Tim Coughlin

it does contain several other porphry intrusion like gold systems

that looks more like a gold porphyry system

we have a very clearly have a standalone mine potential project there for, for silver and antimony.

It is an evolving porphyry. So what I mean by that is it's a cluster of three porphyries. We're pretty sure we've been drilling one. Sort of intersections we're getting a well in excess of 300 m at over a gram, 1.1, 1.2 gold equivalent. It's a combination of gold, copper, and silver. So, it's classic porphyry with a bit of skarn around the outside and some high-grade veins

we suspect we have another one at Margaritas... we're only four kilometers south... it's difficult to imagine that we're seeing isolated systems both in space and in time.

it is the porphyry belt uh along strike of Cascabel for for those viewers who who are aware of that project in Ecuador uh of a plus billion ton um porphyry. Um uh um immediately along strike of that in in the uh on the Colombian side

I'm sure you believe it. Uh >> [clears throat] >> to be involved with a couple of discoveries um one um which ex- is exceeding 5 million ounces. That was a complete grassroots discovery over in um in the Caucasus in Armenia

So all of those will have 5 million oz potential by definition um because they were you know, they were ex um Anglo packages

There's historical tungsten grates, and this is all shear light, so very amenable to extraction. But we have grates on the other side of the ridgeline up to 20%.

it's um just under half a meter 0 .4 of a meter at 16 .6 uh percent tungsten oxide so very very high grade

bedrock samples across a 600 metre area so there's parallel loads of these quartz veining through the through the through the barrytown ridge line um so from about 0 .7 up to the 16 .6 percent tungsten oxide

we got up to 13 .3 grams per tonne and some 0 .7 % antimony

so there's parallel loads of these quartz veining through the through the through the barrytown ridge line um so from about 0 .7 up to the 16 .6 percent tungsten oxide

We own something like 1,840 square kilometers of combined applications and titles. And I believe that is still the largest title package in Columbia

is this first pass sampling isn't it for this project and you've come up with some stonkingly high -grade tungsten

so now the next step is really field mapping and applying for the exploration permit so we're able to drill it

with respect to the GAM project, which, which you and your and your viewers will know, we've been drilling for some time now

You are now moving into vectoring studies to locate the primary source of the hydrothermal system.

We need to drill a resource at Gam. So that that's the principal focus

We need to, to really get to, to some sort of a resource stage by the end of the year, rewrite the company.

we suspended things in Colombia at the end of 2022 for a couple of reasons and remained so until March of last year.

we have talked in the past about everything but their project in new zealand it's their granite creek target with increases project

we have a change of administration, such as we've just had in Colombia

Our principal focus right now is Columbia

why don't we sort of talk on the on the political stage. And I know there's some elections happening on Sunday which is obviously in Colombia.

it's it's in the hot it's in the ranges just above barrytown and that's on the west coast um of the south island

titles that we own down near the Ecuador border in the porphyry belt

So Antioquia and Caldas, you know, incredible potential and and a really great place to work.

We will go through the process and make the application for the exploration permit to allow us to drill and work through that process. But yeah, hoping that towards the end of the year we'll be up there with drilling.

We got a little permit, but probably more importantly, just recently, a couple of weeks ago now

they're currently exceptionally difficult to access. And so, they are dependent on political will. Something that we've been gently working on because this really needs a gentle hand on the tiller, especially in Colombia, for the past 10-15 years. And something we'll be pushing gently again after the outcome of the upcoming election in Colombia

ended up with a PhD um focused on how large copper and gold deposits form when mountains form in the Andes

people have been paying me to do this for the last uh 36 years in more than 25 countries

We invested all up, I think around about 5 million US, and we walked away with 22 and 1/2 million US in those acquisition sales

this is all shear light, so very amenable to extraction

So we're getting, you know, up to five meters but sort of three meter averages they are mining widths.

given the distance that we estimate we are from the porphyry that we're talking about, 1000 meter holes, something like that.

The antimony itself is something the highest becomes about half a percent.

We've now defined a cluster of three porphyries. So the focus is very clearly on outlining those other two porphyries and drilling a resource on the one that we've been drilling for the last few years which is Gwinnett

generally, if it was antimony alone, you probably need around about a percent of antimony. But combined with the silver, the gold.

They are seriously impressive projects that, you know, they're blighted at the moment by social unrest and logistic issues

Colombia is, is is highly prospective in respect of copper. And I'm saying that first because of the obvious demand, but then also gold

owning something like 1840km² of combined titles and applications

Rio2 many of your listeners will know are now a larger shareholder. So they own about 15% of they own 15% of the company.