Overview

The Tepal project is located in the state of Michoacán, near the border of Jalisco in Western, Mexico. The project is characterized by rolling hills within the forest of the Tepalcatepec river basin, with excellent project access via paved highways and maintained ranch roads in the heavily agri-business and local and independent mining operations. To date, mapping, sampling, and drilling confirm three main deposits, the North, South, and Tizate zones. Supported by a Pre-Feasibility study conducted by JDS Energy & Mining Inc. in 2013 and subsequently a Preliminary Economic Assessment in 2017, Tepal is a large project that contains a significant potential open-pitable mineral resource. Tepal’s current NI 43-101 Mineral Resource Estimate comprises over 4 million gold-equivalent ounces in the Measured & Indicated categories, with potential to add ounces and improve grade in structurally-controlled epithermal zones.