
Growing pipeline of exploration opportunities in Andalucia, Spain’s most prolific mining province:
RECENT MILESTONES
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Several new mineral rights granted at Aguilas and advancing targets to drill ready status
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First drill holes at Escacena reported in October 2019 include significant copper near to surface
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Closed CAD 1.7 million financing in November 2019 oversubscribed
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Drilling recommenced and in-progress at La Romana
ESCACENA PROJECT
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Located in the Iberian Pyrite Belt, the world’s premier volcanic-hosted massive sulphide district
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First Drill Holes Confirm Shallow High Grade Copper and Tin at La Romana
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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
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1.6m at 1.38% Cu eq (1.26% Cu, 4.6 g/t Ag, 0.012 g/t Au) and
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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
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7.8m at 0.60% Cu eq (0.5% Cu, 2.7 g/t Ag)
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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
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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)
* 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
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Large gravity anomaly (1.5 km x 0.5 km)
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Coincident gravity, IP and DHEM
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Hole LRD-02 pierced the upper edge of 300 x 180m conductor
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Untested off-hole DHEM conductor below hole LRD-01
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Follow-up drilling in progress
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3 New drill holes Completed (LRD03, LRD04, LRD05) – awaiting assay results
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Semi-massive to massive and stringer style copper sulphides
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Copper sulphide mineralization to within 12.5m from surface in LRD05
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Deep sulphide zone also has copper
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DHEM shows potential massive sulphide and conductor increasing intensity to the West
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Drill Holes and Geophysics
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Geophysics indicates large size potential
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Near surface, high grade copper mineralization
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Potential for multiple ore horizons
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ÁGUILAS PROJECT
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Approximately 16,300 hectares
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Polymetallic Pb Zn Ag veins/ breccia on the Zumajo Trend
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IOCG style Cu breccia on the Torrubia Trend
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Drill holes with potential ore grade x width Pb-Ag-Zn at San Rafael
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Multiple targets, multi metal, mostly untested
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High grade copper
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Olympic Dam style (“IOCG”) copper
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3km long untested high priority target
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16 km long copper trend
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Lead, Zinc Silver
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>20 km historical mine trend
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San Rafael polymetallic breccia (Pb Zn Ag)
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Simple mineralogy, coarse grain size
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Potential ore grades and width in shallow wide-spaced holes 400-690m apart
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