At the Company’s 100% owned La Pepa project in Chile exploration successfully outlined a Miocene gold enriched porphyry. The best drill intersections from the past drill campaigns include:
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Hole From (m) To (m) Length (m) Au (g/t)
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LCV0001 12 24 12 1.16
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40 46 6 1.17
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66 88 22 1.18
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LCV0002 268 278 10 1.31
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LCV0003 260 266 6 1.06
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LCV0009 280 300 20 0.79
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LCV0010 254 296 42 0.74
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314 400 86 0.76
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344 400 56 0.83
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LCV0015 22 240 218 1.20
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LCV0016 106 200 94 1.02
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286 400 114 0.76
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In addition, the exploration team completed sampling of an underground adit completed through the porphyry deposit in 1994 and numerous surface trenches completed along road cuts for drilling. The sampling was completed along the walls of the adit and returned an average of 1.66 g/t Au along its entire length of 181.95 meters.
Infill drilling will commence during the 4th quarter of 2007 with the objective of defining a reserve and commencing a pre-feasibility study during 2008.
