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La Segoviana

Key Facts

Location La Segoviana Concession
Size of Target Area / Area Drilled 38.5 km2 / 0 km2
Distance from Processing Plant 1.0 km south of San Albino mill
Targeted Mining Method Open Pit and under-ground potential
Targeted Metal Au, Ag
Targeted zone San Pablo, Mina Francisco, Intermediate
Deposit Type Orogenic – High grade Au, shallow dipping 1-2m wide stacked veins 
Ownership 100%

Description

Initial mapping and sampling on La Segoviana has identified at least four prospects with high-grade gold values and vein-characteristics similar to those currently being mined at San Albino up to 21 km to the south.

The current reconnaissance exploration program covers the northern portion of the La Segoviana Concession and includes geological mapping and sampling of exposed mineralized veins, local mine dumps and, where safely accessible, underground workings. 

Initial mapping and sampling on the La Segoviana Concession is confirming the existence of high-grade gold mineralization over a significant strike potential at four prospects; La Reforma, El Silencio, San Luis-Caballo and Minas America.  While additional mapping is required to determine the true strike and dip of the individual veins,  mapping to date indicates the prospects cover a linear distance of approximately 6 km. 

Outlook

Approximately 21,000 metres of drilling is planned for 2022 on the La Segoviana and Potrerillos concessions in 2022.

Exploration

The structural setting and style of mineralization found at La Segoviana is almost identical to San Albino and to the numerous other showings within all four of the Company’s exploration and exploitation concessions. The gold mineralization occurs in fault-controlled quartz veins and occasionally in the immediate surrounding host rock which often contains several parallel gold-bearing veinlets. Veins are typically 1 m thick, with a NE-SW or N-S orientation and a shallow, 15-20 degrees dip. A total of 367 samples were collected from quartz veins exposed in prospects and historical workings, as well as historical dumps with gold assays up to 82.50 g/t Au.

A total of 35 channel samples were collected with 23 samples representing the in-situ vein and 12 samples representing dump material. The assays range in value from 0.02 to 43.5 g/t Au, with 12 samples reporting over 10 g/t Au and 15 samples reporting 1-10 g/t Au.

Reconnassiance Highlights (Channel Samples)

La Reforma

El Silencio

San Luis - Caballo

Minas America

1 Results reported on March 24, 2022, press release available here.

History & Milestones

Media & Photos

La Segoviana - La Reforma tunnel 9 Underground
La Segoviana - Prospects near River between San Luis and La Reforma
La Segoviana - Zoran underground at la Reforma

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