San Salvador

OVERVIEW

Main Commodity: Silver
Secondary Commodity: Copper
General Data File in Ministerio Energía y Minas MEM

• UEA Mining Name: UEA Minera Rey
• PPM Constancy: 
• Right type: Mining
• Unique ID: N° 01-02647-06
• Mining right: Indeterminate
• Surface: 1,900 hectares

MINING OPERATION CERTIFIED (COM)

Owner (s):

• Minera Illari S.A.C.

District / Province / Department:

• Panao / Pachitea / Huánuco / Perú

Current Status:

• The project has approved the Environmental Impact Study, Investment required to proceed with mining permits.
• Minera Illari S.A.C. has agreed to provide under assignment to GOLDBANK.

TECHNICAL REVIEW

Mine type

• The deposit is hydrothermal  meso range hypothermic low sulphidation, hosted in andesites.

Deposit Type

• Veins containing gold and silver Outcrops about 800 metres

Operation type

• Underground Mine

Mining type

• Mechanized and semi-mechanized Cut and Fill Ascending
• Treatment Method mineral may have 2 types of treatment.
• First, choose rich ore and export.
• Second, the residual mineral flotation treatment.

Exploration Program

• Diamond drilling
• Ramps, Galleries and Cuts

Mining Program

• Projection 10,000 MT/Month

Permits status authorization

• Exploration Mining in process

Social License

• Authorized by the communities through agreements and surface land easement.

Surrounding communities

• 2 Communities, San Salvador y Cocatambo with 120 families approx.