4. Pachapaqui Mine Location Map The Pachapaqui Minesite is located near the town of Pachapaqui, Peru, 240 kms north of Lima in the province of Bolognesi, department of Ancash.
6. Developed Zones Proven and Probable Reserves Only two exploration holes on the five zones. Holes drilled at Requiza intersected mineralization 200 metres below workings. Zone Ag oz/tonne %PB %Zn %Cu Tonnes Arabia 9.74 7.05 7.73 0.86 237,280 Riqueza 21.04 2.67 4.37 1.61 191,790 Sinchi Rocha 5.54 6.96 7.73 0.90 58,053 San Antonio 6.16 7.23 5.70 1.31 91,729 Mantos 5.02 4.46 7.59 0.72 83,210 Tonnes 662,062
7.
8. Projected Economic Parameters NSR US $63.56/tonne Cash Operating Cost: US $39.58/tonne Net Profit : US $23.99/tonne At 1000 tpd the mine will produce approx. 3.0 million ounces of silver per year. Minimal capex is required to produce at 1,000 tpd
28. Pachapaqui Mine: Total Silver Ounces Silver Ounces Proven and Probable 7,653,436 Measured and Indicated 24,882,530 Sub Total 32,535,966 Inferred 10,807,100 Total 43,343,066
38. Pachapaqui Mine: Operating Costs Average Value of Ore $63.56/tonne Mine Operating Cost: $??/tonne Mill Operating Cost: $ ??/tonne Total Project Cost: $30.69/tonne Ore Reserve and Mine Dilution = 30% Mine will produce min 2,600,000 ounces / year Silver
39. Ken Booth Brian Flower President and CEO, Director Chief Financial Officer, Director Philip Jamieson Greg Peebles Director Director Management and Directors
40. George Babcock Steve Babcock Senior Consultant, Peru Vice President, Operations Alfonso Brazzini Director