Cambalache Project Highlights •Currently in prod
Post# of 165
•Currently in production from one level with a second in development
•Project is generating revenue
•Three identified low sulfidation veins with demonstrated 0.5 m – 10 m widths, 500 m lengths, and 250 m heights
•Reported grades – 11% Pb/T , 15 oz/T Ag – Varying levels of Zn and Cu as potential products
•Reported high grade Ag ore shoot was developed at depth – Direct shipping ores were produced (200 oz – 500 oz/T - to be confirmed) in the late 1980's
•Project has mining, environmental, social, and plant permits
a) Estimated Grades: 11% Pb, 15 oz Ag, $542/T
b) Estimated Average Vein Dimension: Strike 500m, Depth 400m, Width 3m
c) Estimated Average Vein Potential: 1,800,000 T
d) Estimated Mineable Vein Potential: 450,000T x $542 = $243.9 M
Three veins identified:
1.35 M T @ $542/T = $731.7M