GABY – PAPA GRANDE PROJECT

AGOSTO 2012

GABY – PAPA GRANDE PROJECT

Gaby Locations & Access
N
Colombia

Equator Quito

Guayaquil

Rio Blanco
Cuenca
Pacific Quimsacocha (Iamgold)
Ocean Machala Gaby
FDN (Aurelian)
Mirador (Corriente)
Peru

100 km
Pan American Highway

GABY – PAPA GRANDE PROJECT

GABY – PAPA GRANDE PROJECT
 Local Geology & Mineralization
Pacific Oc. COLOMBIA
Simplified
QUITO Geological Map of
the Western
ECUADOR
Cordillera
Guayaquil Cuenca
LEGEND
Quaternary volcanic rocks and
Inter-Andean graben

Tertiary volcanic rocks

Gaby Project
Jurassic-Cretaceous
oceanic terranes

Metamorphic basement
(Precambrian-Cretaceous)

Principal gold/base metal

PERU prospects and mines

GABY – PAPA GRANDE PROJECT

 6420

644
N Río Villa

GABY TAMA

9662000
Rio G
uana
che

PAPA GRANDE
CUY

9661000

TRES DE
MAYO
LEGEND
Hydrothermal Bx (Volcanic clasts)
BELLA
Hydrothermal Bx (Porphyry clasts) RICA

Quartz – feldspar porphyry

Horblende porphyry

Vein with dip

Fault observed
82

Fault - inferrred

Lineament

GABY – PAPA GRANDE PROJECT

Mine working
0 0.5 1 km
 RIO BLANCO EAST
Chaucha
4500m
Cu Mo
Bella Rica – Gaby
Au district
SARAG URO
PAC IFIC G RO UP
O C EAN

O C EAN IC

RY
C RUST

HY
RP
J u ra ssic -­‐C re ta c e o u s PO RPH YRY

PO
E
ON
E   Z
R
TU
SU

BATHO LITH  
 

GABY – PAPA GRANDE PROJECT

Exploration History

n  1973 Geochemical Survey of area by Copperfields

n  1989 Acquired by Minpalca, pitting & 16 shallow RC holes
n  1991 Newmont drilled 11 cored holes
n  1992 Gribipe evaluate shallow oxide resource
n  1993 IMC acquire 50% interest in Muyuyacu
n  93-94 IMC Phase I - 153 RC holes totalling 7,405m
n  1994 IMC Phase II – 22 DDH (6,416m) and 45 RC (2,741m)
n  95-96 IMC prefeasibility infill drilling 44 RC/DDH (11,717m)
n  1997 IMC drilling in Tama area, 3 DH (600m)
n  1997 MRDI complete pre-feasibility study

GABY – PAPA GRANDE PROJECT

Exploration History

n  2004 MQes CAPEX/OPEX update

n  2005 Soil grid for geochemistry in GM and PPG with sampling,
outcrops and pits
n  2006 IMC commences feasibility study program at Gaby,
11 DDH (3,146m); 30 DDH (6,962m) PPG
n  2007 IMC 74 DDH (16,924m) GM and 22 DDH (4,612.5m) PPG
3 adits (Tunnels) 249.35m
n  2008 IMC 22 DDH (4,850m) GM and 1 DDH (800m) PPG
n  2009 FSS Adendum to preliminary pre-feasibility study and
Updated resources at Gaby Project

..…..total IMC drilling 480 holes totalling 78,433m

GABY – PAPA GRANDE PROJECT

N
N LITHOLOGY
LITHOLOGY
LITHOLOGY

Hydrotermal
Hydrotermal Breccia
HydrotermalBreccia
Breccia
Volcanic
VolcanicFlows
Volcanic Flows
Flows
Feldspar
FeldsparPorphyry
Feldspar Porphyry
Porphyry
Hornblende Porphyry
Hornblende Porphyry
HFP
HFP Porphyry
HFPPorphyry
Porphyry
Igneous
IgneousComplex
Igneous Complex
Complex

Pre-1991
Pre-1991
Pre-1991 Minpalca/
Minpalca/15
Minpalca/ 15RC/
15 RC/832m
RC/ 832m
832m
1991
1991
1991 Newmont/
Newmont/11
Newmont/ 11DDH/
11 DDH/2,160m
DDH/ 2,160m
2,160m
1994
1994
1994 Zappa/13
Zappa/13DDH/
Zappa/13 DDH/2,652m
DDH/ 2,652m
2,652m
1994-1997
1994-1997 IMC/
1994-1997 IMC/ 175
IMC/175 RC/
175RC/ 10,635m
RC/10,635m
10,635m
1994-1997
1994-1997 CAMBIOR
CAMBIOR///54
1994-1997 CAMBIOR 54 DDH/
54DDH/ 6,119m
DDH/6,119m
6,119m
1994-1997 IMC/
1994-1997 IMC/ 71
71 DDH/
DDH/ 18,713m
18,713m
2006
2006 IMC/ 41
IMC/ 41 DDH/
DDH/ 10,136m
10,136m
2007
2007 IMC/ 77
IMC/ 77 DDH/
DDH/ 21,536m
21,536m
2008 IMC/ 23 DDH/ 5,650m

GABY – PAPA GRANDE PROJECT

 GBY 1157
Au 2.23 PPM

Hornblende – Feldspar Porphyry with stock work

of veinllets Qtz – Act – Py - Cpy

GABY – PAPA GRANDE PROJECT

 Bx

GBY-042 (156.0m) Au 1.155 PPM

Clasts of Porphyry with strong Biotite alteration
in Qtz – Act – EP – Py – Cpy Matrix

GABY – PAPA GRANDE PROJECT

History : Multiple
Early
Sericite
porphyries
phase,
tonolitepoorly
(hornblende-plagioclase)
are cut
developed,
by hydrothermal porphyries intrude
Deep
….together
Main Cu-Au,
erosion
with
Mid-Cretaceous
Breccias,
- with minor (Mo)
removes
mainly metal-poor
calciteaccompany
lavas argillic
pre-mineral
veins K-silicate
lithocap
Ca-Na
of tholeitic
(As, Cu, Au tralteration
silicate
Pb Zn)phase (alb, act, ep)
composition

15200N

S N

250 m a.s.l

FINE-GRAINED PORPHYRY

HYDROTHERMAL BRECCIA

FELDSPAR PORPHYRY

HORNBLENDE PORPHYRY

CROWDED PORPHYRY
0 200m
ANDESITIC FLOWS

Fig. 1 SKETCH SECTION, 5425E, GABY, (After Sillitoe)

GABY – PAPA GRANDE PROJECT

The field is filled with chalcopyrite hosting at the left a few beads of
pyrrhotite. The gold grains right of center are about 10 and 20 microns
in size.

GABY – PAPA GRANDE PROJECT

 The field of view is filled with pyrite at high magnification and a brittle-
style fracture cutting it carries chalcopyrite and, at the center gold. The
gold gran is 10 microns across.

GABY – PAPA GRANDE PROJECT

The fuzzy grains are former pyrrhotite replace by pyrite and then
overgrown with clear pyrite of yellower color. The gold grain at the
center is 100 microns in diameter.
GABY – PAPA GRANDE PROJECT
The field seen at high magnificition is pyrite with inclusions of
chalcopiryte. Above center is a 28 microns gold grain partly enclosing a
tiny stringer of pyrrhotite.
GABY – PAPA GRANDE PROJECT
Gaby - Papa Grande Project
Geology Map

GABY – PAPA GRANDE PROJECT

Gaby - Papa Grande Project
Geochemistry Map

GABY – PAPA GRANDE PROJECT

PITS MUESTREO DE BEDROCK, Au 1.81 g/t

GABY – PAPA GRANDE PROJECT

 Gaby Zone

GABY – PAPA GRANDE PROJECT

Section GM205

GABY – PAPA GRANDE PROJECT

 ENVIRONMENTAL MANAGEMENT PLAN
Rehabilitación de Labores de Exploración

GABY – PAPA GRANDE PROJECT

 Papa Grande Zone

GABY – PAPA GRANDE PROJECT

 Section PG055

GABY – PAPA GRANDE PROJECT

 BxA

PPG-018 (53.30m)
Hydrothermal Breccia with volcanic and intrusive
clasts in Qtz – Act – Py – Cpy matrix
GABY – PAPA GRANDE PROJECT
 Stock work of Py in Mv

PPG-028 (115m)
Stock work and parallel vein of Py in Mv
GABY – PAPA GRANDE PROJECT
Au Free PPG-028 (62.45m)

Au

GABY – PAPA GRANDE PROJECT

Gaby Project (IMZ 55% - 100%) Combined Deposits
M&I Resource Estimate:
6.9 million Oz
(4.1 million Oz)
Guayaquil Inferred Resource Estimate:
140 km 2.8 million oz
N (1.76 million oz to IMZ)
Main Gaby Deposit
(55% to 100% IMZ)
M&I Resource Estimate
5.4 million Oz)
(3.3 million oz)

Under
Negotiation
Gaby Pit Outline

Ponce Enriquez
Papa Grande Deposit
(50% IMZ)
1 km M&I Resource Estimate
1.6 million Oz)
(0.8 million oz) Bella Rica
100,000 Oz Gold/year (veins)
GABY – PAPA GRANDE PROJECT
 TOTAL RECURSOS
Resources TONNES GOLD GOLD
(g/t) (oz)

Measured 91,600,000 0.60 1,900,000

Indicated 264,800,000 0.60 5,040,000

Total Measured & Indicated 356,400,000 0.60 6,940,000

Inferred 143,200,000 0.60 2,850,000

Note: Cuttoff of gold = 0.4 g/t

PROYECTO
GABY – PAPA GABY
GRANDE PROJECT PAPAGRANDE
 Pits proposed

GABY

PAPAGRANDE

GABY – PAPA GRANDE PROJECT

ENVIRONMENTAL
MANAGEMENT

GABY – PAPA GRANDE PROJECT

 ZONA DE VIDA, ECOSISTEMA Y CLIMA
•  Se encuentra en la parte baja y media de
la cordillera de Mollopongo y sus
estribaciones noreste y suroeste.
•  Es la divisoria de aguas de la cuenca del
río Tenguel y la micro cuenca del río
Guanache, con una topografía irregular y
en la mayoría con pendientes abruptas.
•  El clima es templado a cálido, con una
temperatura media de 22°C, con
presencia de neblina en varios meses del
año.
•  Precipitaciones intensas entre los meses de diciembre a abril, lloviznas tipo
garúa en los meses de verano, dando una precipitación anual de entre 1200 y
1700mm.
•  Evapotranspiración anual de 450mm, humedad relativa del 92 %.
•  Los vientos son tenues con un máximo de 22 kph, la dirección predominante
es E-SE. Estos datos son de la estación meteorológica de IMC, que se
encuentra en el campamento Gaby desde el año 2006.

GABY – PAPA GRANDE PROJECT

 BASELINE CHARACTERIZATION

HIDROLOGÍA METEOROLOGÍA AIRE

Estación Meteorológica DAVIS. Medidor de Gases,

Crowcon T:3

•  Monitoreo semanal de caudales - •  R e g i s t r o M e t e o r o l ó g i c o •  Monitoreo de calidad de aire

desde 2006. desde abril del 2006. desde el 2007.
•  Monitoreo trimestral de calidad de •  31 parámetros climáticos •  Medición de material
agua desde 2004. 45 puntos de con datos promediados cada particulado menor a 10
muestreo. 30 min. micrómetros (PM10).
•  Monitoreo de lixiviación natural de •  Medición de gases en espacios
las rocas de Gaby y PPG. confinados.

GABY – PAPA GRANDE PROJECT

BASELINE CHARACTERIZATION

MONITOREO
BIOTICO

•  Flora Fauna y macrobentos en

el agua

•  El monitoreo se lo hace en
presencia de la autoridad
ambiental.

•  Monitoreo Semestral (2 veces

por año)

GABY – PAPA GRANDE PROJECT

 ENVIRONMENTAL MANAGEMENT PLAN
Recurso Suelo

• Manejo de desechos sólidos.

ü  Producción de abono

orgánico.
ü  Clasificación para
reciclaje.
ü  Encapsulado de
desechos especiales.
ü  Recolección de pilas DEPÓSITOS PARA CLASIFICACIÓN DE
DESECHOS SÓLIDOS
usadas.

GABY – PAPA GRANDE PROJECT

 ENVIRONMENTAL MANAGEMENT PLAN
Seguridad Industrial

•  Conformación del comité de

seguridad.

•  Aprobación del reglamento de

seguridad e higiene.

•  Capacitación a trabajadores.
Ø  Protección y Seguridad.
Ø  Uso de EPP.
Ø  Primeros Auxilios.
Ø  Simulacros.

•  Entrega de EPP.

•  Señalética.

GABY – PAPA GRANDE PROJECT

SOCIAL RESPONSABILITY

GABY – PAPA GRANDE PROJECT

 AREAS DE INFLUENCIA

Directa
Indirecta

GABY – PAPA GRANDE PROJECT

 ACTION FIELDS

GOOD
LIVE

COORDINATE interinstitutionally

Strengthen local capabilities

The company contributes to the

Boost the economy development of communities with
tools for them to build their own
future.

39
GABY – PAPA GRANDE PROJECT
 Management Areas
•  EDUCATION
•  HEALTH
•  CULTURE
•  EMPLOYMENT. •  INFRASTRUCTURE
•  Local production systems.
•  AGRICULTURE PROMOTION OF
solidarity funds SOCIAL
•  CRAFTS DEVELOPMENT

ECONOMIC
strengthening

COMMUNITY
ENVIRONMENTAL
PROTECTION
•  ENVIRONMENTAL RESOURCES
•  MANAGEMENT •  LEADERSHIP
•  ENVIRONMENTAL PROTECTION MANAGEMENT
Environmental Monitoring

ORGANIZATIONAL DEVELOPMENT

40
GABY – PAPA GRANDE PROJECT
 Thanks

GABY – PAPA GRANDE PROJECT