Figure 23: Intrusion stages and relative chronology with respect to the vein-stages and paragenesis at La Herradura porphyry

Cu-Au-Mo system, Pijili project, as provided by GBM. The early-

mineralization crowded diorite and intra-mineralization quartz diorite and tonalite dikes and stocks (indicated by the blue dashed outline in the overlay) are responsible for the main-stage veins and the
deposition of the vast majority of the Cu-Au at Herradura. See the next slide for the location of the five major stages of intrusion. Refer to the following figures and the draft NI43-101 report for further
explanation and descriptions of the various vein types. This progression of early-, main- and late-stage intrusions is similar to other productive global porphyry systems (e.g., Alpala in Figure XX).

REVISE

Host Rock
1a
1b
1c

4
4

2
1c
1b
1a
HR
Figure 24: Intrusions and mapped and inferred faults in the La Herradura porphyry Cu-Au-Mo system, Pijili project, shown with Cu-equivalent in rock-chip. The formula to calculate Cu-equivalent =
Cu % + (0.7 x Au g/t), which equates approximately to metal prices of 3.50 USD per lb Cu and 1700 USD per troy oz Au.

REVISE
4
Group 1: Granodiorite and pre-mineral stages
3 Group 2: Early Mineral Crowded Diorite (Quartz Diorite)
Group 3: Intra-mineral Intrusions-- Quartz diorite + Tonalite
Group 4: Late-Mineral Dykes of Andesite and Tonalite.

Stage
2 Diorite
1
Hbl Q-Diorite
2 Crowded Diorite
3 3
3
4

1
The earliest intrusion corresponds to pre-mineralization diorite (1a) , Blue Quartz rich Tonalite (1b) and hornblende
quartz diorite (1c), which were emplaced in Granodiorite (Chaucha Batholith) host rocks. A second stage was
introduced, which corresponds to the pulse of crowded Diorite (2), rich in Cu-mineralization, bearing highly quartz-rich
vein density (mostly B veins along with USTs) and with alteration of secondary Biotite superimposed by Chlorite±Mod
to weak green sericite; that cuts the previous intrusion. It can be classified as an early-mineral pulse. The third stage is
associated with the injection of fine-grained Qz-diorite and porphyritic tonalite dikes (3), controlled, probably, by the
secondary structural system of Northwest compression, these NW-dikes host veins of Quartz±Molybdenite and
chalcopyrite±Bornite±Coveline (Traces) disseminated-veins; present moderate to strong secondary biotite, moderate
potassium feldspar and moderate green sericite, the above with an over-imposition of Moderate Chlorite. This event can
be classified as an intra-mineral event. The main phase of mineralization is related to the pulses 2 and 3 which cut the
entire previous system and provide high-grade Cu-Au mineralizing fluids, hosting visual percentages of chalcopyrite of
1 to 3% disseminated-veins and traces of Bornite-Covellite. The alteration is of strong secondary Biotite with over-
imposition of chlorite±Sericite Green moderate. The fault system is reactivated, allowing the location of a probable
intermediate sulfidation-stage epithermal and Au-bearing mineralization event (5), which presents copper sulfides such
as Chalcopyrite±Bornite±Covellite increasing the anomaly of the high-grade zone.

Group 1: Granodiorite and premineral stages

Group 2: Early Mineral Crowded Diorite
Group 3: Intramineral Intrusions--> Qdiorite and Tonalite
Group 4: Late-Mineral Dykes of Andesite and Tonalites. MARCO’S COMMENTS