Technical Report on the Remedios Project — 2014

This 2014 technical report confirms that no metallurgical testwork or mineral processing studies applicable to the Remedios project had been completed. A 100-tonne-per-day mill exists on the separate San Pablo concession, but had not been operationally tested.

Report context

The Technical Report on the Remedios Project, effective May 15, 2014, prepared for Wolverine Minerals Corp., describes mineral processing and recovery methods solely by reference to a mill located on the San Pablo concession. The report states explicitly that San Pablo is not part of the Remedios project. No 43-101-compliant mineral resource estimates existed for the subject property as of the report date.

Processing route

San Pablo Mill (non-project facility)

The San Pablo mine hosts a 100-tonne-per-day mineral processing facility, which had been on care and maintenance for several years. During a December site visit, an engineer commissioned to review the mill reported it to be in good operational condition, but as of the report’s writing, no operational test of the mill had been completed. A mill flowsheet is referenced as Figure 17.1 in the report (after Minatura, 2011) but is not reproduced in the supplied text.

Metallurgical testing limitations

No metallurgical studies applicable to the Remedios project were available. A 2005 metallurgical study exists for the San Pablo mine, but the report stresses this study cannot be attributed to the Remedios project.

Known infrastructure

The Remedios project is located in and around the town of Remedios, Antioquia, Colombia. The San Pablo mine is a five-minute drive from the Otú Airport. The San Pablo Mill site includes:

  • 100-tonne-per-day ore processing facility
  • Gold refinery
  • Fire assay laboratory
  • Administration offices
  • 50-man camp
  • Tailings impoundment
  • Adequate space for tailings impoundment expansion
  • Sufficient space for milling operations

Additionally, the La Bartola mine,a developed mine on four levels with road access,has adequate space for surface mine facilities.

Key reported parameters

Parameter Value Basis
Mill nominal capacity 100 tonnes per day Design/nameplate (San Pablo mill)
Mill operational status Care and maintenance; no operational test completed Site inspection (December 2013–2014)
Metallurgical testwork (Remedios project) None applicable Report author statement
Metallurgical testwork (San Pablo) 2005 study exists; not applicable to Remedios Report author statement
43-101 resource estimate None Report author statement
Camp capacity 50 persons Design (San Pablo mill site)

Project website: https://ca.finance.yahoo.com/news/wolverine-minerals-acquire-interest-colombia-223000626.html

Technical qualifications

All processing-related information in the 2014 report refers to the San Pablo concession, which the report explicitly excludes from the Remedios project. No metallurgical studies, testwork, or resource estimates existed for the Remedios project itself. The mill flowsheet was not publicly released in the supplied report sections. The reported operational status (“good condition”) is based on a commissioned engineer’s review, not on a completed operational test. Historical testwork from 2005 on San Pablo material cannot be attributed to Remedios. No processing route, reagent scheme, or product specifications were defined for the Remedios project.

Source: Technical Report on the Remedios Project, Municipality of Remedios, Antioquia, Colombia, prepared for Wolverine Minerals Corp. Effective date: May 15, 2014; report dated July 9, 2014. Sections 13.0, 14.0, 17.0, 17.1, 18.0, 18.1, 18.2.

Mineral processing basics

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