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The Pico Machay High Sulphidation Epithermal (HSE) Gold Project:
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Successful financing of $ 3.3 million;
brokered private placement by Sprott Securities Inc & Dundee
Securities Corporation.
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Resource Calculation
580,000 oz Gold (Inferred Category), comprised of:
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Combined Zone: 15,925,000 Tonnes @ 0.85 g/t Au
o
Sulphide Zone: 8,900,000 Tonnes @ 0.51 g/t Au
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Drill Out, Metallurgical Testing and Engineering
studies in progress
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Low Strip, Low Cost: Mineralization is:
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Near Surface >>> Low Strip Ratio
o
Oxide >>> Heap Leachable
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Low Strip, Low Cost: Project Economics:
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Low Capital
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Rapid Payback
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The Chaparra Gold Project:
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High Grade Vein District in Southern Peru
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8.8km of veins (8 known veins)
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Previous small scale mining averaged 0.53oz/t Au
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ABS sampling from underground drifts:
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52m by 1.5 m @ 13.3 g/t Au
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High Grade cut to 1oz/t Au
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Exploration Agreements:
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Agreement with AngloGold Exploaracion Peru S.A.C.,
to acquire the rights to all AngloGold’s
exploration projects within Northern Peru:
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AngloGold package includes data covering 91
prospects
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Staking of the Hualatan Project: Large (10km by
2km) epithermal gold system
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104 samples averaging 2.3ppm Au over 2km strike
length
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Agreement with Minera Phelps Dodge del Peru, to
acquire exploration data package for Southern Peru
(approx. 248,000 square kilometres)
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