|Tonnes (Mt)||Grade||Contained Metal|
|Silver (g/t)||Gold (g/t)||Silver (Moz)||Gold (Koz)|
*Historic Resource An independent “Qualified Person”, as defined in National Instrument 43-101 (“NI 43-101”), has not done sufficient work on behalf of Aftermath to classify the historical estimate as a current indicated mineral resource or inferred mineral resource, and Aftermath is not treating the historical estimate as a current mineral resource.
For full details please see the March 2015 43-101 Technical Report “NI 43-101 Technical Report for the Challacollo Silver Project, Region 1, Chile” QPs Mroczek, M., Collins, and M., Butler, S. of Mining Plus Canada Consulting Ltd. and Tapia, J.C., of Sedgeman S.A. Prepared for Mandalay Resources, available on he Mandalay Resources SEDAR profile.
CHALLACOLLO Acquisition Terms
Under the terms of the Challacollo LOI, as amended, the Company may acquire MMC for an aggregate of:
Mandalay to retain a 3% Net Smelter Returns royalty on production, up to a maximum of CA$3,000,000. The Company, by making an additional CA$500,000 payment, shall have the right to vary the February 28, 2021 payment by paying CA$3,000,000 on or before February 28, 2021 and an additional CA$3,000,000 payment on or before February 28, 2022. In each case, Aftermath will have the option to pay up to 50% of each payment in Aftermath shares, subject to Mandalay holding no more than 49% of Aftermath’s outstanding shares following each such payment.
Immediate Work Program
Long Section showing Lolón Vein, Potential areas along strike and down plunge
Very High Grade Parallel Veins are Not Part of the Lolón Vein Resource
CHALLACOLLO INFRASTUCTURE ADVANTAGES
Location and Project Lease Holdings
Epithermal Vein Deposit Model – Schematic Relative Position of Cachinal and Challacollo Ag-Au Deposits (modified after Magaw 2010,)