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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 four 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
Olympus 2 Drilling in Q1 2024
Trap 3 Drilling underway
X & Tower Targets 4 Drilling in Q2 2024
Plutus 5 Drilling in Q3 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 one mine 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 all directions for expansion. The Apollo porphyry is best characterized as a high-grade and bulk tonnage copper-silver-gold system, 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

Olympus Target

Drilling in Q1 2024
Initial Discovery Announced: March 15, 2022

PLAN VIEW OF THE OLYMPUS TARGET

Olympus Target

Olympus is an important grassroots discovery made by the Company in 2022. The target consists of a late-stage porphyry-related vein system, which overprints a porphyry intrusion. Due to the porosity of the porphyry host rock and the abundance of late-stage porphyry related CBM veins, the target is a bulk tonnage medium grade gold and silver system with minor base metal credits. 

A phase 1 drill program was completed in 2022 with significant results listed below. A phase 2 program was recently initiated, which includes step-out holes up to 500 metres along strike to the southwest of the discovery holes from the phase 1 program.

Highlight results include:

Hole # From (m) To (m) Intercept (m) Au (g/t) Ag (g/t) Cu% Zn % Pb% Mo % AuEq (g/t)*
OLCC-3 61.70 363.60 301.90    0.89 12 0.03 0.03 0.03 0.002 1.11
OLCC-3 486.70 520.90   34.20    0.74 8 0.03 0.04 0.03 0.001 0.90
                     
OLCC-4 73.00 289.70 216.70    0.79 14 0.04 0.02 0.03 0.004 1.08
OLCC-4 480.30 590.40 110.10    0.69 7 0.02 0.03 0.03 0.001 0.82
OLCU-2 172.60 227.85 55.25 1.75 11     0.02 0.003 1.91

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

Plutus Target

Drilling in Q3 2024
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. An airborne VTEM/ZTEM geophysical survey is planned for Q1, 2024 and will be followed by diamond drilling.

Highlight results include:

Hole # From (m) To (m) Length (m) Au g/t Ag g/t Cu % Zn% Pb% Mo % AuEq g/t*
DOC-2 0   104 104.00    1.21 12 0.03 0.04 0.03 0.002 1.42
Incl 16 34 18.00    4.78 10 0.05 0.03 0.01 0.001 4.81
DOC-3 0   163 163.00    1.17 10 0.02 0.03 0.01 0.002 1.32
Incl 155.6 157.1 1.50    83.23 37 0.04 0.06 0.04 0.001 79.73
PNC-1 2.9 25.35 22.45 0.19 1 0.04     0.006 0.32
and 53 138.05 85.05 0.18 1 0.06     0.003 0.31
and  169.75  209.10  39.35  0.11  4 0.09      0.004 0.35
and  254.90  279.30  24.40  0.11  5 0.07      0.006 0.35
and  312.10  343.45  31.35  0.25  6 0.09      0.006 0.53
PNC-2 65.3 100.4 35.1 0.2 2 0.1     0.002 0.41
and 143.2 329 185.8 0.59 13 0.02     0.002 0.81
and 369.35 505.8 136.45 0.97 20 0.04     0.002 1.31
and incl 462.35 505.3 42.95 1.9 28 0.08     0.002 2.39
PNC-5 4.4 309 304.6 0.58 9 0.03     0.003 0.76
incl 96.75 144.65 47.9 1.11 10 0.01     0.001 1.25
and Incl 255 309 54 1.44 16 0.02     0.003 1.69

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

Trap & Victory Targets

MAP OF THE TRAP & VICTORY TARGETS

Trap & Victory Targets

Trap Target

Drilling underway
Initial Discovery Announced: September 27, 2022

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 1.75 kilometres, and it remains open in both directions along strike for further expansion.

Hole # From (m) To (m) Intercept (m) Au (g/t) Ag (g/t) Cu% Zn % Pb% Mo % AuEq (g/t)*
TRC-1      233.80    336.00 102.20 1.26 12 0.09 0.08 0.01 0.003 1.53
Incl      259.10    269.00 9.90    3.00 25 0.25 0.03 0.00 0.007 3.65
       294.50    303.70 9.20    1.82 31 0.07 0.27 0.08 0.003 2.27
VICE-1      212.60    227.30  14.70   1.14 26 0.01 0.07 0.06 0.001 1.44
Incl      213.20    214.80 1.60    2.33 47 0.01 0.01 0.01 0.000 2.87
       219.55    220.70 1.15    1.91 131 0.04 0.45 0.46 0.001 3.66
and      253.50    270.50 17.00  0.69 6 0.01 0.14 0.15 0.001 0.75
VICE-2      214.60    233.50 18.90  1.06 36 0.18 0.18 0.12 0.005 1.83
Incl      214.60    216.60 2.00   3.55 208 0.17 0.17 0.99 0.012 6.51
TRC-2      19.5 665.5 646    0.71 6 0.02 - - 0.001 0.81
incl      19.5 321   301.5   0.84 7 0.04 - - 0.003 1.01
and incl      385.6 477.3  91.7    0.96 4 - - - - 1
TRC-3      86.8 246.55    159.75  0.69 15 0.07 - - 0.004 1.04
Incl      188 235  47       1.68 28 0.12 - - 0.003 2.25
and      359.35 432.05 72.7   0.61 6 0.04 - - 0.003 0.77

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

Victory Target

Advanced surface work progressing

The Victory target is an outcropping copper and gold porphyry system.

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