TECHNICAL REPORT ON THE JANUARY 2010 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES FOR G-9 POLYMETALLIC MINE,(Au, Ag, Cu, Pb, Zn) CAMPO MORADO PROJECT
The following is a summary of the Mineral Resources for the G-9 mine inclusive of Mineral Reserves.
Mineral Resources at December 31, 2009 Inclusive of Mineral Reserves |
Contained Metal* |
|
Category |
000s Tonnes
|
Zn % |
Cu % |
Ag (g/t) |
Au (g/t) |
Zn
mm lb |
Cu
mm lb |
Ag
000 oz |
Au
000 oz |
G-9 Mine |
Measured
Indicated |
1,418
1,606 |
8.65
10.04 |
1.23
1.39 |
239
185 |
3.64
2.72 |
270
355 |
38
49 |
10,896
9,552 |
166
140 |
M&I |
3,024 |
9.39 |
1.31 |
210 |
3.15 |
626 |
87 |
20,417 |
306 |
Inferred |
930 |
9.17 |
1.14 |
187 |
2.50 |
188 |
23 |
5,591 |
75 |
*There may be some minor differences in totals due to rounding.
The following is a summary of the Mineral Reserves for the G-9 mine.
Mineral Reserves at December 31, 2009 |
Contained Metal* |
|
Category |
000s Tonnes
|
Zn % |
Cu % |
Ag (g/t) |
Au (g/t) |
Zn mm lb |
Cu mm lb |
Ag 000 oz |
Au
000 oz |
G-9 Mine |
Proven
Probable |
525
1,425 |
10.36
9.87 |
1.28
1.37 |
274
187 |
3.69
2.77 |
120
310 |
15
43 |
4,619
8,547 |
62
127 |
Total |
1,950 |
10.00 |
1.34 |
211 |
3.03 |
430 |
58 |
13,197 |
190 |
*There may be some minor differences in totals due to rounding.
The following is a comparison of the above Mineral Resource estimate to the previous estimate in March 2008.
G-9 Measured and Indicated Resource Estimates** and Total Ore Mined at G-9 |
Estimate Date |
000s Tonnes
|
Zn
% |
Cu
% |
Ag (g/t) |
Au (g/t) |
March 2008
December 31, 2009 |
2,575
3,024 |
9.9
9.39 |
1.39
1.31 |
209
210 |
3.09
3.15 |
Ore Mined at G-9 to Dec 31, 2009 |
640 |
10.5 |
1.40 |
200 |
2.59 |
**Mineral resource estimates stated at 3% zinc grade cut-off.
The following table summarizes the estimated Mineral Resources for the Company at its other deposits on its 100% owned Campo Morado Property.
Mineral Resources at December 31, 2009 |
Contained Metal* |
|
Category |
000s Tonnes
|
Zn % |
Cu % |
Ag (g/t) |
Au (g/t) |
Zn
mm lb |
Cu
mm lb |
Ag
000 oz |
Au
000 oz |
South West Zone |
Inferred |
242 |
6.10 |
0.83 |
169 |
2.51 |
33 |
4 |
1,315 |
20 |
El Largo |
Indicated |
2,860 |
6.69 |
0.34 |
124 |
0.79 |
422 |
21 |
11,402 |
73 |
Inferred |
241 |
6.43 |
0.42 |
151 |
1.41 |
34 |
2 |
1,170 |
11 |
El Rey |
Indicated |
323 |
5.88 |
0.53 |
162 |
2.98 |
42 |
4 |
1,682 |
31 |
Naranjo |
Indicated |
577 |
6.00 |
0.66 |
178 |
3.11 |
76 |
8 |
3,302 |
58 |
Reforma |
Indicated |
1,173 |
5.9 |
0.58 |
262 |
4.74 |
153 |
15 |
9,881 |
179 |
Total |
Indicated |
4,933 |
6.37 |
0.45 |
166 |
2.14 |
693 |
49 |
26,267 |
340 |
Inferred |
483 |
6.26 |
0.63 |
160 |
1.96 |
67 |
7 |
2,485 |
30 |
*There may be some minor differences in totals due to rounding.
 |
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