The Angostura Property covers approximately 6,800 hectares and is comprised of nine exploration concessions and two claims which cover the main portion of the Angostura Gold Prospect. The project is located in southern Peru in the Department of Apurimac, approximately 430 kilometers southeast of Lima and 180 kilometers southwest of the city of Cuzco, and can be reached along paved highways and gravel roads.

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Five mineralized zones have been identified on the Angostura Property to date with upcoming work focusing on the first two zones. Zone No.1 is approximately 150 metres long and has an average width of 30 metres. Zone No.2 is located to the east of Zone No.1 and work in 2003 defined a width of 75 metres with an average grade of 3.64 g/t gold. Silica-rich, iron manganese oxide structures have been identified approximately 2,100 metres to the west, and 2,700 metres to the east of Zone No.1.

A potential tonnage for the mineralized gold bearing structure has been estimated to be in the range of 45 to 90 million tonnes. The low end considers that only 50% of the calculated tonnes may contain potentially economic mineralization. Grades could range from 1.0 to 3.0 g/t gold based on surface trench and underground sample analytical results. It must be noted that this potential quantity and grade is conceptual in nature, as such, there has been insufficient exploration to define a mineral resource.

The 43-101 was written by one of the World’s most reputable Geological firms A.C.A Howe International.  All of the mineralization starts at surface.  There are number of trenches on the property with exceptional grade.  The strike length is close 5 km as stated above.  Bottle roll tests returned results of 90% on  Au recovery.

 

 

*43101 Technical Report by Mr. Victor A. Jaramillo, P. Geo., (Nov 30, 2006)-  A.C.A. Howe International, 2003 **Potential  Resource Estimate from P.Geo listed above. Non NI-43-101 Compliant Resource Calculation Potential quantity  and grade is conceptual Only 50% of the calculated tonnes may contain potentially economic mineralization.  Grades could range from 1.0 to 5.0 g/t gold  with an average grade of 4.97 over 2m (based on 2003 sampling results).