The Limon Gold-silver Exploration Target
The Limon gold-silver epithermal system was first identified in hole LMDD012 drilled in January 2023. The discovery hole for the Limon gold-silver epithermal system was hole LMDD017 which intersected 176.7m at 1.1g/t AuEq* (0.97g/t gold and 10.1g/t silver), from 6.8m, and was drilled in February 2023. Subsequent drilling results are illustrated in the figure below.
The Limon gold-silver discovery is classified as an Intermediate Sulphidation epithermal deposit (ISE). It is expected that multiple shoots will be discovered within the broad 1.7km x 700m Limon alteration system. The Limon deposit also sits adjacent to and above the Limon porphyry target.
The Exploration Target was estimated on Target Prospects where there was a combination of diamond drilling (by Sunstone), geological mapping, trenching, geochemistry (soils) and to a lesser extent geophysical data (magnetics) that support the geological and mineralisation concept model. Approximately 9,530m of diamond drilling in 31 holes (LMDD012 – 015, and LMDD017 – 043) has been completed during 2023 focussed on the Limon gold-silver epithermal system. Of these 31 holes, 27 have been drilled into the central shoot area. Two have been drilled to the SE of the central shoot (LMDD039 and 041), one to the NW (LMDD033), and one well to the NW (LMDD042). Two holes drilled by Sunstone in late 2022, LMDD008 and 009, also intersected epithermal-related gold and silver mineralisation.
The Limon gold-silver epithermal Exploration Target has been prepared and reported in accordance with the JORC Code (2012) and consists of between approximately 30 and 44 million tonnes at a grade of between 0.9 and 1.2g/t AuEq*, for between 0.9 and 1.7mill oz AuEq.
The potential tonnage, grade and quantity of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource for the target area reported. It is uncertain if further exploration will result in the estimation of a Mineral Resource
