Flint Gold Project

The Flint Project covers an area of 2,200 Ha in La Libertad Province, a historically gold-rich region.  It is 70 km ESE of the city of Trujillo in northern Peru at approximately 3000-3,800 m altitude. Regionally the area features Cretaceous-aged metasediments intruded by granitoid batholiths, overlain by Tertiary-aged Calipuy Volcanics, which host major gold deposits (e.g., Yanacocha). Gold mineralisation varies from volcanic-hosted epithermal veins in the west to sediment-hosted high-sulphidation systems in the east.

The project features a high-sulphidation epithermal Au and potentially Cu-Au exploration target covering a 4.7 km by 1.7 km zone of intensely acid sulphate-altered andesitic volcanics. It is adjacent to the Peñoles’ San Pedro Cu-Mo porphyry prospect. Strong silicification and acid leaching suggest deep hydrothermal fluid activity which may be associated with the nearby San Pedro porphyry. Hydrothermal fluid dispersion patterns identified by epithermal and porphyry specialists suggest two principal fluid sources were feeding the system.  Trace element geochemistry results from over 500 rock samples are indicative of a preserved high sulphidation system at depth, possibly along the volcanic-sediment boundary. The strongest alteration and inferred mineralisation zone is towards the southern part of the project area, where quartz diorite porphyry samples have been identified in outcrop. The Flint Project brings a substantial database of over 500 rock chip samples, Induced Polarisation and ground magnetics geophysics and alteration mapping. It is a large alteration system with trace element geochemistry indicative of epithermal deposits of the high sulfidation type.

The +10km² scale of the Flint alteration system provides insight into the potential extents of buried mineralisation. Drill targets exist on the northern half of the licence area.  Geophysics modelling indicates the epithermal system plunges to the SSW.  Rock sampling and geophysics on the southern concessions are warranted to produce an inclusive model.