Exploration Potential

Campo Morado holds excellent exploration potential. Former operators developed at least 10 untested geophysical anomalies.

CAMPO MORADO EXPLORATION POTENTIAL

Campo Morado holds excellent exploration potential. Former operators developed at least 10 untested geophysical anomalies (gravity, induced polarization and magnetic) and over 14 untested geochemical anomalies, some of which are coincident with the geophysical anomalies. There are also several underground geophysical borehole EM anomalies. Some of these borehole anomalies have been drill tested intersecting massive sulfide mineralization in potentially stacked sulfide lenses below the known mineralized zones. Altaley plans to initiate exploration in 2022 to test these anomalies and unlock the undiscovered hidden potential of Campo Morado and possibly expand the size of the Campo Morado operation, targeting a potential doubling of throughput capacity within five years should sufficient new resources be delineated

Altaley is currently embarking on advanced metallurgical studies designed to significantly increase both precious metal and base metal recoveries.

New revenue streams are envisioned with improved base metal flotation recoveries potentially available with Maelgwyn Mineral Services patented Imhoflot G-Cell technology and their patented Leachox process for the treatment of gold bearing sulphide flotation concentrates to significantly increase precious metal recoveries.

2013 preliminary Leachox testing by Maelgwyn Engineering at Campo Morado achieved recoveries of up to 65% for gold and 81% for silver, 400% and 200% respective increases from current recoveries.

The project also hosts approximately 3.2 million mt of historic tailings material containing significant gold, silver & copper that may be available for future recovery. Altaley will also test this tailings material as outlined above which may allow recovery of these metals to realize their hidden value.

 

- Numerous large-scale anomalies down-dip of the Southwest, G9 and El Largo deposits

-  A Second Mineral Horizon is expected below the current resource

-  Nyrstar intercepted wide zones of mineralized VMS within this Second Mineral Horizon

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