Wide Open for Growth and Discovery
- 26,777 hectare property in southeastern Ecuador, in the same belt as the Fruta del Norte gold mine and Mirador copper-gold mine, 40km to the south, and adjacent to the San Carlos-Panantza copper deposits (+1Bt combined)
- Area features excellent primary infrastructure, including high tension power lines supplying abundant hydroelectric power, highway access to Pacific ports with road into site under construction, and readily available fresh water
- Only shallow drilling via man-portable rig has been completed to date, totaling less than 7km in 33 holes at Warintza Central, which covers ~700m of a 5km trend of outcropping, high-grade copper mineralization. Property includes a number of untested, multiple-km scale gold targets
- Pit-constrained Inferred resource estimate of 124Mt grading 0.70% CuEq¹ (0.56% Cu, 0.03% Mo, 0.1 g/t Au), with a very low waste to ore strip ratio below 1 to 1. The resource is open laterally and to depth, with holes bottoming in strong mineralization
Extensive System of Outcropping Porphyries
Large-Scale, Undrilled Gold Anomalies
- Three large-scale undrilled gold anomalies from surface sampling in an area with no outcrop
- Pitting at Caya has uncovered a broad gold stockwork zone
- Historical placer mining activity of gold shedding off Caya anomaly into drainages
Responsible Mining – Inclusive Approach
Community Involvement is Key to Warintza Success, Resilience
- Innovative approach: commitment to transparency, education and inclusion
- Government and community understanding of impacts and benefits of project
- Community involvement at each step, enhanced with capacity-building program
The Warintza Success Story
- World class discovery by David Lowell in 2000, sat largely dormant since 2001 due to a breakdown in social acceptance from local communities
- Extensive dialogue led to understanding root causes of conflict, resolution of underlying issues mid-2019; instituted an informed, innovative CSR program
- Memorandum of Understanding and Government-Sponsored Prior Consultation process with community stakeholders
The Warintza Model
- Prior Consultation; formalized relationship based on trust and transparency; full permitting, with no reliance on Administrative Silence
- Extensive employment from local and surrounding communities, boosted by skills training and capacity building programs to foster greater inclusion
- Educational site visits to projects in Ecuador, Peru and Canada to see industry best practices firsthand and benchmark our practices
¹Copper-equivalence calculated as: CuEq (%) = Cu (%) + 3.33 × Mo (%) + 0.73 × Au (g/t), utilizing metal prices of Cu - US$3.00/lb, Mo - US$10.00/lb and Au - US$1,500/oz.