Lunahuana

Highlights

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• Located in central Peru in the Department of Lima
• Elevations from 500 to 2,700 m
• 12 claims covering 5,400 ha
• Road accessible, 160 km from Lima
• Numerous mineralized showings on surface
• Several mines within close proximity
• Local informal miners producing gold and copper from high grade narrow veins
• The Santa Rosa and Blanquitos zones ready to drill
• The Negritos, Vicky, and Cata zones need additional work prior to drilling
• Two IP chargeability anomalies indicate additional targets for buried mineralization
• Lunahuana lies within the coastal intrusive belt which hosts IOCG and VMS deposits and mines
  • Raul and Condestable (28 km west)
• 20MT @ 0.5 gpt gold and 1.5% copper
  • Cerro Lindo (58 km southeast)
• 50MT @ 4.5% Zn, 0.9% copper, and 31.8 gpt Ag
  • Marcona project - 5.8 B lb copper (2007 resource estimate)
  • Examples of economically important IOCG deposits include:
    Olympic Dam and Ernest Henry in Australia
    Salobo and Sossego in Brazil
    Candelaria, Mantos Blancos, Manto Verde and El Soldado in Chile
    
• Five main gold and gold-copper mineralized zones:
  • Blanquitos zone (0.1 km by 0.3 km)
    1.50 m @ 0.86 gpt gold & 4.37% copper
    5.00 m by 10.0m @ 6.0 gpt gold
    
  • Santa Rosa zone (0.3 km by 1.0 km)
    Trenches:
    T0 99 m @ 0.37% copper incl 17 m @ 1.37% copper
    T1 223 m @ 0.35% copper incl 60 m @ 0.72% copper
    T1.5 80 m @ 0.95% copper incl 29 m @ 1.29% copper
    
• Historic sampling did not assay for gold but recent grab samples from trenches contain up to 3 gpt gold
  • Los Negritos zone (over 1.5 km long) - 2.0 m @ 1.6gpt gold & >1.0% copper
  • Vicky zone covering (over 800 m long) - 0.6 m @ 104.53 gpt gold & 0.92% copper
  • Cata zone (two zones over 500 m long) - 3.4 m @ 1.52gpt gold & 3.21% copper
• Ready to be drilled and more work expected to define more drill targets

Upcoming Work Program

• Drilling at Santa Rosa and Blanquitos
• Additional mapping, rock and soil geochemical sampling to define drill targets at Negritos, Vicky, and Cata zones
• Drill IP anomalies