TSXV:FIL

Resource Estimate

Filo del Sol Total (0.30% CuEq Cutoff)1
Inferred Tonnes
millions
Cu
%
Au
g/t
Ag
g/t
CuEq
%
Cu
(billion lbs)
Au
(million ozs)
Ag
(million ozs)
Oxide 49.9 0.42 0.39 6.6 0.70 0.5 0.6 10.5
Mixed 133.4 0.51 0.31 23.3 0.91 1.5 1.3 100.1
Sulphide 197.7 0.31 0.32 6.2 0.54 1.3 2.1 39.2
Total 381 0.39 0.33 12.2 0.69 3.3 4.0 149.8
Filo del Sol Included Silver Zone (50 g/t Ag Cutoff)1
Inferred Tonnes
millions
Cu
%
Au
g/t
Ag
g/t
CuEq
%
Cu
(billion lbs)
Au
(million ozs)
Ag
(million ozs)
23.1 0.46 0.38 123.2 1.93 0.2 0.3 91.4
Filo del Sol Included High-Grade Copper Zone (0.50% Cu Cutoff)1
Inferred Tonnes
millions
Cu
%
Au
g/t
Ag
g/t
CuEq
%
Cu
(billion lbs)
Au
(million ozs)
Ag
(million ozs)
53.0 0.95 0.34 9.7 1.23 1.1 0.6 16.5


1. Notes to Accompany the Filo del Sol Mineral Resource Tables.
  • The Qualified Person for the resource estimate is James N. Gray, P.Geo. of Advantage Geoservices Ltd. The Effective Date of the resource estimate is August 26, 2015;
  • Copper equivalent assumes metallurgical recoveries of 84% for copper, 70% for gold and 77% for silver based on similar deposits, as only limited acid-leach metallurgical testwork has been done on Filo del Sol mineralization, and metal prices of US$3/lb copper, US$1300/oz gold, US$23/oz silver. The CuEq formula is: CuEq=Cu+Ag*0.0102+Au*0.5266;
  • All figures are rounded to reflect the relative accuracy of the estimate;
  • The Silver Zone and High-Grade Copper Zone resources are mutually exclusive, and are both contained within the total reported resource;
  • Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability;
  • The resource was constrained by a Whittle(r) pit shell using the following parameters: Cu $3/lb, Ag $23/oz, Au $1300/oz, slope of 42°, mining cost of $2.2/t and process cost of $7.4/t.;
  • Details of the Filo del Sol Mineral Resource estimate are contained in the technical report titled "Updated Mineral Resource Estimate for the Filo del Sol Property, Region III of Atacama, Chile and San Juan Province, Argentina" dated December 11, 2105 and available under the Company's profile on SEDAR

Please see Technical Reports for information assay methods and qualified persons responsible Mineral Resource estimates.