Santiago

Exploration Alliance - Santiago Project

The Santiago Project consists of a single concession that encompasses 2,350 hectares and is currently 100%-owned by Salazar. It is located in a geological setting similar to the nearby Loma Larga deposit owned by INV Metals Inc. and is considered prospective for epithermal gold and silver and porphyry copper gold deposits. It features three large, surficial geochemistry anomalies for gold, copper, and zinc. Numerous vein occurrences have been identified on the property thus far, which have yielded good chip sampling results for both gold and silver. (see Salazar news release for technical summary, dated February 23, 2012).

There have also been historically modest drilling campaigns by two operators on the property, including Newmont Mining Corporation that reported wide drill intercepts for copper-gold from surface. Unfortunately, these historic drill results cannot be verified, as the drill core is unavailable. Additional work, including drilling, will be required to validate these reported historical drill results.

Santiago Highlights

  • 2,350 ha on one concession in Loja province
  • Adjacent to Newcrest’s recent +$100M earn-in deal with Cornerstone
  • Large MMT airborne survey completed in 2019 resulting in numerous copper porphyry targets
  • High-sulphidation system previously drilled by Newmont with potentially economic copper-gold intercepts over 100-325 m intervals from surface
  • Target generation work is ongoing in advance of an initial drill program