Alamos

  • Project Alamos
    Commodity Primary: Silver
    Secondary: Gold, Copper, Lead, Zinc
    Location Southern Sonora
    Nearest City 8 km west of city of Alamos
    Nearest Major Mining Projects 45 km northwest of Pan American's Alamo Dorado silver mine
    15 km south of Cobre Del Mayo's Piedras Verdes copper mine
    Drilling

    42,317 m drill program complete (Phase I & II)

    Commenced an ongoing underground mine rehabilitation program

    Geology Epithermal vein system
    Land Package 37,928 has
    Exploration Highlights

    Hole AL 17-007
    8.25 m of 1,760 g/t Ag, 1.6% Cu, 1.5% Pb, and 2.6% Zn incl. 2.2 m of 5,098 g/t Ag, 2.76% Cu, 0.5% Pb, and 1.18% Zn

    Hole AL 17-004
    20.15 m of 154 g/t Ag, 0.5% Cu, 2.3% Pb, 6.8% Zn

    Hole AL19-018
    0.95 m of 425 g/t Ag, 0.32% Cu, 3.17% Pb, 1.31% Zn

    Hole AL19-025
    3.80 m of 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn incl. 0.95 m of 1,566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn

    Hole AL 20-042
    3.50 m of 404 g/t Ag, 0.54% Cu, 1.30% Pb, 1.81% Zn incl. 1.15 m of 999 g/t Ag, 1.29% Cu, 2.98% Pb, 2.98% Zn

    Hole AL 20-046
    5.10 m of 769 g/t Ag, 0.76% Cu incl. 3.10 m of 1,197 g/t Ag, 1.04% Cu  

    Hole AL 20-047
    6.35 m of 356 g/t Ag, 0.39% Cu, 0.42% Pb, 0.57% Zn incl. 0.70 m of 2090 g/t Ag, 1.98% Cu, 2.51% Pb, 2.43% Zn 

    Hole AL21-099
    9.90 m @ 609 g/t Ag; incl. 0.90 m @ 1,145 g/t Ag, 0.50 m @ 2,260 g/t Ag, and 0.50 m @ 2,360 g/t Ag

    Access & Infrastructure Paved and gravel roads, mining labour force, power and water.  Permitted through to construction allowing surface exploration and mining production activities.
    Project Interest 100% Owned

    Project

    The 100% owned Alamos silver project has a unique advantage as being granted by the Mexican Federal Environmental Authority ("SEMARNAT") an Environmental Impact Statement ("MIA”) for the development allowing for surface exploration and mining production activities, including the construction of drill pads, clean-up of preexisting roads, and the rehabilitation and reactivation of historical underground mine workings.  It contains a wide, high-grade epithermal vein system hosted by Cretaceous limestone, Laramide batholithic intrusive rocks and Tertiary volcanic rocks. The system produced approximately 200 Moz of silver from the time of the first Spanish discovery around 1682 to the 1910-1920 Mexican Revolution from three separate mines. Historical reports indicate mine widths of up to 20m grading in excess of 2,000 g/t silver and 3-4% copper.  In the latter part of the 19th century, silver production from the district supported a mint in the nearby town of Alamos.  Mining activities diminished just before and during the 1910-1920 Mexican Revolution, with the Zambona mine shutting down by 1925.  Various operators attempted to revive the mines during the 20th century, but with only minor production, mostly from the re-working of mine dumps (see 43-101 Technical Report titled Alamos Project - June 8, 2021 on SEDAR). 

    Minaurum recently acquired historical data including mine maps, sections and assay results of 40 holes (6,099 m) drilled in multiple surface and underground exploration campaigns that occurred from the 1960s through the early 1980s.  The exploration programs were focused on the historic Promontorio and Minas Nuevas underground mines that closed in 1898 and 1912, respectively.  The majority of these historical holes cut broad widths of high-grade silver, the best include: Hole U-3 that cut 4.6 m grading 2,838 g/t silver and Hole U-5 that cut 11.3 m of 785 g/t silver.  The drill results indicate that the historically mined deposits included multiple veins that continue both down plunge and along-strike.  At Promontorio, drill holes intersected mineralization over 50 m below the historic mining level and indicate an aggregate 735 m strike length of mineralization. (please see News Release February 6, 2020).

    Minaurum commenced the first systematic exploration program over the district. The Phase I program consisted of consolidation of the district, systematic geological mapping and geochemical sampling of the land package, identification of 26 vein zones over a footprint measuring 11 km by 6 km, and a drill program totaling 18,810 m in 40 holes that has tested 19 of the vein zones.  Thirteen of the nineteen vein zones drilled returned high-grade silver intercepts demonstrating that mineralization occurs throughout the vein system.

    Phase II drilling commenced in July 2020 and drilled an additional 40 holes totaling 14,099 m, before pausing in December 2020.  The holes were drilled in systematic 75-150 m step-outs from Phase I intercepts.  The Phase II program resumed in June 2021 and completed at the end of 2021.  An underground mine rehabilitation work program recently commenced to gain access to unmined areas and further identify additional target veins.

    Alamos hosts excellent infrastructure with the central area (Quintera-Promontorio vein zones) permitted from exploration through to production. The project lies 8 km west of the city of Alamos, 45km northwest of Pan American's Alamo Dorado silver mine, and 15 km south of Cobre Del Mayo's Piedras Verdes copper mine. The project is 37,928 hectares.

    Project terms include cash and share payments including i) CDN $2,600,0000 in cash ii) 6,000,000 Minaurum shares and iii) minimum CDN $3,000,000 in exploration expenditures.  Minaurum has fully satisfied all obligations of its option agreement and has vested 100% ownership, and made a final payment of CDN $300,000 cash and 443,628 shares (please see Minaurum news release dated August 31, 2022). 

     

  • Permitted

    The Mexican Federal Environmental Authority ("SEMARNAT") issued an extension of the Environmental Impact Statement ("MIA”) for the development of Minaurum’s 100% owned, fully production permitted Alamos Silver Project (“Alamos”) in the State of Sonora, Mexico. The extension allows surface exploration and mining production activities, including the construction of drill pads, clean-up of preexisting roads, and the rehabilitation and reactivation of historical underground mine workings.

    • Long Term Validity: Alamos’ mining permit was granted on December 13, 2013 and is valid for a period of 30 years starting on the date of the notice of commencement of Minaurum’s exploration activities to SEMARNAT, the National Commission for Protection of Natural Areas (CONANP), and the Federal Attorney for Environmental Protection (PROFEPA), which occurred on October 18, 2016.
    • Phased Exploration, Exploitation and Production Activities:  The permit consists of two phases.  Phase 1, originally scheduled for 5 years and extended until August 10, 2025, includes surface exploration, the reactivation of historical mines, the temporary storage of mineralized material and equipment outside of mine entrances, and the transportation of mineralized material to a stockpile area.  Phase 2 will consist of a mine production plan to be developed and submitted to SEMARNAT before the end of the extended Phase 1 period.  Minaurum controls 15 mining concessions covering the core 5,976 hectares and an additional 31,952 hectares that lie to the west and south of the core area. 
    • Standard Use Requirements:  A small portion of Alamos project lies inside the Sierra de Alamos-Río Cuchujaqui Flora and Fauna Protection Area (“ANPFF”), which is administered by CONANP.  The SEMARNAT mining permit applies within the area, with certain additional conditions and restrictions.  Mineralized material may be mined but only stockpiled temporarily on land within the ANPFF and then must be processed outside of the ANPFF boundaries.  Non-temporary equipment maintenance, service, and supply facilities must also be located outside of the ANPFF boundaries. 
    • Environmental Studies:  Plant and animal species must be monitored.  Minaurum has submitted reports on monitoring of flora and fauna in compliance with the requirements of the protected area.  Minaurum has conducted baseline studies on bat populations in relation to exploration activities concluding that there should be no material impact from future mining activities, see here for video - https://minaurum.com/investors/esg/.

    Please see Minaurum news release dated June 26, 2023.

    Geology

    Upper Jurassic–lower Cretaceous limestone is the oldest known lithologic unit in the Alamos district.  A late Cretaceous batholithic complex composed of granodiorite, granite, aplite, and dacite porphyry intrudes the limestone, subjecting it to extensive recrystallization and skarn-hornfels alteration.  A several hundred metre-thick sequence of Tertiary andesitic lavas and coarse agglomerates overlies the limestone-granodiorite basement package.  Bedded pyroclastic rocks overlie the lava/coarse agglomerate group.  These are andesitic in the lower part and their upper part is composed of a thick rhyolite ignimbrite.

    Intermediate to felsic dikes cut the basement and volcanic rocks. 

    North-northeast/south-southwest faults and fractures dominate the structural grain of the Alamos district.  The NNE/SSE faults bound a series of horsts and grabens, form striking topographic linears have hundreds of metres of stratigraphic seperation, and form the host structures for most of the known precious metal-bearing vein zones.  These faults form the primary structural control of all of the significant past producing mines.  Northwest/southeast-trending faults, which appear to be related to older regional structures (and older than the NNE-SSW faults).  Both sets of faults appear to have been periodically reactivated. 

    Cobre del Mayo’s Piedras Verdes porphyry copper mine lies about 16 km to the NNE of the central part of the Alamos district, along the projection of the main fault trend. 

    Low-sulfidation silver and base-metal mineralization occurs in epithermal veins emplaced along the NNE-SSW striking fault zones and within fault-bounded blocks.  Multiple phases of vein emplacement and fault movement are evidenced by cross-cutting veins and breccias.  Historically mined high grade mineralization occurs in steeply plunging shoots.  Records of the La Quintera mine show that the mined shoot plunged steeply to the southwest for more than 450 m.   Its horizontal dimensions were approximately 250 m long along strike and up to 20 m thick (see Minaurum news release dated February 6, 2020)

    Exploration Methodology

    Minaurum Director and Co-Founder Dr. Peter Megaw and VP Exploration, Mr. Stephen Maynard developed a “Piano-Key” faulting model based on the historical mines at Alamos to drive the exploration program at the Alamos project. In this exploration model, faulting generates a series of parallel elongated multi-kilometre long fault blocks that alternate as up and down-thrown blocks.  Just like a piano, veins in the high-standing blocks (black piano keys) were eroded to a deep level (as in the historically mined parts of the district) and veins in the down-thrown blocks (white piano keys) were protected from erosion so that narrow stringer veins on surface in the down-thrown blocks may be indications of intact economic veins at depth.  This model indicates that the narrow stringer veins seen on the surface throughout Alamos, may just be the upper extreme portions of intact veins lying at depth. 

    Minaurum's exploration program, analysis and interpretation of the results further explains why production only occurred at the core part of the Alamos project. In the core area (La Quintera and Promontorio), up-thrown blocks had high grade portions of veins exposed on surface leading to their development. Down-thrown blocks to the west and east are exposed on surface at a higher level (or not at all in the case of blind veins).  Exposed at a higher level, these veins are spottier or lower grade and as such were not put into production.  “Blind” veins were intersected in holes AL17-007 and AL17-008, confirming the “Piano-Key” model of veins with little or no surface expression in down-dropped blocks.  See below for photo illustration demonstration the 'Piano-Key' model.

     

     

    Minaurum geologists have covered more than 75 sq km with detailed geological mapping and the geochemical database has more than 1500 rock samples.  Company geologists have identified 26 vein zones in the Alamos district; surface mapping, sampling, and vein zone identification are on-going.  

    In the Phase I - 40 hole,18,810m drill program, Minaurum's strategy was to drill each of the identified vein zones with one to three long (400-600 m) holes drilled at shallow angles across the intervening blocks to maximize chances of cutting the identified zones close to perpendicularly and to maximize the chance of encountering mineralized vein zones in intervening down-dropped fault blocks.  The purpose was to prove 'district-scalability' and identify new vein zones outside of the historic area.

    The Phase I program proved successful in expanding the mineralized zones and returning high grade silver intercepts. Minaurum's exploration team successfully expanded the Alamos district footprint to 11 km x 6 km or 6,600 hectares, which is only 17% of the total concession package with 83% yet to be systematically explored.  Nineteen of the 26 vein zones were drilled with 13 returning high grade silver intercepts. 

    Phase II drilling commenced in July 2020 and drilled an additional 40 holes totaling 14,099 m in systematic 75-150 m step-outs from Phase I intercepts.

    26 Veins Mapped at the Alamos Project

    August 2016

    August 2022

     

    Exploration Highlights

    Drill Results
    Vein System Known Strike Length (m) Best Drill Intercept
    Minas Nuevas 1500 9.90 m @ 609 g/t Ag; incl. 0.90 m @ 1,145 g/t Ag, 0.50 m @ 2,260 g/t Ag, and 0.50 m @ 2,360 g/t Ag (Hole AL21-099)
    Europa-Guadalupe 2500

    6.35 m of 356 g/t Ag, 0.39% Cu, 0.42% Pb, 0.57% Zn incl. 0.70 m of 2090 g/t Ag, 1.98% Cu, 2.51% Pb, 2.43% Zn (AL20-047)

    3.50 m of 404 g/t Ag, 0.54% Cu, 1.30% Pb, 1.81% Zn incl. 1.15 m of 999 g/t Ag, 1.29% Cu, 2.98% Pb, 4.15% Zn (AL20-042)

    3.85 m @ 342 g/t Ag, 0.76% Cu, 1.03% Zn; including 0.80 m @ 1,185 g/t Ag, 2.19% Cu, 1.2% Zn (AL20-054)

    3.25 m @ 196 g/t Ag, 178 ppb Au, 0.26% Cu, 0.35% Pb, 1.10% Zn including 0.55 m @ 784 g/t Ag, 552 ppb Au, 1.05% Cu, and 2.49% Zn (AL20-050)

    Promontorio 1200

    5.1 m of 769 g/t Ag, 0.76% Cu; incl. 3.1 m of 1,197 g/t Ag, 1.04% Cu (AL20-046)

    2.9 m of 636 g/t Ag, 495 ppb Au, 1.36% Cu, 3.85% Pb, 7.18% Zn (AL20-044)

    1.75 m of 144 g/t Ag, 610 ppb Au, 4.15% Pb, 9.10% Zn (AL20-043)

    3.70 m @ 528 g/t Ag, 819 ppb Au, 0.83% Cu, 2.43% Pb, 1.47% Zn, including 1.05 m @ 1,203 g/t Ag, 2.45 g/t Au, 1.42% Cu, 5.08% Pb, 2.80% Zn (AL20-064)

    4.00 m @ 161 g/t Ag, 0.5 g/t Au, 0.24% Cu, 2.15% Pb, 5.92% Zn, including 1.00 m @ 327 g/t Ag, 0.9 g/t Au, 0.23% Cu, 2.53% Pb, 6.62% Zn (AL20-069)

    Nueva Europa 2100 1.20 m @ 542 g/t Ag, 0.28% Cu, 0.44% Pb, 0.88% Zn (AL17-007)
    Amalia 980

    1.30 m @ 1.73% Pb, 1.99% Zn (AL18-012)


    0.25 m of 113 g/t Ag, 150 ppb Au, 0.29% Cu, 2.60% Pb, and 5.74% Zn (AL19-019)

    San Jose 2500

    9.60 m @ 198 g/t Ag, 0.22% Pb, 0.88 % Zn (AL18-015)

    4.45 m @ 314 g/t Ag, 0.27% Cu, 0.19% Pb, 0.20% Zn (AL20-066)

    2.15 m @ 460 g/t Ag, 0.15% Cu, 0.47% Pb, 0.85% Zn (AL20-075)

    Tigre 1000 0.90 m @ 391 g/t Ag, 0.42% Pb, 0.29% Zn (AL18-012)
    Ana 3400 2.85 m @ 25 g/t Ag, 2.29% Pb, 10.58% Zn (AL18-011)
    Travesia 880 9.60 m @ 88 g/t Ag, 0.24% Cu, 0.37% Pb, 0.33% Zn (AL17-008)
    El Creston 1900 0.20 m @ 20 g/t Ag, 0.85% Cu (AL18-014)
    Europa Sur 1000 0.95 m @ 425 g/t Ag, 0.32% Cu, 3.17% Pb 1.31% Zn, including 0.50-m @ 719 g/t Ag, 172 ppb Au, 0.57% Cu, 5.91% Pb, and 2.37% Zn (AL19-018)
    Promontorio Sur 1300 31.70 m mineralized zone containing 0.20m interval assaying 304 g/t Ag, 352 ppb Au, 1.41% Cu, 2.5% Pb, 3.36% Zn (AL19-020)
    Azulacas 400 12.25 m averaging 122 g/t Ag, 0.21% Cu and 1.37% Zn (AL19-023)
    La Quintera 1400 0.50 m of 124 g/t Ag, 0.26% Cu (AL19-017)
    Cotera 800 7.60 m @ 155 g/t Ag incl. 2.15 m @ 451 g/t Ag (AL19-035)
    Alessandra 1100 6.60 m @ 3.89% combined Cu, Pb, and Zn (AL19-038)
    Pulpito 1000 0.20 m @ 367 g/t Ag, 6.75 g/t Au, 1.35% Cu, 0.59% Pb,  0.56% Zn (AL 19-035)

    Drill highlights from the Historical Drilling Data at the Promontorio mine include: (only silver and gold were assayed – widths are reported drill thickness)

    • 1.2 m of 5,588 g/t Ag (Hole U-1)
    • 1.2 m of 1,008 g/t Ag (Hole U -1)
    • 4.6 m of 2,838 g/t Ag (Hole U-3)
    • 4.6 m of 305 g/t Ag (Hole U-4)
    • 1.4 m of 377 g/t Ag (Hole U-4)
    • 12.2 m of 710 g/t Ag (Hole U-4)
    • 7.6 m of 747 g/t Ag (Hole U-5)
    • 11.3 m of 785 g/t Ag (Hole U-5)
    • 1 m of 2,177 g/t Ag (Hole U-12)
    • 1.2 m of 854 g/t Ag (Hole U-15)

    Drill highlights from the historical drilling data at the Minas Nuevas mine include: (only silver was assayed – widths are reported drill thickness)

    • 1.7 m of 452 g/t Ag (Hole TP-80-08)
    • 2 m of 367 g/t Ag (Hole TP-80-09)
    • 1.8 m of 839 g/t Ag (Hole TZ-80-01)

    Looking For Potential High-Grade Silver Left Behind With Mine Rehabilitation at Historic Promontorio Mine

    Exploration focus has been largely refined to discover brand new vein systems outside of the historical mined areas.  Minaurum has now shifted back into these areas for high-grade silver mineralization that could have been potentially been leftover from historic production.  Minaurum recently commenced mine rehabilitation work at the historic Promontorio mine which historically produced 70 Moz, was left in mineralization, and remains significantly underexplored.  Historical records indicate that the Promontorio Mine closed in 1896 and remained abandoned until the 1960s.  Material was processed from surface dumps and underground backfill, along with underground drilling and mapping at Promontorio.   The 1960s effort included the clearing of the main haulage level and access to lower levels of the Promontorio Mine and to the northernmost part of it.  Nineteen underground diamond holes were drilled during the 1960s and several of them intersected significant widths of high-grade mineralization (see Minaurum Historical Data news release dated February 6, 2020 and section above for drill results).  This mineralization was left untouched and Minaurum successfully cut extensions of it with surface drilling. 

    Promontorio mine plant 1900-1910

    See Promontorio Mine Vein and Drill Plan Map above for reference.  The Promontorio underground workings consist of a haulage level that measures approximately 1.2 km long, at least one lower level, 4 surface shafts (two of which are still open at the surface), 2 internal shafts, and several stopes.

    Note that the northwest-trending fault with the southwest side down-dropped with respect to northeast side cuts the Las Guijas vein.  Minaurum intersected high-grade silver mineralization 25 m below the haulage level in hole AL19-025, and about 120 m below the haulage level in hole AL19-034, both on the southwest side of the fault.  Minaurum geologists believe that the faulted Las Guijas vein likely continues in the southwest block (the Promontorio South vein zone), and potentially includes high-grade shoots.

    Below is a summary of the Minaurum drill intersections that also drilled several meters below the haulage level indicating high-grade at depth, see below drill highlights and Fiigure below:

    • 3.80 m of 415 g/t Ag, 2.68 g/t Au, 1.37% Cu, 6.20% Pb, 9.19% Zn, including 0.95 m of 1,566 g/t Ag, 6.72 g/t Au, 4.48% Cu, 9.27% Pb, 10.08% Zn (Hole AL19-025)
    • 1.10 m of 729 g/t Ag, 1.73 g/t Au, 3.05% Pb, 5.73% Zn (Hole AL19-034)
    • 5.1 m of 769 g/t Ag, 0.76% Cu; including 3.1 m of 1,197 g/t Ag, 1.38% Cu (Hole AL20-046)
    •  2.9 m of 636 g/t Ag, 1.36% Cu, 3.85% Pb, 7.18% Zn (Hole AL20-044)
    •  1.75 m of 144 g/t Ag, 4.15% Pb, 9.10% Zn (Hole AL20-043)

    Initial plan is to re-log all the Promontorio drill core and rehabilitate, map, and sample the underground workings, along with service holes will be drilled into the workings in strategic spots near the El Tirito and Balvanera shafts to facilitate the delivery of electricity and compressed air.  .

    Minaurum made significant progress at the Promontorio underground mine rehab work program.  Minaurum has successfully accessed and is dewatering the main haulage level along with clearing crosscuts in the El Tirito area of the mine and underground rehabilitation has now accessed 600 metres of an estimated 1.2 kilometres of workings.  This led to the discovery of several historical underground drill collars, confirming historical reports from the 1960s. Five service holes were drilled to provide air, water, and electricity to facilitate underground rehabilitation efforts. Three of the service holes intercepted the Promontorio vein at its highest levels returning high-grade base metal mineralization including 7.9% zinc, 3.6% lead, 0.34% copper and 0.48 g/t gold (Hole AL22-100) and 5.5% zinc, 3.1% lead, and 0.24% copper (Hole AL22-101), confirming the continuity of the vein zone and variability of grade and thickness along it.

    Approximately 200 tonnes of ballast and 50 tonnes of backfill have been removed from the first 300 m of the haulage level and stockpiled outside the mine entrance.  Sampling and mapping of dumps at Promontorio also revealed a boulder of massive sulfide vein assaying 3,320 g/t Ag, 54.7 g/t Au, 25% Cu, 6.5% Pb, and 1.1% Zn. The boulder, measuring roughly a meter across, is an indication of the type of grades exploited by early miners at Promontorio.  Thirty-seven samples were taken from backfill material and loose rock debris in the first 600 m of the Promontorio adit. Assays for the samples returned significant values with 58% of the samples between 100 g/t to 308 g/t silver and 64% of the samples between 0.20 g/t to 5.74 g/t gold (see Minaurum news release dated March 2, 2023). 

    Next Steps Promontorio Underground Work To Serve As Basis of Initial Mineral Resource Estimate

    Rehabilitation

    1. Prepare shafts for rehabilitation
    2. Dewater internal shafts
    3. Mobilize crews to lower levels

    Sampling

    1. Channel sample vein, foot and hanging wall
    2. Input results into 3D geological model
    3. Generate underground drill targets
    4. Conduct metallurgical testing of primary targets and surface dumps.

     

    Surface-access Agreements

    The Alamos project is situated on land belonging to the ejidos of La Aduana and Tetajiosa and the community of Minas Nuevas. Surface-access agreements are in place with all three along with annual rental payments to maintain the agreements.

    Part of the Alamos project lies within the Sierra de Alamos – Río Cuchujaqui Reserve, which overlaps ejido lands. Authorization was received from the National Commission of Natural Protected Areas (CONANP) to explore in the Reserve Area. The reserve area land inside the project area is categorized as an “area of sustainable exploitation of natural resources”, which is defined in the reserve area management plan as use that does not negatively affect future generations. A coordination agreement between the Protected Area authorities and SEMARNAT was established in July of 2013 and is valid for the life of the project.

    Alamos project concession and reserve boundary

    Please refer to the 43-101 Technical Report titled Alamos Project - June 8, 2021 on SEDAR

  • Europa-Guadalupe Vein Zone 

    Hole From (m) To (m) Drilled Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn %
    AL17-007 181.10 181.60 0.50 0.40 81.1 0.92 0.1 0.18
    273.30 274.50 1.20 0.95 541.5 0.28 0.44 0.88

    including

    273.30 274.05 0.75 0.70 807 0.34 0.63 1.3
    499.10 500.10 1.00 0.70 218 0.42 0.33 0.73

    including

    499.10 499.80 0.70 0.50 290 0.57 0.44 0.86
    521.55 524.60 3.05 3.05 114 0.19 0.07 0.22
    534.65 542.90 8.25 8.25 1,760 1.6 1.48 2.6

    including

    534.65 536.85 2.20 2.20 5,098 2.76 0.47 1.18

    including

    534.65 535.75 1.10 1.10 8,400 3.71 0.37 1.22
    AL19-026 129.20 129.70 0.50 0.50 23 0.24 0.37 0.83
    240.00 241.35 1.35 1.35 169 0.18 0.25 1.04
    426.25 426.55 0.30 0.30 259 0.52 0.58 0.47
    436.45 436.75 0.30 0.30 55 0.08 0.28 3.17
    452.60 452.85 0.25 0.25 129 1.27 0.46 5.18
    464.35 465.40 1.05 1.05 134 0.31 1.25 3.89

    including

    464.35 464.80 0.45 0.45 231 0.38 2.48 7.83
    476.85 477.65 0.80 0.80 160 0.37 1.71 3.55
    478.85 479.10 0.25 0.25 77 0.21 1.1 1.33
    515.60 517.10 1.50 1.50 50 0.08 0.3 1.68
    AL20-041 222.30 224.00 1.70 1.65 34 0.18 0.15 0.6

    including

    223.00 224.00 1.00 0.95 42 0.24 0.19 0.83
    AL20-042 202.95 203.60 0.65 0.50 468 0.53 1.39 2.01
    226.50 227.10 0.60 0.45 192 0.38 0.59 1.18
    232.45 232.95 0.50 0.45 273 0.54 0.83 2.13
    258.80 262.30 3.50 2.70 404 0.54 1.3 1.81

    including

    259.60 261.30 1.70 1.30 778 1 2.5 3.34

    which includes

    260.15 261.30 1.15 0.90 999 1.29 2.98 4.15
    AL20-045 363.25 363.70 0.45 0.40 20 0.04 0.16 0.26
    AL20-047 196.60 197.30 0.70 0.50 196 0.31 0.53 1.3
    295.30 296.65 1.35 0.95 32 0.08 0.25 0.64
    196.60 197.30 0.70 0.50 196 0.31 0.53 1.3
    295.30 296.65 1.35 0.95 32 0.08 0.25 0.64
    320.20 321.50 1.30 0.90 576 0.77 0.29 1.26
    330.85 342.20 11.35 8.05 221 0.29 0.28 0.44

    including

    331.80 338.15 6.35 4.50 356 0.39 0.42 0.57

    which includes

    331.80 332.50 0.70 0.50 2090 1.98 2.51 2.43
    AL20-049A 190.70 191.45 0.75 0.65 116 0.38 0.13 0.34
    233.45 235.00 1.55 1.35 221 0.69 0.82 1.86
    262.80 263.15 0.35 0.30 233 0.37 0.24 1.4
    278.10 279.80 1.70 1.50 96 0.26 1.52 2.73
    AL20-050 333.10 333.60 0.50 0.40 337 0.6 0.99 1.33
    556.05 559.30 3.25 3.15 196 0.26 0.35 1.1

    including

    558.75 559.30 0.55 0.50 784 1.05 0.78 2.49
    AL20-051 214.95 216.80 1.85 1.75 91 0.29 0.25 0.69

    including

    214.95 215.40 0.45 0.40 142 0.6 0.43 1.25
    227.70 235.40 7.70 7.00 97 0.17 0.13 0.34

    including

    227.70 231.80 4.10 3.70 147 0.26 0.16 0.44

    which includes

    230.35 231.80 1.45 1.30 245 0.32 0.32 0.32
    AL20-052 295.60 295.95 0.35 0.20 77 0.38 0.02 0.02
    306.90 307.30 0.40 0.25 106 0.36 0.02 0.03
    AL20-053 136.65 146.20 9.55 4.75 92 0.13 0.22 0.53

    including

    139.50 143.35 3.85 1.90 165 0.2 0.32 1.01
    AL20-054 88.10 91.95 3.85 3.60 342 0.76 0.3 1.03

    including

    90.30 91.10 0.80 0.60 1185 2.19 0.33 1.2
    128.95 129.80 0.85 0.65 80 0.16 0.04 0.06
    141.50 142.60 1.10 0.85 61 0.17 0.16 0.41
    AL20-055 352.00 352.30 0.30 0.30 1475 0.33 3.64 9.55
    488.40 509.60 21.20 21.20 35 0.14 0.11 0.43

    including

    495.25 496.15 0.90 0.90 136 0.27 0.07 0.18

    And

    507.70 508.65 0.95 0.95 105 0.27 0.25 1.15

    And

    509.15 509.60 0.45 0.45 53 0.19 0.36 0.69
    AL20-056 213.40 218.10 4.70 ND 75 0.19 0.11 0.21

    including

    213.40 213.80 0.40 ND 286 1.07 0.27 0.58

    And

    217.05 218.10 1.05 ND 136 0.33 0.18 0.51
    236.35 237.00 0.65 ND 46 0.17 0.45 0.31
    AL21-080 370.7 382.7 12.00 ND 28 0.139 0.114 0.465
    398.45 400.05 1.60 ND 174 1.301 0.031 0.115
    including
    398.45 399.2 0.75 ND 297 1.875 0.025 0.099
    AL21-082 271.20 271.90 0.70 ND 19.35 0.030 0.100 0.606
    291.40 292.05 0.65 ND 22.4 0.020 0.071 0.168
    AL21-083 419.00 424.05 5.05 ND 106 0.090 0.243 0.459

    including

    421.15 422.75 1.60 ND 247 0.161 0.577 0.694

    which includes

    421.50 421.95 0.45 ND 589 0.293 1.765 1.240
    427.05 429.30 2.25 ND 228 0.174 0.533 1.280

    including

    427.05 428.30 1.25 ND 353 0.223 0.732 1.497

    which includes

    427.80 428.30 0.50 ND 754 0.403 1.585 2.800
    432.20 432.50 0.30 ND 20 0.036 0.626 1.645
    AL21-084 320.50 322.05 1.55 ND 139 0.133 0.103 0.174

    including

    321.80 322.05 0.25 ND 777 0.549 0.584 0.770
    329.55 331.20 1.65 ND 240 0.404 0.506 0.628

    including

    330.00 330.60 0.60 ND 547 0.723 1.240 1.300
    AL21-086 444.00 450.40 6.40 ND 147 0.126 0.313 0.639

    including

    444.00 444.95 0.95 ND 435 0.433 1.445 3.640

    and

    449.70 450.40 0.70 ND 513 0.259 0.171 0.330
    472.75 474.25 1.50 ND 2 0.003 0.002 0.013
    AL21-087 115.50 132.65 17.15 ND 35 0.065 0.086 0.185

    including

    127.60 130.45 2.85 ND 91 0.237 0.348 0.467

    which includes

    129.80 130.45 0.65 ND 283 0.789 1.165 1.526
    AL21-088 234.65 256.50 21.85 ND 62 0.144 0.191 0.430

    including

    243.40 256.50 13.10 ND 88 0.208 0.273 0.567

    which includes

    248.25 255.60 7.35 ND 107 0.275 0.374 0.630

    which includes

    252.25 255.60 3.35 ND 132 0.343 0.310 0.795

    which includes

    255.20 255.60 0.40 ND 304 0.563 1.435 2.150

     

    Europa-Guadalupe Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL17-003 626.89 695033.43 2990077.56 488.60 270 -45
    AL17-007 795.32 695261.33 2990902.61 573.40 280 -45
    AL19-026 713.00 695144.66 2990657.57 561.20 270 -40
    AL20-041 784.10 694862.50 2990953.06 279.95 315 -45
    AL20-042 784.07 694862.80 2990952.79 312.60 315 -72
    AL20-045 815.82 694980.44 2991164.98 462.90 240 -72
    AL20-047 784.13 694863.17 2990950.08 369.00 216 -76
    AL20-049A 784.12 694862.93 2990950.31 320.25 255 -69
    AL20-050 795.13 695262.11 2990902.42 590.30 285 -54
    AL20-051 784.11 694862.94 2990951.03 280.60 269 -54
    AL20-052 795.10 695262.31 2990902.29 657.25 280 -65
    AL20-053 713.62 694691.34 2990627.95 179.95 340 -50
    AL20-054 713.59 694689.48 2990625.89 198.25 270 -50
    AL20-055 742.80 695195.73 2990782.71 524.60 295 -45
    AL20-056 713.62 694689.69 2990625.89 253.15 270 -85
    AL21-080 816 694980 2991165 433.10 302 -80
    AL21-082 816 694980 2991165 326.35 290 -55
    AL21-083 816 694980 2991165 503.25 355 -71
    AL21-084 816 694980 2991165 420.90 327 -45
    AL21-086 772 694880 2990851 514.00 200 -75
    AL21-087 733 694742 2990826 221.10 296 -60
    AL21-088 733 694742 2990826 305.00 106 -86

     

    Promontorio Vein Zone

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL17-004 81.90 102.05 20.15 18.90 154 0.5 2.3 6.8

    including

    84.10 85.70 1.60 1.50 236 0.5 11.8 20
    AL17-005 124.00 132.50 8.50 6.05 81 0.14 3.23 2.72

    including

    126.05 128.80 2.75 1.95 127 0.15 8.91 5.26
    135.35 138.50 3.15 2.20 322 0.47 1.65 3.29

    including

    135.35 136.35 1.00 0.70 557 0.65 0.77 2.17
    AL17-006 94.05 110.80 16.75 12.90 12 0.13 0.04 0.05

    including

    94.40 100.65 6.25 4.80 12 0.26 0.01 0.05
    AL19-021 3.05 9.60 6.55 4.65 91 0.12 0.16 0.16
    AL19-023 0.00 12.25 12.25 6.10 122 0.21 0.21 1.42

    including

    0.00 7.85 7.85 3.90 141 0.29 0.31 1.82
    20.15 21.35 1.20 ND 74 0.19 0.2 0.36
    90.80 91.00 0.20 ND 5 1.25 1.34 0.77
    124.80 125.95 1.15 ND 66 0.22 0.45 0.45
    170.25 170.80 0.55 ND 46 0.05 0.31 0.92
    AL19-025 443.80 451.55 7.75 5.95 20 0.13 0.62 2.18

    including

    448.90 450.05 1.15 0.89 39 0.48 0.84 5.78
    463.25 474.10 10.85 8.35 154 0.52 2.68 4.42

    including

    463.85 467.65 3.80 2.90 415 1.37 6.2 9.19

    including

    463.85 464.80 0.95 0.73 1566 4.48 9.27 10.08
    AL19-032 199.25 199.55 0.30 ND 64 0.05 1.59 5.14
    AL19-034 234.15 235.25 1.10 1.00 729 0.13 3.05 5.73
    235.25 241.15 5.90 5.30 16 0.07 0.31 1.35
    AL20-043 196.50 198.25 1.75 1.25 144 0.206 4.147 9.101

    including

    197.50 198.25 0.75 0.55 212 0.276 8.54 15.85
    198.25 200.95 2.70 1.90

    workings

    200.95 204.35 3.40 2.40 40 0.093 0.665 1.469
    AL20-044 274.50 282.10 7.60 5.40 266 0.567 1.599 3.174

    including

    275.50 278.40 2.90 2.05 636 1.363 3.849 7.178

    which includes

    277.50 278.40 0.90 0.65 1675 4.15 8.47 11.35
    AL20-046 119.60 120.25 0.65 0.55 502 1.815 0.205 0.095
    142.50 144.40 1.90 1.55 65 0.123 0.529 1.469
    153.75 155.05 1.30 1.05 80 0.489 0.028 0.037
    156.60 157.30 0.70 0.50 115 0.315 0.214 0.129
    176.90 182.00 5.10 4.20 769 0.76 0.04 0.072

    including

    178.90 182.00 3.10 2.55 1197 1.038 0.041 0.091
    185.00 189.10 4.10 3.35 37 0.162 0.339 0.855
    AL20-048 256.60 262.60 6.00 3.85 54 0.077 0.254 0.394
    298.50 300.50 2.00 1.30 83 0.058 0.362 1.077
    AL20-058 141.20 142.85 1.65 0.80 97 0.66 0.01 0.1
    AL20-060 176.30 176.80 0.50 0.30 115 0.29 0.02 0.03
    AL20-062 158.85 161.00 2.15 1.70 23 0.07 0.32 0.86
    AL20-064 292.80 296.50 3.70 2.40 528 0.83 2.43 1.47

    including

    293.65 295.85 2.20 1.40 756 1.05 3.29 1.86

    which includes

    293.65 294.70 1.05 0.65 1203 1.42 5.08 2.8
    AL20-065 253.25 254.45 1.20 0.70 12 0.04 0.2 0.13
    AL20-067 115.50 115.90 0.40   59 0.4 0.06 0.77
    AL20-069 82.35 98.60 16.25 8.10 69 0.1 0.81 3.36

    including

    90.20 94.20 4.00 2.00 161 0.24 2.15 5.92

    which includes

    92.20 93.20 1.00 0.50 327 0.23 2.53 6.62
    142.20 149.15 6.95 3.50 74 0.57 0.79 1.63

    including

    146.40 149.15 2.75 1.40 110 0.96 1.7 3.61

    which includes

    148.00 148.45 0.45 0.20 403 4.38 8.2 9.66
    AL20-070 101.45 104.20 2.75 1.20 12 0.01 0.51 2.57
    130.55 130.95 0.40 0.15 3 0.02 0.03 0.03
    172.45 174.30 1.85 0.85 90 0.18 1.24 0.9
    AL20-072 173.00 173.60 0.60 0.40 58 0.47 0.06 0.03
    AL20-074 190.35 192.45 2.10 1.30 49 0.18 0.01 0.03
    AL20-076 184.25 184.90 0.65 0.40 27 0.14 0.1 0.12

    Promontorio Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL17-004 656.63 695115.59 2990124.71 117.40 125 -35
    AL17-005 656.62 695115.04 2990125.07 227.20 125 -70
    AL17-006 677.09 695246.76 2990466.18 503.25 105 -40
    AL19-021 703.72 695261.85 2990085.01 149.45 120 -40
    AL19-023 703.73 695261.62 2990085.17 356.85 120 -60
    AL19-025 796.73 695472.14 2989747.79 576.45 270 -40
    AL19-032 550.34 694896.90 2989734.37 553.85 75 -65
    AL19-034 550.34 694897.22 2989734.49 305.00 75 -35
    AL20-043 646.61 695078.76 2990200.14 209.80 125 -55
    AL20-044 646.59 695078.66 2990200.24 372.10 125 -65
    AL20-046 657.44 695130.39 2990269.61 298.90 125 -50
    AL20-048 657.44 695130.29 2990269.69 365.85 125 -68
    AL20-058 657.54 695130.64 2990270.55 274.50 90 -45
    AL20-060 657.48 695130.46 2990270.55 295.85 90 -60
    AL20-062 626.91 695038.48 2990077.95 271.45 110 -45
    AL20-064 626.90 695038.24 2990078.06 396.50 110 -70
    AL20-065 626.04 695037.30 2990078.48 497.15 110 -80
    AL20-067 616.58 695073.56 2989994.85 359.90 105 -60
    AL20-069 599.42 695051.40 2989851.89 237.90 100 -65
    AL20-070 599.41 695051.44 2989852.98 292.80 60 -60
    AL20-072 677.71 695198.02 2990416.97 362.95 150 -65
    AL20-074 677.77 695198.30 2990416.59 356.85 150 -50
    AL20-076 677.66 695200.99 2990418.79 301.95 110 -50

     

    San Jose Vein Zone

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL18-013 12.2 13.7 1.5 ND <1   0.01 0.01
    295.35 296.65 1.3 ND 16 0.08 0.33 0.42
    AL19-015 53.25 66.5 13.25 ND 82 0.08 0.21 0.21

    including

    57.75 62 4.25 ND 146 0.16 0.52 0.56

    including

    59.15 60.05 0.9 ND 302 0.21 0.49 0.78

    and

    61.5 62 0.5 ND 171 0.36 1.76 1.01
    127.6 137.2 9.6 ND 198 0.17 0.22 0.88

    including

    129.1 131.15 2.05 ND 274 0.26 0.28 2.6

    or

    129.1 129.95 0.85 ND 398 0.24 0.27 1.73

    and

    133.2 136.2 3 ND 224 0.22 0.24 0.36
    180.15 182.15 2 ND 109 0.12 0.08 0.13
    192.9 196.7 3.8 ND 140 0.1 0.99 1.12

    including

    193.65 195.7 2.05 ND 181 0.14 1.64 1.57
    AL18-016 164.35 165 0.65 ND 3 0 0.07 0.18
    166.85 175.6 8.75 ND 22 0.03 0.16 0.31
    180.5 181.7 1.2 ND 19 0.1 0.42 1.16
    AL19-029 130.65 143.45 12.8 ND 37 0.04 0.21 0.4

    including

    130.65 133.75 3.1 ND 48 0.06 0.34 0.87
    AL19-031 338.65 345.7 7.05 ND 65 0.12 0.2 0.53

    including

    342.65 344.25 1.6 ND 132 0.21 0.32 0.8
    363.45 363.85 0.4 ND 150 0.02 0.03 0.22
    366.5 368.2 1.7 ND 206 0.05 0.08 0.14

    including

    366.5 367.4 0.9 ND 337 0.08 0.11 0.16
    373.2 375.9 2.7 ND 142 0.04 0.16 0.27

    including

    374.3 375.2 0.9 ND 307 0.08 0.23 0.37
    377.15 377.5 0.35 ND 112 0.05 0.7 0.88
    381.8 383.1 1.3 ND 97 0.08 1.67 2.95
    386.45 387.5 1.05 ND 65 0.13 0.39 0.41
    AL21-089 98.00 108.70 10.70 ND 50 0.03 0.06 0.14
    including
    99.45 101.05 1.60 ND 124 0.09 0.19 0.48
    AL21-091 40.25 61.95 21.70 ND 93 0.1 0.19 0.24
    including
    46.05 53.65 7.60 ND 135 0.18 0.38 0.38
    which includes
    48.80 53.65 4.85 ND 159 0.22 0.44 0.41
    AL21-092A 131.50 138.85 7.35 ND 184 0.22 0.21 0.27
    including
    131.90 135.95 4.05 ND 289 0.38 0.34 0.43
    which includes
    133.65 134.70 1.05 ND 746 0.99 0.92 0.93
    AL21-092 130.90 136.45 5.55 ND 148 0.15 0.2 0.49
    including
    130.90 134.65 3.75 ND 196 0.17 0.15 0.35
    which includes
    132.70 133.40 0.70 ND 321 0.23 0.13 0.79

    San Jose Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL18-013 502.72 693261.43 2990400.33 500.20 320 -40
    AL18-015 620.93 693825.07 2991780.08 596.55 285 -40
    AL18-016 478.61 693060.53 2989999.82 335.50 285 -45
    AL19-029 466.80 692728.12 2989802.00 253.15 315 -60
    AL19-031 546.32 693231.45 2990965.86 550.50 150 -45
    AL20-057 437.18 692865.62 2989775.22 279.10 320 -60
    AL20-059 437.30 692865.88 2989775.00 335.50 320 -75
    AL20-061 478.29 693061.86 2990000.70 350.75 285 -60
    AL20-063 478.29 693062.39 2990000.56 445.30 285 -85
    AL20-066 502.40 693263.60 2990399.72 408.70 320 -70
    AL20-068 503.00 693261.00 2990400.00 344.65 350 -60
    AL20-071 502.66 693262.66 2990398.65 309.35 290 -75
    AL20-073 620.96 693825.21 2991777.36 234.85 242 -45
    AL20-075 620.97 693825.47 2991778.33 411.75 285 -60
    AL21-089 620.69 693826.76 2991778.51 412.4 285 -70
    AL21-091 620.71 693826.95 2991778.96 396.5 347.9 -56.3
    AL21-092 657.58 693551.48 2991369.89 343.8 300 -40
    AL21-092A 657.56 693551.22 2991369.80 142.5 301.9 -41.5

     

    Travesia - La Quintera Vein Zones

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL17-008 201.30 201.65 0.35 0.25 185 1.05 2.37 1.44
    229.20 238.80 9.60 6.80 88 0.24 0.37 0.33

    including

    229.75 232.40 2.65 1.90 147 0.25 0.21 0.28
    343.85 349.40 5.55 4.00 18 0.12 0.09 0.15
    AL18-017 111.25 117.25 6.00 3.00 58 0.16 0.11 0.1

    including

    115.95 116.45 0.50 0.25 124 0.26 0.1 0.25
    155.85 156.90 1.05 0.50 118 0.19 0.01 0.04

    including

    155.85 156.05 0.20 0.10 365 0.75 0.01 0.03
    280.35 280.60 0.25 0.15 116 0.5 0.03 0.05
    303.75 305.85 2.10 1.05 55 0.16 0.06 0.03

    including

    303.75 304.10 0.35 0.20 103 0.28 0.09 0.03
    329.30 330.50 1.20 0.60 67 0.14 0.29 0.3

    including

    329.30 329.80 0.50 0.25 110 0.18 0.14 0.29
    393.60 395.35 1.75 0.85 84 0.13 0.03 0.1

    including

    395.00 395.35 0.35 0.20 105 0.27 0.06 0.15
    AL20-077 274.50 278.90 4.40 2.50 210 0.59 1.28 1.3

    including

    276.10 278.90 2.80 1.60 265 0.73 1.73 1.57

    which includes

    276.10 277.00 0.90 0.50 355 1.02 4.65 3.24

    and

    277.80 278.90 1.10 0.60 323 0.82 0.38 0.58
    AL20-078 371.05 374.25 3.20 1.10 133 0.58 0.37 0.25

    including

    371.05 371.65 0.60 0.20 125 0.44 0.43 0.4

    and

    372.50 373.90 1.40 0.50 224 0.93 0.42 0.12

    which includes

    372.50 373.10 0.60 0.20 331 1.68 0.37 0.03
    460.55 461.55 1.00 0.35 81 0.26 0.06 0.02
    672.90 673.50 0.60 0.30 79 0.11 1.71 0.93
    AL20-079 280.95 288.45 7.50 4.80 69 0.29 0.07 0.17

    including

    285.45 287.20 1.75 1.10 84 0.29 0.11 0.4

    and

    287.55 288.45 0.90 0.60 148 0.43 0.02 0.01

    Travesia - La Quintera Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL17-008 795.59 695265.45 2990902.01 350.75 100 -45
    AL19-017 739.99 695570.74 2991325.43 405.65 160 -50
    AL20-077 795.33 695265.67 2990900.49 454.45 105 -57
    AL20-078 819.71 695300.90 2991054.41 733.50 110 -70
    AL20-079 743.09 695198.81 2990783.63 381.25 105 -50

     

    Amalia - Tigre Vein Zones

    Hole From (m) To (m) Interval (m) Estimated width (m) Ag g/t Cu % Pb % Zn%
    AL18-011 394.10 396.95 2.85 ND 25 <.01 2.29 10.58

    including

    395.20 396.95 1.75 ND 40 <.01 3.57 16.54
    419.15 422.10 2.95 ND 3 <.01 0.38 1.72

    including

    421.00 422.10 1.10 ND 7 <.01 0.74 3.23
    455.95 457.05 1.10 ND 5 <.01 0.22 1.71
    467.35 467.60 0.25 ND 4 <.01 0.30 1.84
    519.65 520.05 0.40 ND 7 <.01 0.21 1.19
    533.40 535.50 2.10 ND 3 <.01 0.14 1.14
    548.80 549.50 0.70 ND 3 <.01 0.10 1.57
    551.45 551.80 0.35 ND 3 <.01 0.12 1.16
    569.50 570.50 1.00 ND 2 <.01 0.21 1.19
    578.05 579.35 1.30 ND 4 <.01 0.14 1.21
    AL18-012 123.15 125.30 2.15 1.85 1 0.01 0.08 0.64
    179.15 179.90 0.75 0.65 2   0.74 2.67
    203.75 204.65 0.90 0.80 391 0.11 0.42 0.29
    212.90 213.40 0.50 0.40 7 0.01 0.10 2.18
    466.45 467.75 1.30 1.15 7 0.01 1.73 1.99
    696.15 698.80 2.65 2.30 17 <.01 0.79 1.18

    including

    697.60 698.45 0.85 0.75 41 <.01 1.60 2.35
    AL19-019 69.50 71.05 1.55 ND 2 0.13 0.22 1.62
    264.80 266.95 2.15 ND 4 0.04 0.84 1.49
    337.40 337.65 0.25 ND 7 0.00 1.05 2.80
    347.35 347.65 0.30 ND 4 0.00 0.73 2.21
    367.20 368.00 0.80 ND 6 0.00 0.79 1.85
    376.35 376.85 0.50 ND 5 0.00 0.78 2.45
    489.80 490.25 0.45 ND 29 0.00 1.01 2.08
    512.25 512.50 0.25 ND 33 0.11 0.29 1.91
    539.45 539.60 0.15 ND 30 0.04 0.09 1.23
    582.30 583.50 1.20 ND 50 0.16 0.48 0.80
    650.10 650.50 0.40 ND 16 0.05 1.11 2.84
    654.10 654.35 0.25 ND 113 0.29 2.60 5.74
    AL19-022 349.25 349.55 0.30 ND 6 0.00 0.47 1.66
    435.70 436.15 0.45 ND 7 0.00 0.08 2.28

    Amalia-Tigre Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azi-muth Inclin-ation Target
    Easting Northing
    AL18-011 970.11 696361.91 2989990.51 624.80 110 -40 Ana
    AL18-012 980.91 696242.46 2990140.66 707.60 270 -40 Tigre-Amalia
    AL19-019 965.33 695895.94 2990188.69 696.90 280 -60 Amalia
    AL19-022 951.24 695920.01 2989966.74 521.55 155 -40 Tigre

     

    Minas Nuevas, Pulpito, La Dura, Cotera and Las Animas Vein Zones

    Hole From (m) To (m) Interval (m) Estimated True Width (m) Ag g/t Cu % Pb % Zn%
    AL17-001 71.95 89.60 17.65 15.90 95.9 0.03 0.02 0.07

    including

    71.95 73.50 1.55 1.40 155 0.04 0.05 0.09
    77.00 78.00 1.00 0.90 150 0.05 0.03 0.16
    80.45 81.45 1.00 0.90 279 0.07 0.1 0.32
    84.45 85.75 1.30 1.15 172 0.05 0.02 0.04
    86.55 89.60 3.05 2.75 110.1 0.05 0.02 0.04
    AL17-002 76.25 89.30 13.05 11.75 53.7 0.01 0.02 0.05

    including

    85.40 86.90 1.50 1.35 181 0.02 0.03 0.08
    155.55 159.00 3.45 3.10 68.1 0.04 0.04 0.09

    including

    158.55 159.00 0.45 0.40 156.3 0.1 0.16 0.24
    AL18-009 126.90 128.55 1.65 1.40 21 0.19 <.01 0.02
    378.50 401.05 22.55 19.15 25 0.03 <.01 0.05

    including

    383.45 391.90 8.45 7.20 31 0.02 <.01 0.05

    including

    386.75 387.35 0.60 0.50 57 0.03 0.01 0.06

    and

    390.90 391.90 1.00 0.85 57 0.02 <.01 0.06
    AL18-010

    no significant values

    AL19-035 124.50 126.20 1.70 ND 30 0.06 0.05 0.03
    136.75 144.30 7.55 ND 43 0.03 0.05 0.14
    154.50 154.70 0.20 ND 98 0.72 0.56 0.16
    159.60 159.80 0.20 ND 367 1.35 0.59 0.562
    179.50 191.20 11.70 ND 22 0.01 0.02 0.05
    213.45 228.25 14.80 ND 48 0.02 0.04 0.13

    including

    216.30 217.15 0.85 ND 294 0.23 0.38 1.41
    255.35 258.20 2.85 ND 52 0.08 0.39 0.11
    297.40 301.95 4.55 ND 23 0.02 0.16 0.12
    392.10 399.70 7.60 ND 155 0.1 0.51 0.44

    including

    395.15 399.15 4.00 ND 278 0.16 0.79 0.7

    including

    397.00 399.15 2.15 ND 470 0.2 0.71 0.96
    AL19-036 395.50 397.45 1.95 ND 56 0.11 0.13 0.02

    including

    395.50 396.00 0.50 ND 160 0.25 0.25 0.01
    AL19-037 353.50 354.55 1.05 ND 245 0.74 0.37 0.66

    including

    354.00 354.55 0.55 ND 451 1.27 0.53 1.09
    AL21-094 146.35 155.50 9.15 ND 101 0.12 0.13 0.46
    including
    151.65 154.60 2.95 ND 232 0.16 0.27 1.15
    which includes
    151.65 152.70 1.05 ND 411 0.22 0.36 2.66
    219.25 220.20 0.95 ND 763 2.14 0.24 0.25
    including
    219.90 220.20 0.30 ND 2310 6.52 0.12 0.37
    AL21-095 206.00 206.25 0.25 ND 18 0.53 0.03 0.2
    264.75 265.90 1.15 ND 25 0 0.05 0.08
    316.60 317.05 0.45 ND 12 0 1.33 0.12
    AL21-096 190.70 193.10 2.40 ND 115 0.14 0.28 0.49
    including
    192.65 193.10 0.45 ND 399 0.53 0.93 1.69
    269.60 271.10 1.50 ND 106 0.18 2.31 0.69
    including
    270.50 271.10 0.60 ND 212 0.39 4.32 0.90
    AL21-099 185.60 196.50 9.90 ND 609 0.18 0.27 0.47
    including
    187.15 188.05 0.90 ND 1145 0.12 1.23 2.48
    and
    189.10 195.50 6.40 ND 753 0.23 0.2 0.27
    which includes
    192.20 192.70 0.50 ND 2260 0.24 0.47 0.54
    and
    195.00 195.50 0.50 ND 2360 0.2 0.3 0.54

    Minas Nuevas, Pulpito, La Dura, Cotera and Las Animas Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azi-muth Inclin-ation Target
    Easting Northing
    AL17-001 518.38 697420.77 2994096.56 268.40 90 -60 Minas Nuevas
    AL17-002 531.21 697444.00 2993938.04 240.95 90 -60 Minas Nuevas
    AL18-009 540.89 697142.21 2993981.56 484.95 90 -45 Minas Nuevas
    AL18-010 540.87 697138.50 2993981.55 823.50 270 -40 Púlpito
    AL19-035 736.99 696390.38 2993461.83 472.75 110 -40 Púlpito
    AL19-036 807.59 696295.74 2993618.84 515.45 285 -40 La Dura
    AL19-037 535.23 697442.76 2991918.86 497.15 80 -40 Las Animas
    AL21-094 674.53 696795.04 2993264.37 271.1 264 -48 Cotera
    AL21-095 674.52 696795.26 2993264.3954 425.25 262.3 -62.1 Cotera
    AL21-096 658.20 696856.57 2993356.58 403.8 290 -40 Cotera
    AL21-099 499.97 697294.65 2994294.92 249.8 55 -45 Minas Nuevas

     

    Alessandra Vein Zone

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL19-038 80.65 81.30 0.65 0.20 2 1.7 0.18 0.42
    98.00 99.10 1.10 0.35 12 0.06 1.81 4.22
    99.10 99.80 0.70 0.25 1 0.95 0.11 0.31
    154.85 155.40 0.55 0.20 9 0.01 0.68 2.58
    368.50 375.10 6.60 2.40 9 1.94 0.46 1.49

    including

    369.05 373.25 4.20 1.55 12 2.58 0.63 2.17
    399.55 402.50 2.95 1.10 12 0.87 0.04 0.02
    419.85 432.95 13.10 4.85 3 0.34 0.01 0.02

    including

    427.00 429.60 2.60 0.95 8 0.74 0.01 0.03
    AL19-039 175.85 188.30 12.45 11.80 4 0.91 0.5 1.17

    including

    181.40 188.30 6.90 6.55 6 1.22 0.24 0.68

    which includes

    182.35 186.50 4.15 3.75 7 1.55 0.27 0.68

    including

    182.35 183.00 0.65 0.62 21 5.58 0.63 0.93
    AL19-040 196.60 199.65 3.05 2.60 2 0.38 0.02 0.05

    including

    196.60 197.55 0.95 0.80 3 0.62 0.04 0.08

    which includes

    196.60 197.10 0.50 0.45 3 0.61 0.04 0.06
    AL21-085 274.80 275.90 1.10 ND 6 0.03 1.19 7.63
    284.40 285.30 0.90 ND 57 0.06 1.04 3.03
    287.80 288.10 0.30 ND 10 0.03 4.16 5.77
    314.65 315.70 1.05 ND 7 0.02 0.40 1.22
    318.40 318.80 0.40 ND 8 0.03 1.40 4.51
    321.00 322.15 1.15 ND 20 0.03 0.69 2.87
    325.30 325.90 0.60 ND 10 0.02 0.74 2.39
    326.85 330.70 3.85 ND 57 0.02 0.79 2.07
    625.25 636.30 11.05 ND 120 1.12 0.37 1.79

    including

    625.25 633.25 8.00 ND 150 1.40 0.37 2.37

    which includes

    625.25 630.70 5.45 ND 183 1.65 0.26 2.49

    Alessandra Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL19-038 1157.42 697148.48 2988441.99 549.60 75 -45
    AL19-039 1293.07 697591.76 2988688.16 372.10 300 -40
    AL19-040 1231.61 697843.16 2988938.98 309.50 295 -40
    AL21-085 1209 697599 2988151 756.40 293 -71

     

    Europa Sur Vein Zone

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL19-018 95.45 97.75 2.30 1.90 41 0.15 0.12 0.21
    308.15 309.10 0.95 0.90 425 0.32 3.17 1.31

    including

    308.60 309.10 0.50 0.50 719 0.57 5.91 2.37
    433.10 441.40 8.30 7.90 68 0.11 0.58 1.58

    including

    433.10 436.90 3.80 3.60 33 0.07 0.64 1.55

    and

    437.55 439.60 2.05 1.95 88 0.13 0.81 2.31

    and

    440.70 441.40 0.70 0.65 237 0.21 0.3 2
    AL19-027 398.00 398.30 0.30 0.25 282 0.31 0.3 1.59
    461.20 461.55 0.35 0.30 194 0.69 0.06 0.12
    468.70 468.90 0.20 0.20 44 0.29 0.55 0.3
    471.90 472.10 0.20 0.20 160 0.95 0.07 0.31
    484.10 484.70 0.60 0.50 6 0.01 0.56 1.69

    Europa Sur Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL19-018 655.76 694417.92 2990145.09 501.00 290 -40
    AL19-027 580.83 694371.55 2989573.68 568.00 280 -40

     

    Promontorio Sur Vein Zone

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL19-020 226.00 226.30 0.30 0.25 7 0 0.01 0.01
    234.65 266.35 31.70 24.50 7 0.05 0.73 1.85

    including

    234.65 235.70 1.05 0.80 146 0.93 0.53 0.81

    which includes

    234.65 234.85 0.20 0.15 304 1.41 2.5 3.36

    and

    237.15 238.70 1.55 1.20 4 0.01 0.55 1.03

    which includes

    237.15 237.60 0.45 0.35 4 0 0.04 0.02

    and

    242.30 245.60 3.30 2.50 2 0 0.81 2.33

    and

    247.50 251.40 3.90 3.00 3 0 1.9 4.99

    and

    256.25 257.75 1.50 1.15 2 0 0.88 1.88

    and

    260.05 264.90 4.85 3.75 3 0 1.05 3.21
    273.00 273.60 0.60 ND 9 0 0.36 2.36
    282.20 282.60 0.40 ND 5 0 0.42 2.37
    286.50 286.85 0.35 ND 26 0.03 1.23 2.47
    391.95 392.25 0.30 ND 2 0 0.84 2.79
    397.75 398.45 0.70 ND 4 0.02 1.2 3.54
    400.30 401.00 0.70 ND 3.41 0.01 1.16 2.85
    403.00 403.50 0.50 ND 3.67 0 0.75 2.57
    411.75 412.05 0.30 ND 9 0 0.28 2.5
    AL19-024 150.65 150.85 0.20 ND 5 0.01 3.98 1.73

    Promontorio Sur Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL19-020 544.59 694849.94 2989703.43 481.90 135 -50
    AL19-024 481.89 694305.65 2989101.75 532.20 135 -40

     

    Rosario Vein Zone and North Europas

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL19-028 170.80 171.25 0.45 0.45 52 0.06 0.12 0.3
    236.85 240.95 4.10 3.90 51 0.14 0.17 0.58

    including

    238.40 239.55 1.15 1.10 60 0.12 0.24 1.31
    364.20 367.25 3.05 2.90 55 0.04 0.07 0.12

    including

    365.45 366.00 0.55 0.50 126 0.16 0.28 0.54
    AL19-030 427.05 436.85 9.80 ND 31 0.02 0.06 0.13
    488.15 490.10 1.95 1.85 261 0.11 0.16 0.27

    including

    489.00 489.40 0.40 0.35 1100 0.38 0.27 0.58
    AL19-033 300.70 308.05 7.35 7.35 47 0.07 0.13 0.18
    335.15 336.65 0.50 0.50 97 0.02 >0.01 0.02
    369.35 372.15 2.80 2.80 56 0.04 0.08 0.09

    Rosario Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azi-muth Inclin-ation Target
    Easting Northing
    AL19-028 852.52 695065.45 2991578.35 582.55 280 -40 Europa-Palomas
    AL19-030 852.61 695070.17 2991577.66 585.60 100 -40 Nueva Europa
    AL19-033 843.62 695014.17 2992707.17 454.45 240 -40 Rosario

     

    El Creston Vein Zone

    Hole From (m) To (m) Interval (m) Estimated true width (m) Ag g/t Cu % Pb % Zn%
    AL18-014 96.85 97.00 0.15 0.10 1 0.02 0.01 1.00
    252.35 252.85 0.50 0.40 8 0.32 0.14 0.23
    320.35 320.55 0.20 0.15 20 0.85 <0.01 0.03
    364.05 364.30 0.25 0.20 1 <0.01 0.39 1.04
    448.00 448.35 0.35 0.25 <1 <0.01 0.17 1.45

    El Creston Zone Drill-hole Collar Data

    Hole Elevation WGS84 UTM zone 12N Depth (m) Azimuth Inclination
    Easting Northing
    AL18-014 479.06 693254.46 2986868.38 617.60 310 -40

     

    Ana Vein Zone

    Hole From (m) To (m) Interval (m) Estimated True Width (m) Ag g/t Cu % Pb% Zn %
    AL21-081 484.85 486.05 11.2 ND 1.26 0.0003 0.343 2.430

    Ana Vein Zone Drill-hole Collar Data

    Hole Prospect Elevation (m) Easting Northing HoleDepth (m) Azimuth Inclination
    AL21-081 Ana 970 696362 2989991 728.95 140 -55

    Note:  Selected mineral drill intersections. ND = not determined. True thickness ranges from 60-90%.

  • General & Historic

    Europa Guadalupe Vein Zone

    Europa Sur Vein Zone

    Promontorio Vein Zone

    Promontorio Sur Vein Zone

    San José Vein Zone

    Minas Nuevas, Púlpito, La Dura, Cotera and Las Animas Vein Zones

    Travesia - La Quintera Vein Zone

    Amalia - Tigre Vein Zones

    Alessandra Vein Zone

    Rosario Vein Zone & North Europas

    El Crestón Vein Zone

  • Historic

    Drilling & Core

    Geology

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