Centenario Gold Corp | Property Description & Location

Property Description & Location

Location & Access

The Eden Property is located in SE Sinaloa State, Mexico in the southwestern foothills of the Sierra Madre Occidental, 37 km E-SE of Cosala, an old mining town located 160 km north of Mazatlan and 160 km southeast of Culiacan, the capital of Sinaloa.

The Eden Property sits between Americas Gold & Silver’s ‘Nuestra Señora/San Rafael’ project to the northwest and Prime Mining Corp’s ‘Los Reyes’ project to the southeast.

From either Mazatlan or Culiacan (the capital of Sinaloa State) the drive to Cosala is 160 km on paved roads, 108 km along HWY-15, then 52 km on a secondary road to Cosala, altogether a 2 ½ to 3 hours drive. The Eden Property is located 37 km E-SE of Cosala, a small old mining town of about 17,000 inhabitants.

From Cosala, a moderately well-maintained dirt road trends southeasterly and accesses the southwestern part of the Eden Property, a 1.5-hour drive.

Mineral Concessions & Option Agreement

The Eden Property is composed of two contiguous and titled mineral concessions named El Eden and El Eden 1 that cover an area of 2488.9 hectares, and a recently-staked concession named Eden 2 that is 2430 hectares in size and adjoins the northern boundary of the El Eden 1 concession

CLAIM NAME	TITLE NO.	SIZE Ha.
El Eden	242537	1174.0
El Eden 1	245101	1314.9
El Eden 2*	Exp. 95/15245	2430.2	*title pending

On the 24th of March 2021, Centenario Gold Corp signed an ‘Exploration and Option to Acquire Mineral Rights Agreement’ with the concession owners of the Eden Property. The Agreement includes payment of US$700,000, staged over a 4-year period, distributed through yearly payments and a bulk cash payment at the end.

The Option Agreement also provides the concession owners with a 1% Royalty, or NSR, which the Corporation has an exclusive right to buy-out for US$1,000,000.

Exploration & Surface Rights

Most of the Eden Property belongs to the ‘Ejido’ of Tamazula, state of Durango, where the surface rights are held by a local agrarian association, or ‘Nucleo Agrario’, named ‘San Antonio del Cerro’, which forms part of the larger Tamazula Ejido.

On January 15th of 2022, Centenario Gold Corp and representatives of the community of ‘San Antonio del Cerro’ signed a formal exploration and right-of-way agreement allowing the Company to move freely anywhere across the property and to do any kind of mineral exploration and project development work, including drilling.

As requested by the Community, and promised by the Company, in February of 2022, Centenario Gold Corp completed the construction of a 4.2 km new road accessing the Community’s main village, ‘Las Millpas’, and the access road to Cosala.

Eden Project

CTG.V:

Gold:

Silver:

Project

Property Description & Location

Location & Access

Mineral Concessions & Option Agreement

Exploration & Surface Rights

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