LCL 2.86% 18.0¢ los cerros limited

Ann: 320m @ 1.5g/t gold drilled from surface at Tesorito, page-4

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    Drillhole TS-DH14 records higher grade intercepts within a 320m zone of porphyry style
    mineralisation grading 1.5g/t1 Au from just 2m below surface:

    ▪ 102m @ 2.11 g/t Au from 28m
    ▪ 30m @ 2.47g/t Au and 0.12% Cu from 262m within 60m @ 1.75g/t Au and 0.12%
    Cu from 250m.
    ▪ The 480 gram-metre gold intersection2
    starting from only 2m below surface is Los Cerros’ best
    porphyry intersection and comparable to the strongest gold porphyry intercepts in the MidCauca gold belt which hosts several multi-million-ounce gold and gold-copper deposits.
    ▪ Hole TS-DH14 dramatically increases grade and expands the Tesorito South higher-grade
    envelope closer to surface and at depth.
    ▪ Gold mineralisation remains open to the west and at depth below 300m.
    ▪ Holes TS-DH12 and TS-DH13 reinforces Tesorito North porphyry potential with TS-DH13
    intersecting 238m @ 0.48g/t Au including:
    ▪ 38m @ 0.70g/t Au from 44m, incl 10m @ 1.14g/t Au from 44m
    ▪ 16m @ 1.23g/t Au from 114m, and
    ▪ 30m @ 0.69g/t Au from 208m
    ▪ Two diamond rigs currently drilling at Tesorito South porphyry, third diamond rig drilling at the
    large Chuscal gold target, located 2km south of Tesorito.
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