ISKA ISKA SILVER-TIN POLYMETALLIC PROJECT, BOLIVIA - Corporate Presentation - Eloro Resources Ltd.
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TSXV ELO | FSE P2Q | OTCQX ELRRF
ISKA ISKA
SILVER-TIN POLYMETALLIC PROJECT, BOLIVIA
Corporate Presentation
November 2021
Forward Looking Statements
Certain information contained herein regarding Eloro Resources Ltd., including management’s assessment of future plans and operations, may
constitute forward-looking statements under applicable securities law and necessarily involve risks, including but not limited to risks associated
with mining exploration, operating costs, production costs, volatility of share prices, currency fluctuations, imprecision of resource and reserve
estimates, environmental risks and ability to access sufficient capital from internal and external sources.
As a consequence, actual results may differ materially from those anticipated in any forward looking statements. Plans, intentions or expectations
disclosed in any forward-looking statements or information should not be read as guarantees of future results or events, and will not necessarily be
accurate indications of whether or when or by which such results or events will be achieved.
Except as required by law,Eloro Resources Ltd., expressly disclaims any intention and undertakes no obligation to update any forward looking
statements or information as conditions change.
Any historical mineral resources mentioned are strictly historical in nature and are non-compliant to National Instrument 43-101 mineral resources
and mineral reserves standards, and should therefore not be relied upon. Aqualified person has not done sufficient work to upgrade or classify the
historical mineral resources as current National Instrument NI 43-101 compliant.
2
About Eloro
Eloro is a publicly traded exploration and Raised over CDN$30 million in
mine development company focused on Q1 2021, through a bought deal
developing its potential world-class financing with Haywood Securities
Iska Iska silver-tin polymetallic property Inc., Cantor Fitzgerald Canada
in the Potosí Department of southern Bolivia. Corporation and Cormark
Securities Inc.
TSX-V ELO | FSE P2Q | OTCQX ELRRF
Eloro has an option to acquire a An aggressive exploration program is
99% interest in the 9 square km, highly in progress at Iska Iska including
prospective Iska Iska Property, which 51,000 metres of diamond drilling.
hosts a major silver-tin polymetallic Drilling is advancing at a rapid rate with
porphyry-epithermal complex located more than 35,000 metres already
4,000 m above sea level. completed since the program began in
September 2020.
3
Major Discovery at Iska Iska
In January 2021 announced a major
discovery in the Santa Barbara Breccia
Pipe with first drill results including
129.60g Ag eq/t over 257.5m
Three Drill Rigs on site with daily
production up to 250 to 300 m to further
accelerate the planned 51,000m
diamond drilling program
Typical mineralized breccia Hole DHK-15. Core is HQ size, 6.35cm wide.
Recent results include spectacular
continuous channel sampling results Definition drilling in progress to define a maiden
in the Santa Barbara adit which returned NI 43-101 compliant mineral resource within a
442g Ag eq/t over 166m including target block measuring 1,200m along strike,
1,092g Ag eq/t over 56.2m and drill 500m wide and extending to a depth of up
hole DHK-18 which returned 129.65 Ag to 600m in Santa Barbara Breccia Pipe and its
eq/t over 300.75 metres. surrounding mineralized envelope.
4
Capital Structure
TSX- V: ELO Shares Issued and Outstanding 62.53M
(Nov 18, 2021)
Frankfurt: P2Q (WKN A1JKAT)
OTCQX: ELRRF Warrants ($0.50 to $5.25 on exercise) 7.64M
Options ($0.40 to $4.45 on exercise) 4.34M
Property Option 0.25M
Fully Diluted 74.76M
Share Price (Nov 18, 2021) CDN $4.04
Market Share Capitalization (Nov 18, 2021) CDN $ 253M
Management, Directors, Advisors
and Significant Holders 27M
5
Experienced Team
Management Team Board of Directors Technical Advisors
THOMAS LARSEN B.A. THOMAS LARSEN B.A. QUINTON HENNIGH
Chairman and CEO Chairman and CEO Ph.D.,P.Geo.Geology/Geochemistry
MILES NAGAMATSU C.P.A., C.A. FRANCIS SAUVE Geologic and Technical Advisor to Crescat
Chief Financial Officer Capital, a Strategic Shareholder
ALEXANDER HORVATH P.Eng.
BILL PEARSON Ph.D., P.Geo. HARRY BURGESS P.Eng.
Executive VP Exploration DUSAN BERKA P.Eng. Mining Engineer
GRAHAM SPEIRS P.Eng.
JORGE ESTEPA B.A. RICHARD STONE C.I.M. Technical Advisor
V.P., Secretary-Treasurer
CHRIS HOLDEN CFA
V.P., Corporate Development
Corporate Advisory Independent Technical
JIMENA MORAN B.A. Board Advisor Micon Int’l Ltd.
Executive Assistant
CHARLIE MURAHWI M.Sc., P.Geo.
OSVALDO ARCE Ph.D., P.Geo. DOUG BACHE B. Math
Senior Economic Geologist
General Manager, Minera Tupiza S.R.L. Corporate Advisor
LUC PIGEON P.Geo. TOM LADNER J.D.
General Manager, Compañía Minera Securities Lawyer
Eloro Peru S.A.C.
ANA MORAN Attorney at Law
Manager Environmental & Social
Governance – Bolivia
6
About Bolivia
Modern mining laws and a supportive
political environment
• Mining minister Ramiro Villavicencio has a
technical history in mining having worked for
Sumitomo
• 0% VAT on mining/industrial equipment
• Recent Administrative Mining Contracts
granted under new government
• National Lithium Company (Gabino Gonzales
– General Manager) has openly expressed an
objective to reactivate and industrialize lithium
• Mining accounted for approximately 36% of
Bolivia’s exports or US$2.6 billion in 2019;
mining was 20% in 2020 due to Covid-19
Source: www.freeworldmaps.net
7
Major Opportunity in Bolivia
Rich history of mining and prospectivity is
excellent. Limited exploration in the
early 2000’s has now provided the
opportunity to find Tier 1 assets
Economic Commission for Latin America
and the Caribbean (ECLAC) forecasting
+5%YoY growth for the country, the
second highest in South America
Iska Iska property owner
Edwin Villegas recently elected as VP,
Director of Tupiza Mining Chamber,
Department of Potosí
View of Iska Iska looking west, Santa Barbara breccia pipe with drilling platform on lower right.
8
Silver: A Key Decarbonization Metal
CUMULATIVE DEMAND RANGES FOR SILVER – SOLAR PV
Silver is the Element of Change
TECHNOLOGY THROUGH 2050
Highest electrical and thermal conductivity
of all the metals
30% of silver supply is used in electrical applications
• 10% of current silver supply is used in PV
• Worldwide PV Capacity to increase from 145GW in 2020
to 442GW in 2050 (BNEF)
• Roughly 2.8 million ounces needed per 1GW
of solar power
Automotive demand estimated at 61Moz for 2021
and growing to 88Moz by 2025
• ICE 15-28g per vehicle
• EV 25-50g per vehicle
Source: World Bank Group
51% of usage is industrial
Only 18% of silver is investment demand
9
Tin: Technology Driven
Demand TIN CONSUMED IN SEMICONDUCTORS, YoY* GROWTH
• Approximately 350,000 tonnes per annum
• 50% of which is solder used in electronics, historically
+5% YoY growth
• Significant demand increase from semiconductors and
photovoltaics
• Estimated 208GW of PV capacity added per year
(2021-2025) requires 26,000 tonnes tin per year
• 5000 scientific abstracts submitted in 2020 related to new *YoY = Year over Year
Source: Macrobond, Macquarie Strategy, March 2021
technologies for tin e.g., sodium-ion tin vs. lithium-ion batteries
GLOBAL TIN SUPPLY-DEMAND BALANCE (kt*)
Supply
• Artisanal and small-scale is 40% of supply
• Mine production peaked in 2014
• 15 years Reserve Life (USGS 2019)
• China represents 40% of total reserves and building
strategic stockpiles
• US market is 40,000 tonnes per annum with no supply *kt = 1,000 tonnes
Source: ITA, Macquarie Strategy, March 2021
10History of the Iska Iska Mining District
Exploitation of Iska Iska mining district dates back to
Spanish Colonial period, when silver and gold veins Eloro starts first drilling ever done on
were mined on a small scale. property September 13, 2020
Mid 1960’s an intrusion-related tin deposit, 2.5 km 2020 Eloro Resources Ltd. executed Definitive
south of the Iska Iska property with the same name, was Option Agreement to earn a 99% interest in the
mined on 6 to 8 narrow veins grading about 0.4% Sn Iska Iska polymetallic property January 6th.
1990’s this tin property south of Iska Iska was explored Huayra Kasa
by Bolivian company COMSUR, who completed a ISKA ISKA
2,000 metre trenching program.
2012 Villegas family took control of the Iska Iska
property after it lapsed from previous ownership.
Tin mine and
Their prospecting found the old colonial workings trenching in
of Huayra Kasa with polymetallic (gold, silver, zinc, lead) the 1990’s
mineralization.
2016 Villegas family hired Dr. Osvaldo Arce, P.Geo
to evaluate property.
11Definitive Option Agreement
Definitive Option Agreement signed
January 6, 2020
Fully permitted for exploration drill
program. Road accessible
No fixed expenditure requirement
No royalties on property
Eloro issued the Title Holder 250,000 common
shares in February 2020, and as per the Definitive
Option Agreement, can elect to issue 250,000
additional common shares by January 6, 2022, and make
option payments totalling US $10 million to the Title
Holder by January 6, 2024, in order to acquire a 99%
interest in Iska Iska. US $3 million has been paid to
date, leaving US $7 million.
Updated Independent National NI 43-101 Technical
Report in progress by Micon International.
12Mineral Deposits: Bolivia, a Prolific Mining Country
Iska Iska is in the SW part of the Eastern Cordillera
which hosts a number of world-class deposits of gold,
silver, iron ore, zinc, tin, lead and lithium
Dr. Osvaldo Arce, P.Geo., President of Bolivian
Geological Society (2010-2017), a highly recognized
Bolivian geologist and key member of the Eloro team,
published a second edition of his comprehensive textbook
on metalliferous ore deposits of Bolivia in November 2020
Cerro Rico de Potosí Comibol
Silver Sand New Pacific Metals
San Bartolome Comibol/Andean Precious metals
Pulacayo Silver Elephant
San Cristobal Sumitomo Corp.
San Vicente Pan American Silver
13Cerro Rico De Potosí
Silver from the mines of Potosí, still a by-word After 500 years of metal extraction, this deposit still
in Spanish for incalculable wealth, supercharged contains a world-class silver and tin reserve
Europe’s economy in the early modern era > 500 million tonnes grading ~ 100 g/t Ag and
0.2% Sn (Bernstein, M., 1989)
Cerro Rico de Potosí is the world’s largest silver
deposit and has been mined since the sixteenth Geologically, Iska Iska has similarities in types
century, producing approximately 2.1 billion ounces of metal contents, timing of mineralization
(2018) and is still producing today and scale of mineralizing system
Cerro Rico de Potosí Iska Iska
Source: National Instrument 43-101
14Porvenir Concession
Bolivia Sur Chichas Province, Potosí
The Iska Iska Porvenir Concession is a road
accessible, royalty-free property, (wholly-owned
by the Title Holder)
Located 48 km north of Tupiza city, in the
Sud Chichas Province of the Department of Potosí
Covers an area of 900 Ha. (9 km2)
Close to high voltage power
15View of Main Area of Iska Iska
View of the Topography of
the Iska Iska Main Area
Looking North
Underground workings at
Huayra Kasa provided
excellent access for initial
underground drilling.
Current drilling is being done
with two surface rigs and
one high-capacity
underground drill
View of Iska Iska looking north
16Property Geology and Mineralization
Iska Iska is a major silver-tin polymetallic
porphyry-epithermal complex associated with a
Miocene possibly collapsed/resurgent caldera,
emplaced on Ordovician age rocks with major
breccia pipes, dacitic domes and hydrothermal
breccias
Caldera is 1.6km by 1.8km in dimension with a
vertical extent of at least 1km
First pass drilling has been completed over an
area of 1.4km by 2.0km to test major target
areas. Many results are pending.
Mineralization age is similar to Cerro Rico de
Potosí and other major deposits such as San
Vicente, Chorolque, Tasna and Tatasi located in
the same geological trend
17Ground Magnetic Survey
181.5 linekm of magnetic data collected on 50m spaced
north-south lines on all accessible parts of the property
Magnetic data confirms the extent of the Iska Iska Caldera
as determined from geological mapping and satellite
interpretation
Santa Barbara and Central Breccia Pipes are marked by
prominent low anomalies reflecting strong alteration
The Porco (South) Breccia Pipe target which is
approximately 600m in diameter, has a similar signature
to Santa Barbara and Central Breccia Pipes.
Recent step out drilling to test the magnetic anomaly
northwest of Santa Barbara Breccia Pipe has confirmed
extensive hydrothermal alteration and mineralization
demonstrating potential for a major extension
Analytical Signal of the Total Magnetic Intensity
18Rapid Pace of Discovery at Iska Iska
January 26
Discovery High Grade 257.5m
@ 129.6g Ag eq/t Santa Barbara
Breccia Pipe
November 24 5,578m
Discovery Santa Barbara
Breccia Pipe
November 18
Discovery Huayra Kasa
Breccia Pipe October 21
2,898m Resource definition in progress on
target block 1,400m along strike
500m wide and up to 600m deep
in Santa Barbara target
32,000+m
September 13
Underground Drilling
64 diamond drill holes totaling 35,000m
Starts
0m completed to November 2, 2021, to test
the Huayra Kasa Mine area, Santa
Barbara Breccia Pipe, Central Breccia
Pipe and Porco Breccia Pipe targets.
19Longitudinal Section – Modelled Magnetic Inversion
20Magnetic Inversion Model Showing Location of Drill Hole
DPC-01
Note how Hole DPC-01
just clips the 3D
inversion model shown
where the drill hole
trace is red.
21Cross Section Looking North of Magnetic Inversion
Model
Location of Drill Hole DPC-01.
The Magnetic High to the
Northwest of the Hole is a
Priority Target for Drill
Testing
22Geological Plan Map Iska Iska
Potential size of Santa Barbara Breccia Pipe
and surrounding mineralized envelope now
expanded by drilling to 1,400m along strike,
500m wide and extending to a depth of up
to 600m
Spectacular continuous channel sampling
results from Santa Barbara adit of 442 g Ag
eq/t over 166m including 1,092 g Ag eq/t
(446 g Ag/t, 9.03% Pb and 1.16% Sn)
over 56.19m
Recent drill results include:
• 129.65 g Ag eq/t over 300.75m
• 155.15 g Ag eq/t incl. high Sn at
0.43% over 73.29m
• 122.66 g Ag eq/t over 123.6m
• 196.09 g Ag eq/t (150.25 g Ag/t,
0.10% Sn and 0.05 g Au/t) over 56.2m
23North South Cross Section Santa Barbara
Widespread polymetallic mineralization
occurs in all major rocks types but is
highest grade in the breccia pipe and dacitic
dome intruded by the pipe.
Mineralized zone has a general north-
northwest trend similar to regional
structures in the area and is open along
strike
Drilling has confirmed magnetic anomaly
northwest of Santa Barbara reflects
extensive hydrothermal alteration and
mineralization
All drill holes on section except those with
assays pending contain multiple reportable
intersections with a number of high grade
intersections > 110 g Ag eq/t
24Major Potential in Central Breccia CROSS SECTION
DCN-01 intersected multiple mineralized
intercepts including 196.09 g Ag eq/t (150.25 g
Ag/t, 0.10% Sn and 0.05 g Au/t) over 56.2m
and containing 342.98 g Ag eq/t (274.0 g Ag/t,
0.16% Sn and 0.16 g Au/t) over 27.53m
DCN-01 from approx. 263 m to 267 m
Core from high grade section grading 342.98 g Ag eq/t
(274.0 g Ag/t, 0.16% Sn and 0.16 g Au/t) over 27.53 m
Northern part of Central Breccia is dominantly
Sn-Ag suggesting a deeper origin for this part of
the breccia pipe
25Potosí-like Metal Contents and Environment
A whole suite of metals including Ag, Sn, Au, Zn,
Pb, Cu, In and Bi are present, exactly the sort of
assemblage one would like to see in a prolific
“Potosí-type” deposit.
Iska Iska is a massive porphyry-epithermal system hosted
mainly in large magmatic-hydrothermal breccia pipes
and Tertiary dacitic domes
Mineralization has been extensively remobilized and
upgraded structurally during post-mineral Andean tectonism Geological team at Iska Iska
Regionally, in terms of metal contents and geological environment There is almost 1km vertically from the valley to
Iska Iska is comparable with neighbouring world-class polymetallic the peak of Iska Iska so considerable room to host
systems including Cerro Rico de Potosí, San Vicente, a sizeable deposit
Chorolque, Tasna and Tatasi
In just under a year of drilling we have confirmed that
Iska Iska has the right metal-assemblage, strong Ag-
But these other major systems do not have the large and
Sn-polymetallic grades, and very large size
remarkable mineralized breccia pipes that are uniquely potential but exploration is still in its early days
preserved at Iska Iska
26Conceptual Deposit Model
Iska Iska, especially
Santa Barbara Breccia
Pipe, is at a comparable
stratigraphic level to
Cerro Rico de Potosí
Central Breccia formed
deeper with mineralization
similar to Chorolque
Huayra Kasa is the
highest-level breccia
pipe at Iska Iska
High grade Au-Bi zone
in Huayra Kasa adit has
similarities to geology
of Tasna deposit
Source: Osvaldo R. Arce 2021, Yacimientos Metaliferos de Bolivia
27Conceptual Deposit Model Iska Iska
PORPHYRY-EPITHERMAL COMPLEX
28Large Land Position
Nine additional properties (known as mining
areas under Bolivian law), covering a total
of 311.75 km, acquired in October 2020 in
Iska Iska area
Properties are located on property Aster
anomalies with a similar hydrothermal
alteration signature to that of Iska Iska
Targets on these properties include:
• Polymetallic Ag, Pb, Zn
• Polymetallic Ag, Au, Pb, Zn
• Sn, W, Base metals
Preliminary evaluations of these properties will
be carried out in 2022
29Environmental and Social Governance
A historical mining region that Eloro Resources Committed to a strong ESG program
is committed to supporting
Environmental study and community
• Supplies to the community during COVID-19
consultations currently underway
• Sponsorship of school and sports
Committed to Bolivian and local work force
No artisanal miners on the property with the
closest community being Tupiza 48 km away
30Committed to Bolivian and Local Work Force
Full time on-site team is 100% Bolivian
Actively training recent graduate geologists
and technical staff through our intern program
Staff has expanded considerably since start of
program in September 2020. Currently there are
14 geologists with 20 support staff working at
Iska Iska on a rotational basis
Currently completing an upgrade of computer
systems and enhanced training to handle
expanded drill program
Preliminary metallurgical tests being carried
out in laboratory at Oruro University
Local workers primarily from Tupiza
and surrounding communities
Training of recent graduate geologists
31Environmental and Social Governance Goals
Establish policies on social
collaboration: health, sports,
education, environment, and
recreational activities.
Promote activities for the
community’s social and
cultural welfare.
Facilitate practices that
contribute to the community’s
progress and improve their
quality of life.
Pastry Certificates given to the 34 women of the Strengthen and promote
Almona community who participated in the highly healthy recreational activities
successful pastry workshop. for children
31Next Steps
Aggressive Exploration Program including 51,000m Diamond Drilling in Progress!
Drilling now focused on outlining an Target zone at Santa Barbara Preliminary metallurgical
inaugural NI 43-101 compliant is 1,400m along strike, 500m tests and petrographic
mineral resource in the Santa wide and extending to a depth studies are in progress
Barbara Breccia Pipe and surrounding
of up to 600m
mineralized envelope. Expected in
Q1 2022
Exploration still at an early stage
Eloro Resources well financed but rate of discovery very rapid
with 2 bought deals totalling since start of drilling in
CDN $30 million in Q1 2021 September 2020. All drill holes
released to date have multiple
reportable intersections.
Three Drill Rigs on site with Area targeted for maiden
daily production up to 250 to Additional breccia pipe targets resource is still just a
300 m to further accelerate outlined in major silver-tin subset of the much larger
the planned 51,000m diamond polymetallic porphyry- Iska Iska system.
drilling program epithermal complex will be tested
Stay Tuned!
33Conclusion
Eloro has the option to earn a 99% interest in
the Iska Iska property located in Bolivia’s
prolific South Mineral Belt which includes world-
class deposits such as: Cerro Rico de Potosí,
San Vicente, Chorolque and Tatasi
Bolivia is now actively seeking foreign
investment to develop its mining sector which
is very underdeveloped
Iska Iska is a major silver-tin polymetallic Drilling now focussed on outlining an inaugural
porphyry-epithermal complex associated with NI 43-101 compliant mineral resource in the
a Miocene possibly collapsed/resurgent caldera Santa Barbara Breccia and surrounding
Mineralization age is similar to Cerro Rico mineralized envelope. Expected in Q1 2022
de Potosí and other polymetallic systems in Exploration is still at a very early stage, but the
Bolivia such as Chorolque, Tasna and Choroma, rapid discovery rate shows that the mineralizing
located in the same geological trend
system is very extensive with potential for
multiple large silver-tin polymetallic deposits
34APPENDIX
35Recent News
• 160.22 g Ag eq/t (36.53 g Ag/t, 1.63% Zn, 1.20% Pb and 0.10% Sn) over 194.14m from 168.85m to 362.99m in hole
DHK-21, drilled from the west end of the Huayra Kasa underground workings at -70 degrees on section with discovery hole
DHK-15, which intersected 129.60 g Ag eq/t over 257.5m (see press release dated January 26, 2021, and Figure 2). This
intersection in Hole DHK-21 includes higher grade portions of:
o 250.50 g Ag eq/t (51.31 g Ag/t, 3.35% Zn, 1.78% Pb and 0.10% Sn) over 18.24m from 238.21 to 256.45m;
o 257.40 g Ag eq/t (75.83 g Ag/t, 2.29% Zn, 2.40% Pb and 0.12% Sn) over 16.33m from 283.57 to 299.90m; and
o 350.91 g Ag eq/t (112.57 g Ag/t, 1.41% Zn, 3.08% Pb and 0.33% Sn) over 30.06m from 308.90 to 338.96m.
o 64% of this 512.9m long hole contains reportable intersections
• 94.68 g Ag eq/t (3.87 g Ag/t, 0.067 g Au/t, 1.63% Zn, 0.43% Pb and 0.05% Sn) over 169.93m from 124.66m to 294.59m
in hole DHK-22, drilled to the south-southwest at -60 degrees from the west end of the Huayra Kasa underground workings
to test the eastern side of the SBBP. This intersection included a higher-grade zone that graded 158.64 g Ag eq/t (9.35g
Ag/t, 0.016 g Au/t, 3.43% Zn, 0.71% Pb and 0.03%Sn) over 29.84m from 135.20m to 165.04m. 49% of this 600m long
hole contained reportable intersections.
36SILVER EQUIVALENT INTERCEPTS 2021
37Mineral Resources of Main Mines Operating/
Exploring in Bolivia
Mineral
Regional
Mine / Deposit Main Geology Resource /
Company Geostructural Stage
Project Type Commodities and Mineralization Reserves and
Unit Grades
Epithermal 4 km diameter caldera filled with volcaniclastic rocks and intruded by
a Miocene porphyritic sills and volcanic domes of dacitic to andesitic 259 Mt; 62 g/t Ag;
Sumitomo Intermediate
San Cristobal Altiplano Sulphide Ag, Zn, Pb 1.57% Zn; Exploitation
Corp. composition. Silver-lead- zinc mineralization subsequently was
(IS) deposited in both the volcaniclastics and the dacitic intrusions 0.55% Pb
COMIBOL/ Basement Ordovician to Silurian clastic marine rocks and locally
“Bolivian- Cretaceous continental rocks are overlain by a thick sequence of
San Andean Eastern
type” Ag 15 Mt; 76 g/t Ag Exploitation
Bartolome Precious Cordillera middle Miocene volcanic and volcaniclastic rocks. Ore in colluviums
polymetallic are composed of disseminated silver in silicified rhyodacite
Metals Ltd.
Mineralization is hosted in Tertiary continental conglomerates that 9 Mt; 300 g/t Ag;
COMIBOL/Pan “Bolivian- discordantly overlie Ordovician shales and sandstones. 3% Zn;
Eastern Ag, Zn, Pb, 0.4% Pb; Exploitation
San Vicente American Cordillera type” Cu, Sn The argentiferous mineralization shows common bonanza zones, as
Silver polymetallic well as an area of massive tabular mineralization, hosted in silicified 0.3 % Cu;
shear zones that can reach 60 m in width 0.3 % Sn
COMIBOL / The deposit is underlain by Tertiary conglomerates, rhyolitic tuffs,
Prophecy andesitic flows, dacitic and quartz-latitic domes, and rhyolitic and
Pulacayo Altiplano Epithermal IS Ag 50 Mt; 450 g/t Ag Exploration
Development andesitic porphyries that host veins filled with quartz, barite, pyrite,
Corp. Zn- and Pb-bearing sulfides, and Ag sulfosalts
Silver mineralization is hosted by zones of sheeted veinlets, stockwork
“Bolivian- veinlets, crackle veins and breccia zones in brittle fractures in quartz
Eastern Nd;
Silver Sand New Pacific type” Ag Exploration
Cordillera arenites or sandstones of Cretaceous rocks. Mineralized fractures approx. 200 g/t Ag
polymetallic could extend downward for more than 200 metres
Sources for Mineral Resources: Minera San Cristobal (2009); Coeur D’alene (2010); Panamerican Silver (2014); Prophecy Dev. Corp. (2017); New Pacific (2019)
38Summary of Targets, New Properties Iska Iska Area
No. Name Sq. Km Geological Description Target
SE part of the Early Miocene resurgent Kari Kari caldera. It is filled with welded ignimbrites and ash flows from 8-5 Ma. Comprises a
1 Puna 22 Complex fault system of N-S, NNE-SSW and E-W directions that are filled with Sn, W and base metal mineralization. Main Sn, W, Base Metals
alteration products are silicification and highly altered Fe minerals.
Subvolcanic dacites and andesites hosting Ag, Pb and Zn mineralization. Basement is the Silurian Llallagua Formation sandstone.
2 Khuchu 17 The neighboring area is composed of wide and long veins hosting enriched mineralized pockets. Main hydrothermal alterations Polymetallic Ag, Pb, Zn
Ingenio are sericitization and argillization.
The claim area is composed of mainly siliciclastic sediments of Silurian age that comprises diamictites, shales, slates, sandstones
3 Tomave 125 and quartzites. They are likely to host both high temperature tin, and late stage Ag, Zn and Pb mineralization. Hydrothermal Polymetallic Ag, Zn, Pb
alterations are silicification, sericitization, argillization and propylitization.
Atocha Tertiary volcanics extruding Silurian sediments, mineralization occurs in both rocks and are composed of veins, stockworks and
4 23.75 Polymetallic Zn, Pb, Ag, Au
Florida veinlets hosting Zn-Pb-Ag. Main alteration products are sericitization and advanced argillization.
Polymetallic (Ag, Pb, Zn) mineralization associated with a collapsed caldera, which consists of pyroclastic rocks, flows, volcanic
5 Atocha 38 Polymetallic Ag, Pb, Zn, Au
domes, and dacitic to andesitic dikes. Hydrothermal alterations are sericitization and advanced argillization.
Includes a remarkable circular feature that outlines a structural basin in Ordovician sedimentary rocks, covering an area of about
16 km2 (4 x 4 km) and a neighboring southern extension of about 9 km long by 5 km wide, in which several hydrothermal alteration
6 Tup 3 18.5 types are present on the processed satellite imagery. Hydrothermal alteration consists of carbonatic, argillic and sericitic alterations Sn, Base metals
along with minor illite, Fe oxide, chlorite and kaolinite.
Rocks are mostly sedimentary, although some volcanics also probably occur in the vicinity. The main geological feature
7 Tup 4 5.5 corresponds to a N-S regional fault located in the center of the property that appears to control mineralization in the zone. Polymetallic Ag, Pb, Zn, Au
Intense alteration zones composed of abundant sericite, argillic and kaolinite and minor illite, chlorite, Fe oxide and carbonates.
Ordovician sandstones and shales within an eastern extension of an intrusion. Main alteration products are jarositization,
8 Tup 5 10.25 Sn, Base Metals
argillization and sericitization.
Possible collapsed volcano with resurgent eroded dacite domes and lava flows that are hosting a probably polymetallic
9 Pajchi 42.75 mineralization composed of a high temperature tin mineralization overlapped by Ag-Zn-Pb mineralization. Hydrothermal Polymetallic Ag-Zn-Pb, Au
alteration types are argillization, strong oxidation, and sericitization.
See Slide 25 for locations
Au=gold, Ag=silver, Zn=zinc, Pb=lead, Sn=tin, W=tungsten
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