An early stage, undrilled epithermal gold-silver prospect
Located in southern Ecuador, 45km SW of the regional capital Loja
Mapping and sampling to delineate drill targets is planned for later this year
The concession includes Chalapo (4,242ha) and Chalapo 1 (3,845ha) and is part of the Oligocene-Miocene porphyry/epithermal belt that hosts significant mines with similar geology further south in Peru, such as Lagunas Norte, Pierina and Sipan.
Rock chip sampling by Codelco has identified a zone of anomalous gold with pathfinder elements typical of a high sulphidation gold system. Luminex rock chip sampling during due diligence retuned gold values up to 1.78 g/t (see Figure 2) from a hydrothermal breccia with intense vuggy silica/alunite alteration, indicative of intense hydrothermal acid sulphate leaching.
Leo Hathaway, P.Geo, a "qualified person" within the definition of that term in NI 43-101, has reviewed and approved the scientific and technical information contained on this page.