Pullo Property

 

Location

 

The Pullo property is 1000 Ha property located in southern Peru, 500 km southeast of Lima and approximately 100 km northeast from the port town of Chala.

 

Geology

 

The property is located along a major northwest-southeast trending corridor that coincides with a major crustal break representing the boundary between the Miocene volcanic and volcanoclastic rocks to the northwest and the Cretaceous intrusive rocks and Mesozoic sedimentary rocks to the southwest. This structural corridor hosts many well-known highly prolific epithermal Au and Cu-Au-Mo porphyry systems throughout Peru including Toromocho, La Granja, Michiquillay, Cañariaco, Pierina, Lagunas Norte, and Yanacocha deposits.

 

The property covers a 3 km x 2 km advanced argillic alteration zone comprised of several large ridges of vuggy massive silica breccias surrounded by intensely argillic and locally limonitic altered volcanoclastic rocks. A small part of this alteration system appears to have been partially tested by isolated trenching and diamond drilling along one of the silica ridges by a local Peruvian company in the early 1990’s. No information is available on this early exploration work and no other exploration work appears to have been carried out on the property since this time.

 

Exploration Potential

 

The Pullo property has the potential to host a large high sulphidation epithermal Au deposit similar to Barrick's Pierina and Lagunas Norte Au deposits found along the same structural corridor in northern Peru. More detailed mapping and geochemical sampling are required to determine the overall exploration potential of this property.

 

The company does not foresee any concerns or delays with obtaining access permits from the local communities to carryout exploration work or mining on this property.