- 3,200 ha property acquired from GlobeTrotters for USD $27,000 and 3,000,000 Forte shares.
- 100% owned by Forte Minerals, subject to a 1% NSR royalty to GlobeTrotters.
- Features two Cu-Mo-Au geochemical anomalies, both spanning 3 x 1 km, and a high-sulfidation gold anomaly >1 x >0.5 km.
- Highly prospective for a cluster of telescoped porphyry Cu-Mo-Au systems and overprinted high-sulfidation epithermal Au-Ag.
- Untested by drilling. Geophysical anomalies (high resistivity and chargeability) are strongly associated with these targets.
- DIA drilling permit (valid for five years) received in March 2022.
Miscanthus (Porphyry Cu-Mo-Au and High Sulfidation Epithermal Au)
Summary
Location
Figure 1: Location map of the Miscanthus Property.)
The Miscanthus property is situated in the Western Cordillera of Central Peru, approximately 375 km southeast of the Toromocho Porphyry Cu-Mo deposit (Chinalco).
- Access: 447 km from Lima to Nasca (7 hours), with an additional 120 km (3 hours) to the property. Alternative access via Lucanas, Sacsamarca, and Otoca.
- Elevation: 3,950–4,200 m above sea level.
- Infrastructure: 120 km from Marcona Port and near the Mantaro-Southern Peru power grid.
Geology
Miscanthus lies within the Miocene porphyry Cu-Au-Mo/epithermal Au belt of Central Peru, known for hosting significant deposits such as Toromocho, La Granja, and Lagunas Norte.
- High-Sulfidation Epithermal Au Target:
- Structurally controlled silica ledges and vuggy silica bodies.
- Associated with a >1 x >0.5 km quartz-alunite-kaolinite alteration zone.
- Coincides with significant geochemistry anomalies, including up to 193 ppb Au and 8.9 ppm Ag.
- Copper-Molybdenum Targets:
- Copper Target East: Features alunite-pyrophyllite worm textures indicative of proximity to a Cu-Mo porphyry system. Associated geochemistry includes 133 ppm Cu and 21 ppm Mo.
- Copper Target SW: Hosts silica-sericite-pyrite outcrops with up to 10,000 ppm Cu and 464 ppm Mo, suggesting a potential deeper porphyry system.
Figure 2: Au, Cu-Mo Targets, Aster And Terraspec Alteration Minerals
Figure 3: Cu-Mo-Au Geochemical Anomaly, Magnetics and Conceptual Model
Figure 4: Outcrop from the Copper East target area with intense alunite-pyrophyllite alteration as wormy and patchy alteration textures anomalous in surface rock Cu geochemistry with grade of up to 133 ppm Cu.
Figure 5: Outcrop from the Copper East target with intense porphyry related D-type veining anomalous in surface rock Cu geochemistry with grades of up to 108 ppm Cu.
Permitting and Community
- DIA permit issued in March 2022 for drilling 20 platforms across 172 ha.
- Social agreements and pro-mining communities have facilitated exploration to date.
Exploration Work
- Historical Exploration (2018–2022):
- Geological mapping (1:5,000 and 1:2,500 scales).
- Rock sampling (1,035 samples).
- IP and magnetic surveys (13.35 km).
- Recent Exploration (2023–2024):
- Complementary mapping and 229 additional rock samples.
- Magnetometry survey covering 7.0 x 4.6 km.
Key Prospects
- Gold Target Zone: Extensive resistivity anomaly coinciding with gold-in-soil anomalies.
- Copper Target East: Significant lithocap alteration and porphyry system indicators.
- Copper Target SW: Strong geophysical anomalies associated with Cu-Mo-Au mineralization.
