PROJECTS - Don Sixto (La Cabeza)

Ojo - Discovery Drilling

In 2005 discovery drilling around Ojo focused on detailed RAB drilling, as follow up on anomalous regional RAB (refer to the section RAB Discovery Drilling). RAB sampling in more detail, to follow up anomalous 100 meter results to the immediate south of Ojo has outlined probable new veins in basal sediments, a geological location previously thought to have limited prospectivity at Don Sixto. These targets are presently being drilled by conventional RC drilling, which may then be included in the Ojo conceptual open pit, should a feasibility study be positive.

El Ojo - Resource Drilling

Drill Hole Zone From
(m)		 To
(m)		 Width
(m)		 Gold Grade
(g/t)
LCD- 28 Ojo 0.0 9.0 9.0 5.5
including 0.0 3.0 3.0 10.3
42.4 52.0 9.6 4.1
including 44 46 2.0 9.6
LCD- 29 Ojo 0.0 4.25 4.25 3.5
8.1 11.0 2.9 4.8
13.0 19.45 6.45 2.7
33.0 39.25 6.25 2.3
LCD-34 Ojo 39.0 40.0 1.0 1.4
LCD-49A Ojo 2.0 24.0 22.0 32.0
including 11.0 16.49 5.49 121.7
including 13.0 16.49 3.49 174.2
including 15.0 16.49 1.49 258.0
including 15.0 16.0 1.0 290.0
31.7 33.0 1.3 2.0
35.0 35.91 0.91 3.8
LCD-56 Ojo 3.0 4.0 1.0 1.2
12.0 13.0 1.0 1.1
14.0 15.0 1.0 472.0
18.0 19.0 1.0 3.8
21.0 22.0 1.0 1.1
23.0 25.0 2.0 1.5
LCP-103 Ojo 19.0 22.0 3.0 2.6
LCP-106 Ojo 0.0 9.0 9.0 8.2
including 0.0 3.0 3.0 21.2
21.0 30.0 9.0 1.5
LCP-107 Ojo 1.0 31.0 30.0 13.0
including 10.0 22.0 12.0 25.9
including 10.0 13.0 3.0 52.0
LCP-108 Ojo 3.0 6.0 3.0 1.6
21.0 24.0 3.0 1.4
LCP-109 Ojo 27.0 30.0 3.0 1.1
LCP-110 Ojo 4.0 13.0 9.0 0.6
LCP-116 Ojo 6.0 12.0 6.0 0.6
21.0 24.0 3.0 0.6
LCP-118 Ojo No Significant Results
LCP-119 Ojo 1.0 4.0 3.0 0.9
10.0 13.0 3.0 0.9
19.0 22.0 3.0 0.5
25.0 28.0 3.0 1.1
LCP-123 Ojo No significant results
LCP-124 Ojo 0.0 6.0 6.0 0.8*
39.0 48.0 9.0 0.6*
51.0 57.0 6.0 0.9*
including 51.0 54.0 3.0 1.2
LCP-125 Ojo 0.0 3.0 3.0 0.6*
6.0 15.0 9.0 0.8*
24.0 51.0 27.0 1.1*
including 24.0 33.0 9.0 1.3
and 42.0 51.0 9.0 1.4
LCP-126 Ojo 3.0 33.0 30.0 0.9*
including 3.0 12.0 9.0 1.1
and 15.0 18.0 3.0 1.1
LCP-133 Ojo 0.0 42.0 42.0 5.0**
including 10.0 11.0 1.0 22.1
and 33.0 39.0 6.0 14.3
including 33.0 36.0 3.0 19.3
LCD-56 Extension 42 45 3 3.3
71 72 1 1.1
73 74 1 2.2
LCD-71 5 6 1 2.4
15 16 1 1.8
17 18 1 1.6
19 20 1 1.7
21 24 3 10.8
including 23 24 1 28.8
29 30 1 2.2
34 36 2 1.5
37.05 40.3 3.95 2.8
LCD-72 0 12 12 2.2
39 51 12 6.5
56 58 2 1.1
64 65 1 1.2
80 81 1 1.1
84 87 3 1.8
LCD-74 19 21 2 1.3
25 27 2 1.0
28 32 4 1.1
36 43 7 1.3
44 45 1 1.2
47 48 1 1.3
52 55.42 3.42 2.5
74.45 77 2.55 2.1
LCP-191 22 25 3 2.4
Ojo Deposit

Refer to the note at the base of the drilling section discussing the channel sampling programmes at Don Sixto. Significant sawn channel sampling results for Ojo are presented below:

Channel Number Zone From (m) To (m) Sample Length 1 (m) Horizontal Length 2 (m) Gold Grade (g/t)
1 Ojo 0.0 10.0 10.0 10.0 2.3
36.5 58.0 21.5 20.5 2.7*
including 42.0 56.0 14.0 13.5 3.6
2 Ojo 15.3 99.7 84.4 78.0 6.0*
3 Ojo 82.2 108.2 26.0 23.5 1.3*
4 Ojo 19.8 39.8 20.0 17.5 3.4
4A Ojo 4.0 25.0 21.0 18.5 10.5
5 Ojo 8.0 60.0 52.0 47.5 1.3*

* Interval calculated at a 0.5 g/t gold cut-off; all others calculated at a 1.0 g/t gold cut-off from uncut gold assays.

Note 1 - Sample length is the actual length of sample collected, irrespective of topography and mineralisation orientation.

Note 2 - Horizontal length is the horizontal distance over which the sample was collected as determined by accurate survey. The true width of mineralisation may be equal to, less than, or, in some cases, greater than the horizontal length, dependant on the orientation of individual mineralised zones and topography.

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