Overview

Overview

1. Nueva Recuperada Silver District

Location: Huancavelica, central Peru

District Size: 15,000 hectares

Main Economic Elements: Silver, Lead, Zinc

Inferred Resource: 14.9 MT at 162.65 g/T Ag, 2.54 % Pb/T and 2.50 % Zn/T, an increase of 104% from the previous Technical Report filed in 2021

Measured and Indicated Mineral Resource: 841,286 T at 118.5 g/T Ag, 2.85 % Pb/T and 2.16 % Zn/T

Mine Method: Underground

Stage: Production, development, exploration

Projects in the district

Tangana: Cashflow positive mining unit.  Underground mine development and resource expansion.
The majority of the established resource, 12 million tonnes across 7 veins, is situated in the Tangana Mining Unit (TMU). The TMU is currently the main source of material for the 720 tonnes per day Nueva Recuperada processing plant that is expanding production (see May 16, 2022 release). The TMU has significant underground infrastructure that facilitates easy development access and cost-effective infill drilling for further resource definition.

Esperanza: Web of high grade veins. Exploration and development of initial veins in 2022.

Maria Luz: High grade silver vein system. Currently in bulk sampling.

Ccasahuasi: Breccia-hosted  disseminated gold target located adjacent to Tangana. Drilling planned for 2022.

2. Coriorcco Gold Project

Location: Ayacucho, central Peru

Size: 2,000 hectares

Main Economic Elements: Gold

Stage: Exploration