Santa Cruz Gold Projects. August 2018

Transcription

1 Santa Cruz Gold Projects August 2018

2 Technical Team Todd Williams Founder and Principal Prior senior role in large-scale greenfields mineral exploration projects in Australia, Todd founded Circum Pacific in late 2015 with the vision of creating a leaner more agile explorer focused on large-scale greenfields opportunities in frontier terranes in Latin America. He holds a BSc (Hons) from the University of Adelaide South Australia. Colin Brodie Country Manager (Argentina) Colin is an economic geologist with 35 years experience in all aspects of mineral exploration, with a specific focus on porphyry and epithermal copper-gold deposits in Peru, Chile and Argentina. Colin was the former Exploration Manager of IAMGOLD in Argentina and was closely involved in Underworld Resources White Gold discovery in the Yukon Territory, Canada. He holds a BSc (hons) from the University of Otago in New Zealand, and MSc in GIS from Leeds University in England Alastair Morrison Advisor Alastair is a geologist with more than 25 years experience in mineral exploration and development in Australia and Africa. Since 2004 he worked for a private resource orientated investment fund evaluating and investing in mining projects around the world. Alastair is a founding director of OreCorp Limited which is currently developing the Nyanzaga Gold deposit in Tanzania.

3 Santa Cruz: Large Landholding Next to Majors Three projects on mineralised trends with proven endowment Targeting high grade Epithermal gold and silver deposits Within trucking distance of mining infrastructure Pro-mining culture Drill ready targets at Conserrat, Sierra Morena and Corona

4 Gold Equivalent Ounces (million) Company Makers: Rare Combination of Size and Grade Cerro Vanguardia Cerro Negro San Jose Manantial Espejo Santa Cruz Gold Resources Grade in AuEq (gpt)* Cerro Moro Joaquin Don Nicolas Las Calandrias Pinguino Martha Mine Mine / Development Total Depletion P&P M&I Host to world-class deposits and Major gold miners Multiple company maker discoveries Andean Resources acquired by Goldcorp for US$3.4B Extorre acquired by Yamana for C$413M *AuEq is calculated on a silver to gold ratio of 70 to1

5 Conserrat: First Mover Targets in Proven Mining District Conserrat Project Circum Pacific AngloGold Ashanti Cerro Vanguardia Operation 8.9Moz Au, 137Moz Ag Large landholding within trucking distance of AngloGold s Cerro Vanguardia mine Western continuation of the host structure, mine sequence and epithermal vein field Recent acquisition - held privately for ten years with no prior modern exploration or drilling Rock Chip AuEq Mine Pits View of Cerro Vanguardia mining operation from the Conserrat project area Epithermal Veins 10 KM

6 Priority Target: Veta Blanca Gold Silver Vein 500m Labels 0.96 / 200 Au gpt / Ag gpt Rock Chip AuEq Multiple outcropping gold silver veins over several kilometres 0.48 / 8.4 VETA BLANCA 350m outcropping gold silver vein 0.35 / / / / m of veins and ribs 0.58 / 0.1 Economic grades Up to 10 gpt AuEq Walk up Veta Blanca drill target prioritised for shallow RC drilling Potential to extend under shallow cover

7 Veta Blanca Drill Proposal Four fences of shallow RC drilling planned to test outcropping gold silver veins 0.35 gpt Au / 263 gpt Ag 1.99 gpt Au / 409 gpt Ag 1.9 gpt Au / 590 gpt Ag 1.7 gpt Au / 663 gpt Ag Veta Blanca Epithermal Vein More vein outcrop up to 0.48 gpt AuEq?? Planned Hole 1 Rock Chip AuEq? 100m

8 Exploration Potential - Comparison to Known Systems San Jose District HV Norte Kospi Frea Conserrat Veta Blanca 1KM The footprint of Conserrat is comparable to multi-million ounce epithermal fields at Cerro Negro and San Jose Basalt Cover 500M Cerro Negro Eureka Las Marianas HV Central HV Sur Blind Discoveries Blind Discoveries San Marcos Mariana Norte Mariana Central Geophysics planned Windows of prospective geology with subcropping veins Less than 10% of the veins at San Jose outcrop. High potential for multiple parallel veins under thin cover (e.g. Frea Vein) Resources at San Jose and Cerro Negro are both underpinned by significant blind discoveries 1 KM Eureka Vein Vein Resource AuEq ounces Vein Outcropping Blind Rock Chip AuEq Geophysics planned to generate targets under shallow basalt cover

9 Sierra Morena Two Prospects on Major Lineaments Sierra Morena Project 19,676 Ha Vein Breccia Cap Oeste Development Project Pan American Silver SM6

10 SM6 Prospect Widespread Alteration & Veining Acid Sulphate Prospect Rock Chip AuEq Acid Sulphate Cap Confluence of major WNW and NNE lineament Prominent acid sulphate clay blanket typical of upper epithermal environment coincident arsenic in LAG (>40ppm As) Central Vein Prospect Central veins and NNW structures Outline of acid sulphate cap and interpreted NNW feeder structure Multiple rock samples >3gpt Coincident chargeability and clay alteration anomalies NNW structural fabric Southern Vein Prospect Larger alteration footprint and chargeability anomaly Corridor of anomalous rock samples (<0.5 gpt AuEq) Southern veins: large chargeability anomaly, in area of alteration and epithermal veining Vein Float Trains: Central Vein Target

11 Central Vein Prospect Drill Proposal Seven RC fences proposed to test 1000m of poorly tested gold silver veins NSR Historic drilling targeted veins from the wrong side of the host fault NSR. 100m. NSR Only one hole SM was pushed further and intercepts 5.5 gpt Au, 67 gpt Ag from 128m depth. SM Western Vein Eastern Vein... Rock Chip AuEq. 100m SM Host Fault NSR 1 NSR. Planned hole Historic hole.

12 Acid Sulphate Prospect Drill Proposal Many bonanza gold systems are associated with feeder structures of barren acid sulphate caps Las Marianas veins, Cerro Negro Hishikari, Japan At least three drill holes planned to test the feeder structure to the SM6 acid sulphate cap

13 Corona: Similarities to Nearby Cerro Negro? San Jose Trend 3.8 Moz AuEq Cerro Negro Trend 8.1 Moz AuEq Located within the Rio Pintura Fault Zone, host to San Jose and Cerro Negro trends Large area locked up for ten years, no prior drilling Epithermal alteration, veining and sinter deposits exposed at the Corona Norte and Corona Sur prospects Recent ground magnetics and Induced Polarisation (IP) surveys has defined drill targets at Corona Norte Corona Trend? No prior drilling 1200m of drilling planned

14 Corona: Geophysics Confirms Target Beneath Sinter 300M Narrow resistivity target silicified structure or vein (?) IP Resistivity Line Ground Magnetics Low High Corona Norte Sinter Deposit Rock Chip Arsenic Broad chargeability high, alteration halo (?) Corona Norte Sinter Deposit Geophysical signature typical of epithermal vein deposits

15 Santa Cruz Summary Well Positioned Along trend from world-class epithermal gold deposits Mining Friendly Multiple operating mines, pro-mining government, no indigenous groups Drill Ready Targets Over several kilometres of underexplored gold silver veins and geophysical targets Deep Pipeline Large landholding, generative work planned to define more targets at Conserrat and Corona