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.
Caldas, Colombia
Copper, Gold, Silver
Option to own 100%
Abundant labour with hydro power and maintained roads traversing the property
| Target | Ranking | Status |
|---|---|---|
| Apollo | 1 | Drilling ongoing with 3 rigs. Assay results to be released regularly going forward |
| Olympus | 2 | Phase 1 drilling complete. Phase 2 underway as of late Q3, 2022 |
| Trap | 3 | Phase 1 results announced September, 2022 |
| Donut | 4 | Phase 1 drilling complete. Phase 2 drilling in 2023 |
| Victory | TBD | Maiden drill program commences in 2023 |
The Guayabales Project is located in the prolific “Middle Cauca” mineral belt in Colombia. Situated along the west side of the Pan-American highway, the Company’s exploration license is located directly contiguous to the Marmato mine, which boasts current P&P reserves of 3.2 million ounces of gold at 3.2 g/t Au and a total resource estimate of 8.8 million ounces of gold. In fact, 10 fully permitted mines are currently operating within three kilometres of Guayabales, including the Marmato mine.
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.
Drilling Underway (Multiple Rigs)
Initial Discovery Announced: June 22, 2022
PLAN VIEW OF THE APOLLO TARGET
The Apollo target is anchored by the "Main Breccia" discovery, which is the Company’s most important discovery to date. Although the discovery hole into the Main Breccia is new (June 2022), the system has been drill-tested over a large area, which remains open in all directions for expansion. The Main Breccia is best characterized as a high-grade and bulk tonnage copper-silver-gold, porphyry-related hydrothermal breccia system with two overprinting styles of mineralization within the breccia matrix. The first style comes from mineralization directly from a porphyry source and is responsible for depositing the bulk of the copper and silver mineralization, with lesser amounts of gold. The second style comes from the overprinting late-stage, porphyry-related carbonate base metal veins (“CBM”), which are responsible for a majority of the gold, some silver and to a lesser extent copper, lead and zinc.
| Hole # | From (m) | To (m) | Intercept (m) | Au (g/t) | Ag (g/t) | Cu% | Zn % | Pb% | Mo % | AuEq (g/t)* | CuEq (%)* |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APC-1 | 291.60 | 379.40 | 87.80 | 0.88 | 61 | 0.39 | 0.07 | 0.05 | 0.001 | 2.49 | 1.21 |
| APC1-W | 293.00 | 382.40 | 89.40 | 0.89 | 58 | 0.39 | 0.07 | 0.06 | 0.001 | 2.46 | 1.25 |
| APC-2 | 154.70 | 361.90 | 207.15 | 1.46 | 45 | 0.31 | 0.08 | 0.05 | 0.002 | 2.68 | 1.37 |
| incl | 192.50 | 209.90 | 17.40 | 6.57 | 44 | 0.08 | 0.29 | 0.23 | 0.003 | 7.33 | |
| 270.60 | 291.60 | 20.95 | 3.67 | 68 | 0.41 | 0.03 | 0.03 | 0.002 | 5.21 | ||
| APC-3 | 303.40 | 484.00 | 180.60 | 1.52 | 39 | 0.16 | 0.13 | 0.11 | 0.001 | 2.43 | |
| APC-4 | 132.30 | 149.80 | 17.50 | 12.79 | 21 | 0.03 | 0.11 | 0.05 | 0.001 | 12.61 | |
| APC-5 | 210.25 | 478.25 | 268.00 | 0.89 | 22 | 0.13 | 0.11 | 0.07 | 0.002 | 1.50 | |
| APC-6 | 364.60 | 690.65 | 326.05 | 0.85 | 10 | 0.04 | 0.04 | 0.02 | 0.001 | 1.07 | |
| incl | 480.15 | 631.65 | 151.50 | 0.96 | 11 | 0.04 | 0.06 | 0.03 | 0.001 | 1.20 | |
| 680.10 | 690.65 | 10.55 | 4.67 | 7 | 0.05 | 0.01 | 0.00 | 0.000 | 4.64 | ||
| APC-7 | 85.65 | 111.20 | 25.55 | 0.4 | 23 | 0.02 | 0.08 | 0.04 | 0.002 | 0.69 | |
| incl | 110.10 | 111.20 | 1.10 | 5.62 | 158 | 0.05 | 1.28 | 0.80 | 0.009 | 7.48 | |
| and | 199.85 | 238.25 | 38.40 | 1.3 | 21 | 0.04 | 0.05 | 0.03 | 0.000 | 1.51 | |
| APC-8 | 202.00 | 467.75 | 265.75 | 1.26 | 55 | 0.22 | 0.07 | 0.05 | 0.045 | 2.44 | 1.24 |
| incl | 202.00 | 215.20 | 13.20 | 3.68 | 27 | 0.03 | 0.32 | 0.24 | 0.238 | 4.29 | |
| 239.05 | 257.50 | 18.45 | 3.48 | 53 | 0.12 | 0.24 | 0.22 | 0.216 | 4.55 | ||
| 279.40 | 307.85 | 28.45 | 3.7 | 24 | 0.16 | 0.03 | 0.02 | 0.016 | 4.18 | ||
| 342.60 | 358.10 | 15.50 | 2.15 | 158 | 0.47 | 0.13 | 0.10 | 0.104 | 5.21 | ||
| APC-9 | No Significant Values | ||||||||||
| APC-10 | No Significant Values | ||||||||||
| APC-11 | 55.00 | 55.60 | 0.60 | 7.73 | 28 | 0.02 | 0.07 | 0.47 | 0.001 | 8.02 | |
| 157.55 | 158.10 | 0.55 | 1.88 | 61 | 0.06 | 0.58 | 0.68 | 0.001 | 3.48 | ||
| 160.00 | 161.20 | 1.20 | 2.89 | 113 | 0.07 | 0.74 | 1.49 | 0.001 | 5.64 | ||
| 173.60 | 174.25 | 0.65 | 5.95 | 18 | 0.02 | 0.14 | 0.17 | 0.002 | 6.13 | ||
| 231.00 | 231.65 | 0.65 | 11.80 | 12 | 0.01 | 0.54 | 0.13 | 0.001 | 11.90 | ||
| 234.70 | 235.45 | 0.75 | 2.42 | 50 | 0.02 | 0.14 | 0.89 | 0.001 | 3.51 | ||
| 237.10 | 238.45 | 1.35 | 4.22 | 11 | 0.02 | 0.08 | 0.08 | 0.001 | 4.30 | ||
| APC-12 | 191.35 | 429.05 | 237.70 | 1.15 | 72 | 0.38 | 0.08 | 0.07 | 0.001 | 2.88 | 1.47 |
| incl | 209.70 | 224.00 | 14.30 | 4.01 | 77 | 0.21 | 0.27 | 0.26 | 0.001 | 5.58 | |
| 339.55 | 361.30 | 21.75 | 3.84 | 210 | 0.68 | 0.37 | 0.45 | 0.001 | 8.27 | ||
| 416.90 | 429.05 | 12.15 | 3.64 | 84 | 0.22 | 0.04 | 0.06 | 0.001 | 5.09 | ||
| APC-13 | 126.40 | 143.20 | 16.80 | 4.24 | 19 | 0.01 | 0.24 | 0.21 | 0.001 | 4.60 | |
| incl | 128.95 | 132.85 | 3.90 | 9.73 | 34 | 0.02 | 0.46 | 0.32 | 0.000 | 10.25 | |
| 141.20 | 143.20 | 2.00 | 15.54 | 65 | 0.02 | 1.03 | 1.10 | 0.001 | 16.99 | ||
| APC-14 | 84.25 | 131.70 | 47.45 | 0.81 | 13 | 0.20 | 0.01 | 0.00 | 0.003 | 1.36 | 0.70 |
| 197.00 | 391.30 | 194.30 | 0.39 | 56 | 0.44 | 0.03 | 0.01 | 0.002 | 2.00 | 1.02 | |
| APC-15 | 54.20 | 110.25 | 56.05 | 0.37 | 5 | 0.01 | 0.01 | 0.00 | - | 0.57 | |
| incl | 180.95 | 181.65 | 0.70 | 13.29 | 9 | - | 0.01 | 0.01 | - | 12.81 | |
| and | 206.95 | 207.50 | 0.55 | 7.87 | 5 | - | 0.01 | 0.00 | - | 7.61 | |
| APC-16 | No Significant Values | ||||||||||
| APC-17 | 118.20 | 190.50 | 72.30 | 1.00 | 28 | 0.63 | 0.02 | - | 0.004 | 2.57 | 1.31 |
| incl | 121.90 | 130.40 | 8.50 | 2.42 | 30 | 0.61 | 0.03 | - | 0.005 | 3.91 | 2.00 |
| and | 365.15 | 912.80 | 547.65 | 0.76 | 14 | 0.04 | 0.06 | 0.04 | 0.001 | 1.03 | |
| incl | 816.00 | 837.50 | 21.50 | 1.53 | 28 | 0.09 | 0.04 | 0.02 | 0.001 | 2.04 | |
| APC-18 | 136.05 | 304.65 | 168.60 | 0.98 | 69 | 0.50 | 0.04 | 0.03 | 0.00 | 2.91 | 1.48 |
| incl | 149.20 | 157.00 | 7.80 | 5.08 | 35 | 0.52 | 0.02 | - | 0.00 | 6.34 | 3.23 |
| 193.20 | 205.10 | 11.90 | 2.18 | 154 | 0.77 | 0.18 | 0.20 | 0.00 | 5.81 | 2.97 | |
| 233.90 | 251.50 | 17.60 | 1.49 | 56 | 0.74 | 0.05 | 0.02 | 0.00 | 3.63 | 1.85 | |
| 291.65 | 297.00 | 5.35 | 3.26 | 10 | 0.11 | 0.01 | - | 0.00 | 3.47 | 1.77 | |
| APC-19 | 199.20 | 497.80 | 298.60 | 0.48 | 34 | 0.31 | 0.04 | 0.02 | 0.00 | 1.54 | 0.79 |
| incl | 199.20 | 323.50 | 124.30 | 0.62 | 64 | 0.63 | 0.05 | 0.02 | 0.00 | 2.72 | 1.39 |
| 491.30 | 497.80 | 6.50 | 2.33 | 26 | 0.04 | 0.08 | 0.06 | 0.00 | 2.69 | ||
| APC-20 | 298.20 | 400.40 | 102.20 | 2.72 | 28 | 0.08 | 0.21 | 0.15 | 0.00 | 3.38 | |
| incl | 324.25 | 357.85 | 33.60 | 6.30 | 45 | 0.08 | 0.42 | 0.33 | 0.00 | 7.30 | |
| 396.60 | 400.40 | 3.80 | 4.16 | 13 | 0.12 | 0.01 | - | 0.001 | 4.39 | ||
| APC-21 | No Significant Values | ||||||||||
| APC-22 | 89.25 | 136.50 | 47.25 | 4.65 | 22 | 0.39 | 0.003 | 5.45 | |||
| 167.00 | 183.80 | 16.80 | 2.59 | 79 | 0.50 | 0.002 | 4.56 | ||||
| and | 308.80 | 734.80 | 426.00 | 1.05 | 23 | 0.08 | 0.001 | 1.51 | |||
| incl | 406.15 | 471.00 | 64.85 | 3.16 | 33 | 0.08 | 0.001 | 3.67 | |||
| 568.10 | 593.90 | 25.80 | 2.23 | 25 | 0.05 | 0.001 | 2.59 | ||||
| 665.85 | 681.40 | 15.55 | 1.59 | 26 | 0.07 | 0.001 | 2.04 | ||||
| APC-23 | 311.35 | 383.05 | 71.70 | 0.86 | 10 | 0.02 | 0.001 | 1.01 | |||
| 359.1 | 376.4 | 17.30 | 1.47 | 14 | 0.004 | 0.001 | 1.69 | ||||
| APC-24 | 101.00 | 151.60 | 50.60 | 1.15 | 10 | 0.02 | 0.001 | 1.28 | |||
| incl | 110.05 | 120.20 | 10.15 | 2.19 | 8 | 0.01 | 0.003 | 2.25 | |||
| 128.75 | 134.75 | 6.00 | 2.04 | 11 | 0.02 | 0.001 | 2.15 | ||||
| and | 316.25 | 317.65 | 1.40 | 4.85 | 26 | 0.08 | 0.001 | 5.15 | |||
Phase 1 Drilling Completed – Phase 2 Drilling Underway
Initial Discovery Announced: March 15, 2022
PLAN VIEW OF THE 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 |
Phase 1 Drilling Completed – Phase 2 Drilling to Resume in 2023
Initial Discovery Announced: October 18, 2021
PLAN VIEW OF THE DONUT TARGET
Donut hosts a hydrothermal breccia with porphyry potential to the east. The Company believes the Donut target could represent a satellite mine within the Guayables project with potential to discover a large porphyry system nearby.
Highlights include:
| Hole # | From (m) | To (m) | Intercept (m) | Au (g/t) | Ag (g/t) | Cu% | Zn % | Pb% | Mo % | AuEq (g/t)* |
|---|---|---|---|---|---|---|---|---|---|---|
| DOC-2 | 0 | 104.00 | 104.00 | 1.21 | 12 | 0.03 | 0.04 | 0.03 | 0.002 | 1.42 |
| Incl | 16.00 | 34.00 | 18.00 | 4.78 | 10 | 0.05 | 0.03 | 0.01 | 0.001 | 4.81 |
| DOC-3 | 0 | 163.00 | 163.00 | 1.17 | 10 | 0.02 | 0.03 | 0.01 | 0.002 | 1.32 |
| Incl | 155.60 | 157.10 | 1.50 | 83.23 | 37 | 0.04 | 0.06 | 0.04 | 0.001 | 79.73 |
| DOC-8 | 18.00 | 125.65 | 107.65 | 0.78 | 21 | 0.02 | 0.04 | 0.01 | 0.001 | 1.13 |
| Incl | 27.90 | 30.40 | 2.50 | 15.62 | 6 | 0.03 | 0.07 | 0.03 | 0.001 | 14.99 |
MAP OF THE TRAP & VICTORY TARGETS
Trap Target
Phase 1 Drilling Completed
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_001 | 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_001 | 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_002 | 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 |
Victory Target
Drilling to Commence in 2023
The Victory target is an outcropping copper and gold porphyry system with a maiden drill program to begin in 2023.