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Forte Minerals Corp.

Don Gregorio (Porphyry Cu-Au)

Summary

  • 900 ha property under option by Forte Minerals from Candente Copper Corp.
  • Total of 13 historic, relatively shallow diamond drill holes completed on the project since 1977
  • Enrichment grades up to 0.8% Cu
  • Primary grades up to 0.4% Cu and 0.15 g/t Au
  • Miocene Porphyry Cu-Au with enriched and primary mineralization potential beneath a 1.3 x 0.5 km leached cap

Forte Minerals can acquire a 60% interest in Don Gregorio by:

  • Cash payments of US$500,000 over 3 years.
  • Total of 10,000 m diamond drilling over 3 years upon receipt of drill permits.

Exploration Target

  • 2.6 x 1.7 km porphyry Cu-Au exploration target outlined from geochemistry, geophysics, and drilling.
  • Hole S9 (eastern-most drill hole):
  • 45m of 0.56%Cu (Secondary)
  • 55m of 0.39%Cu (Primary)
  • EOH 100m - Open to the east and depth.
  • Historical drilling focussed on one section corridor.
  • Limit of phyllic alteration is interpreted to coincide with strong chargeability (>20 mV/V).
  • Enrichment and leach cap are partially removed by erosion.
  • Geochemical response controlled by erosion and post-mineral cover characteristics.
  • Strong geochemistry not necessarily above porphyry centre.
  • Potential for stronger enrichment zones exists on the northern side of the target.

Notes
  • The source of the historical geochemical assay intervals provided is from technical report “NATIONAL INSTRUMENT 43-101 F1 TECHNICAL REPORT ON THE LA HUACA Cu-(Au-Mo) PROJECT” dated April 23rd, 2011, and prepared by Michael J. Thicke (P.Geo. #34487), VP Exploration for Candente Copper Corp. The information suggests that porphyry Cu-(Au) mineralization may be present in this area. The drill core and geochemical sample reject materials from these drill holes are not available for re-assaying purposes. For that reasons, the historical Cu and Au assay results have not been verified by the Company.

Historical Drilling

  • Drilling was focussed on one section corridor.
  • Exploration potential is open to the north and south on the section.
  • Portions of the leached and enrichment profile removed by erosion.

Hole

From

To

Cu %

Au g/t

Zone

LH-01

0

14

 

 

Leached

 

14

54

0.564

0.211

Secondary

 

54

300.2

0.142

0.145

Primary

LH-02

0

44

0.303

0.146

Secondary

 

44

237.5

0.154

0.065

Primary

LH-03

0

42

0.412

0.133

Secondary

 

42

300.1

0.265

0.07

Primary

LH-04

0

36

0.438

0.25

Secondary

 

36

153.3

0.321

0.153

Primary

S1

0

25

0.466

 

Secondary

 

25

75

0.291

 

Primary

S4

0

25

0.794

 

Secondary

 

25

80

0.371

 

Primary

S6

0

45

0.052

 

Leached

 

45

80

0.433

 

Secondary

S7

0

15

0.001

 

Leached

 

15

107.5

0.281

 

Secondary

  • Exploration potential remains open at depth and in all directions
  • All holes encountered Copper and Gold mineralization (when analysed)
  • S8 & S9 encountered significantly high grades of secondary and primary copper mineralization.
  • The region to the east and north remains highly prospective and be a focus of the upcoming drilling campaign.
  • Drilling target area delineated with - - - -
Notes
  • The source of the historical geochemical assay intervals provided is from technical report “NATIONAL INSTRUMENT 43-101 F1 TECHNICAL REPORT ON THE LA HUACA Cu-(Au-Mo) PROJECT” dated April 23rd, 2011, and prepared by Michael J. Thicke (P.Geo. #34487), VP Exploration for Candente Copper Corp. The information suggests that porphyry Cu-(Au) mineralization may be present in this area. The drill core and geochemical sample reject materials from these drill holes are not available for re-assaying purposes. For that reasons, the historical Cu and Au assay results have not been verified by the Company.

Notes
  • The source of the historical geochemical assay intervals provided is from technical report “NATIONAL INSTRUMENT 43-101 F1 TECHNICAL REPORT ON THE LA HUACA Cu-(Au-Mo) PROJECT” dated April 23rd, 2011, and prepared by Michael J. Thicke (P.Geo. #34487), VP Exploration for Candente Copper Corp. The information suggests that porphyry Cu-(Au) mineralization may be present in this area. The drill core and geochemical sample reject materials from these drill holes are not available for re-assaying purposes. For that reasons, the historical Cu and Au assay results have not been verified by the Company.

Analysis and Recommendations

Future drilling needs to be upslope and above the blanket in order to determine the full thickness and size of the blanket, which currently grades 0.4-0.6% Copper and 0.15g/t Gold; Primary copper grades are in the 0.3-0.35%+ Cu.

The better grade, potassically altered rocks have not been penetrated by historical drilling. Total tonnage target ranges from 250-500 million tonnes of 0.3-0.5% Cu.

Forte ranks this investment in the same class as Constancia and Zafranal except Don Gregorio contains significant gold mineralization ~ 0.15 g/t Au. Shallow historical drilling <100m ended in copper mineralization and suggest potential for a larger hypogene mineralization at depth.

Disclosure:
The potential quantity and grade are conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. However, historical drill results and surface geological, geophysical and geochemical data suggests an exploration target with the potential for between 250 and 500 million tonnes grading between 0.3% and 0.5% Cu.

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