EL COROZO AREA (Neita)

In the El Corozo area, geological mapping and prospecting has outlined a 750 meter long by 75 meter wide, north-south trending topographic ridge formed by silicification and brecciation of the host mafic volcanic rocks situated adjacent to felsic pyroclastic rocks. The host north-south structure is considered to be a splay off a nearby regional north-west trending fault. The volcanics are highly altered and possess both copper and gold in soil anomalies. Immediately to the west, a silicified float rock sample assayed 6g/t gold. Other reconnaissance rock samples in the area returned results of 1.5 and 0.7g/t gold. Immediately to the north in Haiti and immediately down slope of the El Corozo hill, stream sediment concentrate samples have assayed up to 840g/t gold. Immediately adjacent to the silicification, in the valley to the east, a 2 km oblong target is interpreted by airborne geophysics to be a large hydrothermal alteration zone. A similar 2.5 km long hydrothermal alteration zone is located immediately to the south of the silicification zone and is centered on the northwest regional structure. A quartz keratophyre intrusive occurs adjacent to the fault and a 0.9g/t gold grab sample was obtained from the base of the hill.

Very recent exploration results on the El Corozo alteration zone and structure, which is known to be 1.5 km by 2 km in size is very encouraging. Stream sediment samples returned values up to 1.1g/t gold, soil sampling has returned gold anomalies up to 500 ppb with a large coincident copper anomaly in excess of 1,000 ppm and associated zinc. Limited trenching returned values up to 1.6g/t gold in highly silicified volcanics.

Four east-west lines of IP geophysics, 400 meters apart, totalling 6.0 line-kilometers, have been completed and show two excellent northwest-south trending chargeability highs with a higher amplitude than that found over the Los Candelones mineralization.

Of the two northeast-southwest trending chargeability highs delineated with IP, the more easterly zone is a 200 meter wide by 1.5 kilometer long target that may be a fault contact zone between tonatile and felsic volcanic rocks. This zone trends about 150 meters to the east of Corozo Hill. The second zone trends about 500 meters to the west of El Corozo Hill and is coincident with gold and copper in soil anomalies and a gold in stream sediment anomaly. Neither of these IP chargeability zones has yet been evaluated by trenching or diamond drilling.

Five drill holes totalling 541.2 meters were completed on the El Corozo area. The first 4 holes targeted the hydrothermally altered, silicified and brecciated volcanics and sediments of El Corozo Hill and intersected narrow zones of low grade gold mineralization such as in SCO-04 which contained 3 one meter intervals assaying 0.7, 0.4 and 0.8g/t gold ad also contained elevated copper mineralization throughout their entire lengths (SCO01, 0.1% Cu over 120 meters including 0.2% Cu over 27 meters).

The elevated copper values obtained in altered and silicifed volcanics and sediments from the core from the 4 drill holes on El Corozo Hill are indications of a large hydrothermal system and might suggest proximity to a porphyry system.

The last hole, SCO-05, targeted a gold in soil anomaly associated with a north-south trending structure located about 1 kilometer to the south of El Corozo Hill and encountered saprolite and weathered and oxidized intrusives and returned low gold values up to 0.2g/t with low copper values.


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