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 access into site, and readily available fresh water
- Minimal drilling on discovery outcrop (2000-2001) within the 5km by 5km cluster of copper porphyries (only 6.6km in 33 holes, less than 200m average drilled depth) currently defines the pit-constrained Warintza Central Inferred Resource estimate of 124 Mt @ 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
- Drill program aims to extend Warintza Central to at least 1,000m depth and grow footprint laterally, as well as, test other targets within the 5km by 5km cluster of copper porphyries identified on the Warintza property showing a similar surface expression based on geochemical sampling and mapping. Property includes a number of untested, multiple-km scale gold targets
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
- Government-Sponsored Prior Consultation process with community stakeholders and signed Impacts & Benefits Agreement in 2020
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.