ALTA VICTORIA
Central PeruHistoric Production
Under-Explored
Description
WORLD CLASS MINING JURISDICTION
- PREMIER SILVER-POLYMETALLIC DISTRICT
- Over 1.5B oz silver production
- MAJOR MINES & DEPOSITS
- Morococha (Pan American Silver)
- > 200 Moz AgEq. > 100yrs continuous production
- Julcani (Buenaventura)
- >128M oz @ Ag @ 16 opt
- Toromocho (Chinalco)
- 1.5B Mt @ 0.48% Cu porphyry
- Uchucchacua (Buenaventura)
- ~310M oz Ag @ 16 opt
- Morococha (Pan American Silver)
* Information regarding mineral resources, geology, mineralization, and production history on adjacent or similar properties is not necessarily indicative of the mineralization of Alta Victoria.
Perú Ranking in world metal production: Silver 2nd, Copper 2nd, Zinc 3rd, Lead 4th, Tin 4th, Gold 8th
Source: USGS
Download the 43-101 report:
Highly Prospective Setting
STRUCTURE
- Alpamarca Fault – Regional scale overthrust & first order control to major deposits in the belt
STRATIGRAPHY
- Siliciclastic and limestone sediments with intermediate, feldspar porphyritic dikes, sills, stocks
MINERALIZATION
- Ag-Zn-Pb (Au) manto, veins, breccias, stockwork & replacement zones
- Historic production from multiple mines
Styles of Mineralization Exposed At Surface

Santa Teresita Target Concept
- Coincident anomalous soil and rock geochemistry, outcropping alabandite (manganese oxide) and IP chargeability anomaly produced initial drill target
- First phase drilling: Modest Ag and base metal grades hosted in massive alabandite demonstrate fertile mineral system. Mineralisation and alteration analogous to upper portions of the high grade Uchucchacua mine.
- Second phase drilling to target potential high grade ore body in Santa formation limestones, subjacent to 2022 drilling.
- Santa formation limestones are the host rocks for the Santader and Iscaycruz mines.
Uchucchacua (UC) analogue – similar mineralisation and alteration at the top of both systems
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- UC historic production of > 110 Moz high grade Ag*
- Massive alabandite (MnS) – grades into high grade silver ore bodies at UC
- Modest Ag and base metal grades in upper portions at UC
- Fluorescent (hydrothermal) calcite
- Producing veins at UC crop out as modest mineralised structures
- Majority of ore at UC below 4,500m elevation (elevation of 2022 Santa Teresita drilling)
2022 Drill Program
Significant Intercepts in five of six holes
Cross Section Drill holes AV22 – 12, 13, 14 & 15
Cross Section Drill holes AV22-16 & AV22-17
2022 Exploration Summary
POSITIVE DRILL RESULTS AT SANTA TERESTITA
- Significant intercepts reported in 5 of 6 drill holes
- Several lines of evidence point to an Uchucchacua analogue
- Next phase of drilling to target down dip of the confirmed alteration and mineralisation
PACHAS DRILLING
- Mineralisation and alteration limited to narrow intercepts within the drilled stratigraphic levels
- Exploration potential remains within receptive host rocks at depth
2021 Exploration Summary
Expanded & refined drill targets of Pachas & Santa Teresita Areas
PACHAS
- Confirmed prospectivity of down dip extension of Adriana North manto mineralization
- Gravity & magnetics survey enhance/define drill targets below & down dip from Buena Estrella breccia, vein & manto mineralization
- Surface sampling & mapping defines key NE trending structural corridors
SANTA TERESITA
- Detailed mapping & sampling of outcropping Ag-Mn mineralization
- Plan for drill testing 2022
Grass roots reconnaissance discovery of 3 discreet zones of mineralization
MARCA PLATA
- 250m x 150m target area defined as possible Santander analog
NINARUPA
- Discovery of two zones of zinc rich mineralization along Alpamarca Fault
- “Zone 2” with significant scale implications
2021 Reconnaissance, North Block

2021 Marca Plata Discovery
A Santander Analog(?)

2020 Scout Drill Program Results
SANTA TERESITA
- 6 holes – 1,964m drilled
- Tested coincident Au, Ag, Pb and Zn surface rock and soil along structural controls with underlying charge-ability highs
PACHAS AREA
- 1 hole – 336m drilled
- Tested Sanguinetti mine structure
- Anomalous Au, Pb, Zn
Target Model
CARBONATE REPLACEMENT DEPOSIT (CRD)
- Large alteration footprint
- Ore Minerals: Ag, Pb, Zn + Au + Cu
- Geochemistry: Mn, Mo, As, Ba. Bi, Sb
- Form lenses, pipes, breccias, veins and stockwork zones
- Associated with IP chargeability geophysical anomalies
MAJOR DEPOSITS of the Central Peru Polymetallic Belt
HOSTED BY MESOZOIC SEDIMENTARY ROCKS
Antamina – World’s largest Cu-Zn skarn
Cerro de Pasco – Peru’s largest CRD deposit (600M oz Ag)
Uchuchacua – S. America’s largest primary Ag producer
Morococha – over 100 years continuous production
Toromocha – 1.5B mt 0.5% Cu (Porphyry Cu-Mo deposit)
Iscaycruz – No current info available
Chungar – 10mt 4.6% Zn, 1.5% Pb, 2opt Ag
Santander – Resource, reserve 8.77 Mmt, 5.27% Zn, 0.27% Pb, 18.6 g/t Ag
Alta Victoria
IP Geophysics
HIGH CHARGEABILITY ANOMALY CONTINUOUS OVER 5.6KM STRIKE
- Known Ag-Pb-Zn mineralization is invariably associated with pyrite
- IP anomaly hosted in siliciclastics along a NNW trending thrust/fold axis
- IP anomaly is open to the NW, SE and down-dip