Cerro Dolores

Disclaimer

There are no resources or reserves on the Cerro Dolores property that have been prepared by standards outlined in NI 43-101. Luismin had prepared a reserve estimate in 1998 based on underground development and drilling. Those resource estimates do not follow the required disclosure for reserves and resources as outlined in National Instrument 43-101 as they were prepared in the 1980's prior to NI 43-101. The historic resource figures generated by Luismin have not been redefined to conform to the CIM approved standards as required in NI 43-101. The resource estimates have been obtained by sources believed reliable and are relevant but cannot be verified. No effort has been made to refute or confirm these estimates and they can only be described as historical estimates.

Upside Potential from Further Exploration of Cerro Dolores

It is management's intention to re-invest a portion of any cash flow from the El Transito property toward the exploration and development of other areas at Cerro Dolores. Previous work has identified mineralization over vertical and strike dimensions of 600 and 4000 meters respectively. It is believed that there is a strong possibility of developing reserves at Cerro Dolores in the 3-5 million tonne range grading some 11 oz/t silver and a combined 8% lead-zinc.

Click here to view Technical Report NI 43-101 Mar 16, 2004 (PDF 1MB)