Asset Portfolio

Peru

BERENGUELA Project

Berenguela is a resource-stage silver-copper project located in the Altiplano of south-eatern Peru. It is an epigenetic replacement Mn-Cu-Ag style deposit. The project has seen small scale production from a number of surface pits and underground from 1906 until 1958.

EMX holds a 1.0-1.25% NSR on the Berenguela project. Berenguela is a resource-stage silver-copper project located in the Altiplano of south-eastern Peru. It is an epithermal polymetallic carbonate-replacement style deposit being advanced by Aftermath Silver (TSX-V:AAG). The project has seen small scale production from a number of surface pits and underground from 1906 until 1958.

The project holds a 2018 JORC Mineral Resource* of:

  • Measured & Indicated: 35.9 Mt at 85 g/t Ag, 0.79% Cu, 5.91% Mn, 0.3% Zn.
  • Inferred: 9.97 Mt at 88 g/t Ag, 0.67% Cu, 2.14% Mn, 0.20% Zn.

 

Since optioning the project in 2020, Aftermath has completed an updated 2021 NI 43-101 Report and commenced an exploration drilling.

EMX believes this resource stage project has real potential and anticipates results from recent exploration drilling.

*The above historical resource data was from the Valor Resources Ltd. 2018 JORC Report and Resource Estimate on the Berenguela Copper-Silver Project, Department of Puno, Peru, January 9, 2018. Reviewed and approved by Competent Person Mr. Marcelo Batelochi Chartered Member of AusIMM. EMX has not done sufficient work to classify the historical estimates as current Mineral Resources as being compliant with NI43-101 standards and the EMX is not treating the historical estimate as current, however EMX believes these results to be reliable and relevant.

 

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