Santa Monica

April 01, 2008.

Summary

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Santa Monica is adjacent to the La Preciosa project optioned by Orko from GoldCorp Inc. The Santa Monica Property covers over 17,285 hectares and is located approximately one hour and a half away by paved road from the City of Durango, in Durango State, Mexico. Currently, interpretation of recently completed field programs is underway.

Objective

To Locate a vein system like San Sebastian Mine (Hecla Au-Ag mine)

Strategy

• First Step: Regional quartz float sampling survey (Completed)


• Second Step: Local grid Geological Mapping, geochemical sampling (Completed)


• Third Step: Diamond drill program of initial target areas (Planned)

Available Data: Geophysical survey (I.P.); soil sample results, geological maps

A drilling program is expected to commence in the near future to test anomalous areas developed from the geophysical surveys, geochemical sample and geological mapping.

San Sebastian Mine
Discovery Method:

• Regional quartz float sampling survey


• Local grid each 25 meters sampling trenches


• Diamond drill program of initial target areas (70 ddh)

Annual Production: 80,000 oz Au Eq.
Cut-off: 4 gr.
Recovery: Ag 90%, Au 96%
Average Grade: 17 gr Au Eq.
Staff: 150 people (included 12 geologists)

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Santa Monica