by diamond drilling has resulted in the Company making multiple significant mineral discoveries with the most significant being a high-grade porphyry system at the Apollo Target.

Project Snapshot

Guayabales Map

Location
Caldas, Colombia
Primary Metals
Copper, Gold, Silver and Tungsten
Ownership Structure
Option to own 100%
Infrastructure
Abundant labour with hydro power and maintained roads traversing the property
Target Ranking Status
Apollo 1 Drilling underway
Trap 2 Drilling underway
Plutus 3 Drilling underway
Tower & X 4 Drilling H2 2024

The Guayabales Project is located in the prolific "Middle Cauca" mineral belt in Colombia. Situated along the west side of the Panamerican highway, the Company's exploration license is located next to Aris Mining's multi-million ounce Marmato project which is currently in construction. In fact, 10 fully permitted mines are currently operating within three kilometres of Guayabales, including two mines within the project boundaries for which the Company has an option to acquire a 100% interest.

Guayabales Porphyry Cluster

Guayabales Map

Through detailed exploration work, the Company has defined a “porphyry cluster” consisting of a series of porphyry and related targets within an area measuring 4 kilometres x 5 kilometres.

Apollo Target

Drilling Underway (Multiple Rigs)
Initial Discovery Announced: June 22, 2022

PLAN VIEW OF THE APOLLO PORPHYRY SYSTEM

Apollo Target

The Apollo target is anchored by the "Apollo Porphyry" discovery, which is the Company's most important discovery to date. Although the discovery hole into the porphyry system was only announced in June 2022, the system has already been drill-tested over a large area, which remains open in most directions for expansion. The Apollo porphyry is best characterized as a high-grade and bulk tonnage  gold-silver-copper-tungsten, which owes its remarkable mineral endowment to an older phase of copper-silver-gold porphyry mineralization being overprinted by late-stage, precious metal rich carbonate base metal veins systems (low and intermediate sulphidation) within a magmatic hydrothermal intermineral breccia body. The breccia body is surrounded by a halo of copper-silver-gold porphyry hosted mineralization with diminishing grades as distance increases away from the breccia contact.

Highlight results include:

*Please click here to view links to prior press releases for metrics used for equivalent calculations

Trap Target

Drilling Underway
Initial Discovery Announced: January 2024

PLAN VIEW OF THE TRAP TARGET

Trap & Victory Targets

The Trap target is a north-northwest trending structurally controlled corridor with evidence of overprinting porphyry veins and late-stage carbonate base metal (“CBM”) veins. Also, geological mapping and sampling reconnaissance drilling at Trap resulted in a new discovery that intersected highly altered porphyry rocks with multiple sheeted and stockwork veinlets. Recent geological mapping and sampling has materially extended the strike length of the Trap target to 1.4 kilometres, and it remains open in both directions along strike for further expansion.

*Please click here to view links to prior press releases for metrics used for equivalent calculations

Plutus Target

Drilling Underway
Initial Discovery Announced: October 18, 2021

PLAN VIEW OF THE PLUTUS TARGET

Donut Target

The Plutus target is a large porphyry center which was generated in 2023 through grassroot exploration, measuring approximately 1,000 metres by 720 metres in area. The porphyry target is characterized by coincidental copper and molybdenum soil anomalies measuring greater than 300 ppm and 20 ppm respectively overprinting a magnetic susceptibility high. To date, reconnaissance drilling in the northwest portion of the Plutus target has yielded a breccia hosted discovery with results including 136.45 metres @ 1.31 g/t gold equivalent.

*Please click here to view links to prior press releases for metrics used for equivalent calculations

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