The project consists of claims that cover 7,110 hectares, and the Maria Cecilia exploration target is believed to be at the heart of the porphyry complex that includes the Toropunto Epithermal deposit and the Emmanuel Porphyry deposit. The skarn and porphyry system at Maria Cecilia is considered to have some geological similarities to one of Peru’s largest copper mines, Antamina, located 100 km away.
Approximately US $28 million of exploration expenditures have been made on Toropunto and Emmanuel projects since 2012, including 32,120 metres of drilling between 2013 and 2015 and a compilation of a National Instrument 43-101 (“NI 43-101”) copper resource (Table 1).
Maria Cecilia is located 450 km north of Lima. The project is in a metallogenic environment in the Cordillera Negra mountain that trend NW-SE with similarities to metallogenic environments near other exploration properties and producing mines, such as Antamina 100km to the east (copper producer), Esperanza Project 70km to the southeast (lead-zinc-silver), Pashpap 40km to the northwest (copper resource), El Aguila 70km to the northeast (copper) and Pierina about 47km to the southeast (gold producer).
What We Are Doing
Maria Cecilia is the main target for exploration. There has been no drilling to date. The company is currently developing a drilling program for 2021 and 2022 that will include approximately 8,500 meters of drilling in the Skarn Zone & Stockworks, as well as porphyries 1 and 2 towards the deep magnetic anomaly at Maria Cecilia.