Santa Barbara Property, Colombia
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June, 2019 - Technical Report Santa Barbara Property, Colombia GEOLOGICAL REPORT ON THE SANTA BARBARA PROPERTY Licence IEV-16061C2 San Martin de Loba Municipality Bolivar Department (Colombia) -Prepared for- Malabar Gold Corp. 2001-1177 West Hastings Street Vancouver, British Columbia, V6E 2K3 -Prepared by- T.N.J. Hughes, P. Geo., P. Geol. Antediluvial Consulting Inc. Vancouver, British Columbia, Canada 26th June, 2019 June, 2019 - Geological Report Santa Barbara Property, Colombia GEOLOGICAL REPORT ON THE SANTA BARBARA PROPERTY Table of Contents 1 EXECUTIVE SUMMARY ..................................................................................................................... 1 2. INTRODUCTION & TERMS OF REFERENCE ........................................................................... 3 3. RELIANCE ON OTHER EXPERTS .................................................................................................. 6 4. PROPERTY DESCRIPTION AND LOCATION ............................................................................ 7 4.2 Legal Framework ........................................................................................................................................... 11 5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ..................................................................................................................................... 23 6. HISTORY ............................................................................................................................................... 24 7. GEOLOGICAL SETTING & MINERALISATION .................................................................... 25 7.2 PROPERTY GEOLOGY ............................................................................................................................. 43 8. DEPOSIT TYPES ................................................................................................................................. 50 9. SANTA BARBARA PROPERTY EXPLORATION .................................................................... 51 9.2 Exploration and Prospecting Results ......................................................................................................... 51 10. DRILLING ........................................................................................................................................... 56 11. SAMPLE PREPARATION, ANALYSES & SECURITY ........................................................ 56 12. DATA VERIFICATION ................................................................................................................... 56 13. MINERAL PROCESSING & METALLURGICAL TESTING ............................................. 56 14. MINERAL RESOURCE ESTIMATES ........................................................................................ 57 15. MARKET STUDIES & CONTRACTS ......................................................................................... 57 16. ENVIRONMENTAL STUDIES, PERMITTING, & ................................................................. 57 SOCIAL OR COMMUNITY IMPACT ................................................................................................ 57 17. ADJACENT PROPERTIES ............................................................................................................. 58 18. OTHER RELEVANT DATA & INFORMATION ..................................................................... 72 19. INTERPRETATION & CONCLUSIONS .................................................................................... 73 20. RECOMMENDATIONS ................................................................................................................... 74 21. REFERENCES .................................................................................................................................... 75 22. DATE AND SIGNATURE PAGE................................................................................................... 80 CERTIFICATE OF QUALIFIED PERSON ....................................................................................... 81 ASSAY RESULTS .................................................................................................................................... 82 1 June, 2019 - Geological Report Santa Barbara Property, Colombia LIST OF FIGURES Figure 1 Property Location Map. Property epicentre – red. ........................................................ 7 Figure 2 Santa Barbara (Red), within San Martin de Loba Municipality, and Rio Viejo (Blue), Bolivar Department. ................................................................................................................... 8 Figure 3 Property Location - Red Dot. Rio Viejo - Blue ............................................................. 9 Figure 4 Property Location, with access roads.............................................................................. 10 Figure 5 Property Title Information .............................................................................................. 19 Figure 6 IEV16061 Title and Santa Barbara Project area (Title IEV16061C2) locations ........ 20 Figure 7 Title Information including adjacent properties ........................................................... 21 Figure 8 Santa Barbara Property (IEV-16061C2) ........................................................................ 21 Figure 9 Title/Holding Information ................................................................................................ 22 Figure 10 Geodynamics of NW South America ............................................................................. 25 Figure 11 Tectonic Realms from Cediel et al., 2003 ..................................................................... 28 Figure 12 Northern Andean Geology and Property Location ..................................................... 29 Figure 13 Generalised transect across Colombia .......................................................................... 30 Figure 14 San Lucas Block .............................................................................................................. 31 Figure 15 Colombian terranes ........................................................................................................ 32 Figure 16 The Chibcha Terrane ..................................................................................................... 33 Figure 17 Regional geology of the SLR and faulting .................................................................... 34 Figure 18 Simplified Kinematics, NW South America ................................................................. 36 Figure 19 Regional Faulting ............................................................................................................ 38 Figure 20 Santa Marta-Bucaramanga Fault system ..................................................................... 39 Figure 21 Regional Geology ............................................................................................................ 41 Figures 22, 23 Ingeominas geology Plancha 86. Barranco de Loba. .......................................... 44 Figure 23 Chip sample of Esperanza-Barbara Vein ..................................................................... 47 Figures 24-26, grabs of high grade sulphidic vein material ......................................................... 47 Figure 25 a,b Property Location, with vein trends. ...................................................................... 53 Figures 26 Overleaf, Sampling Locations ...................................................................................... 53 Figure 27 A cross-section of the workings ..................................................................................... 59 Figure 28 La Esperanza mineralisation ......................................................................................... 60 Figure 29 Level 1 Chip sampling .................................................................................................... 61 Figure 30 Level 2 Chip sampling Looking South-West ............................................................... 62 Figure 31 Level 2 topography & sampling ..................................................................................... 62 Figure 32 Level 3 sampling .............................................................................................................. 63 Figure 33 La Cabana ore ................................................................................................................. 64 Figure 34 & Figure 35 2016 main gold vein at La Cabana Gold Mine ....................................... 65 Figure 36. A flow chart for mill operations (2018) ....................................................................... 68 Figure 37 Mill and Processing Plant ............................................................................................... 69 Figure 38 Camp Site, Office Images from MGC files. ................................................................. 70 Figure 39, Environmental License approval to operate the mill and plant. From MGC Files, March 2018 ............................................................................................................................... 71 2 June, 2019 - Geological Report Santa Barbara Property, Colombia LIST OF TABLES 1. Co-ordinates of Title .........................................................................................................18 2. Sample Location