Exploration Map Locations
The Paso Yobai gold project area consists of 15,020 hectares of mineral rights located near the town of Paso Yobai in the Department of Guairá, Paraguay, approximately 160 km east of the capital city of Asuncion. The project is comprised of two concession groups: the ‘Independencia Mine’, which is a permitted mining concession 99% owned by the Company (6,596 hectares), and the 100% owned exploration licence claims (8,424 hectares) over the ‘X-Mile Trend’ geologic feature.
The project is an advanced exploration prospect defined by: 18,690 soil samples; 28 extensive mechanical exploration trenches, 1,000 m of continuous bulk-sampling excavation, and extensive geophysical data including comprehensive airborne electromagnetic and magnetometer surveys, 1,100 line-km of detailed ground magnetometer surveys, 106 line-km of CSAMT surveys, and 55 line-km of induced polarization/resistivity surveys, in addition to 11,300 m of diamond drilling.
Paso Yobai: Discovery Trend Summary
The Company has delineated an extensive vein-like structure denoted the Discovery Trend, where gold values occur from surface to greater than 100 m depth, and extend over 2,750 m length within the fully permitted Independencia Mine concession. The trend features extensive mafic dykes with elongate zones of disseminated gold mineralization, frequently interspersed with high-grade shoots notable for abundant coarse gold. The bounding sandstones are often altered and may host low-grade mineralization.
The Discovery Trend remains open to the northwest and to depth. The Company is also investigating additional gold occurrences proximal to the trend, within the permitted mining concession.
Conventional exploration work continues along the northern arm of the Discovery Trend including trenching and drilling on the relatively unexplored Northern Arm of the trend.
Paso Yobai: X-Mile Trend Summary
The X-Mile Trend is a gold geochemistry feature extending 14.8 km in length, located 3.5 km northeast of the Discovery Trend. X-Mile Trend mineral targets do not appear to be confined to linear, steeply-dipping, altered mafic dikes within bounding sandstones, thus differing in configuration from the Discovery Trend. Airborne magnetic data indicate abundant magnetic mafic rock below the full extent of the X-Mile Trend, suggestive of large formations of intrusive host rock that could be receptive to high-grade gold emplacement. Due to the extent and prominence of the gold targets located along the trend, this area is the primary focus of the Company’s exploration effort.
The majority of the large surface gold anomalies have been imaged to 600 m depth advanced geophysical surveys including 106 line-kilometres of Controlled Source Audio-frequency Magneto Telluric surveys (“CSAMT”) and 55 line-kilometres of gradient-array Induced Polarization (IP).
Geophysical targets correlating to high gold geochemistry values were detected at the Moroti, Tacurú, Cresta, Ycua Pora and Kaaguy prospects located along the X-Mile Trend, and at the Sudetia Target and Discovery Zones, located along the Discovery Trend. Each of these targets is large 500m x 1000m.
Drilling and trenching have already confirmed the Tacurú Block is an important gold discovery on the X-Mile Trend: Trench TRT-1 averaged 3.8 gpt gold over 30.55, twelve diamond drill holes totaling 1,712 m have been completed to a maximum depth of 115 m.
All 12 initial drill holes intersected gold mineralization on 1500m x 2000m Tacurú Zone, including 94.6 gpt over 2.6m at 34 m depth; 107.7 gpt over 3.3m at 80m, open at depth and laterally.
The Company will continue to investigate all six targets through modelling, ground follow-up and drilling. The new exploration drilling program began at the end of Septemrber, employing the Company’s own drill and staff.
Itapoty Diamond Property
The Itapoty diamond property is located in Paraguay, approximately 120 km north of the Company’s Paso Yobai Gold Project. Geologically, this area is part of the diamond rich Alto Paranaiba Igneous Province extending south from Brazil.
Since 2008, the Company has Explored 225,000 ha for diamonds, releasing less prospective ground to focus on the core 56,000 ha area of greatest interest.
To date, the Company has documented 78 diamonds recovered from a programme totalling 380 samples across all the project concessions. Approximately 11% of all stream sediment samples returned diamonds; a very high success rate. Many Kimberlite Indicator Minerals (KIMs) were also recovered in this sampling over the combined concessions, including numerous chromium spinels, ilmenites and three G9/G10 garnets. No diamond source or host rocks have yet been identified on the project.