The APTA prospect in the centre of the Project area has seen almost 39,000m of drilling by various companies since 2012. This work has identified a substantial epithermal gold system.
The last phase of drilling was undertaken by the Company’s previous JV partner, MMA, from late 2020 through early 2022, at which time the abatement of Covid related operational restrictions allowed MMA field crews to begin to explore the wider Anzá project area. Results from the final holes of this phase of work were announced on 27th June 2022.
39,000m
Historical Drilling
400m
Planned Depth
13+ Years
Exploration History
Following work done by the Company and as noted in the recently published NI43-101 report for the Anzá Project (released March 26th 2026), APTA is deemed to be of a similar geological style to Pepas, albeit somewhat deeper and in a different host rock.
The Company has undertaken its own geological studies and has developed targeting concepts to explain the emplacement of APTA and to open areas of untested exploration potential. A program of several holes is planned to test these concepts, the first of which, MAP106 commenced last week. This hole has a planned depth of 400m.
We have always considered Pepas to be a small part of a larger system but held back on wider exploration until the MRE was complete. It is encouraging to have now identified extensions or repetitions of this mineralised system that will form the basis of more detailed exploration. This drilling, in conjunction with the new rig at APTA and potential drilling at El Cedro in coming months, finally sees the Anzá project being explored to its potential.
Brad George
Chief Executive Officer
Airborne Magnetic Survey
Most of the Anzá Project area was covered by a helicopter borne magnetic/radiometric survey from 2012. However, while these data are of use, the Company considers the survey specifications and data quality to be sub-optimal, a view confirmed by comparison with a more detailed drone mounted magnetic survey undertaken by the Company over Pepas in early 2025.
A larger drone mounted magnetic survey has just commenced over the southern half of the Project area, covering the El Cedro porphyry cluster and the APTA deposit. Results are expected in the near term. It is anticipated that the results of this work will assist in drill targeting for both APTA and the El Cedro porphyry system which are currently being mapped and sampled.