Summary

Twelve near-surface porphyry targets have been identified on the Bellas Gate mineral concession to the north and east of 62 adits and shafts where the British were mining copper/gold epithermal veins in the 1800s. The Bellas Gate mineral concession is located along the Crawle River Fault Zone and is contiguous to the southeast with the Arthurs Seat mineral concession.

Location Map

Note: Copper equivalent (CuEq) calculation is for reporting purposes only and was determined based on CuEq (%) = Cu (%) + ((0.7079 × Au g/t) under metal price assumptions of Copper - US$3.00/lb, Gold - US$1,800/oz.  As the Bellas Gate project is an early-stage exploration project and there is insufficient metallurgical data to allow for estimation of recoveries, porphyry copper-gold recoveries are estimated based on multiple comparable porphyry-style copper-gold deposits (Alumbrera, Batu Hijau, Fish Lake, Mt Milligan, El Pachon, Agua Rica, Cerro Cassle and Skouries) which averaged 90% recovery for copper and 73% for gold.

Geology

Bellas Gate is located within the Cretaceous Central Inlier of Jamaica which has a geologic history of subduction, crustal thickening and tectonism that produced extensive mineralization throughout the Caribbean such as the Pueblo Viejo deposit containing more than 20 million ounces of proven and probable gold reserves (Barrick Gold Corp. website as at March 31, 2023). The Cretaceous rocks in the Caribbean are host to copper porphyries in Panama, Puerto Rico and Haiti, VMS copper, gold and silver in the Dominican Republic and epithermal gold systems in the Dominican Republic.

Significant Deposits within the Eastern Caribbean Plate

Gallery