Acquire Alicia Tender

Project Location PhilippinesProject Background The Alicia Project is a transformative addition to our property portfolio. The project is attractive for several reasons it has near-surface high-grade gold silver and base metal mineralization and the potential for a much larger deeper porphyry system that could have been the fluid source for high-grade near-surface veins. Furthermore it is within a Designated Mineral Field a major advantage for any future development and it contains excellent infrastructure with a supportive local labour forceThe Alicia Project brings an experienced Philippines-based management team with a history of adding shareholder value. The team was previously responsible for the development of Medusa Mining Ltds ASX MML Philippines Co-O Mine which has produced over 800000 ounces of gold and generated a peak market capitalization of over 1.5 billion dollars for shareholders. We look forward to completing our due diligence on the Alicia Project and completing the PSAThe Alicia Project is located in the eastern part of the Zamboanga peninsula on the southern Philippines island of Mindanao within the province of Zamboanga Sibugay. The Alicia Project is about 5 km from the town of Alicia population 37000 and 10 km from the port of Malangas. Access by air is via Pagadian City airport approximately 60 km away. The Alicia Municipality has a stable governance supportive of the projects development. The project is also situated on a relatively flat area with low lying undulating topography.The Alicia Project is a known gold occurrence recognized by the Philippine Mines and Geosciences Bureau as a Declared Mineral Reservation a region set aside and prioritized for future mining. The Exploration Permit EP-009-2016-IX was granted in June 2016 covering 932 hectares. It is important to note that the right to explore also includes the right to mine for a period of up to 10 years providing that resource and environmental compliances are met.Geological indicators highlight a well-developed epithermal system with the anomalous Cu grades having been introduced into the system post the primary epithermal system. The presence of a mature epithermal system provides a much bigger resource target within the known mineralization of the Pamaraw Vein. Mineralization within the tenement is from both a deep-seated epithermal source and a near-surface high-grade base metal sulphide source. The overprint of two mineralized systems significantly increases the resource potential.