Picha

Overview

Moquegua department, 5,900 hectares.
Tertiary volcanic and intrusive rocks.
Cu veins and conceptual Cu Manto targets.

Exploration works

• 156 chip/rock samples (or 231 chip/rock samples, ?) and 12 soil and 13 stream samples.
• Exploration potential large epigenetic, polymetallic (Cu(Ag-Pb-Zn) bulk tonnage deposit
• Five zones, located in the northern part of the property were identified; Cumbre Coya, Cobremani,
• Maricate, Fundicon and Huancune zones
• Mineralization; NE structures, quartz-carbonate veinlets (<1 cm wide); tectonic breccia;
• Most zones are reported less than 30 m in width.
• Erratic Mineralization.

Results:

Cumbre Coya Zone (Cu-Ag-As-Pb-Zn)

• North-northwest trending copper-quartz veinlets discovered within an area measuring 100X150 m.
• Assays <1.65%Cu, 880 ppm Ag, 4.6% Pb, 0.62% Zn.
• Cobrenani Zone (Cu-Ag-As)
• Several old adits, open cuts, dumps, quart=copper veinlets (< 1 cm in diameter),
• Mineralization sporadic over a strike length of 100 m.
• Assays </=12.0% Cu, 169 g/t Ag, low Pb-Zn, no gold.

Maricate Zone (Cu-Ag-As)

• Two Cu-Pb-Zn showings, some old Spanish underground workings, galena and chalcopyrite mineralization hosted within andesite volcanic rocks.
• Mineralization consist of quartz-copper veins (<1 cm wide) occupying an N50degree shear zone.
• Assays </=11%Cu, 119g/t Ag, 12% Pb and <1.0% Zn.

Fundicon Zone (Mine)

• Six old adits driven into <0.4 m wide copper vein zone hosted in andesite volcanic flows.
• Uranium hosted within Mesozoic sandstones.

Huancune (Cu-Ag)

• Small open pit exposes a narrow quartz-carbonate vein hosted within unaltered andesite volcanic rocks .
• Return up to 3.8% Cu and 12 g/t Ag.