Location

Titiribí Mining District, Colombia

  • The Zancudo deposit is located on the western side of the Central Cordillera of the Colombian Andes.
  • The Project is located in the Municipalities of Titiribi, Angelopolis and Armenia, Department of Antioquia, Republic of Colombia. It is approximately 30 km southwest of the city of Medellin, Colombia.
Colombia Map

Geology

Titiribí Mining District

  • The Zancudo deposit is located on the western side of the Central Cordillera of the Colombian Andes
  • The deposit lies within the Romeral terrane, covered by continental sediments comprising gray to green colored conglomerates, sandstones, shales, and coal seams
  • Gold mineralization occurs in two zones at El Zancudo the Upper Zone and the lower zone
  • Mineralization in the upper zone occurs in flat-lying veins and disseminations in conglomerates and sandstones
  • Mineralization in the lower zone is hosted by N-S striking, steeply dipping veins
  • The minerals, in order of abundance, are pyrite, galena, arsenopyrite, sphalerite, silver-sulfosalts, bournonite, boulangerite and jamesonite, native gold and native silver
Zancudo-Map

Mineral Resource Estimate

MINERAL RESOURCE ESTIMATE

The following table(1) summarizes the updated Inferred MRE for the Zancudo Project as at July 31, 2023:

Effective Date

Tonnes

(kt)

Grade

Material Content

Au

(g/t)

Ag

(g/t)

AuEq

(g/t)

Au

(koz)

Ag

(koz)

AuEq

(koz)

 July 31, 2023

4,100

6.53

107

8.1

860

14,090

1,060

(1) Refer to NI 43-101 Technical Report dated October 20, 2023 with an effective date of July 31, 2023 on SEDAR+ and Company website for footnotes associated with the table.

NI 43-101 Technical Report


Zancudo Project - Technical Report, July 31, 2023