Curipamba Project

The Curipamba project is a volcanogenic massive sulfide (VMS) district, located in central-west Ecuador in the Western Mountain range's Macuchi Group about a 2.5-hour drive from Ecuador's major port city, Guayaquil and approximately 250 Km southwest of Quito, the capital of Ecuador. The Company owns 7 concessions (30,327 hectares) at the Curipamba project; a substantial landholding in a never-drilled prospect in Ecuador.


HIGHLIGHTS

TYPE |
VMS Camp

LOCATION |
Located in the Western Cordillera of Ecuador, 20 km from Pan-American highway and 15km from high tension wires.

SIZE |
100% owned (21,500.00 hectares)

EXPLORATION |
43,140 m drilled in 220 holes, Extensive drilling has defined an intact,upright and only mildly disturbed Kuroko-type VMS deposit


LOCATION


The work completed to date consists of extensive geochemical programs, ground geophysics, drilling at Sesmo Sur and Las Naves Central (El Domo Deposit) and the recently completed Preliminary Economic Assessment:

Phase I 51 holes 10,003 m
Phase II 20 holes 3,241.38 m
Phase III 84 holes 15,699.51 m
Phase IV 51 holes 10,248.75 m

The current main discovery is the El Domo deposit which in 6.080 million tonnes at an average grade of 2.33% Cu, 3.06% Zn, 0.28% Pb, 2.99 g/t Au, and 55.81 g/t Ag, containing 312.95 million pounds Cu, 409.56 million pounds Zn, 37.76 million pounds Pb, 584,457 ounces Au, and 10 .91 million ounces Ag and an inferred mineral resource of an additional 3.882 million tonnes at an average grade of 1.56 % Cu, 2.19% Zn, 0.16 % Pb, 2.03 g/t Au, and 42.92 g/t Ag, containing 133.46 million pounds Cu, 187.39 million pounds Zn, 13.96 million pounds Pb, 253,607 ounces Au and 5.36 million ounces Ag.

The following contains information derived from the technical report dated January 16, 2015 and titled “Curipamba Project - El Domo Deposit - Amended and Restated Preliminary Economic Assessment – Central Ecuador.”

Dr. James Franklin, our technical consultant visited the Project on October 2009, and provided a report with the following conclusions:

  • The Curipamba District has excellent potential for additional discovery, with the region typically containing at least 20MT and possibly as much as 50mt
  • The Curipamba District probably consists of a cluster of deposits that includes at least one giant >30mt deposit
  • Such camps typically contain a minimum of 6 deposits with economic metal content
  • The footwall at Naves Central is a classic felsic flow dome complex, very similar to Kuroko, Tasmania and Noranda.