MACHACALA

Machacala Project Highlights
  • Project offers near-term production potential from both tailings and underground

  • This was a previously producing site with over 235,000 metric tons of ore mined:estimated average grades of 6.0g/t Au and 340g/t Ag

  • Contains large un-leached tailings piled on site:

    • Volume Est.: 210,000 Metric Tons
      Grade Est.: 1. 34 g/T Au 56.36g/T Ag (average grade

  • Mining Companies such as Barrick Gold, Rio Alto Mining, and Southern Peak Mining are operating in region

  • Exploration drilling programs conducted from 1996 by Gold Hawk Resources, Meridian Gold, and Buenaventura. Drilling totaled over 8,500 m (27,887 ft) in 45 core and RC drill holes (Meridian Gold, Gold Hawk Resources)

  • Metallurgical studies show: 

    • 87% Au, 50% Ag recoveries in 24 hrs leaching on un-milled tailings
      re-milling (-400 mesh) increasing recoveries to 90% Au, 73% Ag in 24 hrs leaching

  • Mine has multiple low-sulphidation, epithermal Au-Ag veins on property, of which nineteen have been identified and only three have been modestly exploited

 

MINERAL RIGHTS:
966 hectares comprised of 18 contiguous mineral concessions

 

SURFACE RIGHTS:
150 hectares of surface rights where the estimated 210,000 metric tons of tailings are located.

 

WATER RIGHTS:
Water rights to the nearby Carabamba reservoir. Additional source of water supply exists if necessary.