POLANCO PROJECT

(Tarapacá, Chile – 100% Torino)

Polanco - a Large Undrilled Porphyry Copper-Gold Target

STRATEGICALLY LOCATED

  • Located in the premier porphyry copper belt of Northern Chile, 22km NE of BHP’s Cerro Colorado copper mine in a brownfields mining district

  • Torino holds 100% of approximately 2,900 hectares of mineral rights (without royalty) in an area surrounded by majors

  • Potential to host mineralization in the multi-hundred-million-tonne range

NEAR TERM DRILLING PLANNED

  • Since acquiring Polanco in June 2022, Torino has secured access to drill with the surface owner and is conducting a geophysical program prior to drilling currently scheduled for Q4 2022

FAVOURABLE GEOLOGY

  • Subcropping porphyry copper occurrences characterized by typical hydrothermal alteration and quartz stockworking over a 2x2 km areal extent

  • Rock sampling has identified highly anomalous copper and gold values at surface

  • Age dating confirms the outcropping porphyry is of a similar age to the neighbouring Cerro Colorado mine, and a zircon study suggests the presence of a fertile magma for productive porphyry development

Rock Chip Geochemistry

Lithology and Alteration