Cascabel - Alpala deposit

The Cascabel Project is located within the Imbabura province of northern Ecuador, approximately 100 km north of the capital Quito and 50 km north-northwest of the provincial capital, Ibarra (Figure 4-1). The northern border of the project lies approximately 20 km south of the Colombia-Ecuador border, and 75 km southeast of San Lorenzo, located on Ecuador’s pacific coast.

Source: A technical report on an updated mineral resources estimate for the Alpala deposit, Cascabel project, Northern Ecouador (21 December 2018) page : 13

The Cascabel Project is easily accessible from Quito, the Capital city of Ecuador. International flights regularly arrive and depart from Mariscal Sucre International airport, 18 km east of Quito, from major carriers including KLM, Qantas, American Airlines and Lufthansa. From Quito, the Project is accessible via the multi-lane E35 Pan-American Highway to Ibarra (approximately 100 km) and connected to the northern margin of the licence (approximately 90 km) via the sealed two lane E10 highway that runs along the Rio Mira river valley. Driving time to the project offices at Rocafuerte is approximately 3.0 hours. Access to Alpala Camp within the Cascabel licence is via Carmen Road, a maintained two-lane dirt road from Rocafuerte Offices through Santa Cecilia village, to Carmen, The main exploration prospects within Cascabel are accessible via a series of maintained single lane dirt roads, as well as single lane 4x4 tracks and hiking trails off the Carmen road. Alpala Camp is approximately 12 km or 40 minutes’ drive from the Rocafuerte offices.

Source: A technical report on an updated mineral resources estimate for the Alpala deposit, Cascabel project, Northern Ecouador (21 December 2018) page : 20