Ripsey West

Laramide District, Arizona

Summary

The Red Top, Ripsey West and Pearl projects are located in the Laramide porphyry copper district in Arizona.  Nearby significant mines and large copper deposits, including Resolution and Superior East (Rio Tinto/BHP), Pinto Valley (Capstone Mining), Carlota (KGHM International), Ray (ASARCO), San Manuel-Kalamazoo (BHP) and Florence (Taseko).

The Ripsey West Project occurs in the Ripsey Mining District and is centrally located relative to several important porphyry copper deposits, including the Ray mine (twenty kilometers northeast) and the Florence deposit. Ripsey West is comprised of 95 unpatented mining claims and eight State of Arizona exploration leases covering over 6,477 acres. Previous exploration, including drilling by Conoco, Bear Creek, Noranda, BHP, and Freeport McMoRan, amongst others, focused on altered and mineralized outcrops hosting a porphyry dike swarm adjacent to Zacapa’s target areas. These outcrops contain distal chlorite-epidote and sericitic-styles of alteration over an area of about four by six kilometers with a central zone of moderate sericitic alteration. Structurally controlled, intense sericite alteration and variable concentrations of copper mineralization occur locally. Compilation of historical drilling data coupled with recent structural geologic analysis led to the recognition that the district is significantly tilted (approximately 90 degrees) and that the area of historical exploration represents a distal fault bound block associated with the side of a tilted porphyry copper system.  Zacapa are targeting the fault displaced core of the system that is interpreted to lie to the west of these altered outcrops, under shallow alluvial cover. Ripsey West is drill ready and permitted.