Outlook

• Work permits have been obtained for the property
• 3 km access road has been completed and the
  
• Driller’s and geologist base camp has been constructed
• A 1.5 million dollar drilling program is currently underway

Exploration Projections

Results to date indicate that the La Rayas mineralized zone is 35 meters wide, 300 meters deep and is greater than 700 meters long. Based on early projections, the zone is believed to contain 18 million tonnes with an average grade of 8.0 ounces silver per tonne and 0.02 ounces gold per tonne containing potentially 150 million ounces of silver. Doubling the depth of the zone would substantially increase the potential silver content to 300 million ounces. Additional exploration work is planned to convert the potential zones into a mineable deposit. Insufficient exploration has been carried out to define a mineral resource on the property and further exploration would have to be conducted to result in the discovery of a mineral resource on the property.