- Forte’s Concessions 4700 ha - 15 km south of Barrick’s Pierina Gold Mine.
- 100% ownership subject to a 1% NSR Royalty.
- Comprised of 2 prospects:
- Alto Ruri –High Sulphidation Epithermal Au
- Cerro Quillo – Porphyry Au-Cu-Mo
- Road accessible from the city of Huaraz
- Excellent Endowment within the Northern Peru Porphyry and HS Miocene Belt
- Alto Ruri High Sulphidation Epithermal Gold Project – Drilled by Buenaventura 1997
- 12 shallow holes for a total of 2254.5 m.
- 001-97 returned best results of 131 m of 2.55 g/t Au.
- Including 54 m of 5.39 g/t Au.
- Cerro Quillo – Drilled by Anglo American 2004
- 9 holes for a total of 2684.9 m.
- 003-Q returned best results of 200 m of 0.49 g/t Au, 0.09% Cu, 0.007% Mo.
The Project is located just 15 km due south of the Pierina Au Mine owned by Barrick Gold Corp in central Perú which has produced over 10 million ounces of Au since commercial production in 1999 (Figure 1). As with Pierina, these prospects are situated along the Cordillera Negra and associated with Miocene aged volcanic and volcanoclastic rocks forming part of the Tertiary Volcanic Arc which is known to host several large Miocene aged epithermal Au deposits including Newmont’s (Minas Buenaventura-Sumitomo) Yanacocha and Minas Congas deposits as well as several large Miocene aged porphyry Cu-Mo-(+Au) deposits including Chinalco’s Toromocho, Southern Copper’s Michiquillay and Rio Tinto’s (First Quantum Minerals) La Granja deposits
Figure 1: Location map showing the Alto Ruri concessions relative to Barrick Gold’s Pierina gold mine.