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Cerro Condorini, Peru

The Cerro Condorini (Ag-Pb-Zn) Prospect was acquired in late 2005. The property comprises 1000 hectares next to an improved gravel road 10 km from the small town of Nunoa in the Department of Puno, southern Peru. Important projects in the region include Minsur's San Rafael tin mine 45 km to the NE, and Bear Creek's Corani project 35 km north where Bear Creek Mining is in the process of developing a substantial silver resource.

High grade silver, lead, and zinc mineralization has been found in historic mine workings as well as along strike to the NW in a broad zone up to 1.5 km wide that has been traced for over 5 kilometers. The mineralization is hosted in a sequence of interbedded Cretaceous sandstone and limestone. High-grade veins, breccias, and stockwork mineralization in limestone was the subject of historic production at the Leonor Mine, which operated over 40 years ago according to local residents. Select samples from ore piles contain up to 284 g/t Ag with 20% Pb & 20% Zn or a gross metal value of US$645 per tonne, using US$8.00/oz Ag, $0.80/lb Zn, & $0.50/lb Pb. Chip samples from mine exposures also contain high grades including a 3 meter chip sample across a breccia zone which ran 187 g/t Ag, 22.2% Pb, & 14.95% Zn or a gross metal value of $555 using the above prices.

Reconnaissance mapping and sampling along 5.5 km of strike, from the Leonor Mine northwest to the limit of the property, has encountered highly anomalous Ag, Pb +/- Zn, with associated Mo, As, & Sb. Most of the samples collected along the mineralized trend are of porous, limonitic, fine grained quartz sandstone that has undergone brecciation and/or stockwork calcite + sericite veining. These rocks are strongly oxidized and leached at surface. No sulfide minerals are present and it is possible that silver has been leached from surface and subsequently enriched at a relatively shallow depth. Such a zone of supergene enriched silver will be the principal target of ongoing exploration on the property.  
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