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Paco Orco Property

Property Location and Description

Claim Size: 4,400 hectares
Mineralization: Copper, Lead, Zinc, and Silver

Paco Orco is located in southern Peru, about 175 km southeast of the active Cerro Lindo and 15 km northwest of the village of Huanca Sancos, the nearest village for supplies, Department of Ayacucho.

Location of Copper Standard properties in Southern Peru and Active Mines. Both Paco Orco and Capricho are located within the World Class Andahuaylas – Yauri porphyry copper belt which hosts more than 20 major deposits, including the Tintaya mine and the Las Bambas mine.

Geology and Mineralization

Paco Orco contains a recently discovered,  structurally-hosted zone of gossan occurrences that exend  northwest  from CopperNico’s Sombrero Project.  The gossans are derived from weatherning of massive sulfide mineralization hosted within limestone, part of a likely carbonate-replacement deposit.  The main gossan body is large, measuring 100 – 200 meters in diameter and extending southeast for 2.0 km before  transitioning into a zone of jasperoidal silicification, extending  for another 2.0 km.  The property has received very little work and is at a very early stage of exploration.  Rock samples of gossan from the property contain values up to 58 g/t silver, 0.58% lead and 0.26% zinc.

View west of the main gossan. Initial sampling produced highest values of 58 g/t Ag, 0.58% Pb, and 0.26% Zn. The ferruginous gossan contains variable amounts of white barite.
Close up of main gossan body at Paco Orco.
East End of Paco Orco contains large bodies of positive relief Jasperoid, formed within the intersection zone of the northwest trending gossan zone and northeast cross structures. Geologist for scale near center-left.
East End of Paco Orco contains large bodies of positive relief Jasperoid, formed within the intersection zone of the northwest trending gossan zone and northeast cross structures. Geologist for scale near center-left.
Fine cellular boxworks resulting from intense leaching of primary sulfides.
Fine cellular boxworks resulting from intense leaching of primary sulfides.

Joint Venture Terms

Solaris Resources Inc. (TSX:SLS/ NYSE: SLSR) (“Solaris”) has an earn-in option agreement on Paco Orco for up to 75% interest over two stages. Solaris has agreed to obtain all necessary drill permits and spend US$4 million during the first three years for 51% interest. An additional 24% interest, for a total of 75%, can be earned after Solaris spends US$11.5 million over four years, fully funding a Pre-Feasibility (“PFS”) for the project, and pays US$0.5 million.

 

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