Block 4

Block 4 is a 4,200 hectare property situated along the Domeyko Cordillera porphyry copper belt in northern Chile, which is host to some of the world’s largest copper deposits and mines. The property is located along a highly prolific segment of the Andean Cordillera, centred some 110 km south of the giant La Escondida (BHP Billiton & Rio Tinto) copper mining district. The primary target on the property is Rio Frio, which displays NNE-trending structures linked to the main Domeyko Cordillera fault zone. The Rio Frio alteration zone has porphyry copper characteristics and is associated with a dacitic quartz-eye porphyry intrusion displaying argillic alteration, quartz-sericite alteration and silicification, together with relict chalcopyrite and pyrite boxworks in leached surficial outcrops. Copper oxides are also present and extend into a post-mineral covered area to the northeast. EMX acquired a 1% NSR on the Block 4 property from Revelo Resources in 2020 (see EMX Press Release dated March 26, 2020). The property is currently operated by Pampa Metals Corp. (TSX-V: PM, “Pampa Metals”). Future exploration plans include completing several geophysical surveys to better evaluate the geology under the post-mineral gravel cover and drill testing of the best anomalies.