The El Cedro prospect lies to the south of the same integrated licence that hosts both Pepas and APTA and is roughly 4km south of the APTA base camp. It is anticipated that drilling can commence at El Cedro in the near term once targeting and access permitting has been completed.
Work on the area began some years before Orosur’s tenure, when Anglo American undertook reconnaissance mapping and sampling, identifying a highly prospective gold/copper porphyry system. This work was largely focussed on a small soil program in the centre of what was known of the northern porphyry, plus mapping in flanking creeks and drainages which identified several veins systems with rock chips returning over 10 g/t Au.
25m
Soil Sample Spacing
2
Intrusive Bodies
2025
Soil Survey Launched
Little work was then undertaken until late 2021, when the Company’s previous JV partner, MMA, re-entered the area to carry out mapping, sampling and ground geophysics that largely confirmed Anglo American’s previous work and mapped several large dioritic intrusions and associated epithermal systems.
Post resumption of control of the Project, the Company began a large-scale soil geochemical survey in May 2025, planned to cover most of what was thought to be the extent of the porphyry system as it was known at the time. Soil samples were taken at roughly 25m intervals, along ridges and spurs for ease of access and to ensure soils were residual. Results from this work were announced on October 30th, 2025, which included the identification of a second intrusive body immediately south of the known northern body.
Identification of this second body led to the commencement of an additional soil and mapping program to the same specifications.
Assay results
Assay results from this new program demonstrate this southern intrusive system to be largely similar to the northern body, demonstrating high grade gold in soils, at times over 1g/t Au, over a total area of roughly 2km x 3km.
Mapping suggests both intrusive systems to be geologically similar and therefore likely to be related events (albeit based on limited outcrop) but with slightly different geomorphological settings and soil profiles.
Both sit within the same N-S structural corridor with the highest-grade soil and rock chip samples being in fault systems between the two intrusions and on the flanks of each, suggesting the presence of porphyry associated epithermal systems.