CORIORCCO GOLD PROJECT

CORIORCCO GOLD PROJECT

Project Overview

Coriorcco is a 2,000 hectare concession package with 17 known mineralized veins at surface with widths ranging from 1.0 to 2.5 meters within a 700 meter by 800 meter zone of intense hydrothermal alterations related to epithermal mineralization.

Average gold grades increase with depth from assays in over 400 meters of historical underground development, yet to be drill tested.

Infrastructure and location

Coriorcco is located in the Lucanas Province, in Ayacucho, Peru.

The project is accessible by paved road, within 5 kilometres of the main project area.

Infrastructure includes running water and grid power lines within the projects' concessions.

Potential for a large, high-grade LS epithermal system

Geological model and exploration potential

The outcropping quartz vein system is host to drill-ready targets, located within an extensive belt of volcanic hydrothermal systems, which district-wide include a variety of mineralization styles.

Historical sampling and previous development work supports the potential for higher grade mineralization at depth.

Previous historic development exploited over 5,700 tonnes of material averaging 7.45g/t Au from selective underground mining of 0.8 metres to 2.5 metres mineable widths.

Select rock chips from historical underground sampling include:

59.6g/t Au over 1.4m and;

57.2g/t Au over 1.1m true widths on Vein 6 development

34.2g/t Au over 1.0m and;

16.3g/t Au over 1.3m true widths on Vein 3 development

Historical surface channel sample results include:

16.6g/t Au over 2.1m true width

31.0g/t Au over 0.8m true width

7.3g/t Au over 2.2m true width

13.7g/t Au over 1.2m true width