San José Mine

The Property Encompasses 

687,000 ACRES

The San José Property is located in the northwest corner of the Deseado Massif in the Santa Cruz Province in Argentina, where Jurassic bimodal volcanics host numerous quartz veins bearing gold and silver. Low sulphidation silver-gold and polymetallic mineralization accompanied Jurassic magmatism and deformation in the Deseado Massif.

The mine is part of a larger property which covers a total area of approximately 1,074 square miles (2,781 square kilometers) and consists of 135 mining concessions. The sizable land package provides good potential for additional resource and reserve expansion.

The Jurassic Bajo Pobre Formation is the main host for gold and silver mineralization, where veins are typically developed in competent andesite flows at the Huevos Verdes, Frea and Kospi deposits on the San José property and to a lesser extent in volcaniclastic units.

Mineralization in the San José area occurs as low sulfidation epithermal quartz veins, breccias and stockwork systems accompanying normal-sinistral faults. The main structural trend of fault and vein systems on the property is northwest to north-northwest, together with less prominent east striking and north to northeast striking faults and veins.

The San Jose property is still under-explored. We are continuing to identify structures/ extensions with current operations. Long hole drilling started close to the mine at the end of 2019 has recognized new potential to the west side of the Huevos Verdes vein. Geophysics for the Titan area was also started in 2020.

The evaluation of the Aguas Vivas polymetallic deposit to the north west of our existing operations was continued in 2019 and will be completed in 2020.

The Telken zone, which we believe that it could form the extension to veins from Newmont’s Cerro Negro mine in the south, was prepared for drilling in 2019 and will have a 5 kilometers drilling program in the first half of 2020.