Located in the Iron Quadrangle, Nazareno is an advanced-stage gold exploration project with more than 27,000 meters of drilling completed and an inventory of >500 koz Au. Ore leads the project with a focus on completing a Preliminary Economic Assessment (PEA) to unlock value and position the asset for development and mine construction.
Highlights
- Resource estimates reported under NI 43-101 format
- Favorable geological structure with resources open at depth and laterally, with significant regional upside
- Deep drilling (~600m) indicates continuity potential
- PEA underway with delivery expected by September 2025, in NI 43-101 format with independent QP
- Advanced environmental studies and geological modeling
- Gold price has appreciated significantly (~80%) since Ore’s initial investment in 2021
Key Applications
- Store of value (central banks, institutional investors)
- Jewelry and electronics
- Healthcare and industrial applications
- Strategic hedge against inflation and geopolitical instability
