Ann: Driller Mobilised & Global Major Now Neighbour at Riqueza, page-345

Phase 1 is the largest of the three phases and intended to achieve a broad understanding of the resource potential of Humaspunco, Humaspunco South (a recently described prospect south of Humaspunco) and Uchpanga. It will feature broad-spaced angled holes spread along strike with closer-spaced, overlapping angled holes spread across strike. “Phase 1 should provide an indication of the tonnage potential of Humaspunco and a better idea of the nature of mineralisation at Uchpanga, an enigmatic zone of bonanza grade Zn-Ag-Pb-Au mineralisation at Riqueza” says Mr Brown.

The objective of Phases 2 and 3 is to systematically in-fill and extend mineralised sections (achieved in Phase 1) to generate an interconnecting matrix of mineralisation. The intention is to begin the process of resource building and, should the results prove positive, deliver the Company, in a timely manner, a JORC-compliant Exploration Target (expressed as a range of tonnes at a range of grades).

“We are optimistic that the mineralised veins, mantos and breccias at Humaspunco-Pinta may prove to form a coherent deposit” says Mr Brown. “Certainly, simple projections based on outcrop position and dip and strike measurements indicate that the veins and mantos will regularly intersect and on that basis may form a broad network of mineralisation. Should we also find that Humaspunco is potentially linked to Uchpanga, then Riqueza might develop into a very significant Zn-Ag-Pb+(Au-Cu) project indeed.”