The Taguas Property is host to a high-sulfidation epithermal gold-silver system hosted in altered Tertiary age rhyolite volcaniclastic rocks.

Supergene-oxidized gold-silver mineralization occurs on the south half of the Taguas Property at Cerro Taguas Norte, Cerro Taguas Sur, Cerro III and Cerro IV (collectively also referred to as “Cerros Taguas”). The oxide gold-silver mineralization consists of subvertical, northeast striking mineralized structures in an envelope of lower-grade mineralization. The high-grade zones measure 1.5 m to 8 m wide and have lengths of 40 m to over 500 m. The high-grade zones consist of relatively continuous mineralization with gold grades ranging from 0.2 g/t Au to over 4.0 g/t Au and 10 g/t Ag to over 50 g/t Ag. Oxidation extends from surface to approximately 200 m below surface.

Sulfide (pyrite-enargite) gold-silver mineralization has been encountered on the north half of the property at Cerro Campamento, and Cerro Silla Sur. Intersections with grades of over 50 g/t Au and 100 g/t Ag have been encountered over down-hole lengths of 1.5 m to 5.0 m in discrete mineralized vein structures. This style of mineralization has been also encountered below the depth of oxidation in Cerros Taguas, generally below 150-200 meters.

Some possible indicators of copper-gold porphyry mineralization have also been found on the Taguas Property