Exploration

The Mercedes property is located at the convergence of discrete porphyry, epithermal & orogenic belts – a highly prospective environment that is largely unexplored outside of the Mercedes mine deposits.

Mercedes exploration efforts have primarily focused on underground Mineral Resource extension and infill drilling.

Initiatives to identify new near-mine and district-wide exploration targets were undertaken in 2024. This included re-interpretations of the challenging structural setting and resulting understanding of controlling influences on mineralization within the Mercedes district. This information was integrated with results obtained from a Machine Learning application, reprocessing of historic aeromagnetic survey data, ground-based geochemistry and new geological observations. In addition to previously identified exploration targets, these initiatives resulted in the identification of six new high priority brownfield targets and eight greenfield targets within the Mercedes concessions.