Growing pipeline of exploration opportunities in Andalucia, Spain’s most prolific mining province:

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RECENT MILESTONES

• Several new mineral rights granted at Aguilas and advancing targets to drill ready status

• First drill holes at Escacena reported in October 2019 include significant copper near to surface

• Closed CAD 1.7 million financing in November 2019 oversubscribed

• Drilling recommenced and in-progress at La Romana

 

 

ESCACENA PROJECT

•  Located in the Iberian Pyrite Belt, the world’s premier volcanic-hosted massive sulphide district

• First Drill Holes Confirm Shallow High Grade Copper and Tin at La Romana 

• Massive sulphide and stockwork mineralization

Drill hole LRD-01:

10.1m at 0.72% Cu eq1 (0.64% Cu, 2.2 g/t Ag) from 73.9m, including

• 1.6m at 1.38% Cu eq (1.26% Cu, 4.6 g/t Ag, 0.012 g/t Au) and

• 3m at 1.53% Cu eq (1.38% Cu, 4.5 g/t Ag, 0.05 g/t Au, 114 ppm Co); ​

​48.35m at 0.21% Cu eq (0.14% Cu, 2.2 g/t Ag) from 140m to end of hole, including

• 7.8m at 0.60% Cu eq (0.5% Cu, 2.7 g/t Ag)

• hole ends in 0.24% Cu, 0.10% Sn, 1.4 g/t Ag​​

Drill hole LRD-02: 

20.55m at 1.5% Cu eq* from 37m (1.02% Cu, 0.11% Sn, 4.7 g/t Ag), including

• 7m at 3.43% Cu eq (2.50% Cu, 0.23% Sn, 10.1 g/t Ag, 0.014 g/t Au, 0.11% Zn, 133ppm Co)

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* Equivalent calculation uses Cu US$ 5700/t, Pb US$ 2100/t, Zn US$ 2320/t, Ag USD 17/oz, Au US$1480/oz, Co US$ 36000/t and Sn US$ 17000/t. No recoveries applied.

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• Strong geophysics size and continuity​

  • Large gravity anomaly (1.5 km x 0.5 km)

  • Coincident  gravity, IP and DHEM

  • Hole LRD-02 pierced the upper edge of 300 x 180m conductor

  • Untested off-hole DHEM conductor below hole LRD-01​

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• Follow-up drilling in progress

  • 3 New drill holes Completed (LRD03, LRD04, LRD05) – awaiting assay results

  • Semi-massive to massive and stringer style copper sulphides

  • Copper sulphide mineralization to within 12.5m from surface in LRD05

  • Deep sulphide zone also has copper

  • DHEM shows potential massive sulphide and conductor increasing intensity to the West

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• Drill Holes and Geophysics

  • Geophysics indicates large size potential

  • Near surface, high grade copper mineralization

  • Potential for multiple ore horizons

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ÁGUILAS PROJECT

• Approximately 16,300 hectares

• Polymetallic Pb Zn Ag veins/ breccia on the Zumajo Trend

• IOCG style Cu breccia on the Torrubia Trend

• Drill holes with potential ore grade x width Pb-Ag-Zn at San Rafael

• Multiple targets, multi metal, mostly untested

• High grade copper 

  • Olympic Dam style (“IOCG”) copper

  • 3km long untested high priority target

  • 16 km long copper trend

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• Lead, Zinc Silver

  • >20 km historical mine trend

  • San Rafael polymetallic breccia (Pb Zn Ag)

  • Simple mineralogy, coarse grain size

  • Potential ore grades and width in shallow wide-spaced  holes 400-690m apart

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