The Belen Cu-Au porphyry is located 19 km east from the township of Tingo Maria in central
Highlights
Geology: Field teams have been active over last quarter with a 10-person exploration team continuing to build and strengthen the exploration targets at Belen.
Mineralization has been defined over an expanded footprint from 8 km to 10 km strike.
Initial indications of high-grade system developing at Sortilegio with assays up to 16.0% Cu and 4.4 g/t Au from a porphyry boulder grab sample.
Geophysics: After a completing a 4,880 line km aeromagnetic survey across all of its 100% owned mining concessions at Valiente late in 2022, the Company has recently undertaken and completed a 19.4 line km pole-dipole induced polarization ('IP') geophysical survey at the Ricardo Herrera porphyry and Vista Alegre epithermal gold target. Results will be released after all data has been processed and interpreted.
Permitting: Permissions to start the Declaracion de Impacto Ambiental ('DIA') or Environmental Impact Statement at Belen been received from authorities. The DIA is the primary environmental certification required to allow low impact mineral exploration programs, that includes drilling programs, to proceed in
Further results from the IP geophysical surveys, mapping and channel sampling will be released soon.
Geological Discussion
At the Sortilegio porphyry target, detailed geological mapping has now commenced with 70% of the area mapped (5 sq km) . A total of 22 channel samples have been taken for 130.7 m. Assays are pending. In addition, 450 soil samples have been collected demonstrating moderate to strong copper (gold) values over 1,800 m by 900 m. Two zones of interests have emerged: Hornblende felspar porphyry of diorite composition overprinted by phyllic alteration and secondary copper oxides seen within multiple boulders in creeks. Assays are pending.
Board supergene mineralization marked by fine grains of native copper hosted by a lamprophyre intrusive that is broadly coinciding with the soil copper anomaly covering 1,800 m of strike.
The potential for high-grade mineralization at Sortilegio has been highlighted by the discovery of high-grade copper-gold bearing massive goethite boulders with remnants of secondary biotite with one boulder assaying 16.0% Cu and 4.4 g/t Au . In total 147 boulders ranged from
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