Los Cerros Limited announced the results of Miraflores drill hole QMDH61. Miraflores hosts a Resource of 0.87Moz and is part of the 100% owned Quinchia Project, in Risaralda - Colombia. The Quinchia Project is a cluster of porphyry and epithermal gold/copper targets within a 3km radius, underpinned by established Mineral Resources of 2.6Moz @ 1g/t Au.

Miraflores drill hole QMDH61 was commissioned on the back of encouraging results from two very deep holes drilled earlier in 2022 that suggested Miraflores' mineralisation may extend beyond the base of the Miraflores Resource envelopes established in 2017. QMDH61 passed through altered wall rock basalts before entering mineralised breccia at 151.6m and continued through the breccia pipe for a total of 519.1m, ending at 670.7m in hydrothermal breccia. The breccia pipe, the host to the gold mineralisation, therefore remains open at depth and to the west, and beyond the previously modelled perimeter.

Of significant interest is the interpreted intersection of the depth extension of the vein 880 ore shoot, the principal ore shoot within the Miraflores Resource. This was intersected at 326.3m downhole, 70m below the Resource modelling, and reported 1.7 meters at 26.6g/t Au. This high grade ore shoot remains open at depth.

In addition, from 600m downhole, multiple occurrences of visible gold were logged within mineralised intervals: 0.4m @ 1.47g/t Au from 608.75m; 1.4m @ 1.68g/t Au from 614m, and 1.4m @ 9.68g/t Au from 623.5m. The presence of visible gold and certain breccia textures is indicative of a deeper gold mineralised boiling zone located below the known boiling zone-associated gold mineralisation which contributes to the existing Miraflores Resource. A boiling zone occurs where hot intrusive breccia encounters a water table, resulting in a sudden change of conditions leading to gold `dropping out' of solution as coarse grained, often visible, gold.

The deep intercept in QMDH61 is at similar RL (elevation) to historical intervals of interest, including drill hole QMDH17 (drilled in 2011) which also logged visible gold within a 2m interval grading 4.55g/t from 618m to end of hole at 620m4, again supporting the inference of a boiling zone at these lower RLs.