The Las Lomas Project is located in the Department of Piura in northern Peru, near the border with Ecuador.

It consists of 43 mining concessions totaling 31,288 hectares.

Las Lomas is located in a region recognized for its mineral potential, where artisanal exploitation of gold has been carried out for decades in the province of Ayabaca, including the Project concessions in Pampalarga, San Sebastian and Sapillica. The Tambo Grande Cu-Zn-Au-Ag volcanogenic massive sulfide (VMS) deposit is located 50 km southwest of the Las Lomas Project. The geological and structural setting and certain features of the mineralization suggest that the existing mineralization in the project may be related to ore deposit models like epithermal gold, ±Cu- ±Au-±Mo porphyry associated with the intermediate composition intrusions related to the subduction process, and VMS linked to the submarine rift environment exposed in the area.

The Las Lomas area is sizeable, and hosts multiple areas of interest that appear to be related to various ore deposit models. The four key areas that Cautivo plans to focus on are:

Area Ore Deposit Models Commodities
Bolsa del Diablo Epithermal Gold±Cu-±Au-±Mo Porphyry Au, Ag, Cu
Hans Epithermal Gold±Cu-±Au-±Mo Porphyry Au, Ag, Cu, Mo
Tomapampa VMS Cu, Zn, Pb, Ag, Au
Sapillica Epithermal Gold Au, Ag, Pb

The Project is in the early stages of exploration. Exploration activities carried out on the Project included airborne magnetic surveys, geological mapping and rock sampling. The areas of Bolsa del Diablo and Hans have been the focus of a number of exploration campaigns carried out by previous owners. In Tomapampa and Sapillica, exploration activities have been more limited. Additional work is required to improve the knowledge and understanding of the mineralization found in the project.