Project Overview

Torrecillas Gold Project, Peru

Torrecillas Gold Project, Peru

The Torrecillas Gold Project is an advanced development project in south-eastern Peru with the potential to become a high-grade, narrow vein mining project. The Project, which is currently being assessed by Mundo Minerals, comprises approximately 9,000 hectares of tenements on which approximately 6.5km of high-grade vein structures have been identified.

The Project is located in an established mining region in proximity to a number of medium-sized, high-grade operating mines.

Prior to the acquisition of the Project, Torrecillas was privately owned and operated on a low production base using selective mining. The average grade of ore treated from the mine was in excess of 30 g/t Au.

Mundo is targeting an initial production base at the Torrecillas Project of approximately 50,000 ounces per annum with an average mill head grade of approximately 20g/t Au…