Precious Metals Division - Carhuaz

The Carhuaz prospect is composed of 5 concessions totaling 3,400 hectares. It is located at the village of Huellapampa, about 45 kilometres northwest of the city of Huaraz and about 30 kilometres northwest of Barrick’s Pierina gold mine (Figure 11). It is adjacent to claims held by Barrick and other concessionaires. Elevation averages about 4,200 m asl.

According to Inca Gold, the geology of the property is made up sandstone/quartzite of the Chimu Formation and limestone of the Santa Formation, overlain by Calipuy volcanics, intruded by granodiorite of Tertiary(Miocene)-age. Zones of silicification and argillic alteration are found at the intrusive contacts with the sedimentary and volcanic rocks.

Inca Gold reports that preliminary sampling (40 samples) returned anomalous gold and silver values from the intrusive/sediment-volcanic contacts, with an average gold value of 1 g/t.