Mine

In the year 2008, the company acquired -from Blue Ice S.A. who purchased the claims in 2005, from Disputada Ltda.(a former Exxon Coal & Minerals Subsidiary)- the copper and silver minerals exploration claims named "Rafaela Uno a Rafaela Cinco", comprising a total area of 25 hectares situated in the hill that form the east slope of El Cobre Ravine in the Peña Blanca ranch, at Cabildo commune in the Petorca province in the Chilean Region of Valparaíso.

Resources

The estimates are based upon and accurately reflect data compiled by Mr. Antonino Moreno Geoligist from GSS Geostart Ltda., under the supervision of Mr. Jaime Silva, Senior Geologist from the company Minera Rafaela S.A.

The total, until now quantified, mineral resources to be extracted in ten years are 20,626,580 tonnes at a average of 0.89% Cu grade and with 16 grams per tonne of silver contain. However, mineralized zones exist up to 3% copper grade.

There is good potential to add resources to the Rafaela Mine, deeper from the current 350 meters below the surface, additional Cu sulphide ore and an estimate of 2 million tonnes additions of Cu oxide mineralization. The later potential exists in the vicinity of the surface, where there is a Cu oxide mineralization in the upper part of the deposit, having inferred and measure resource status. From the surface the Cu oxide mineralization is up to 70 to 80 meter deep.

Currently we are developing a diamond drilling campaign to collect detailed information on the mineralogy, lithology and minerals of the deposit. Related information is available for download.