Drilling Highlights
The Cimarron Gold Project has seen significant historical drilling activity, providing a solid foundation for resource delineation and future exploration upside. The drilling confirms the presence of a porphyry gold-copper system with zones of high-grade gold mineralization and extensive alteration halos.
Drilling Summary
- Total Meters Drilled: 13,246 meters
- Total Holes: 106 drill holes
- 82 Reverse Circulation (RC) holes totaling 9,384 meters
- 24 Diamond Drill (DDH) holes totaling 3,883 meters
Resource Definition
- Calerita Zone:
- Inferred Resource of 3.7 million tonnes @ 0.65 g/t Au
- Containing ~77,000 ounces of gold
- Defined by wide-spaced drilling and remains open in all directions
Key Mineralized Zones
- Calerita: Porphyry gold-copper mineralization with quartz-chalcopyrite-pyrite stockwork and disseminated chalcopyrite in altered intrusive rocks.
- Los Evanos & Monumentos: High-grade veins with gold values up to 128 g/t Au and 314 g/t Ag.
- Lobo Zone: Features residual quartz textures associated with high-sulfidation epithermal systems.
Drill Highlights
- CM08-01 @ 31.1m:
- 1.95 g/t Au
- Disseminated chalcopyrite with potassic-quartz alteration in quartz-monzonite
- CM13-016 @ 60.9m:
- 1.78 g/t Au
- Porphyry-style stockwork veinlets with visible chalcopyrite
- CIM25-JP009:
- 1.33 g/t Au
- Altered porphyry with chalcopyrite-bearing veinlets
Additional Observations
- High-sulfidation epithermal features and lithocap alteration at surface
- Tourmaline and volcanic breccias associated with gold mineralization
- Geophysical data aligns with drill intercepts, supporting ongoing target generation
Future Exploration
Unmodeled drilling data from the 2013 campaign suggests considerable upside potential. Expansion drilling is planned to:
- Extend mineralization along strike and at depth
- Confirm high-grade epithermal zones
- Update resource estimates in compliance with NI 43-101 standards
Loma Verde Intercepts
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | CC-10-01 | 184.10 | 192.90 | 8.80 | 7.21 | 0.47 | 165 | 193 | 3.22 |
| Phase-I | CC-10-02 | 299.20 | 302.50 | 3.30 | 1.89 | 0.18 | 118 | 129 | 2.15 |
| Phase-I | CC-10-03 | 259.30 | 263.00 | 3.70 | 3.03 | 0.58 | 125 | 160 | 2.67 |
| Phase-I | CC-10-18 | 136.40 | 141.20 | 4.80 | 4.16 | 1.58 | 49 | 143 | 2.39 |
| Phase-I | CC-10-19 | 104.90 | 107.10 | 2.20 | 1.91 | 0.32 | 21 | 40 | 0.67 |
| Phase-I | CC-10-20 | 144.50 | 148.10 | 3.60 | 3.12 | 0.98 | 292 | 351 | 5.84 |
| Phase-I | CC-10-21 | 121.90 | 128.70 | 6.80 | 5.89 | 0.85 | 118 | 169 | 2.82 |
| Phase-II | BCO-01 | 402.35 | 411.55 | 9.20 | 7.68 | 0.14 | 17 | 25 | 0.42 |
| Phase-II | BCO-02 | 268.45 | 281.00 | 12.55 | 10.27 | 3.08 | 138 | 323 | 5.38 |
| Phase-II | BCO-03 | 241.00 | 247.25 | 6.25 | 5.29 | 0.70 | 5 | 47 | 0.78 |
| Phase-II | BCO-04 | 283.40 | 289.75 | 6.35 | 5.39 | 0.26 | 103 | 119 | 1.98 |
| Phase-II | BCO-05 | 226.65 | 230.10 | 3.45 | 2.83 | 0.14 | 124 | 132 | 2.21 |
| Phase-II | BCO-06 | 202.40 | 205.15 | 2.75 | 2.00 | 0.58 | 15 | 50 | 0.83 |
| Phase-III | BCO-52 | 383.45 | 389.05 | 5.60 | 4.85 | 0.16 | 17 | 27 | 0.45 |
| Phase-III | BCO-53 | 230.95 | 238.00 | 7.05 | 6.11 | 0.07 | 26 | 30 | 0.50 |
| Phase-III | BCO-54 | 418.45 | 421.90 | 3.45 | 2.99 | 0.14 | 21 | 29 | 0.49 |
| Phase-III | BCO-55 | 126.30 | 131.15 | 4.85 | 4.20 | 0.93 | 145 | 201 | 3.35 |
| Phase-III | BCO-56 | 208.30 | 210.65 | 2.35 | 2.19 | 0.83 | 89 | 138 | 2.30 |
| Phase-IV | BCO-64 | 207.35 | 210.80 | 3.45 | 3.00 | 0.06 | 20 | 24 | 0.40 |
| Phase-IV | BCO-66 | 364.75 | 369.60 | 4.85 | 3.45 | 3.22 | 238 | 432 | 7.19 |
| Phase-V | BCO-76 | 463.85 | 471.85 | 8.00 | 5.15 | 0.06 | 3 | 7 | 0.11 |
| Phase-V | BCO-77 | 243.80 | 244.90 | 1.10 | 0.70 | 0.16 | 1 | 11 | 0.18 |
| Phase-V | BCO-78 | 357.80 | 363.75 | 5.95 | 4.55 | 0.06 | 7 | 11 | 0.18 |
| Average: |
5.23 | 4.25 | 0.81 | 84 | 132 | 2.21 |
| Average > 60 g/t Ag-Eq: |
5.45 | 4.47 | 1.31 | 141 | 220 | 3.66 |
Santo NiÑo Intercepts
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | None | | | | | | | | |
| Phase-II | BCO-09 | 326.95 | 328.90 | 1.95 | 1.60 | 0.30 | 23 | 41 | 0.68 |
| Phase-II | BCO-10 | 367.10 | 368.80 | 1.70 | 1.30 | 0.07 | 2 | 6 | 0.10 |
| Phase-II | BCO-11 | 395.40 | 398.70 | 3.30 | 2.70 | 4.34 | 612 | 872 | 14.54 |
| Phase-II | BCO-12 | 114.80 | 116.80 | 2.00 | 1.28 | 0.11 | 182 | 189 | 3.14 |
| Phase-II | BCO-13 | 216.50 | 216.90 | 0.40 | 0.35 | 0.28 | 54 | 71 | 1.18 |
| Phase-II | BCO-33 | 238.10 | 241.70 | 3.60 | 3.20 | 0.01 | 1 | 1 | 0.02 |
| Phase-III | BCO-34 | 190.50 | 192.20 | 1.70 | 1.30 | 1.53 | 117 | 209 | 3.48 |
| Phase-III | BCO-35 | 176.30 | 195.90 | 19.60 | 15.00 | 0.07 | 27 | 31 | 0.52 |
| Phase-III | BCO-37 | 419.95 | 424.40 | 4.45 | 3.40 | 1.40 | 95 | 179 | 2.98 |
| Phase-III | BCO-38 | 261.15 | 263.35 | 2.20 | 1.50 | 0.24 | 113 | 127 | 2.12 |
| Phase-IV | BCO-62 | 504.45 | 507.10 | 2.65 | 2.17 | 1.08 | 183 | 203 | 3.38 |
| Phase-IV | BCO-63 | 462.70 | 467.70 | 5.00 | 4.53 | 0.07 | 20 | 24 | 0.40 |
| Phase-V | BCO-73 | 526.90 | 530.65 | 3.75 | 2.87 | 0.16 | 28 | 38 | 0.63 |
| Phase-V | BCO-74 | 377.55 | 378.25 | 0.70 | 0.65 | 0.01 | 0 | 1 | 0.01 |
| Phase-V | BCO-75 | 288.70 | 296.50 | 7.80 | 6.00 | 0.03 | 5 | 7 | 0.11 |
| Average: |
4.05 | 3.19 | 0.50 | 73 | 103 | 1.72 |
| Contiguous Holes 11,34,37,62: |
3.03 | 2.39 | 2.17 | 254 | 384 | 6.40 |
Impulsora Intercepts – Upper
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I |
CC-10-11 |
93.00 |
94.70 |
1.70 |
1.54 |
0.66 |
74 |
113 |
1.89 |
| Phase-I |
CC-10-12 |
101.10 |
105.00 |
3.90 |
3.66 |
0.64 |
17 |
56 |
0.93 |
| Phase-I |
CC-10-13 |
64.20 |
70.20 |
6.00 |
5.64 |
0.21 |
14 |
26 |
0.44 |
| Phase-I |
CC-10-14 |
119.10 |
126.50 |
7.40 |
5.67 |
0.46 |
15 |
43 |
0.71 |
| Phase-II |
BCO-20A |
202.05 |
202.45 |
0.40 |
0.36 |
1.56 |
59 |
153 |
2.54 |
| Phase-III |
BCO-40 |
283.25 |
285.80 |
2.55 |
1.65 |
0.99 |
4 |
63 |
1.06 |
| Phase-III |
BCO-41 |
63.00 |
64.05 |
1.05 |
0.90 |
1.65 |
59 |
158 |
2.63 |
| Phase-III |
BCO-42 |
55.35 |
59.40 |
4.05 |
3.09 |
0.99 |
70 |
129 |
2.16 |
| Phase-III |
BCO-43 |
264.40 |
277.90 |
13.50 |
9.50 |
0.46 |
12 |
40 |
0.66 |
| Phase-III |
BCO-44 |
49.20 |
55.35 |
6.15 |
3.91 |
1.29 |
31 |
108 |
1.81 |
| Phase-IV |
None |
|
|
|
|
|
|
|
|
| Average: |
4.67 |
3.59 |
0.65 |
24 |
63 |
1.05 |
Impulsora Intercepts – Lower
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | CC-10-08 | 425.00 | 429.00 | 4.00 | 3.46 | 0.63 | 38 | 75 | 1.26 |
| Phase-I | CC-10-09 | 342.80 | 346.00 | 3.20 | 2.77 | 0.66 | 13 | 52 | 0.87 |
| Phase-I | CC-10-11 | 117.40 | 119.70 | 2.30 | 2.08 | 1.15 | 9 | 78 | 1.29 |
| Phase-I | CC-10-12 | 116.00 | 120.90 | 4.90 | 4.60 | 1.60 | 115 | 210 | 3.51 |
| Phase-I | CC-10-13 | 78.80 | 80.80 | 2.00 | 1.97 | 1.31 | 103 | 181 | 3.02 |
| Phase-II | BCO-21 | 286.85 | 292.95 | 6.10 | 4.58 | 2.03 | 12 | 134 | 2.23 |
| Phase-II | BCO-22 | 530.85 | 531.55 | 0.70 | 0.65 | 0.77 | 76 | 122 | 2.04 |
| Phase-II | BCO-23 | 83.15 | 87.60 | 4.45 | 3.34 | 0.90 | 6 | 60 | 1.00 |
| Phase-II | BCO-26 | 354.45 | 356.25 | 1.80 | 1.35 | 1.90 | 5 | 119 | 1.98 |
| Phase-II | BCO-28 | 139.35 | 144.60 | 5.25 | 3.15 | 2.86 | 13 | 185 | 3.08 |
| Phase-III | BCO-36 | 899.45 | 901.45 | 2.00 | 1.10 | 0.10 | 1 | 7 | 0.12 |
| Phase-III | BCO-41 | 101.40 | 104.25 | 2.85 | 2.44 | 0.44 | 4 | 30 | 0.51 |
| Phase-III | BCO-60 | 342.35 | 348.85 | 6.50 | 6.11 | 0.34 | 5 | 25 | 0.42 |
| Phase-III | BCO-61 | 259.20 | 264.00 | 4.80 | 4.51 | 0.98 | 27 | 86 | 1.43 |
| Phase-IV | BCO-65 | 95.60 | 104.05 | 8.45 | 7.32 | 0.35 | 6 | 27 | 0.45 |
| Phase-IV | BCO-67 | 161.70 | 165.10 | 3.40 | 2.94 | 0.21 | 2 | 15 | 0.24 |
| Average: |
3.92 |
3.27 |
0.98 |
25 |
84 |
1.40 |
| Average > 60 g/t Ag-Eq: |
3.63 |
2.97 |
1.46 |
40 |
128 |
2.13 |
Promontorio Intercepts – Wide Structure
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | CC-10-07 | 145.40 | 183.10 | 37.70 | 28.88 | 0.23 | 9 | 23 | 0.39 |
| Phase-I | CC-10-08 | 141.50 | 156.00 | 14.50 | 12.56 | 0.10 | 9 | 15 | 0.26 |
| Phase-I | CC-10-09 | 30.30 | 56.80 | 26.50 | 22.95 | 0.27 | 3 | 19 | 0.31 |
| Phase-II | BCO-26 | 85.20 | 93.00 | 7.80 | 5.85 | 0.43 | 11 | 37 | 0.61 |
| Phase-II | BCO-29 | 80.10 | 92.80 | 12.70 | 8.98 | 0.58 | 6 | 40 | 0.67 |
| Phase-III | BCO-36 | 359.90 | 393.45 | 33.55 | 21.81 | 0.49 | 6 | 35 | 0.59 |
| Phase-III | BCO-40 | 79.40 | 89.30 | 9.90 | 9.30 | 0.90 | 40 | 94 | 1.57 |
| Phase-III | BCO-60 | 201.00 | 224.25 | 23.25 | 20.13 | 1.23 | 25 | 99 | 1.65 |
| Phase-III | BCO-61 | 139.95 | 166.50 | 26.55 | 22.99 | 0.32 | 12 | 31 | 0.52 |
| Phase-IV | BCO-72 | 258.65 | 277.65 | 19.00 | 15.56 | 0.77 | 10 | 56 | 0.94 |
| Phase-V | BCO-81 | 202.20 | 222.65 | 20.45 | 14.46 | 0.56 | 4 | 38 | 0.63 |
| Average: |
21.08 |
16.68 |
0.51 |
11 |
42 |
0.69 |
Promontorio Intercepts – High Grade Protein
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | CC-10-07 |
154.60 | 155.60 |
1.00 | 0.77 |
0.46 | 46 |
74 | 1.23 |
| Phase-I | CC-10-08 |
142.40 | 149.90 |
7.50 | 6.50 |
0.12 | 11 |
18 | 0.29 |
| Phase-I | CC-10-09 |
42.30 | 43.80 |
1.50 | 1.30 |
2.75 | 1 |
166 | 2.76 |
| Phase-II | BCO-26 |
91.25 | 93.00 |
1.75 | 1.31 |
1.27 | 38 |
114 | 1.90 |
| Phase-II | BCO-29 |
86.10 | 86.85 |
0.75 | 0.53 |
2.48 | 15 |
164 | 2.73 |
| Phase-III | BCO-36 |
387.75 | 389.45 |
1.70 | 1.11 |
2.82 | 25 |
194 | 3.24 |
| Phase-III | BCO-40 |
79.40 | 83.55 |
4.15 | 3.90 |
1.84 | 70 |
180 | 3.01 |
| Phase-III | BCO-60 |
202.50 | 208.95 |
6.45 | 5.59 |
2.82 | 66 |
235 | 3.92 |
| Phase-III | BCO-61 |
152.85 | 156.00 |
3.15 | 2.73 |
0.67 | 52 |
92 | 1.54 |
| Phase-IV | BCO-72 |
268.40 | 273.95 |
5.55 | 4.55 |
1.96 | 27 |
145 | 2.41 |
| Phase-V | BCO-81 |
209.70 | 211.15 |
1.45 | 1.03 |
1.31 | 6 |
85 | 1.41 |
| Average: |
3.18 | 2.67 |
1.56 | 38 |
131 | 2.19 |
Descubridora Intercepts
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | None |
| |
| |
| |
| |
| Phase-II | BCO-16 |
161.15 | 164.35 |
3.20 | 2.26 |
0.32 | 74 |
93 | 1.55 |
| Phase-II | BCO-17 |
158.45 | 159.65 |
1.20 | 0.90 |
1.53 | 631 |
723 | 12.05 |
| Phase-II | BCO-27 |
426.60 | 427.05 |
0.45 | 0.41 |
0.25 | 7 |
22 | 0.37 |
| Phase-III | BCO-45 |
99.35 | 103.75 |
4.40 | 3.38 |
0.23 | 98 |
112 | 1.86 |
| Phase-III | BCO-46 |
205.65 | 207.50 |
1.85 | 1.50 |
0.03 | 1 |
3 | 0.05 |
| Phase-III | BCO-47 |
119.40 | 125.25 |
5.85 | 4.50 |
0.79 | 56 |
103 | 1.72 |
| Phase-III | BCO-48 |
170.85 | 173.80 |
2.95 | 2.31 |
0.55 | 77 |
110 | 1.83 |
| Phase-III | BCO-49 |
280.25 | 281.95 |
1.70 | 1.30 |
0.63 | 36 |
74 | 1.23 |
| Phase-IV | None |
| |
| |
| |
| |
| Phase-V | BCO-83 |
123.55 | 131.25 |
7.70 | 4.94 |
0.42 | 27 |
52 | 0.87 |
| Average: |
2.70 | 2.07 |
0.50 | 78 |
108 | 1.80 |
| Average > 60 g/t Ag-Eq: |
3.22 | 2.44 |
0.58 | 105 |
140 | 2.34 |
La Bufa Intercepts
La Bufa – Alta
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | None |
| |
| |
| |
| |
| Phase-II | BCO-11 |
19.90 | 20.85 |
0.95 | 0.70 |
6.68 | 230 |
631 | 10.51 |
| Phase-III | BCO-37 |
25.05 | 28.55 |
3.50 | 2.10 |
0.73 | 53 |
97 | 1.61 |
| Phase-IV | BCO-63 |
133.20 | 135.90 |
2.70 | 1.74 |
0.95 | 201 |
258 | 4.30 |
| Phase-V | BCO-74 |
112.00 | 114.95 |
2.95 | 2.21 |
0.16 | 28 |
38 | 0.63 |
| Average: |
2.53 | 1.69 |
1.22 | 101 |
174 | 2.91 |
La Bufa – Main
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | None |
| |
| |
| |
| |
| Phase-II | BCO-09 |
103.75 | 106.75 |
3.00 | 2.12 |
1.22 | 27 |
100 | 1.67 |
| Phase-II | BCO-10 |
159.35 | 160.60 |
1.25 | 0.95 |
0.36 | 13 |
35 | 0.58 |
| Phase-II | BCO-11 |
116.35 | 122.75 |
6.40 | 5.23 |
2.41 | 129 |
274 | 4.56 |
| Phase-III | BCO-33 |
78.00 | 85.70 |
7.70 | 5.50 |
0.08 | 2 |
7 | 0.11 |
| Phase-III | BCO-37 |
113.05 | 117.40 |
4.35 | 3.30 |
1.90 | 97 |
211 | 3.52 |
| Phase-IV | None |
| |
| |
| |
| |
| Phase-V | BCO-73 |
281.50 | 287.20 |
5.70 | 3.66 |
0.03 | 2 |
4 | 0.06 |
| Average: |
4.73 | 3.46 |
1.08 | 52 |
117 | 1.95 |
| Contiguous Holes 9,11,37 |
4.85 | 3.55 |
2.02 | 99 |
220 | 3.67 |
La Bufa – Bajo
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | None |
| |
| |
| |
| |
| Phase-II | BCO-11 |
138.45 | 139.75 |
1.30 | 0.90 |
0.47 | 109 |
137 | 2.29 |
| Phase-III | None |
| |
| |
| |
| |
| Phase-IV | None |
| |
| |
| |
| |
| Phase-V | None |
| |
| |
| |
| |
| Average: |
1.30 | 0.90 |
0.47 | 109 |
137 | 2.29 |
Duranzo Intercepts
Duranzo – Alta
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | CC-10-05 |
35.10 | 36.50 |
1.40 | 1.20 |
0.23 | 120 |
134 | 2.23 |
| Phase-I | CC-10-06 |
14.30 | 17.10 |
2.80 | 2.42 |
0.59 | 76 |
112 | 1.86 |
| Phase-II | None |
| |
| |
| |
| |
| Phase-III | None |
| |
| |
| |
| |
| Phase-IV | BCO-68 |
361.60 | 362.65 |
1.05 | 0.86 |
34.50 | 30 |
2100 | 35.00 |
| Phase-V | BCO-80 |
468.10 | 469.40 |
1.30 | 0.92 |
4.71 | 4 |
287 | 4.78 |
| Average: |
1.64 | 1.35 |
6.61 | 66 |
463 | 7.71 |
Duranzo Main
| Phase |
Hole |
From (m) |
To (m) |
Core Length |
True Width |
Au (g/t) |
Ag (g/t) |
Ag-Eq (g/t) |
Au-Eq (g/t) |
| Phase-I | CC-10-04 |
206.00 | 211.20 |
5.20 | 4.89 |
0.56 | 18 |
52 | 0.86 |
| Phase-I | CC-10-05 |
80.70 | 88.60 |
7.90 | 6.84 |
0.55 | 16 |
49 | 0.82 |
| Phase-I | CC-10-06 |
159.00 | 171.70 |
12.70 | 11.00 |
0.29 | 7 |
24 | 0.41 |
| Phase-I | CC-10-07 |
188.50 | 194.70 |
6.20 | 5.08 |
0.31 | 11 |
29 | 0.49 |
| Phase-II | None |
| |
| |
| |
| |
| Phase-III | None |
| |
| |
| |
| |
| Phase-IV | BCO-68 |
426.00 | 434.45 |
8.45 | 6.92 |
1.71 | 3 |
106 | 1.76 |
| Phase-V | BCO-79 |
415.00 | 450.20 |
35.20 | 27.00 |
0.02 | 2 |
2 | 0.05 |
| Phase-V | BCO-80 |
473.30 | 518.05 |
44.75 | 31.64 |
0.42 | 2 |
27 | 0.45 |
| Phase-V | BCO-82 |
317.90 | 332.05 |
14.50 | 10.00 |
0.51 | 4 |
35 | 0.58 |
| Average: |
16.86 | 12.92 |
0.41 | 5 |
29 | 0.49 |
