Drilling Highlights

Results in the first table below represent selected intervals from Phase I and II drilling at El Rubi. Following the El Rubi results, a series of intervals from across the property are presented, arranged by prospect. The tables present assay results for Au g/t, Ag g/t and also as calculated values for Au equivalent g/t and Ag equivalent g/t. The calculated gold and silver equivalent values were determined using a ratio of silver to gold 70:1. The calculations are presented solely as assay results from an early stage exploration property and do not assume metallurgical recoveries or other economic considerations. The calculated equivalent results presented are intended to provide the reader with a way to compare and contrast the relative concentrations of both gold and silver across the intervals from different holes.

PHASE I AND II EL RUBI SELECTED MINERALIZED INTERVALS

HOLEFrom
(m)
To
(m)
Interval
(m)
Estimated
True
Width
m)
Au
(g/t)
Ag
(g/t)
Au
Equiv1
(g/t)
Ag
Equiv1
(g/t)
ELRUBI
LV18-20127.040.313.36.003.162286.42449
and32.033.01.00.458.3078219.471363
LV18-20492.095.03.02.104.382357.74541.6
incl94.095.01.00.708.1943414.391007
LV19-209213.0214.81.81.003.22105418.281280
LV19-21073.079.06.04.801.472164.55319
incl76.077.01.00.806.32107121.621513
LV19-211188.0192.54.53.0013.3944619.771384
incl189.0190.01.00.6758.3192385.776004
LV20-215188.0195.07.06.3014.408615.631094
Incl193.9194.40.50.45196.3984210.3614725
LV20-217265.5273.58.04.564.4540110.18713
incl270.5272.52.01.1415.55143636.062524
AND277.5278.51.00.577.4958615.861110
AND279.5280.51.00.577.36918.66606
AND301.5303.52.01.148.4420111.30791
LV20-218184.0187.03.01.895.8253013.39937
incl185.0186.01.00.6314.40125332.302261
AND192.0200.08.05.049.1556917.281210
incl194.0197.03.01.8922.63143143.083015
LV20-219182.0186.04.02.841.552495.10357
incl185.0185.50.50.365.56158428.21973
LV20-224104.0111.07.05.203.55804.69328
incl108.0109.01.00.748.3145314.81035
LV20-227173.4176.92.52.132.361354.29300
incl175.4175.90.50.438.8057517.01191
LV20-229293.0294.51.50.9816.83117.31209
incl293.0293.50.50.3343.74044.33099

2018 DRILLING PROGRAM AND HISTORICAL DATABASE SIGNIFICANT INTERVALS

HoleFromToInterval
(m)
True
width
Au (g/t)Ag (g/t)Au Eq
(g/t)
La Huatas
LV18-191137.515012.59.71.2582.03
including144.51483.52.723.341335.24
LV18-1921781961812.61.04792.17
including184.51905.53.851.881524.05
LV18-193176189.513.58.51.26552.05
including17617931.892.43813.58
LV18-19425025110.71.0823.21.41
LV18-19429629932.11.091242.86
Las Huatas North
LV18-195107109.12.11.471.00271.39
LV18-196230231.51.51.050.53240.88
El Huarache
LV18-19740440510.62.05412.64
El Rubi
LV18-2006181291.521333.42
including91121.55.5153713.18
LV18-200219.52211.51.1250.73811.88
LV18-200251253.52.51.8752.271344.18
LV18-2012740.313.363.162286.42
including273141.83.752587.43
and323310.458.378219.47
LV18-201858610.451.9241.97
LV18-202808110.640.68791.8
LV18-202151152.51.50.963.552006.41
LV18-2031231331051.1972.48
LV18-20314114210.50.92721.95
LV18-203145147210.67331.14
LV18-20317617710.51.3852.51
LV18-2031932051261.37812.53
including20020110.513.278024.34
LV18-204929532.14.382357.74
incl949510.78.1943414.39

In the case of the historical drilling tables, compiled from data generated by Minefinders Corp and Pan American Silver Corp, downhole core lengths are listed here, true widths were not estimated.

LAS HUATAS
HoleFrom (m)To (m)Interval (m)Au_ppmAg_ppmAuEquiv 70 to1
LV11-040C7893.515.51.2869.22.27 
INCL848733.84202.26.73
LV11-047C115138.523.57.6336312.82
INCL118127919.4390432.34
LV11-049C191.5315123.50.67441.30
INCL226.5233.26.72.74157.64.99
LV11-050C243.3261.3182.811875.49
INCL243.3244.81.53.503999.20
INCL252.3253.81.521.58117338.33
LV11-053C255255.60.611.54115628.05
LV11-053C262274121.261092.82
INCL272.52741.56.5262515.45
AND31832130.121342.03
LV11-057C241.7242.851.159.6765819.08
AND335.85336.8515.052829.08
LV11-058C319336.517.50.72351.22
AND324.5325.512.511364.45
LV11-059C315.33182.73.932597.63
INCL315.3315.80.59.3461218.08
INCL31731815.7338011.16
LV11-063C155.21571.80.0576811.03
LV12-082C131.6132.50.954.794355.41
LV12-090C266.452747.551.56882.82
INCL27227313.852657.64
LV12-103C181182.51.54.9242110.94
LV12-136C268.22701.811.673412.16
AND286.2287.150.958.2819811.11
LV12-160C330.7331.91.23.42123.59
LV12-163C336348.912.92.441224.19
INCL347.1348.1121.5893834.98
LA VIRGINIA
HoleFrom (m)To (m)Interval (m)Au_ppmAg_ppmAuEquiv 70 to1
LV12-078C24524613.271966.07
LV12-078C256.5257.511.62282.01
LV12-086C217.5235.5182.591194.29
INCL228.9230.61.718.2779429.61
LV12-091C59.860.811.3911.40
LV12-097C195203.58.50.87361.39
INCL19719811.50802.64
LV12-099C192.51941.51.74903.02
LV12-102C200.6202.622.7052.77
LV12-111C203.52062.51.19371.72
LV12-114C191.21920.80.013004.30
LV12-120C203222190.65291.06
INCL217217.90.91.921464.01
CONVIRGINIA
HoleFrom (m)To (m)Interval
(m)
Au_ppmAg_ppmAuEquiv 70
to1
LV10-7C120.5147.5271.0189.92.29
INCL131.5147.5161.451253.23
LV10-25C150151.51.50.6675.51.74
AND175.1184.79.63.161955.95
LV12-155C182.35188.15.752.351534.54
LV12-162C153.2161.358.150.41260.78
LV12-166C201.3202.651.350.75571.56
AND9191.450.454.0953311.71
LV12-168C135.65147.3511.70.62771.72
AND150.8168.217.40.87812.03
LV12-170C209.35212.553.21.211333.11
AND215216.11.10.701042.19
LV12-171C153.61551.40.54831.72
LV12-171C223.5237.614.10.35471.03
INCL234.85235.8512.262375.64
LV12-173C11.913.952.056.7397620.67
LV12-173C151.95152.9510.52671.47
LV12-174C14.5515.751.27.78105522.86
EL ORIENTAL
HoleFrom (m)To (m)Interval
(m)
Au_ppmAg_ppmAuEquiv 70
to1
LV12-092C19519722.47192.73
LV12-094C26827352.40603.25
LV12-105C137.5141.33.811.997713.09
INCL138.5139.81.334.1519936.98
LV12-107C18518610.97271.36
LV12-109C24024331.18291.60
LV12-153C468.94712.11.19892.45
AND458.55459.651.11.98212.28
LV12-156C36.637.71.11.97372.50
LA CASCADA
HoleFrom (m)To (m)Interval
(m)
Au_ppmAg_ppmAuEquiv 70
to1
LV12-150C82.1583.451.320.923721.46
HUATAS SUR
HoleFrom (m)To (m)Interval (m)Au_ppmAg_ppmAuEquiv 70 to1
LV12-110C76.679.42.81.05812.21
LV12-118C9798.951.951.31291.72
INCL9898.950.952.25442.88
LV12-119C150166.716.70.36290.78
INCL153.4154.411.551573.80
LV12-124C137.75141.53.759.3214411.38
INCL137.75139.31.5519.9725423.59
LA COLONIA
HoleFrom (m)To (m)Interval
(m)
Au_ppmAg_ppmAuEquiv 70
to1
LV12-137C105.25106.10.853.04233.37