El Foco (Venezuela), Alcaravan Gold Project

El Foco (Venezuela), Alcaravan Gold Project

Zaruma Resources Inc.
El Foco (Venezuela), Alcaravan Gold Project
- Upside for the Company
February 2006
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EL FOCO PROJECT (VENEZUELA)
Alcaravan Gold Project
(El Foco, Venezuela)
q Heap leach gold project
with considerable upside
potential
q Located in historical
highly productive and
gold prospective
Chicanan-El Foco
Greenstone Belt.
q Dirt road access.
q Existing site office and
camp.
q
Large data base (ex
Homestake property)
q 13,700 hectares,
100% Zaruma owned.
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EL FOCO CAMP
q Established Local Infrastructure (ex Homestake Camp):
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to Alcaravan: 3 km
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ALCARAVAN
to Camp: 3 km
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Zaruma: Alcaravan Heap Leach Pilot Gold Project
q Open pit, saprolite gold resource
N
with 1,035,000 tonnes measured
and indicated resources
grading 2.8 Au g/t (100,000 oz.),
NI 43-101, P&E Mining Consultants
q
Excellent leach results (KCA).
q
Stand-alone, attractive
20,000 oz pa pilot gold heap leach
project
Block Grades:
§
§
§
0.65 g Au/t - 1.0 g Au/t
1.0 g Au/t - 2.0 g Au/t
50 m
> 2.0 g Au/t
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El Foco & Alcaravan: Considerable Upside Potential
q Extensive untested gold anomalies.
q Alcaravan: 100.000 oz in saprolite to
a depth of 60 metres.
q Potential for additional saprolite
resources.
q Untested primary gold potential, for
example, Zaruma drilled below
Alcaravan saprolite, high grade gold
intercepts:
- Al32-04: 6.0 m @ 43.0 Au g/t
incl. 1.0 m @ 130.2 g/t
- Al35-04:1.5 m @ 11.5 g/t
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EL Foco Strategy
q Complete the economic evaluation and Technical Report on Alcaravan, field work by
Kappes, Cassiday and Associates (KCA) and P&E Mining Consultants was completed
early 2005
q File an application for a mine construction permit with Venezuelan authorities,
describing Alcaravan as a pilot project.
q Success or encouraging signs with the permitting process supports farm-out
discussions or further own work in the future, including further exploration
q Alcaravan Pilot Project should satisfy new official guidelines for mining projects:
-- Technology Transfer: the first modern heap leach operation in Venezuela
-- Creation of jobs
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