The Gratlspitz Project is located in the District of Kufstein in the Federal State of Tyrol. The project lies immediately to the east of Brixlegg (population ~3,000, altitude 530 m), in the Lower Inn Valley, the Inn River forming a tributary of the Danube. The Exploration Permit extends from the outskirts of Brixlegg and Rattenberg in the west, up scarps creating the eastern wall of the Innal Valley and southeast to encompass part of the Kitzbὒhel Alps. The Exploration Permit is composed of thirty-seven Freischurfe, covering a total area of approximately 15 km² (Figure 1). Additionally, it encompasses historic mine sites including Ramsberg and Theierberg.

Figure 1. Topography of the Leogang Project showing the location of the 30 overlapping freischürfe comprising this Project’s Exploration Permit.

The Schwaz-Brixlegg Mining District, is a renowned mining region and one of the richest silver producing centres during Medieval times.

The region is also a significant producer of copper and cobalt, won as an accessory mineral to historical silver and copper mining. Between 1420 and 1827, it has been estimated that some 190,000 tons of Cu and 2,600 tons of Ag were mined in this area. Cobalt occurrences are located at “Silberberg” (2 km south-southeast of Brixlegg), “Geyer “, which lies close to Zimmermoos, 2 km – 6 km southeast of Brixlegg, and on the flanks of Gratlspitz Mountain at elevations between ca. 900 m and 1800 m.

Mineral grades of up to 1.38% Co and 0.98% Ni have been noted. Reliable reports of ore grades mined in 1922 are Ag 140 g/t and Cu 2.17%. This project is not the primary focus of the Company’s immediate exploration program, but will be systematically explored over the next 5 years.




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