CREATING VALUE THROUGH DISCOVERY IN SOUTH AMERICA

Lara Project
Copper-Molybdenum
Porphyry
Available for Option Contract

General Setting
Located 35 km to the NE of Palpa and
approximately 350 km SE of Lima
1,800 ha in three mining concessions
Elevations range from 1,500 m to
2,500 m
Western Peruvian Cretaceous and
Lower Tertiary Cu-Mo porphyry belt
The belt host world class copper
deposits as Toquepala, Cuajone,
Quellaveco and Cerro Verde

Major Porphyry Systems in Peru

Access

400 km from Lima to Palpa on

the Panamerican Highway
(5 hours)
32 km NE on a reasonably
maintained dirt road to
Hornopampa (1 hour)
8 km to the project site on a
Access trail and drill roads

tractor trail (requires upgrading)

Historic Exploration Activities

Mapping and sampling 1995
IP and magnetic survey 1997 and
2011
Several drill campaigns between
1997 and 2012 totalling
approximately 9,859 m in 48 holes
Preliminary metallurgical testwork
on drill core 1998
Drill core examination

Inferred resource estimate 2005

Geology
Lithologies
Coastal Batholith with
granodiorites and tonalites
is host to mineralization
Two acid to intermediate
porphyry centers, Lara y
Chocos
Rhyolite porphyry dykes
Coastal Batholith host rock

Late andesitic and dacitic

dykes

Geology

Lara

Socos

Geology

Lara

Socos

Geology

General view of the Lara target area

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Geology

Alteration
Potassic, phyllic, argillic
and propylitic alteration

Phyllic alteration in Lara zone

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Geology

Alteration
Potassic, phyllic, argillic
and propylitic alteration

Leached intrusive with phyllic alteration

and hematite lined quartz stockwork veining
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Geology

Leached feldspar-porphyry with phyllic alteration and

closely spaced hematite lined sheeted quartz veins
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Geophysics - Chargeability

Lara

Socos

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Mineralization
Leach cap (30 m to 80 m)
Oxide blanket with malachite,
crisocolla, azurite and black copper
oxides (tenorite and neotocite)
(5 m to 20 m)
Supergene enriched blanket with
chalcocite and minor covelite
(10 m to 40 m)
Primary mineralization with
Diamond drilling

chalcopyrite, pyrite and minor

bornite
High pyrite-chalcopyrite ratio
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Mineralization - Geological Section North 8411350

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Mineralization - Leach-Oxide-Enrichment Zone

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Mineralization - Oxides, Enrichment and Hypogene

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Drill Core - Leach Zone

Leached intrusive with

abundant hematite and
quartz veinlets to 10 mm

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Drill Core - Oxide Zone

Malachite and black

copper oxides (tenorite
and neotocite) on
fracture

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Drill Core - Enrichment Zone

Sericite-biotite-K-spar
altered intrusive with
abundant disseminated
chalcocite coated pyrite
and chalcopyrite as well
as black copper oxides
(tenorite and neotocite)
and minor malachite

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Drill Core Primary Mineralization

Sericite altered intrusive

with quartz-pyrite +/chalcopyrite veinlets to 4
mm and 3 % disseminated
pyrite

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Resource Estimate

ef

Nebocat 2005
18.6 Mt @ 0.53 % Cu (0.20 % Cu cut-off)

3-D drillhole modeling

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ef

Exploration Results

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ef

Exploration Potential

Extending the oxide and enrichment blanket in the area between Lara
and Socos as well as in Socos
Confirming large volume primary mineralization within the 2,000 m x
800 m target zone including Lara, Socos and the adjacent IP and
geochemical anomalies

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