Tejamen

The primary focus of new work at Tejamen should consist of follow up core drilling. A program to drill 4,800m in 12 core holes is proposed. Core holes can be drilled to confirm previous RC drilling and better define geological parameters and block model grades. Holes can be extended to explore the potential of high grade feeder veins and the significant potential for mantos at depth, below the volcanic host rocks. Re-logging and re-assaying of historical samples needs to be done and the geological model refined. Additional metallurgical testing needs to be done, to better understand cyanide recoverability and the potential for flotation for higher grade Ag mineralization associated with potentially recoverable Pb.

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San Lucas

Outcrop sampling (94 channels) identified two parallel gold-silver zones with over 270 meters of strike length, known as the El Doctor zone (Noche Buena). The highest grade sample was 1.4 meters of 110ppm gold and 52ppm silver. The average Au grade of 93 samples, exclusive of the high grade 110ppm Au sample, is 3.2ppm. 72 of 94 samples contained gold grades over 0.50 g/t. The Ag grades range from trace to 150ppm, averaging 52.7ppm. Re-logging of previously-drilled nearby holes was started to assist in planning a drill program to test the new zones. Drilling has not tested the intersection of the veins with underlying schist/limestones. Previous shallow drilling encountered anomalous Au and Ag grades at shallow depths in the zone.

El Sol

Several small mines exist on the El Sol concession. It is a historical mining area since the 1600s and is in the Avino Mining District. SSV (1km southeast of El Sol) reports a resource at Las Minitas of 28,367oz AgEq at average grade of 342ppm AgEq. Avino Silver and Gold Mines –ASM-V (San Gonzalo zone, 16 km to the west) has an inferred resource of 444,250 tonnes at 332ppm Ag and 2.61ppm Au.

 

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