Toro Blanco

Summary

Location:	Toro Blanco is located in the Andean highlands in Huancavelica Department, 250 kilometres southeast of Lima.
Communities:	Land at Toro Blanco is uninhabited and only utilized for seasonal grazing. Some permanent residents live within a few kilometres of the property.
Infrastructure:	Toro Blanco can be reached by the paved Libertador Highway and good quality dirt roads. The core of the property is only accessible by foot or horseback.
Properties:	The Toro Blanco Property is covered by one concession totaling 900 hectares. Buenaventura and Newcrest are other major land holders in the region.
Ownership:	Geologix holds 100% interest in the concession.
Royalties:	No royalties to underlying owners are applicable.

Introduction

Toro Blanco is a high sulphidation precious-metal prospect with low-sulphidation overprinting hosted in Tertiary-age volcanic rocks. Disseminated precious-metal targets include high-sulphidation style replacements within silicified and vuggy silica altered sequences as well as cross-cutting, potentially porphyry-related, low-sulphidation quartz stockworks.

Details of the Toro Blanco Property

Precious-metal bearing alteration exposed at the higher elevations at Toro Blanco consists of vuggy silica and alunite typical of high sulphidation deposits. Anomalous gold concentrations are also found in low-sulphidation quartz stockworks common in lower elevation exposures suggesting a transition to a porphyry environment. Pima alteration studies indicate lower temperature clay assemblages predominate within the high-sulphidation target suggesting the best precious-metal concentrations could lie at shallow depth where higher temperatures would be expected. Over-printing of low sulphidation stockwork-hosted mineralization indicates multiple precious-metal mineralizing events and the possibility of remobilization and upgrading.

Geochemical sampling from Toro Blanco has identified a zone of anomalous gold values within an area 1 by 1.5 kilometres. Values range from 0.02 to 1.0 g/t gold. Detailed geologic mapping followed by geophysical targeting are recommended.