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| | Josemaria The Josemaría Project is a large Au-Cu (Mo) porphyry system discovered by the Company in 2003. A 43-101 compliant resource estimate prepared for Josemaria has an inferred resource of 460 million tonnes at 0.39% TCu and 0.30 g/t Au at a 0.30% Cu cutoff. 43-101 Technical Report The Josemaria Project is located in northern San Juan Province, northwest Argentina. The Company holds a 100% interest. Japan Oil, Gas and Metals National Corporation ("JOGMEC") has an option to acquire a 40% interest by making a total of $6 million in exploration expenditures over a period of three years. Maps and Photos  Josemaria Location Map
Located in north-west San Juan Province, Argentina near the border with Chile.  Josemaria Drill Plan
Forty-eight reverse circulation holes (JMRC 1 - JMRC 30, JMRC 32, AP DDH 06, JMRC 33 -- JMRC 48) and seven diamond drill holes (JMDH 01 -- JMDH 07) totalling 21,639 meters have been completed over four drill campaigns (2003 - 2007). The 2009 - 2010 exploration season includes additional drilling.  Photo Josemaria Targets Nov. 20, 2009
A view of the Josemaria project looking south with drill targets at the northern end of the resource area. These targets are defined by anomalous talus Cu geochemistry and/or chargeability anomalies.  Josemaria Chargeability Model Nov. 20, 2009
The chargeability model shows high chargeability zones adjacent to the resource area. These zones are targeted by the 2009-2010 drill program.  Josemaria Drill Site Nov. 2009
Early season drilling at Josemaria, north of the current resource area. | | |
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