Vetas Project

Historical Drilling

2024-2025 Underground Channel Sampling at Vetas Gold Project.

Vetas Project

2025 Underground Channel Sampling

In 2025, Vetas performed a two-phase underground channel sampling program of the artisanal tunnels between December 18 to 26, 2024 and January 14 to 19, 2025 and additional sampling on February 13, 2025. This sampling work was done in the mineral tenures of San Bartolo, Santa Isabel, La Peter, Los Delirios, Arias, El Dorado and La Triada.

Sampling was mainly carried out from hydrothermal breccias, and veins being mined in the underground artisanal mine labors. Altered host rock samples adjacent to veins were also collected. Samples yielded values ranging from 0.01 g/t Au to 65.60 g/t Au.

Noticeable sample results include:

  • 0.4 m at 18.8 g/t Au and 21.5 g/t Ag and 0.7 m at 15.8 g/t Au and 64.3 g/t Ag from Delirios 2.

  • 0.6 m at 14.8 g/t Au and >100 g/t Ag from Delirios 5.

  • 0.6 m at 65.6 g/t Au and >100 g/t Ag from Peter 3 and 0.5 m at 16.15 g/t Au and >100 g/t Ag from Peter 3.
  • In summary, a total of 2,593 rock samples including rock grabs, channels, and linear rock chips in the Vetas Gold Project and its vicinity have been collected.

  • Gold assays range from below detection up to 667 g/t Au. Between 2009 and 2014, CB Gold collected 1980 samples while between 2016 and 2017 and Red Eagle collected 613 samples.

  • A total of 1533 rock samples were collected within the current boundaries of the Vetas Gold Project. 

In 2023, a rock chip channel sampling program was carried out, mainly focused on the mining title number 16725 (La Triada). A total of 19 rock samples were collected at the La Triada 3 tunnel by Minera Vetas in February 2023. The Triada Mine is characterized by gold and silver mineralization in parallel veins/breccias ranging from 10 to 30 cm thick with a longitudinal continuity for more than 300 m trending NEE dipping 45° to -55° to the NNW.

  • Sample results yielded assays from 0.027 g/t Au to 6.079 g/t Au from a 1.0 m channel sample.

  • Other noticeable results from these samples included: 1.0 m at 5.471 g/t Au and 44.30 g/t Ag, 0.40 m at 4.153 g/t Au and 25.6 g/t Ag. The sample results are reproduced below.

2023 Sampling Results at La Triada

*True thickness is interpreted to be approximately 60-70% of drilled width

2023 Underground Channel Sampling

Vetas Project

Historical Drilling

From November 2010 to November 2013, CB Gold completed a total of 162 diamond drill holes, totaling 71,035 m on the Veta Gold Project. Due to the high-relief of the project area, and to increased delineation efficiency, multiple drill holes were completed from individual drill platforms, as summarized in the table to the left.

Past Exploration:

  • Work at the Vetas Gold Project, a subsidiary of Terra Rossa, executed an initial sampling program in its mining tenures near the town of Vetas, Santander, focused on La Triada mine workings in 2023, and between December 2024 and February 2025, a more extensive sampling program, within underground artisanal mine labors developed by informal artisanal mine workers.

  • Total costs of exploration programs carried out between February 2023 to March 2025 were CAD$104,079. Terra Rossa has not carried out any mining exploration work of its own within the Veta Gold Project.

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