Project Pipeline
| Rae-Wallace holds several early-stage gold-silver exploration projects in central Peru, within the Cretaceous/Tertiary age Huancavelica-Chonta mineralized zone, southeast of Lima. The Largartijas project is comprised of three concessions covering 3,000 hecatres in the Lima Department. The property includes two types of hydrothermal alteration: a Liscay-type low-sulfidation system alongside a smaller high-sulfidation system. Rock chip sampling from a quartz vein within the low-sulfidation area returned values of up to 12 grams per tonne (g/t) Au and 216 g/t Ag over 0.8-metres. Sampling from the high-sulfidation area returned highly anomalous As, Sb and Hg. More detailed mapping and sampling (rock and soil) are planned. The Mirko project is comprised of three concessions covering 2,500 hectares in the Huancavelica Department. Three distinct high-sulfidation zones were sampled by the prior operator with results of up to nearly 1 g/t Au and 525 g/t Ag along with high levels of indicator elements. Rae-Wallace conducted a brief reconnaissance program in 2010, followed by more thorough mapping and sampling in the 2011 field season, to assess the potential of the property. The Sura project is comprised of three concessions covering 1,900 hectares in the Huancavelica Department. It includes a large (more than 9 square-kilometres) high-sulfidation zone exhibiting strong alteration within volcanic and volcaniclastic rocks. Minor Au values, typical of an upper level system, along with strong indicative trace element geochemistry, cover extensive areas within the project area. Rae-Wallace conducted a mapping and sampling program at Sura in the 2011 field season to assess the potential of the property. The Lachoc project is comprised of two concessions covering 1,600 hectares in the Huancavelica Department. The property includes a high-sulfidation system in volcanic and volcaniclastic rocks. Rock chip sampling has returned high to very high geochemical indicators, including gold values exceeding 0.5 g/t, over large zones. The San Felipe project is comprised of a single concession covering 400 hectares in the Huancavelica Department. The property includes a high-sulfidation system exhibiting alteration within volcanic host rocks. Anomalous gold and indicator elements indicate a series of NE-trending mineralized structures on the property. | |