Modern exploration of the Jasperoide began in 1994 when Southwest Gold Corporation (“SWG”) formed a joint venture with Cypress Mineral Company to explore the property. During 1994 and 1995, the JV completed 17 lines of IP (48,700m) and Magnetics (46,450m) and completed 14 diamond drill holes (2,689m). This drilling encountered a potentially economic Cu-Au skarn deposit in the central portion of the project area.
Near the end of 1995, SWG optioned the property to Cominco Peru S.R.L. who completed 13 diamond drill holes totaling 1,854 metres. This drilling expanded the size of the Cu-Au skarn deposit, suggesting that a significant Cu resource could occur within the project area.
Depressed metal prices discouraged further exploration of the Jasperoide Project until 2008 when Compañía Minera Ares, a Peruvian affiliate of Hochschild Mining PLC (“HOC”), acquired the project from SWG. Between 2010 and 2011, HOC mapped Jasperoide in detail and completed 44,550 metres of IP (15 lines) and 180,020 metres of magnetic surveys (67 lines). In February, 2011, began a diamond drilling program, consisting of 20 drill holes totaling 3,726 metres. This drill program further expanded the size of the Jasperoide Cu-Au skarn deposit and also identified a new zone of skarn hosted Cu-Au-Zn mineralization 650 metres NE of the main deposit.
HOC continued exploration drilling in 2012, completing five diamond drill holes totaling 1,935 metres. HOC also calculated an initial non-compliant (Canadian National Instrument 43-101) resource estimate for the Jasperoide Cu-Au skarn deposit.
In 2017, Latin America Resource Group (“LARG”) acquired the core of the Jasperoide Project (concessions Jasperoide 1- 3, Greatiam 10, and Greatiam 70) via an option agreement with HOC and a private Peruvian company. LARG expanded the land package to approximately 6,500 ha by directly acquiring six additional concessions (Jasperoide 4-9) giving the Company an enviable land package in a World-class copper metallogenic belt. LARG is in the process of permitting an aggressive exploration drilling program designed to confirm, expand and upgrade the copper and gold resources at Jasperoide leading to an updated resource estimate in late 2018. During February, 2018, LARG completed a re-logging program of all existing Jasperoide core and is designing a new metallurgical testing program for the deposit.