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Crucero Gold Project

Overview

Project Location

The Property is located in southeastern Peru; physiographically in the Eastern Cordillera region and politically in the Department of Puno, Province of Carabaya, District of Crucero, and the Quadrangle of Limbani. The Property is located at approximately 14 10' 49" S Latitude / 69 49' 36" W Longitude at an elevation of about 4,350 meters above sea level. The nearest town is Crucero, located 45kms away from the Crucero Project. The closest city is Juliaca, about 150 Km to the south-southwest, which has an airport that is served by domestic flights that connect with Lima, the capital city of Peru, about 850 Km to the northwest.

Accessibility, Climate, Local Resources, Infrastructure And Physiography

The Property is located in the Cordillera Orientale portion of the Andes Mountain chain. Elevations in the immediate area of the Property range from about 4,300 meters above sea level (masl) to about 5,000 masl.

Vegetation at the prevailing elevations is restricted to valley bottoms where grasses and sedges predominate. The sides of the valleys and the mountains themselves are essentially bare of vegetation.

The South Inter-Ocean Highway between Peru and Brazil passes within about 50 Km of the Property and within about 25 Km of the town of Crucero, the largest community in the vicinity of the Property. The distance from Crucero to the Property is about 50 kilometers and road between the two is unpaved and largely unimproved as there is little regular traffic other than local villagers and seasonal herders.

The climate is typical of high alpine regions; generally cool and dry. The period between September and April is the rainy season which, given the present state of the road, makes access and therefore regular exploration work, difficult. Otherwise, exploration can be conducted here during the rest of the year with no exceptional difficulties.

Power is not available locally but the state grid has been extended to within eight kilometers of the Property. Water is available locally and abundantly. Whether the quantity is sufficient for sustaining a mining and processing operation is not known. There is no local labour force although Peru has a well-developed mining industry and a skilled labour force at all levels of the industry.

For historical information concerning the acquisition of the Crucero Gold Project, please see the Company's most recent AIF in the "INVESTORS / Financial Reports & Filings" tab on this website.