MINERAL RESERVE ESTIMATE, PROVEN & PROBABLE

Property	Country	Tonnes (000s)	Ag (g/t)	Au (g/t)	Zn (%)	Pb (%)	Cu (%)
Caylloma	Peru	4,033	156	0.55	2.58	1.7	--

MINERAL RESOURCE ESTIMATE, MEASURED & INDICATED

Property	Country	Tonnes (000s)	Ag (g/t)	Au (g/t)	Zn (%)	Pb (%)	Cu (%)
San Jose	Mexico	2,690	295	2.27	--	--	--
Caylloma	Peru	268	64	0.31	2.17	1.18	1.11

MINERAL RESOURCE ESTIMATE, INFERRED

Property	Country	Tonnes (000s)	Ag (g/t)	Au (g/t)	Zn (%)	Pb (%)	Cu (%)
San Jose	Mexico	2,410	262	2.11	--	--	--
Caylloma	Peru	1,279	187	0.29	3.25	1.92	--

Caylloma Mine Technical Report - Technical Report (PDF, 6.87 Mb)

San Jose silver-gold Project - Technical Report (PDF, 18 Mb)


Qualified Person

Caylloma Resource Estimate

The resource estimate for Caylloma was prepared by Chlumsky, Armbrust & Meyer, LLC (CAM). Robert Sandefur of CAM acted as the independent Qualified Person as defined by National Instrument 43-101.


San Jose Resource Estimate

The resource estimate for the San Jose project in Mexico was prepared by Michael J. Lechner of Resource Modeling Inc. and by Donald F. Earnest of Resource Evaluation Inc. Mr. Lechner and Mr. Earnest have acted as independent qualified persons as defined by the Canadian National Instrument 43-101.  

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