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Exploit. Permit Granted - El Plomo West

Exploitation Mining Permit Granted

Project Cerro El Plomo West

February 2021

Mining Exploitation Permit was granted to the Project Cerro El Plomo West after detailed examination by the Chilean Ministry of Geology and Mining - Servicio Nacional de Geologia y Mineria  (https://www.sernageomin.cl/)

SERNAGEOMIN Resolution №0063/2021 dd 04 February 2021

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Flotation pilot run

Project El Plomo Central

February 2021

Another pilot flotation run resulted in the gold (86 gr/t), copper (9.9%), silver (620 gr/t)  concentrate, obtained from the mineral characterized by the dominance of gold-bearing finely crystallized pyrite with the traditional presence of copper (chalcocite) and silver (stromeyerite, acanthite, proustite) minerals.

Results of this test open up possibility of industrial processing and commercialization of the concentrates acquired from the currently developing underground zone of the project.

PILOT RUN CONCENTRATE CHEMICAL ASSAYS

Actlabs Laboratory

FEB, 2021

Flotation Pilot Run - El Plomo Central
Vent. Upgrade - El Plomo Central

In-mine ventilation system upgrade

Project El Plomo Central

January 2021

Due to the development of underground tunnel's length to the total of 345 meters, the ventilation system was upgraded in order to maintain the required efficiency of fresh air supply to the working points and to reduce the ventilation time after drilling and blasting operations.

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