Cerro Chacon

Extensive vein networks of gold, silver and pathfinder elements. Assays up to 13 g/t Au in wide (up to 50m) and long (up to 6km) zones of epithermal veining

• The Cerro Chacon Project is located 40km south of Paso de Indios, Chubut – Argentina
• It consists of 413.5km2 of tenements with a number of significant gold/silver occurrences
• Structural mapping and geochemical sampling at Chacon Grid has identified an extensive mineralised system consistent with the surface signature at Cerro Negro Mine (reserves 5.8 million oz Au, 49.4 million ozs Ag)
• An IP survey has also identified a target very similar to Cerro Negro prior to its drilling
• Mineralisation host is low-sulphidation epithermal veins
• This veining is associated with structures:
• with varying degrees of argillic alteration
• are commonly 8-15 metres wide and
• can exceed >2km in length
• Multiple gold occurrences with grades up to 13g/t Au have been recorded in the veining indicative of potential high-grade at depth
• PRL has a geotechnical team undertaking:
• Detailed mapping and sampling
• Extending the grid for up to 6km along strike of the Chacon grid
• Gridding and completion of geophysical and geochemical surveys over the La Javiela prospect
• Geophysical and geochemical surveys joining the Chacon grid to La Javiela grids
• Gridding and pad preparation for subsequent drilling programme

• Drill programs are planned on the Chacon Grid and La Javiela prospects
• Detailed mapping, geochemical sampling and IP surveys are planned for multiple other targets
• Extensive vein networks of gold, silver and pathfinder elements
• Assays up to 13 g/t Au in wide (up to 40m) and
• Up to 6 km long zones of epithermal veining