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Crucero

Overview:

The Crucero project is located 150 km northeast of the city of Juliaca in the Department of Puno, in southeastern Peru. The project is accessible by paved road from Juliaca to the town of Crucero, with the remaining 50 km to site by gravel road. The Crucero project has been the focus of exploration and drilling programs from 1996 to 2012.

Commodity: Gold

Ownership: 100%

Location: Peru

Infrastructure: Road accessible, water, nearby electrical power (8 km)

Property Size: 4,600 Ha

Deposit Type: Orogenic

Resource*:

  • Indicated: 30.653 Mt grading 1.0 g/t gold (0.933 Moz) at 0.4 g/t gold cut-off
  • Inferred: 35.779 Mt grading 1.0 g/t gold (1.147 Moz) at 0.4 g/t gold cut-off

Drilling: 72 holes (~23,000 m)

Technical Report: In preparation

Images: Crucero Images

* Crucero resource estimate announced on January 16, 2018 in a News Release titled "GoldMining Announces NI 43-101 Gold Resource for the Crucero Gold Project, Peru", which is available at www.sedar.com under GoldMiningꞌs SEDAR profile. The resource estimate was prepared by Mr. Greg Mosher, M.Sc., P.Geo., recognized as a qualified person as defined in NI 43-101, is independent of the Company and has reviewed and approved the disclosure regarding the resource estimate for the Crucero Project disclosed therein. A technical report documenting the Crucero resource estimate, amongst other items, will be filed in due course and will be available at www.sedar.com under GoldMining's SEDAR profile.

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