ABOUT
A Silver Opportunity Primed For Its Debut
Alcon has a historical inferred resource totalling 4.6 million tonnes grading 90.88g/t Ag, 1.66% Pb and 1.69% Zn)
1. Alcon Silver Corp. is not treating this historical resource estimate as a current mineral estimate. See Disclaimer.
HIGHTLIGHTS
PROJECT
Historical Silver Resource
-
Historical Initial Inferred Resource (Vachon 2011) contained in 4.6 m tonnes grading 90.88 g/t Ag, 1.69% Zn, 1.66% Pb.
-
Historical resource envelope only includes 56 drillholes (out of 82) totalling 8,057 meters drilled along 1.5 km of strike length on the La Princesa Vein.
-
Veta La Princesa represents a hydrothermal breccia vein system exposed intermittently along a strike length of 2.2 km. Locally drill tested to 300m depth.
-
Represents an excellent exploration opportunity for both potential to outline resources on the known Veta La Princesa and to discover blind deposits on previously untested structures.
Surupana workings immediately west of Rio Cullco. Note dumps whose upper surfaces correspond to former adit levels
¹This historical resource estimate was stated as an Inferred Mineral Resource in a fully compliant NI 43-101 technical report filed on SEDAR+ on 29-July 2011 by Caracara Silver Inc. (Vachon, 2011). Verification of this historical resource would require additional drilling to confirm historical intersections. The historical estimate was based on 24 out of 64 available diamond drill holes (DDH) when the 2011 technical report was prepared. Data from fifteen (15) DDHs drilled in 2013 not included in the 2011 resource calculation are now available in Caracara’s historical drilling database. Key parameters in the historical resource calculation: minimum true thickness = 1.2m; dip of structure = 60o; specific gravity = 2.75g/cc; radius of influence = half distance to nearest neighbor; high-grade samples not cut. The Caracara 2011 historical resource estimate cannot be relied on due to the destruction of historical drill core, loss of corresponding sampled material (pulps and rejects) and lack of sufficient work by a Qualified Person to assess the validity of the historical estimate. The historical estimate may be validated by completing a series of replicate holes in a future drill program on the property.
Flourishing Puno-Cusco Mining Region
Local Geology
At La Princesa, course clastics of the Hurricane Formation are the principal host of mineralization. Surface sample descriptions, drill logs, trace element data and outcrop indicate that extensive alteration in the form of pyrite, clays and recrystallized limestone extends for at least 500 m south of Veta La Princesa. Further work is required to map the limits of alteration and to determine how it relates to the emplacement of Veta La Princesa. Veta La Princesa is believed to be a diatreme breccia.
Alteration and mineralization have been traced by drilling for about 2,200 m along strike (east-west) across Princesa 2 and onto the adjacent concessions.
Drilling Plan View With Anomaly Overlay
High-Grade Silver's Intercepts
Hole | From (m) | To (m) | Intersection1 (m) | Silver (g/t) | Lead (%) | Zinc (%) |
|---|---|---|---|---|---|---|
PR-02 Values from Chance tech report 2022 Table 9. Significant Intersections | 121 | 155 | 34.0 Values from Chance tech report 2022 Table 9. Significant Intersections | 66.1 | 1.08 | 1.6 |
N/A | 26.7 | 30.1 | 3.4 | 61 | 5.8 | 1.6 |
PRIN-06-05 | 3.5 | 36.2 | 32.7 | 93.2 | 1.45 | 1.33 |
PR-09 | 6.8 | 24 | 17.4 | 86.4 | 2.48 | 0.18 |
PR-11 | 40.8 | 55.8 | 15.0 | 214 | 1.17 | 0.67 |
PR-53 | 61 | 73.6 | 12.5 | 570 | 2.5 | 1.02 |
PR-61 | 91.5 | 109.5 | 15.0 | 174 | 5.02 | 1.76 |
Note: Intersections are reported as core lengths and are not necessarily true thickness. Refer to NI 43-101 technical report on the La Princesa Property prepared for Alcon Silver (Chance, June 24, 2024) available online at SEDAR+. All technical information was derived from drill campaigns completed by Caracara Silver (2006-2013) and subject to QAQC protocols administered by Caracara Silver.
Infrastructure and Logistics
-
3,500 hectare land package
-
Paved and gravel road access
-
Excellent social community relations
-
National electrical grid power and water access
-
Access to local mining expertise at Juliaca, Arequipa, and Cuzco
-
Regional commercial centre and airport at Juliaca ~40km
Princesa structure facing east towards north-flowing (right to left) Río Cullco
Princesa Gallery