EL INCA AURIFEROUS PROJECT JULIO - 2017

EL INCA AURIFEROUS PROJECT (Executive Summary)

Key Metrics
Drilling
Resources Estimation
Indicated + Inferred
Indicated + Inferred + Potential
Underground labor works
Metallurgical testing
3858 m 25 drillholes,
2,396,940 ton @ 2,73 g/t (210,134 oz)
29,207,750 ton @ 1,4 g/t (1,318,973 oz)
> 3000 m Many mine shafts, some of them until 200m deep.
Cyanurable Ore Average recovery greater than 90%. Cyanide consumption between 2.6 and 3.8 kg/t.

Locatión
The Inca Auriferous Project is located in Region III of
Chile, 105 km north of Copiapó city, and 104 km SW of
Chañaral port. And 850 km north of Santiago. Closer is
Inca de Oro, a small mining town (4 km to NE). Paved
road and railroad 1 km away. Easy access to water and
energy through nearby high voltage line and proximity to
water wells. Mining friendly district, without relevant
environmental and community problems.

History
The historical data highlight a series of small pits and
underground mine with production of gold of the time of
the Incas. The project includes surface mapping, drilling
and surface and underground samples from different
companies (drilled by: owners, Meridian Gold, Even
Resources), with economic gold mineralization
intersected. Easy access to underground mineral
resources in Diamante and Bienvenida claims, through
mining ramp up to 80 m depth, with tunnel section of 4 x
4 m. Other zones to the SE with axes, that communicate
different levels, one of them to 200 meters of depth.

Geology
The area contains epithermal style alteration (low-
intermedial sulphidation), with mineralization of gold and minor silver and copper. Metallogenetically the project is located
in the coastal belt, very near to new discoveries at Inca de Oro and Carmen Porphyry Copper (PANAUST-CODELCO,
345Mt@0.47% Cu) located 2km NE.

In the El Inca area it is possible to observe volcanics and clastic rocks (middle to upper jurasic); dioritic and granodioritic
porphyries of tertiary age (paleocene) are present as well. Intersecting the volcanic host-rocks, there is a dilatational
structural jog system, which generates a mineralized zone or block, constituted internally by vein system and inter-vein
dissemination and stockwork, with gold grade variable between 0.5 and 2 g/t Au. Many veinlets type crustiform are
observedand. Its mineralization corresponds mainly to gold, less silver, and lesser amount of copper. The copper
increases towards to NE and gold and silver increase to SW. The veins are structures of width between 0.5m and >5 m.

Contact: Chile (IGOR COLLADO) +56 9 9979 1340. (SERGIO ALVARADO) +56 9 77509419 1
 EL INCA AURIFEROUS PROJECT JULIO - 2017

The main veins from south to north are Veta Cuatro Amigos, Veta Unión, Veta Inca and Veta Porteña. The gold grades of
the veins are variable from 1 to >10 g/t Au

N-7.038.700

N-7.038.600
EL INCA PROJECT Underground mining work in vein and dissemination

SECTION- 0
EXE

1700m

1650m

1600m

1550m

1500m

1450m Alteration and

Mineralization
Zone Strong stockwork in surface
0 100 150 200 m

LEGEND
Surface sample

Underground
sample
Drillhole sample

a a) INDICATED RESOURCES
b b) INFERED RESOURCES

Older mining works

Contact: Chile (IGOR COLLADO) +56 9 9979 1340. (SERGIO ALVARADO) +56 9 77509419 2