EX-2.20 22 exh_220.htm EXHIBIT 2.20

Exhibit 2.20

NI 43-101 TECHNICAL REPORT ON THE

TOLDAFRIA PROJECT

Manizales, Colombia

Prepared for

Rio Novo Gold Inc.

Dated

May 31, 2011

Prepared by

William J. Crowl, R.G.

Donald Hulse, P.E.

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

TABLE OF CONTENTS

Section |  | Title |  | Page

1. SUMMARY | 1
1.1 History and Ownership | 1
1.2 Geology and Mineral Resources | 4
1.3 Conclusions and Recommendations | 5
2. INTRODUCTION | 7
2.1 Terms of Reference | 7
2.2 Personal Inspection | 7
2.3 Units | 7
2.4 Acknowledgements | 7
3. RELIANCE ON OTHER EXPERTS | 8
4. PROPERTY DESCRIPTION AND LOCATION | 9
4.1 Property Location | 9
5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY | 13
5.1 Accessibility | 13
5.2 Local Resources and Infrastructure | 13
5.3 Physiography and Climate | 13
6. HISTORY | 14
6.1 Previous studies | 15
7. GEOLOGICAL SETTING | 17
7.1 Regional Setting | 17
7.1.1 Cajamarca Complex | 17
7.1.2 Manizales Stock | 17
7.1.3 Pyroclastic Flow Deposits | 18
7.1.4 Pyroclastic Deposits | 18
7.2 Tectonic Framework | 20
7.3 Local Geology | 20
7.3.1 Metamorphic Rock Unit (Pzc) | 20
7.3.2 Hypabyssal Igneous Rocks (Tpad) | 21
7.3.3 Recent (Holocene?) Alluvial and Pyroclastic Fall Deposits (Qal) | 21
8. DEPOSIT TYPES | 24
9. MINERALIZATION | 25
9.1 Mineralized Zones | 25
9.1.1 Concordant Veins or Veinlets | 25
9.1.2 Discordant Veins or Veinlets | 25
9.2 Gangue Mineralogy | 27
9.3 Alteration Mineralogy | 27
10. EXPLORATION | 37
10.1 CVME Exploration Program | 37
11. DRILLING | 38
12. SAMPLING METHOD AND APPROACH | 39

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12.1 Channel Sampling | 39
12.2 Sampling Methodology | 41
12.3 Office and Laboratory Analysis | 43
13. SAMPLE PREPARATION, ANALYSES AND SECURITY | 44
13.1 Sample Preparation | 44
13.2 Sample Analysis | 44
13.3 Sample Security | 44
14. DATA VERIFICATION | 46
14.1 Verification of the Quality Control Program | 46
14.2 2010 QA/QC Program | 46
15. ADJACENT PROPERTIES | 48
15.1 La Coqueta | 48
15.2 La Colosa (Anglo Ashanti Colombia) | 48
15.3 Marmato (Colombia Goldfields) | 48
16. MINERAL PROCESSING AND METALLURGICAL TESTING | 50
16.1 Mineral Processing | 50
16.2 Metallurgical Testing | 50
16.2.1 Resource Development Inc. | 50
16.2.2 Met-Solve Laboratories Inc. | 52
17. MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES | 55
17.1 Resource Estimation | 55
17.2 Assay Database | 55
17.3 General Statistics | 58
17.4 Modeling | 59
17.4.1 Variography | 59
17.4.2 Block Model | 62
17.4.3 Topography | 62
17.4.4 Resource Estimation and Search | 62
17.4.5 Resource Classification | 63
17.4.6 Resource Summary | 63
18. OTHER RELEVANT DATA AND INFORMATION | 67
19. INTERPRETATION AND CONCLUSIONS | 68
20. RECOMMENDATIONS | 69
20.1 Proposed Phase 2 Exploration Program | 69
20.1.1 Underground Sampling | 69
20.1.2 Trenching | 69
20.1.3 Drilling | 69
20.1.4 Metallurgical Tests: | 69
20.1.5 Ore Microscopy and Laboratory Quality Control | 69
21. REFERENCES | 75
22. DATE AND SIGNATURE PAGES | 77
23. ADDITIONAL REQUIREMENTS FOR TECHNICAL REPORTS ON DEVELOPMENT PROPERTIES AND PRODUCTION PROPERTIES | 81
24. ILLUSTRATIONS | 82

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LIST OF FIGURES

Figure |  | Page

Figure 1-1 Property Titles | 4
Figure 4-1 Toldafria Property Location (after Gaitan, 2009) | 9
Figure 4-2 Claims Status | 11
Figure 4-3 Approximate Location of the Toldafria Prospect | 12
Figure 7-1 Geology of the Manizales Area (after Moquera et al.1998a and Moquera et al, 1998b) | 19
Figure 7-2 Geology of the Toldafria Prospect (after Gaitan, 2009) | 23
Figure 9-1 Rose Diagram, Representing the General Tendency of Veins Concordant with the Foliation. | 26
Figure 9-2 Rose Diagram, Representing the General Tendency of Discordant Veins. | 26
Figure 9-3 Tunnel Locations and Names | 28
Figure 9-4 Hydrothermal Alteration | 29
Figure 9-5 Au Hosting Rock Sampling | 30
Figure 9-6 Au Host Rock Projection | 31
Figure 9-7 Mineralization in Veins | 32
Figure 9-8 Au Vein Sampling | 33
Figure 9-9 Veins Widths | 34
Figure 9-10 Veins Projected | 35
Figure 9-11 Au Veins Projection | 36
Figure 12-1 Country Rock Channel Samples | 42
Figure 12-2 Vein Channel Samples | 42
Figure 12-3 Field Duplicates | 43
Figure 13-1 Sample Storage Facility | 45
Figure 15-1 Location of Other Properties | 49
Figure 16-1 Laboratory Testing Process | 52
Figure 16-2 Gravity Test Flowsheet | 53
Figure 16-3 Gravity, Float and CN Leach Circuit | 53
Figure 17-1 Samples Used in Resource Estimation | 57
Figure 17-2 Probability Plots | 58
Figure 17-3 Variogram for Parallel (P)) Samples | 61
Figure 17-4 Variogram for Crosscut (X) Samples | 61
Figure 17-5 Cross Section Showing Vertical Connection between Adits | 66

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LIST OF TABLES

Table |  | Page

Table 1-1 Resource Summary by Classification | 5
Table 4-1 Toldafria Property Corners | 10
Table 12-1 Number of Samples for Various Mine Tunnels and Outcrops, 2009 | 39
Table 12-2 Number of Samples for Various Mine Tunnels, 2010 | 40
Table 12-3 Number of Samples for Various Mine Tunnels, 2011 | 40
Table 13-1 Assay Descriptions | 44
Table 14-1 SGS Laboratory Quality Control | 46
Table 14-2 Confirmation Samples Assay Results | 46
Table 16-1 Head Assays for the Composite Sample | 50
Table 16-2 Gravity Concentration Test Results | 51
Table 16-3 Gold Recoveries | 54
Table 17-1 Gold Statistics by Sample Type | 58
Table 17-2 Variogram Models | 62
Table 17-3 Block Model Dimensions | 62
Table 17-4 Block Model Dimensions | 63
Table 17-5 Resource Summary by Classification | 64
Table 17-6 Resource Summary by Search Pass | 65
Table 20-1 CVME Toldafria Budget – Phase 2 | 71
Table 20-2 Cash Flow – Phase 2 | 72
Table 20-3 Phase 2 Schedule | 74

LIST OF APPENDICES

A Assay Database

B 2010 QA/QC Program Report (in Spanish)

C Met-Solve Laboratory, Inc. Test work Report

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| 1. | SUMMARY

Gustavson Associates, LLC (Gustavson) was commissioned by Rio Novo Gold Inc. (Rio Novo) to prepare a Canadian National Instrument 43-101 (NI 43-101) compliant Independent Technical Report (Technical Report) of the mineral resources of the Toldafria Prospect, Villamaria District, Department of Caldas, Colombia.

Core Values Mining & Exploration Company (“CVME”), a private company, acquired an option to purchase the Toldafria claim, title GEWM-12, currently owned by Nestor Jose Gutiérrez Gómez, on February 19, 2009. CVME subsequently optioned a portion of the Project to Universal Gold Mining Corporation (“Universal”) pursuant to an option agreement dated April 23, 2010, wherein Universal has the right to earn-in up to 50% interest in the Project (the “Option Agreement”). On April 8, 2011, Rio Novo Gold Inc. entered into binding Letter of Intent (“LOI”), subject to confirmatory due diligence, with CVME to acquire a 75% operating interest in the Toldafria Gold Project. On May 31, 2011, Rio Novo completed the acquisition of CVME’s 75% interest in the Toldafria Gold Project and also executed an agreement with Universal to acquire the remaining interest in the project, making Rio Novo the 100% owner of the Project. From 2009 to the present, CVME has carried out exploration of the Toldafria claim.

| 1.1 | History and Ownership

Gold mining in Colombia dates back to pre-colonial history. Gold mining was first performed by the native inhabitants of the northern Andes who were some of the region’s foremost goldsmiths. Placer and vein gold were mined by Colombian Indians mainly in the Cauca and Magdalena drainages with a surprising amount extracted from lodes in Buritica and in Antioquia.

When the Spaniards arrived they began searching for various precious metals fueled by tales of “El Dorado”. During the Spanish colonial times, gold was extracted from three main areas, the Cauca River drainage, the upper and middle Magdalena River drainage, and the Pacific coastal area. The northern Andes or New Granada as it was known, became Spain’s largest gold producer but ranked as Spain’s third largest mining area. This was due in part to Colombia lacking large silver deposits as were found in Mexico. At the end of the eighteenth century, Colombia provided Spain an average annual production of 18,000 Castilian marcos or 4,140,000 grams (West, 1952).

It is unknown when mining began at Toldafria. The earliest mention of mining at Toldafria is by Vicente Restrepo (1886) where he mentions “three leagues from Manizales is the large vein at Toldafria.” The Toldafria prospect is known to have been exploited by artisanal gold miners since at least the early 1900’s. Exploitation of the area began as placer mining in the Rio de California at the base of the prospect and later continued underground.

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In his 1901 manuscript, Fortunato Pereira-Gamba documented artisanal gold mining in the Toldafria area. Ore was hand crushed and run through a stamp mill and the crushed fines were then panned for gold. Gamba reported a gold production at Toldafria of up to 22 ounces per day by artisanal methods. In the book Monographs of Rufino Gutierrez (1921), Gutierrez indicates that Toldafria gold production was approximately 20 pounds per month. The current property owners report gold production of 8 to 15 pounds per month. Today there are approximately six kilometers of tunnels, drifts, and crosscuts. (Gaitan, 2009).

Within the last 10 years there has been an increase in interest by foreign gold producers in historic artisanal mines in Colombia. Companies such as Colombian Goldfields (Marmato Prospect), Greystar (California, Santander and Anglo Gold Ashanti (Colosa Prospect, 10 MM oz) have begun developing mines within the Colombian Cordillera. Gustavson has not independently verified this resource estimate.

The Toldafria Project is a 164 hectare mining property. The Toldafria claim, Mining Title GEWM-12, is owned by Nestor Jose Gutiérrez Gómez (“the Permit Holder”).whose family has been working the claims for the last 40 years. The Permit Holder agreed to sell his interest in the Project to CVME pursuant to an agreement dated February 19, 2009. CVME subsequently optioned a portion of the Project to Universal Gold Mining Corporation (“Universal”) pursuant to an option agreement dated April 23, 2010, wherein Universal had the right to earn-in up to 50% interest in the Project (the “Option Agreement”). On April 8, 2011, Rio Novo Gold Inc. entered into binding Letter of Intent (“LOI”), subject to confirmatory due diligence, with CVME to acquire a 75% operating interest in the Toldafria Gold Project. As purchaser of the CVME interest, Rio Novo is bound by the February 19th Agreement and inherits US$750,000 in remaining payments to the Permit Holder. On May 31, 2011, Rio Novo completed the acquisition of CVME’s 75% interest in the Toldafria Gold Project and also executed an agreement with Universal to acquire the remaining interest in the project, making Rio Novo the 100% owner of the Project.

Rio Novo and the Permit Holder will work together to convert the existing 10 year license to a 30 year concession contract. The Project has an Environmental License for small-scale mining, which will have to be modified for a modern mine under the Colombian mining code process. Rio Novo intends to manage all such processes, conversion to concession contract, exploration permits, environmental approvals and mining consents & authorizations at the local level, establishing community relations, sustainability and institutional relations efforts as a priority in the development of the project.

Immediately to the northwest of the Toldafria claim (Title GEWM-12) are several tracts owned by the Arias Orozco Family. Anglo Gold Ashanti Colombia has been in possession of large tracts, titles EIG-164 and ICQ 080111X which surround both the Gutiérrez Gómez (Toldafria) and Arias Orozco tracts (Figure 1-1).

The mining permit is located on surface owned by the Hydroelectric Company of Caldas (CHEC) with whom the appropriate permits must be obtained.

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CVME’s attorney, Dr. Hernando Escobar, performed a “Due Diligence” review of title GEWM-12 finding that it met normal standards. As mentioned, the permit holder is in the process of converting the current 10-year Mining Title to a Contract of Concession with a use of 30 years. The Mining Title has an approved Environmental Management Plan for small mining which will have to be modified to the exigencies and projections of Rio Novo.

The exploitation License No. 163-17 was extended in January 22, 2010 for 10 years, in accordance with Resolution No. 0144.

The environmental license will need to be expanded for the new operation. It will be necessary to plan Rio Novo’s full program of exploration-exploitation, including process plant type, metallurgical processes, impairment of natural resources, disposition of tails, etc.; and to submit an updated Environmental Management Plan, to the Environmental Authority when such work has been completed. There are on-going discussions with Corpo Caldas (the Caldas State Environmental Authority) to work out several environmental permitting issues.

Mr. William Crowl, a Qualified Person (QP) from Gustavson Associates has visited the CVME, Toldafria Prospect in January of 2010 and again in February of 2011. Mr. Crowl reviewed the mine site geology, sampling and sample splitting and storage procedures. In 2010, two samples were taken from existing channels within the La Ramada tunnel for verification, and one sample from the El Retiro workings. These samples were sent to ALS Minerals in Reno, NV for gold/silver fire assay. It is Gustavson’s opinion that the work performed thus far on the prospect meets industry standards.

The Toldafria prospect is located approximately 10 km southeast of the city of Manizales in the Villamaria municipality, Department of Caldas, Colombia. The city of Manizales has good infrastructure, services, and available workforce. Access to the Toldafria Prospect is by 5 km of paved road to Gallinazo where a four-wheel-drive accessible road is taken for another 5 km to the Toldafria trailhead. Access from the trailhead to the mine site office is by a heavily incised pack animal trail. Approximate transit time from the trailhead to the mine site is 1.5 hours. Currently all supplies and personnel are brought to the site via pack animal. Construction of a road to supply the camp is in progress.

CVME built an exploration base camp and secured sample storage facility at the site. Pre-existing structures include several old stamp mills. Power at the mine site is supplied by generator. There is currently no land line phone service at the site and cell phone reception is intermittent.

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Figure 1-1 Property Titles

| 1.2 | Geology and Mineral Resources

The Toldafria deposit is situated within the north Andes Mountain Belt, known as the Colombian Central Cordillera. The style of mineralization is consistent with that of fracture filling stockwork in a low sulfidation, epithermal system in a host rock of Paleozoic schist.

Mineralized veins and veinlets are found to strike in two orientations. The first group of veins has a general strike and dip of N15°-30°E, dipping 22°SE and is concordant to foliation. The second, discordant group of veins has a general strike of N40°E, N-S, N50°W with dips of 65SE and 70SW. Discordant veins are typically between 2 – 4 cm and never exceed 12 cm in width.

From 2009 to early 2011, 2,041channel samples were taken by CVME in tunnels, 17 samples from outcrops and 11 from surface sediments. for a total of 2,069. Channel samples representative of 5m of tunnel were taken from crosscuts and drifts. Crosscut samples were taken from the rib, oriented across the foliation. Parallel drift samples were taken out of the back in a continuous zigzag pattern, from rib to rib.

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An assay database of the channel samples, the outcrop samples and the sediment samples (totaling 1,664 samples) was created and loaded into MicroMODEL software. A kriged grade interpolation was performed with a search radius oriented with variography which mimics structure. With the sampling of adits above and below each other, a small part of the resource has been considered as Indicated and the balance of the mineral resources for this estimation were classified as Inferred. Table 1-1 shows the results of resource estimation.

Table 1-1 Resource Summary by Classification

Cutoff | Metric | Au_OK | Au Oz
Au (g/t) | Tons | Estimated | Contained
| x1000 | Au (g/t) | x1000
Indicated Resource
3.00 | 12 | 9.52 | 3.67
2.00 | 19 | 7.10 | 4.34
1.00 | 28 | 5.16 | 4.65
0.50 | 40 | 3.88 | 4.99
0.30 | 52 | 3.05 | 5.09
0.10 | 58 | 2.77 | 5.17
Inferred Resource
3.00 | 2,585 | 6.57 | 546
2.00 | 4,181 | 4.99 | 671
1.00 | 8,061 | 3.26 | 845
0.50 | 12,370 | 2.38 | 947
0.30 | 15,873 | 1.94 | 991
0.10 | 22,179 | 1.44 | 1,029

| 1.3 | Conclusions and Recommendations

Observations made during Mr. Crowl’s site visits confirm the descriptions of the gold mineralization provided by CVME. Surface expressions of past gold mining activity are common, with abandoned and overgrown workings dotting the hills in the immediate area of the prospect. Inspections underground revealed very narrow steeply dipping, strike-persistent mineralized quartz veins and quartz-filled fractures exposed over considerable drift lengths. The horizontal spacing between these very narrow quartz veins was not consistent in the areas visited. It is important for CVME to establish the density of veining in the Toldafria area before further development decisions can be made. The concordant veins in the schist are far more sulfidic than the narrower vertical veins. The extent to which these veins are projectable for any appreciable distance will be directly related to the results of the proposed drilling program.

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CVME’s initial exploration program confirmed the significant presence of gold mineralization which has been mined on a small scale for more than a hundred years. Although the sampling was extensive in available underground workings, additional sampling such as core drilling will be needed to establish geological continuity of the 2 types of mineralization present. Given the mining history of the area with underground mines of much higher grade, and the close spacing of some of the known mineralized structures, it is reasonable to expect to expand this resource with further sampling using surface and/or subsurface core drilling, as well as, surface trenching.

The mineral resources estimated and reported herein are considered by Gustavson to meet the requirements of NI 43-101 for classification as indicated and inferred. Future efforts by Rio Novo to better define the mineral system at Toldafria will allow for a consideration of re-classification.

CVME has provided in depth exploration to define an inferred resource of 947,000 ounces of gold at a cutoff of 0.5g/t and a small indicated resource of 5,100 ounces. Gustavson recommends that an exploratory drilling program be implemented to further define the resource and provided geologic and geo-statistical support to better delineate vein systems. Further geologic investigations will be needed to ascertain an appropriate data density to establish geologic continuity of mineralization in 3 dimensions. Both surface and underground drilling is recommended.

CVME has proposed a Phase 2 exploration program of 10 core holes totaling 3000m. CVME has estimated a budget for the next year (Phase 2 cost of approximately US$944,000). Gustavson considers that the budget is adequate to accomplish the stated purpose of the program and to advance to the next decision point.

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| 2. | INTRODUCTION

In early 2010, Gustavson Associates, LLC (Gustavson) was commissioned by Core Values Mining and Exploration Company (CVME) to prepare a Canadian National Instrument 43-101 (NI 43-101) compliant Independent Technical Report (Technical Report) of the mineral resources of the Toldafria Prospect, Villamaria District, Department of Caldas, Colombia. Subsequently, Gustavson was commissioned by Rio Novo Gold Inc. (Rio Novo) to prepare the same report for filing with the appropriate Canadian authority on behalf of Rio Novo.

| 2.1 | Terms of Reference

This report has been prepared in accordance with the guidelines provided in NI 43-101, Standards of Disclosure for Mineral Projects dated December 31, 2005. The Qualified Persons responsible for this report are:

| · | William J. Crowl, R.G., Vice President, Mining Sector, Gustavson Associates

| · | Donald E. Hulse, PE, Principal Mining Engineer, Gustavson Associates

| 2.2 | Personal Inspection

The Qualified Person, Mr. Crowl, cited in Section 2.1 visited the Toldafria Prospect in January of 2010 and again in February of 2011.

| 2.3 | Units

All measurements used for this project are in SI (metric) units or other units as specifically noted.

| 2.4 | Acknowledgements

Gustavson wishes to thank the staff of CVME and Rio Novo for their hospitality during the site visits, and excellent support in preparing this Technical Report.

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| 3. | RELIANCE ON OTHER EXPERTS

Gustavson has not independently conducted any title or other searches, and has relied upon CVME and Rio Novo for information on land ownership, tenure and permit status. Gustavson’s understanding of the project has relied on information provided by CVME, samples collected during the site visits and direct observations by Mr. Crowl. There are portions of Gustavson’s mineral resource estimate that used the data provided, as well as, the assistance of the CVME staff, including:

| · | Richard C. Moores, II, Chief Executive Officer & Chairman, CVME

| · | Hugo Eduardo Gaitan, Project Director (Deceased in late 2010)

| · | Lucas Cortés Salamanca, Exploration Geologist

Each of CVME’s staff and consultants are experienced in their particular specialty. Gustavson has critically reviewed the consultant’s work products before incorporating the data into the mineral resource estimation effort.

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| 4. | PROPERTY DESCRIPTION AND LOCATION

| 4.1 | Property Location

The Toldafria Prospect is located approximately 10 km southeast of the City of Manizales in the Villamaria District, Department of Caldas, Colombia. The elevation of the prospect ranges from 2,800 to 3,000 meters above sea level within the Central Colombian Cordillera of the Andes Mountain chain.

Figure 4-1 Toldafria Property Location (after Gaitan, 2009)

The Toldafria prospect otherwise known as title GEWM-12, is currently the property of Nestor Jose Gutiérrez Gómez. The mining permit is located on surface owned by the Hydroelectric Plant of Caldas (CHEC), from whom the relevant permits must be obtained. The property comprises approximately 164 hectares. Property corners of GEWM-12 are shown in the following table and Figure 4-2. Figure 4-3 shows the relative location of the Toldafria claim to Manizales and infrastructure.

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Table 4-1 Toldafria Property Corners

Point | Easting UTM | Northing UTM | Latitude | Longitude
1 | 848500 | 1039680 | 4° 57’ 13.05” N | 75° 26’ 36.20” W
2 | 849340 | 1039680 | 4° 57’ 13.10” N | 75° 26’ 8.94” W
3 | 849340 | 1039600 | 4° 57’ 10.50” N | 75° 26’ 8.93” W
4 | 849630 | 1039600 | 4° 57’ 10.52” N | 75° 25’ 59.52” W
5 | 849630 | 1038200 | 4° 56’ 24.95” N | 75° 25’ 59.43” W
6 | 848500 | 1038200 | 4° 56’ 24.88” N | 75° 26’ 36.10” W

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Figure 4-2 Claims Status

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Figure 4-3 Approximate Location of the Toldafria Prospect

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| 5. | ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY

| 5.1 | Accessibility

The Toldafria Prospect can be accessed via paved road which that leads from the Enia District to Nevado del Ruiz. At approximately 5 km from the Enea District at location known as “Gallinazo”, the road becomes unpaved, accessible by four-wheel-drive vehicles only. The Toldafria trailhead is approximately 5 km from Gallinazo. The Toldafria Trail is a deeply incised trail accessible only to hikers and pack animals. It is approximately 1.5 hours travel time from the trailhead to the Toldafria Mine Camp.

| 5.2 | Local Resources and Infrastructure

The Toldafria Prospect is approximately 10 km from Manizales, a city of approximately 300,000 people and the Caldas Department capital. It is the commercial and agricultural center for the region and is in the heart of Colombia’s coffee producing area. Highways connect Manizales to other large cities such as Medellin and the capital city of Bogota.

In late 2010, and continuing into 2011, CVME has been pioneering a road to the Toldafria project site. There have been a number of challenges associated with the road building, including permitting stream crossings, cutting of trees and right-of-way negotiations. The high rainfall of 2010-2011 has resulted in slower than expected progress in completion of the road (Figure 4-3).

There is no electrical power a the mine site. Electricity is currently supplied by generator. Negotiations are being conducted with Hydroelectric Plant of Caldas to assess the viability of providing electrical power to the mine site. Approximately 4km of power line will have to be constructed.

| 5.3 | Physiography and Climate

The mine site ranges in elevation from 2800 to 3000 m above sea level. The topography is mountainous and abrupt. The area is marked by mass wasting features (creeps, slumps and slides) due to the large amount of rainfall. Average annual rainfall over a 30 year period is 149.5 cm per year. Monthly mean high temperature is relatively stable fluctuating from 23.7 to 25.0 degrees Celsius throughout the year (IDEAM, 2010).

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| 6. | HISTORY

Gold mining in Colombia dates back to pre-colonial period. Gold was first mined by the native inhabitants of the northern Andes who were also some of the regions foremost goldsmiths. Placer and vein gold were mined by Colombian Indians mainly in the Cauca and Magdalena drainages with ore extracted from lodes in Buritica and in Antioquia.

Tales of “El Dorado” prompted the Spaniards to search for precious metals. Gold was extracted during the Spanish colonial era from three main areas, the Cauca River drainage, the upper and middle Magdalena River drainage, and the Pacific coastal area. The northern Andes or New Granada, as it was known, became Spain’s largest gold producer but only Spain’s third largest mining area. Colombia lacked large silver deposits as were found in Mexico. At the end of the eighteenth century, Colombia provided Spain average annual production of 18,000 Castilian marcos or 4,140,000 grams (West, 1952).

The earliest mention of mining at Toldafria is by Vicente Restrepo (1886) where he mentions “ three leagues from Manizales is the large vein at Toldafria.” The Toldafria prospect has been exploited by artisanal gold miners since at least the early 1900’s, first as placer mining in the Rio de California at the base of the prospect and later underground. Today, there are approximately six kilometers of tunnels, drifts, and crosscuts.

Early artisanal gold mining at the Toldafria area was documented by mining engineer, Fortunato Pereira-Gamba. In his 1901 manuscript, MINERAL WEALTH OF THE REPUBLIC OF COLOMBIA (Harvard College Library) he mentions that the Manizales District has great potential for gold mineralization, describing the mineralization as consisting of extremely narrow (1 to 2 cm) persistent veins, and surprisingly rich. He describes the main veins as sub-horizontal veins crossed by vertical systems with some very rich and others sterile; and stockwork mineralization similar to “los Alemanes???”. The artisanal miners hand crushed the ore and ran it through a stamp mill. Crushed fines were panned for gold. Gamba reported gold production at Toldafria of up to 22 ounces per day using this method.

In the book Monographs of Rufino Gutierrez (Library Luis Angel Arango, Bogotá, Volume 1, National Press, 1921), the Toldafria mine is mentioned as one of the oldest mines with California mills and gold production of up to 20 pounds per month.

As recently as 1972, the Toldafria mining title was the property of Mr. Jose Gutiérrez Giraldo until his death. The property was passed down to his son, Nestor Jose Gutiérrez Gómez, the current title owner. Since 1972, gold ore has been mined and processed in five California stamp mills located on the site. Production for the period has been variable with reported monthly sales of 8 to 15 pounds (Néstor Gutiérrez, personal communication).

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Within the last 10 years there has been an increase in interest by foreign gold producers in the historic artisanal mines in Colombia. Companies such as Medoro Resources (Marmato Prospect), Greystar (California, Santander) and Anglo Gold Ashanti (Colosa Prospect, 10 MM oz) are developing mines within the Colombian Cordillera. Gustavson has not independently verified this resource estimate.

| 6.1 | Previous studies

Lopez (1978), observed metamorphic rocks of the Cajamarca Complex and intermediate to acid composition subvolcanic stocks containing gold mineralization in veins and veinlets in the area between Manizales and Villamaria. He performed quantitative chemical determinations for gold, silver and copper followed by spectrographic analysis of the most representative samples. He concluded that the more valuable vein deposits of the region (gold, silver and antimony) are classified as epithermal, fracture filling or stockwork, related possibly to the intrusion of porphyritic bodies of dacitic to andesitic composition that were emplaced during the late Tertiary. He drew no conclusion about the quartz diorite body to the east of Manizales and the gold mineralization.

Pulido (1988), completed a geochemical study of a series of rock chips analyzed with atomic absorption and complete spectrography, concluding that the region of the California and Toldafria mines offered good potential for development of an exploration campaign and systematic sampling to delineate precious metal mineralization associated with stockworks with the possibility of developing a large mining operation.

In 1994, a gold resource mining development plan in the Department of Caldas was completed under an agreement of technical and financial cooperation between the Government of Caldas, Mineralco’s Office of Mining Affairs, and the University of Caldas with their senior Geology and Mines faculty. The plan concluded that the Toldafría mine hosts ten mineralized structures corresponding to tabular seams with centimeter thicknesses (1-5 cm) and one structural direction between N20°W and N20°E with subvertical dips. Mineralization was located in intense zones of fracturing. They defined the Toldafria deposit as an epithermal type based on the fracture filling and quartz druses. In hand samples, they found the mineralogic assemblages of pyrite, galena, and gold/silver in a silicious gangue.

According to Camacho, et al. (1999), a dike was found in the El Breque level of the Las Antiguas workings with an approximate thickness of 7 meters in contact with graphitic schist. Mineral associations in the dike indicate that it can be classified as a porphyritic basaltic andesite. The dike is saussuritized and contains pyrite. An east trending 1.5 km2 body of andesite porphyry was also identified.

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Golden Amera INC. Resources, Grosso Group (2008), completed a reconnaissance report of mining titles of the Municipality of Villamaria between Toldafria, California and Maltería.. Within the excavated workings, 83 samples (47 country rock and 36 veins) were taken with a reported average grade of 0.27 ppm of Au for the country rock and 13.8 gr/tonne Au for the veins. The country rock samples were collected in continuous sections of 20 to 40 meters in length in the crosscuts of the La Antioquia, El Oriental, and La Divisa tunnels of the Toldafria Mine and the El Breque, Zanjón Hondo, and California tunnels of the California Mine. The vein samples comprised two to three pounds of vein material in distinct locations in the ribs of the tunnels.

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| 7. | GEOLOGICAL SETTING

CVME provided all geologic work and descriptions provided within this section with Spanish translation by Gustavson. This section is translated and paraphrased from reports written in Spanish by CVME.

| 7.1 | Regional Setting

The study area is located on the west flank of the Central Mountain range and is part of the Cauca - Romeral geologic zone (Lozano and Pulido, 1986). Paleozoic and Cretaceous aged igneous and metamorphic rock units outcrop within this zone.

| 7.1.1 | Cajamarca Complex

The metamorphic Cajamarca Complex forms the nucleus of the Central Mountain range in a N - S strip, made up of four general lithologic groups. (Gonza'les, 1993):

| · | Pelitic group: Sericitic schist, feldspathic gneiss and low metamorphic rank rocks;

| · | Quartzose group: Quartzites;

| · | Calcareous group: Marbles

| · | Basic group: amphibolites, greenschists.

These Paleozoic (Cambrian to Ordovician) rocks were weakly, regionally metamorphosed by Mesozoic (Ibagué batholith) and later intrusions of hypo-abyssal bodies of intermediate to dacitic porphyry composition. These intrusions are expressed as an andesitic porphyry body extending NNW and outcropping east of the Toldafria prospect, and in the Gallinazo stock, located to 5 km to the north of the area. Dikes and apophyses of these bodies are common.

Structurally, the rocks of the Cajamarca Complex display a N-S regional strike concordant with the Andean regional trend, with slight variations especially in the Eastern flank, where it has been disturbed (González and Nuñez, 1991). The dominant N-S trend prevails on the Western flank.

The Cajamarca Complex rocks form the host for the precious metal mineralization, related to the Mesozoic and Cenozoic intrusions. The mineralization is manifested by a great number of enriched quartz/sulfide seams, gold and silver, occasionally concordant with the strike and dip of the foliation or in zones weakness and jointing, generating stockworks and filled fissures.

| 7.1.2 | Manizales Stock

The Manizales stock, located east of Manizales on the western flank of the Central Mountain range, is predominantly tonalitic and oval-shaped, parallel to the axis of the mountain range (González, 1993) Most of this unit is covered by younger pyroclastic rocks from recent volcanic activity in the area, intruding the metamorphic rocks of the Cajamarca Complex.

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The tonalitic to granodioritic stock is predominantly phaneritic to equigranular with intermediate quartz, plagioclase, potassium feldspar and biotite as the main minerals, and apatite, zircon, sphene, alunite as opaque accessories (González, (1995) in González and Jaramillo (2002).

According to Jaramillo (1978), age determinations by fission tracks method yielded ages of 62.4. ± 3.6 m.a in zircon and 10.5 ± 1.0 m.a in apatite. The latter age in apatite age indicates time passed after the rock had cooled below 100°C. The zircon age agrees generally with the K/Ar in biotite age of 57 ± 2 m.a. reported by McCourt et al. (1984).

| 7.1.3 | Pyroclastic Flow Deposits

These deposits correspond to volcanic mud flows modified byre-deposition of volcanic material, especially of ash-gray, sands, lapilli and fragments of volcanic rocks of pyroclastic origin.. This cycle began between the Pleistocene and Holocene (Herd (1974) in González and Jaramillo (2002), Thouret (1984) in González (1995)).

| 7.1.4 | Pyroclastic Deposits

Local pyroclastic deposits are made up of pumice fragments of dacitic composition, as well as, porphyritic andesite fragments, forming interbedded ash layers with piedmont deposits, as at Enea and Maltería. The age for these deposits corresponds to the Pleistocene - Holocene interval and represents vestiges of the quaternary volcanic activity in the volcanic complex Cerro Bravo - Ruiz - Tolima. (Naranjo and Rivers, 1989).

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Figure 7-1 Geology of the Manizales Area (after Moquera et al.1998a and Moquera et al, 1998b)

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| 7.2 | Tectonic Framework

The regional area is affected tectonically by the Romeral and Palestina system of faults and satellite faults to the regional system especially the WNW – ESE Villamaría-Termales fault, described by Thouret, (1985) and Naranjo and Rivers, (1989). They appear as an extensional strike-slip fault associated with a series of volcanic intrusions and domes, like the Sancancio, Tesorito, Gallinazo, Amazon and Lusitania domes, all aligned along the strike of the fault. This tectonic framework controlled the Toldafría mineralized structures and the associated minor faulting, the principal joint directions and intrusions of hypabyssal bodies as are present in the area.

| 7.3 | Local Geology

The 164 Ha Toldafria prospect is made up of hypabyssal metamorphic and igneous lithologies with a volcanic and sedimentary cover. Tectonically, the region is dominated by a series of associated structural lineaments (shear zones), overprinting the rocks with a cataclastic texture that localizes the veins and veinlets of the gold mineralization.

| 7.3.1 | Metamorphic Rock Unit (Pzc)

The Metamorphic Rock Unit (Pzc) makes up 83% of the local lithologies., typically as an interfingered sericitic quartz carbonaceous schist package complexly and sporadically interbedded with occurrences of actinolite hornblende schists and quartzites belonging to the Cajamarca Complex rocks.

The main macrocospic characteristics of this unit are: penetrative foliation defining a schistose texture, fine grain size, a silky feel, representing tonalities that are gray on fresh surfaces and brown on the weathered surfaces.

The rock has a mineralogical composition of quartz (30%-40%), plagioclase (10-15%), graphite (10-12%), sericite (10%-20%), chlorite (5-10%) and opaques (5-8%).

Structurally, the foliation displays a general tendency N30°E dipping SE, ranging from a strike of N-S dipping E and N10°W dipping SW, although due to tectonic effects micro-folding is recurrent.

Massive pyritization is commonly observed with the appearance of lenses and milky quartz veinlets concordant with the foliation where, and cavities and open spaces filled with iron oxides, whose thicknesses range between 0.1 cm and 20 cm. Discordant with the foliation, striking N-S, are vertical to subvertical mineralized structures filled with massive sulfide mineralization.

Toward the East of the area, this unit is intruded by hypabyssal igneous rocks, overlain by a volcano-sedimentary sequence. The main outcrops are observed toward the South and Southeast of the prospect area, on the right flank of the Quebrada Tolda Fría. Small outcrops are noted- towards the Southwestern sector in the Zanjón de los Pájaros and the tributaries of the Quebrada Chupaderos , as well as throughout the pack animal road that leads towards the Toldafria Mine.

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| 7.3.2 | Hypabyssal Igneous Rocks (Tpad)

The hypabyssal igneous rocks (Tpad) make up 15% of the lithologies in the area, appearing as an elongated body extended in a N-S direction. Within the area, it is common to find dikes of the same composition measuring 8 m thick cutting the metamorphic sequence.

The Tpad macrocospically appears as a massive rock,- dark gray when fresh and brown to cream when weathered. Phenocrysts vary from euhedral to subhedral, made up of plagioclase (30%) (defining the porphyritic texture), biotite (20%), hornblende (25%), quartz (5%-10%) and iron oxides (0,5%-1%), classified as an Andesite porphyry. Mineralization of this body has not been identified in the field, but mineralization has been observed in the adjacent California mine immediately to the East, in the El Breque tunnel, appearing as a dike 8 m thick of the same composition, intensely mineralized with sulfides of lead copper and iron.

The main outcrops of this unit are located in the northeast region, east and south-east of the prospect on the Quebradas Toldafria and Zanjon de los Pajaros, as in the central and upper divide of the Quebrada California and Quebrada Toldafria This unit correlates with the porphyritic bodies of andesitic-dacitic composition of the Neogene reported by Herd (1974).

At Toldafria, mineralization in the andesitic porphyry has not been observed. However, in the Gallinazo sector, 5 km to the North of Toldafria, the porphyritic textured Gallinazo stock is intensely hydrothermically altered (silicified and argillized), with veinlets of quartz and abundant fractures mineralized with pyrite (2-3% in volume),containing scattered very fine free gold, in free state, electrum (alloyed with silver) and, possibly, gold combined with the pyrite. There are also occurrences of sphalerite, chalcopyrite, possibly soft arsenopyrite and galena.

Pulido (1988) speculates that the Gallinazo and similar mineralization in the area are “hotspring” type deposits, and are intimately related to the Cenozoic dacitic stock. In the past, the Gallinazo mine was open-cast mined using monitors in the oxidized and hydrothermally altered zones. At present the Gallinazo mine is abandoned.

| 7.3.3 | Recent (Holocene?) Alluvial and Pyroclastic Fall Deposits (Qal)

The Recent pyroclastic volcanic ash fall deposits are moderately consolidated, interbedded layers of fine ash and layers of lapilli with pumice, and are moderately altered to argillaceous-sandy soils varying from cream to dark coffee color.. The maximum thicknesses are located towards the higher portions of shallow slopes, where they cover the totality of the local lithologies.

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The alluvial deposits are related to fluvio-torrential flows that generate terraces in the broken margins of the Quebrada Zanjon de los Pajaros and Quebrada Toldafria, the conforming material is represented by matrix supported sub-angular to sub-rounded igneous and metamorphic gravel whose sizes fluctuate between gravel and boulders up to 2 meters in diameter, in a matrix that varies from sandy-mud to clayey-mud.

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Figure 7-2 Geology of the Toldafria Prospect (after Gaitan, 2009)

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| 8. | DEPOSIT TYPES

The Toldafria Deposit has been characterized as a low sulfidation epithermal model (Gaitan, 2009). This type of deposit forms at relatively shallow depths, usually within 1 to 2 km of the surface, at a temperature range of less than 150°C to 300°C.

Low sulfidation systems exhibit a wide variety of textures including banded, crustiform quartz/chalcedony veins, and druse quartz cavities. Vein breccias may occur due to multi-episodic deposition accompanied by hydraulic fracturing followed by explosive pressure release. Bladed calcite also may occur as a result of boiling. Silica sinters may be deposited at the original surface, but are often absent due to erosion (White and Hedequist,1990).

The defining characteristic of a low sulfidation system is the near neutral pH of the postulated mineralizing fluids, a result of the mineralizing fluid reaching pH equilibrium with the host rock. Generally this type deposit displays quartz vein mineralization, stockworks and breccias with gold, silver, pyrite, with smaller and variable amounts of galena, chalcopyrite, sphalerite, sometimes with tetrahedrite and sulfosalts in the upper levels or near the original surface (White and Hedenquist, 1990). In the case of Toldafria, the mineralization normally exhibits open space textures, typical of hydrothermal systems associated with volcanism(Gaitan, 2009).

The mineralized zones typically are located in structures, but can occur within permeable lithologies. The ore zones are centered in structurally controlled, hydrothermal conduits that typically tend to open upwards.

Sillitoe (1993) indicates that in epithermal deposits, large (> 1 m width and hundreds of meters in length) or small veins and stockworks are common with less prominent disseminations and replacements. The vein systems can be laterally extensive, nevertheless their vertical extension can relatively be restricted. The zones of high grade are commonly in zones of fault dilation, in flexures and ramifications.

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| 9. | MINERALIZATION

Individual veins within the Toldafria prospect are generally narrower than 1 meter, high grade and frequently in groups or vein systems. The mineralization also can be disseminated within the host rock and/or associated hydrothermal or tectonic breccias.

Within the study area, (1) subvertical veins with a N-S strike and slight variations to the east and west, and (2) low angle parallel veins concordant with the schist foliation silicic lenses, intrude the host rock.

Structurally the Toldafria mineralization is fissure-filling associated with a system of joints related to extensional movement along the Romeral - Palestine system of faults.

| 9.1 | Mineralized Zones

The Toldafria mineralization is composed of pyrite, electrum, gold, silver, acanthite, chalcopyrite, sphalerite, galena, tetrahedrite, sulfosalts of silver and/or selenides. White and Hedenquist (1990) state that deposits like Toldafria are commonly zoned vertically in 250 to 350 m, being rich in Au-Ag and poor in base metals at the top, grading downwards to a zone richer in silver and base metals and finally at depth predominating in base metals. From surface to depth, the metal zonation goes from Au-Ag-As-Sb-Hg, to Au-Ag-Pb-Zn-Cu, and finally Ag-Pb-Zn. In alkaline rocks, tellurides, vanadium mica (roscoelite) and fluorite can be abundant, with smaller amounts of molybdenite.

| 9.1.1 | Concordant Veins or Veinlets

The Toldafria concordant veins occur parallel to the foliation of the host rock, generally striking N15°-30°E and dipping 22°SE fluctuating between 1 and 28 cm in thickness. Macroscopically, sulfides observed are pyrite, marcasite, chalcopyrite, galena, with sulfosalts like tetrahedrite and iron oxides/hydroxides. The sulfide mineralogy is associated with milky quartz and quartz with drusiform texture. Propyllitic (epidote-chlorite) alteration, argillic (kaolin) alteration and silicification are common (Figure 9-1 & 9-3). Also common are pores or interconnected cavities of siliceous material, referred to as “vuggy silica”.

| 9.1.2 | Discordant Veins or Veinlets

Crossing the foliation of the host rock, the discordant veins and veinlets strike from N40°E, to N-S, and N50°W, with dips of 65°SE to 70°SW, becoming vertical to subvertical. The steep dip of the veins facilitates the development of certain mining methods. The thicknesses of the discordant veins do not exceed 12 cm and in general average between 2-4 cm in thickness.

The sulfide mineralogy of the discordant veins and veinlets is comprised of pyrite, chalcopyrite, bornite, sphalerite, pyrhotite, galena, tetrahedrite, iron oxides and milky quartz, with strong phyllic and argíllic alteration and subordinate propylitic alteration (Figure 9-2).

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This type of discordant vein manifestation is in the totality of the tunnels explored, on the different drifts developed in the mining works, being of greater thickness (12 cm) located in the tunnel El Antioquia ; from each one of the tunnels samples were taken whose maximum value is of 69.16 g/t (La Mirada).

Figure 9-1 Rose Diagram, Representing the General Tendency of Veins Concordant with the Foliation.

Figure 9-2 Rose Diagram, Representing the General Tendency of Discordant Veins.

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| 9.2 | Gangue Mineralogy

The gangue mineralogy in the prospect area is quartz, chlorite, hematite, calcite, sericite and kaolin.

| 9.3 | Alteration Mineralogy

The three main alteration assemblages at Toldafria are argillic alteration with kaolinite and sericite; propylitic alteration with an associated chlorite – epidote; and silicification with multiple generations of quartz associated with veins. The veins are bounded in many cases by a sericíte – kaolinite assemblage.

Figures 9-3 through 9-11 portray different geological, alteration and mineralization views of the main area at Toldafria.

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Figure 9-3 Tunnel Locations and Names

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Figure 9-4 Hydrothermal Alteration

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Figure 9-5 Au Hosting Rock Sampling

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Figure 9-6 Au Host Rock Projection

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Figure 9-7 Mineralization in Veins

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Figure 9-8 Au Vein Sampling

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Figure 9-9 Veins Widths

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Figure 9-10 Veins Projected

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Figure 9-11 Au Veins Projection

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| 10. | EXPLORATION

The Toldafria prospect has been historically mined for at least the last 100 years. A number of pre-existing tunnels on the site provided CVME personnel access for mapping and sampling underground. Tunnels typically begin with a crosscut into the hillside, with multiple drifts branching off of the main portal crosscut.

| 10.1 | CVME Exploration Program

During CVME’s Toldafria exploration program, 28 tunnels were identified in a roughly 500m x 500m area, of which only two remain in production (La Oriental and La Antioquia). Additional workings and signs of previous mining activities extend well beyond this initial focus area, but have received no attention to date by CVME. As part of the exploration program, CVME performed the following:

| · | Compilation and analysis of existing bibliographical material on the Toldafria study area.

| · | The aerial photographic flight lines (206-207-208 C-2117 of the IGAC) were analyzed and interpreted. Structural elements, including faults, lineaments and lithologic contacts were determined using geomorphology.

| · | Geologic mapping of existing mine workings to include vein widths, vein orientation, vein density, mineralogy, and alteration.

| · | From 2009 to early 2011, a total of 2,069 samples were taken, 2,041 from channel sampling of multiple underground mines (workings) within the target area, 17 outcrop samples and 11 surface sediment samples (Figures 9-3 to 9-10 and 12-1).

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| 11. | DRILLING

This technical report contains the results of CVME’s Phase I investigation. No drilling has been performed by CVME or any other investigator to date.

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| 12. | SAMPLING METHOD AND APPROACH

| 12.1 | Channel Sampling

In 2009, channel sampling was performed by CVME staff in 4 km of tunnels for a total of 755 samples, as shown in Table 12.1. An additional 17 surface samples were taken from outcrops and vein expressions on the surface.

Table 12-1 Number of Samples for Various Mine Tunnels and Outcrops, 2009

Tunnel | Parallel (P) | Crosscut (X) | Total Samples
Caparrosa | 4 | 16 | 20
El Duende | 20 | 15 | 35
El Mirador | 2 | 2 | 4
El Murcielago | 3 | 10 | 13
El Retiro | 32 | 13 | 45
La Antioquia | 92 | 56 | 148
La Carrona | 22 | 33 | 55
La Guagua | 5 | 7 | 12
La Libra | 56 | 39 | 95
La Pava | 4 | 1 | 5
La Quebrada | 1 | 23 | 24
La Ramada | 120 | 57 | 177
La Travesia | 12 | 0 | 12
Morales | 18 | 11 | 29
San Alberto | 34 | 42 | 76
Tobogan 1 | 1 | 2 | 3
Tobogan 2 | 1 | 1 | 2
Outcrop | 0 | 17 | 17
Totals | 427 | 345 | 772

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In 2010, channel sampling was performed by CVME staff in tunnels for a total of 1,201 samples, as shown in Table 12.2.

Table 12-2 Number of Samples for Various Mine Tunnels, 2010

Tunnel | Parallel (P) | Crosscut (X) | Total Samples
Campamento | 27 | 32 | 59
El Acaro | 39 | 19 | 58
El Barranco | 15 | 1 | 16
El Cambuche | 7 | 0 | 7
El Duende 2 | 2 | 7 | 9
El Encuentro | 16 | 0 | 16
El Filo | 12 | 0 | 12
El Mirador | 1 | 0 | 1
El Molino | 10 | 19 | 29
El Tranquero | 5 | 2 | 7
El Vagón | 91 | 48 | 139
La Antioquia | 101 | 26 | 127
La Divisa | 54 | 37 | 91
La Escondida | 15 | 2 | 17
La Olvidada | 19 | 19 | 38
La Oriental | 200 | 63 | 263
La Pirita | 9 | 13 | 22
Las Mellizas | 170 | 62 | 232
Las Piscinas | 7 | 14 | 21
Mina Nueva | 2 | 35 | 37
Totals | 802 | 399 | 1201

In 2011, channel sampling was performed by CVME staff in tunnels for a total of 96 samples, as shown in Table 12.3.

Table 12-3 Number of Samples for Various Mine Tunnels, 2011

Tunnel | Parallel (P) | Crosscut (X) | Total Samples
El Frente | 5 | 0 | 5
El Mirador | 22 | 1 | 23
La Vaga | 12 | 6 | 18
El Nivel | 10 | 0 | 10
Morales 2 | 38 | 2 | 40
Totals | 87 | 9 | 96

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As at the end of January, 2011, the assay database which eventually was used for the mineral resource estimate contained a total of 1,664 samples, of which 1,636 were channel samples from the underground workings, 11 were sediment samples and 17 were outcrop samples. Sample locations and assays are listed in Appendix A. Figures 9-5 and 9-8 show the locations of the vein and host rock (crosscut) samples.

Crosscut samples, denoted with an X, were taken as continuous channels across the rib, along 5 m of tunnel perpendicular to foliation. Channel samples from parallel drifts along potentially mineralized veins, veinlets and silicified zones, denoted with a P, were taken out of the back in continuous zigzag channels along 5 m of tunnel. Channel samples in both crosscuts and parallel drift are a composite of any veins intersected and host rock. The channel sample surfaces were cleaned and then cut with dimensions of 5 cm by 10 cm in section.

| 12.2 | Sampling Methodology

Each channel sample contained approximately 6o kg of material and was homogenized and split into 2 parts. The first split was packed, labeled and stored as reject in the sample warehouse. The second portion was split to obtain a 2kg sample (requiring 5 to 6 splits depending on the exact original quantity).

The sample was suitably packed in a polyethylene bag and labeled with a consecutive number, sent to a laboratory for analysis of gold and silver by fire assay. The balance of the sample was stored as a duplicate in the sample preparation storage area.

Rib samples were taken in crosscuts between vein structures. These samples were 10cm x 5cm x 5m in length. They were taken perpendicular to foliation to adequately represent the cross section of the country rock (graphitic schist).

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Figure 12-1 Country Rock Channel Samples

Vein samples were taken in the back of the ore production drifts en a zig-zag cutting the mineralized structures, also 5m in length including the working face. Based on the controlling structures at Toldafria most of the veins strike nearly north south.

Figure 12-2 Vein Channel Samples

Field duplicates are taken for laboratory quality control either below or beside the original channel according to the following figure.

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Figure 12-3 Field Duplicates

| 12.3 | Office and Laboratory Analysis

Information collected was compiled for the following activities:

| · | An exhaustive review of all information collected in the field to develop a coherent database to facilitate the analysis and interpretation.

| · | Generation of maps of the deposit, including plans and sections for use in interpretation of deposit geology.

| · | Statistical analysis for samples taken in Phase 1

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| 13. | SAMPLE PREPARATION, ANALYSES AND SECURITY

| 13.1 | Sample Preparation

Throughout the sampling process, the samples were monitored by the exploration team headed by an exploration geologist. Field assistants were supervised as to sampling methodology and during sample collection. Approximately 60 kg of sample was removed from each channel. Bulk channel samples were transported directly to the mine camp storage facility where they were inventoried, crushed and split.

All samples were hand crushed. Splitting was performed using a riffle splitter. One split was placed in storage in a secured warehouse for future testing. The other split was further reduced using a riffle splitter to obtain a 1 kg sample for laboratory testing.

| 13.2 | Sample Analysis

Samples received by SGS laboratory were dried and crushed. Samples were then tested using fire assay methods with either atomic absorption or gravimetric finish. Detection limits and descriptions of the assays are listed in the following table.

Table 13-1 Assay Descriptions

Assay code | Description | Detection Limits
FAA313 | Fire Assay with AA finish | 5 to 5000 ppb
FAG303 | Fire assay with gravimetric finish | unknown
ICM40B | Multi element analysis (50 element) | Variable

| 13.3 | Sample Security

The 1 kg samples split at the CVME mine site were transported to the CVME Colombia office in the city of Manizales. Chain of custody was maintained throughout this process through delivery records and verification of shipments. CVME cataloged all samples prior to shipment to SGS laboratory in the Municipality of La Estrella, Department of Antioquia. Lab samples were delivered directly to SGS authorized personnel.

All initial sample splits stored at the CVME camp were placed in a secure locked storage facility for future testing. The storage facility is enclosed within a locked chain link fence (Figure 13-1). There is no full time human security at the site.

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Figure 13-1 Sample Storage Facility

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| 14. | DATA VERIFICATION

William Crowl, a qualified person as defined in NI 43-101, traveled to the CVME office and Toldafria mine site in Manizales, Colombia during the week of January 25, 2010 and again during the week of February 7, 2011. During the site visit to the CVME Toldafria prospect, data checks were made on channel samples, assays, geologic logs and maps.

| 14.1 | Verification of the Quality Control Program

Sample quality control was performed by SGS Colombia S.A. Minerals Service. Sample quality assurance/quality control procedures for geochemical testing are listed in Table 13-1.

Table 14-1 SGS Laboratory Quality Control

Controls | Frequency
Repeatability | Less than or equal to 10 samples, one duplicate inserted. Greater than or equal to 10 sample, one duplicate every 10 samples
Sample Control Reference Material | Less than or equal to 25 samples, minimum one control. Greater than 25 samples, minimum one control every 25 samples
Blanks | Two blanks inserted for each batch of samples (maximum 98 samples per batch)

In order to verify the sampling and testing program, three additional confirmation channel samples were taken by Mr. Crowl in La Ramada tunnel and El Retiro Tunnel. Samples were transported by Mr. Crowl to the United States and sent via courier to ALS Minerals laboratory in Reno Nevada for fire assay testing. Confirmation samples were dried and crushed to 70% less than 2mm. Samples were split using a riffle splitter and pulverized to 85% of sample less than 75 μm. Samples were tested using fire assay with either gravity atomic absorption finish. Results of confirmation fire assay testing are shown in table 14-2.

Table 14-2 Confirmation Samples Assay Results

Sample | Tunnel/Location | SGS lab Au (ppm) | ALS Mineral assay Au (ppm)
BC-28 | La Ramada | 0.728 | 1.50
BC-105 | La Ramada | 0.064 | 0.077
BC-521 | El Retiro | 18.800 | 23.3

| 14.2 | 2010 QA/QC Program

CVME and SGS performed further QA/QC analyses in 2010. Analysis of Standards indicated no problems for the 0.53ppm and 2.5ppm standards. One sample in the 10.7ppm standard was between 2 and 3 standard deviations out of 16 samples. An analysis of the blanks used in 2010 indicated no problems.

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For coarse crush duplicates, 54% of 24 samples required re-analysis, indicating that Toldafria has some coarse gold issues. Finally, in an analysis of the Field Prep duplicates, 90% of the samples showed differences greater than 20% of the original value, again an apparent result of coarse grained free gold in the samples. The graphs in the report are somewhat mis-leading, and further analysis of the results may be warranted. The report documenting the 2010 QA/QC program is included here in Appendix B.

Gustavson believes that the average grades within the domains are reasonable and the quantity of high grade samples shown in the sample statistics in Section 17 do not demonstrate that the distribution is highly skewed by the coarse gold. It may be prudent to analyze the use of larger samples in future exploration work, especially during core drilling.

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| 15. | ADJACENT PROPERTIES

While Colombia has a long history of gold mining, the country has seen very little foreign investment due to political instability. Recently, however, as political conditions in Colombia have improved, foreign mining companies have begun moving into Colombia. The information on the adjacent properties was sourced from industry publications and Gustavson has not independently verified the data.

| 15.1 | La Coqueta

The La Coqueta gold mine is located in an extension of the structural zone hosting Toldafria several km east of Manizales and 9 km north of Toldafria. It is a low sulphidation epithermal deposit similar to Toldafria. Mining is performed in an artisanal manner in the very narrow veins, crushing the ore in a stamp mill, followed by tabling and concentrating the fines to recover gold. For the last few months, La Coqueta has produced several tonnes of ore per day, from which 3 to 9 pounds of gold have been recovered each week.

| 15.2 | La Colosa (Anglo Ashanti Colombia)

The La Colosa deposit under development by Anglo Ashanti Colombia (located about 60 km due south from Toldafria) is classified as a porphyry gold deposit located near the town of Cajamarca, Department of Tolima. The mineralization is projected to extend over an area along strike in excess of 1500m in length and 600 meters in width. In 2008, Anglo Gold estimated an inferred resource of 9.7 Moz above a cutoff grade of 0.5 g/t with an average grade of 1.03 g/t (AngloGold Ashanti, 2008). It appears to be on structural strike with Toldafria.

| 15.3 | Marmato (Colombia Goldfields)

The Marmato project (located 60 km north from Toldafria) is an epithermal intermediate sulphidation type gold deposit located approximately 67 km north by northwest of the Toldafria prospect. It lies along a major suture, a possible paleo-subduction zone, which separates the Western and Central cordillera (Rodriguez and Warden, 1993). Goldfields estimates that there is an inferred resource of 2,553,000 oz gold at 1.05 grams per tonne. (Lewis and SanMartin, 2008).

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Figure 15-1 Location of Other Properties

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| 16. | MINERAL PROCESSING AND METALLURGICAL TESTING

| 16.1 | Mineral Processing

Historic mineral processing has been on an artisanal level. Extracted ore was either hand crushed or mechanically crushed in one of the five stamp mills in the prospect area. Gold was concentrated and recovered by panning down the crushed fines. Recent production using this type of gold gravity recovery method ranges from 8 to 15 pounds of gold per month as reported by the current title owner.

| 16.2 | Metallurgical Testing

| 16.2.1 | Resource Development Inc.

RDi (Resource Development Inc.) received one 10-kilogram composite sample to initiate the scoping metallurgical study for the Toldafria project. The sample was stage crushed to 6 mesh and split into 1 kg charges. One of the 1 kg charge was pulverized to P100 of 150 mesh, thoroughly blended and two representative samples of 75 grams split out for head analyses using one-assay-ton fire assay procedure. Duplicate assay was run on one of the splits. The head assays, given in Table 16-1, indicate that gold may be free because the assays varied from one split to the other. However, silver appears to be consistent from one split to the next.

Table 16-1 Head Assays for the Composite Sample
Element | Assay, g/t
Assay # 1 | Assay # 2 | Assay # 3 | Average
Au | 8.676 | 8.745 | 14.712 | 10.711
Ag | 19.60 | 20.00 | 20.80 | 20.13

Three 1-kg samples were stage-ground to P100 of 48 mesh, 65 mesh and 100 mesh and subjected to gravity concentration. The process flow sheet is given in Figure 16-1. The slurry was fed to a 3.5 inch diameter model KC-MD3 Knelson Concentrator and two products collected, namely gravity concentrate and gravity tailing. The tailings were filtered, dried and assayed for gold and silver. The concentrate was processed over a model 60 Gemini Concentration Table and two products were collected. The Gemini concentrate and tailings were dried and assayed for gold and silver.

The test results are summarized in Table 16-2. The test results indicate that gold is free milling and can be recovered by gravity concentration at a relatively coarse grind of P100 of 48 mesh. Gemini concentrate recovered 81.6% of the gold and 37.9% of silver. The concentrate assayed 3401 g/t Au and 2454 g/t Ag. As the ore was ground finer, the precious metal losses in the Knelson tailing increased. CVME has initiated a more detailed metallurgical study with twenty different samples from the deposit.

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Table 16-2 Gravity Concentration Test Results
Product | Assay, g/t | Distribution, %
Au | Ag | Wt. | Au | Ag
Grind: P100 = 48 mesh (Test No. 1)
Gemini Concentrate | 3401 | 2454 | 0.4 | 81.6 | 37.9
Gemini Tailing | 7.87 | 29.73 | 16.5 | 7.4 | 17.9
Cal. Knelson Concentrate | 92.59 | 90.26 | 17.0 | 89.0 | 55.8
Knelson Tailing | 2.33 | 14.60 | 83.0 | 11.0 | 44.2
Cal. Feed | 17.63 | 27.43 | 100.0 | 100.0 | 100.0
Grind: P100 = 65 mesh (Test No. 2)
Gemini Concentrate | 3724 | 1153 | 0.2 | 54.8 | 27.8
Gemini Tailing | 3.94 | 23.60 | 12.6 | 3.1 | 14.5
Cal. Knelson Concentrate | 72.28 | 44.35 | 12.9 | 57.8 | 27.8
Knelson Tailing | 7.77 | 17.01 | 87.1 | 42.2 | 72.2
Cal. Feed | 16.06 | 20.52 | 100.0 | 100.0 | 100.0
Grind: P100 = 100 mesh (Test No. 3)
Gemini Concentrate | 4506 | 1897 | Trace | 16.1 | 1.6
Gemini Tailing | 4.55 | 17.00 | 11.6 | 9.2 | 8.3
Cal. Knelson Concentrate | 12.52 | 20.33 | 11.6 | 25.3 | 9.9
Knelson Tailing | 4.86 | 24.26 | 88.4 | 74.7 | 90.1
Cal. Feed | 5.75 | 23.80 | 100.0 | 100.0 | 100.0

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Figure 16-1 Laboratory Testing Process

| 16.2.2 | Met-Solve Laboratories Inc.

RDi sent 17 metallurgical samples to Met-Solve Laboratories Inc., located in Langley, British Columbia, Canada on August 13, 2010 for further test work. The seventeen samples were combined to produce a single composite for testing.

An initial Falcon L40 test was done to test for centrifugal gravity recovery of gold. After promising results from the baseline gravity test, a program consisting of flotation and cyanidation system was added to evaluate the impact of these on the gravity concentrates and tails. Screen analyses were also done to determine particle size and gold distribution by size fraction.

The initial Falcon gravity test was done as per the flowsheet shown in Figure 16-2 and the gravity-float-leach procedure was done as shown in Figure 16-3.

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Figure 16-2 Gravity Test Flowsheet

Figure 16-3 Gravity, Float and CN Leach Circuit

The complete report from Met-Solve Laboratories Inc. is included here as Appendix D.

The general recoveries from the test work are presented in Table 16-3 below. Refer to flowsheet summaries presented in the Appendices to the Met-Solve Laboratories Inc. report in Appendix C.

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Table 16-3 Gold Recoveries

Test Operations | Gold Recovery (%)
Gravity Only Recovery (with intermediate grinds) | 86.8
Gravity Only Recovery (direct grind) | 83.0
Gravity + Float Recovery | 92.8
Gravity + Float + Leach Recovery | 85.7

Gravity alone recovered an 83 to 87% of the gold. Floating the gravity tails raised the gold recovery to 93% with float tails assaying 0.22g/t. The gravity tails (i.e. float feed) was calculated at 0.50g/t.

Met-Solve drew the following conclusions from their work. Gravity alone recovered between 83 and 87% of the gold. Flotation of the gravity tails raised gold recovery to a 93%. When cyanidation is included, the gold recovery was found to be 86% as a result of incomplete leaching of the gold.

The high sulfur content of the pan tails and float products likely contributed to the high cyanide consumption.

Gustavson’s review of the RDi and Met-Solve test work indicates that the gold mineralization at Toldafria is probably amenable to common extraction techniques employed in the gold mining business, worldwide.

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| 17. | MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

Gustavson has estimated a mineral resource for the known portions of the Toldafria deposit, using a three-dimensional block model and inverse distance estimate of the channel sample gold assays.

| 17.1 | Resource Estimation

Gustavson was provided with channel samples data taken in 14 tunnels on the title property. This information was combined in an importable csv file for import into MicroMODEL™ mine modeling software. Information included in the import file included:

| · | Sample number

| · | Location UTM

| · | Gold assay (ppb)

| · | Channel sample length

| · | Tunnel Name

In 2009, a total of 755 channel samples were taken in underground workings with an additional 17 outcrop samples from the property. In 2010, a total of 1,201 samples were taken and in early 2011, an additional 96 were collected. Samples used in the estimate are listed in Appendix A, totaling 1,664 samples including 17 outcrop and 11 surface sediment samples. Figure 17.1 shows location of underground channel samples used in the estimate, as well as surface samples.

| 17.2 | Assay Database

Gustavson was provided an updated database and sample maps for the Toldafria project. Tables 12-1, 12-2 and 12-3 show the breakdown of samples by tunnel. In addition, surface samples were included where they were located in juxtaposition and above the mine tunnels. The resource estimation database contains a total of 1,664 samples that were used. A sample assay cutoff date in January, 2011 was used to freeze the database. Stream sediment samples were taken which were not included in the resource estimate database.

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Channel sample assays were divided into parallel (P) and crosscut (X) samples with special parallel and special crosscut samples taken directly within select veins. All P and X channel samples were collected such that they are representative of 5 meters of tunnel. Special samples were taken with varying lengths ranging from 0.2 to 2.7 meters. Assays were performed for gold and reported in ppb.

All 2010 assay data provided by CVME by late January 2011 were added to a database organized into a comma separated value format for import into MicroMODEL™ mine modeling software. Data included both fire assay for gold using gravimetric finish for higher grades and atomic absorption finish for lower grades. Gold fire assays from both methods were combined into one assay field for modeling purposes. Channel sample data were displayed using MICL’s Downhole Explorer program. The general orientation of the mine workings observed in Downhole Explorer was N75°E and N15°W.

Figure 17-1 shows the samples used for this study.

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Figure 17-1 Samples Used in Resource Estimation

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| 17.3 | General Statistics

General statistical analyses were performed on the assay data base for parallel, cross cut, and special samples (Table 17-1 and Figure17-2). The sample statistics cover a database of 1,636 samples, with 28 additional samples added but not statistically analyzed before the database was closed so that resource estimation could proceed. Gustavson considers that the database statistics would have varied little with the addition of these few samples.

Table 17-1 Gold Statistics by Sample Type

CVME Toldafria Project Gold Statistics by Sample Type
Sample Type | No. of samples | Maximum | Mean | Median | Variance | Standard Deviation | Coefficient of Variance
P | 973 | 172.99 | 2.274 | 0.607 | 61.18 | 7.82 | 3.44
X | 601 | 22.76 | 0.304 | 0.090 | 1.86 | 1.86 | 6.12
SP | 26 | 69.16 | 14.121 | 6.285 | 354.92 | 18.8393 | 1.33
SX | 14 | 2.261 | 0.434 | 0.229 | 0.34 | 0.5801 | 1.34
O | 22 | 50.68 | 5.248 | 0.143 | 138.53 | 11.7769 | 2.24
| 1636 |  |  |  |  |  |

Figure 17-2 Probability Plots

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| 17.4 | Modeling

At this stage of exploration no geologic model or grade shell model has been constructed for the prospect. Further systematic sampling from trenches and drill holes will permit this type of modeling in the future. Modeling utilized only channel sample assays from the various tunnels.

| 17.4.1 | Variography

Semivariograms, often noted simply as variograms, measure the spatial continuity between data points. Variograms for most gold deposits are complex and sometimes difficult to interpret, and exhibit even less structure when there are few samples available for the calculations.

Variography was performed on the P and X wall rock channel samples only. As individual sample groups, special parallel, special crosscut and surface samples did not have enough data for variography and were not considered representative of the rock mass.

While special samples could have been included with their respective sample set, the special samples and surface samples were omitted from variography and also from subsequent grade estimation. The special samples and surface samples represent relatively small volumes of rock at the sample points. They are indicative of the precious metal content of very specific mineral occurrences and are valuable as indicators only. Based on the vein density of the stockwork from maps provided by CVME, it is unlikely, at this stage, that individual veins can be modeled with a reasonable geostatistical basis.

The relatively high nugget effect seen in the variograms probably results from both the lack of geological control of the modeling, and the erratic nature of coarse free gold in the samples.

With additional sampling since the previous study, strong differences can be seen between the P and X samples. Though both still exhibit high nuggets, which is expected due to the nature of the high grade veins, and the effects of the coarse gold on the assaying. With the additional drifts that were sampled, there are now at least some samples vertically offset from each other and the rudiments of vertical variograms can be examined.

The X samples exhibit a more isotropic behavior with a slightly shorter vertical anisotropy. This correlates well with lower grade host rock with low angle foliations.

The P variography shows a strong N-S anisotropy of approximately 3:1, shown in the variogram rose below. Due to the smoothing effects of the width of variogram windows in very narrow structures, this may be understated. Estimation parameters

Because little or no sample support was available between mine levels and it is unclear how much material has been mined out, a conservative 20 meter isotropic search was used for grade estimation. Directional variograms are shown in Figure 17-3 and 17-4. Parameters of the variogram models for the P and X samples are given in Table 17-2.

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Figure 17-3 Variogram for Parallel (P)) Samples

Figure 17-4 Variogram for Crosscut (X) Samples

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Table 17-2 Variogram Models

| Primary Horizontal | Secondary Horizontal | Vertical | Azimuth | Nugget | Sill
P | 26 | 20 | 20 | 30 | .56 | .44
X | 20 | 20 | 10 | 0 | .64 | .36

| 17.4.2 | Block Model

Gustavson developed a block model of the title property with block dimensions as shown in Table 17-3. An overall model size of 700 x 650 x 300 meters with a block size of 5 x 5 x 5 meters was constructed for estimation.

Table 17-3 Block Model Dimensions

| Easting | Northing | Elevation
Minimum | 848,900 | 1,038,900 | 2,850
Maximum | 849,600 | 1,039,550 | 3,150
No. of Blocks | 140 | 130 | 60

| 17.4.3 | Topography

Topography was provided by CVME and was exported in digital exchange format (dxf) from an AutoCAD site map of the prospect. The topography dxf was imported and modeled in MicroMODEL. Because the topography did not cover the entire block model area in the southeast corner, this area was extrapolated from known topography using an inverse distance estimator. This remains a preliminary solution and surveyed or flown topographic control will be needed for future studies. The topography model was later used in the block to restrict estimation to only blocks below the topographic surface.

| 17.4.4 | Resource Estimation and Search

Grade estimation was performed using Micromodel mine modeling software. Five estimates were created using Ordinary Kriging (OK). The first three of these were duplicated using Inverse Distance Weighting (IDP) with a power of 2.5; and Nearest Neighbor (NN). This allows a comparison of the various methods to each other and to the data to determine the most appropriate fit. A staged estimate was performed in each method. First a single variogram search was performed that required P type samples from 2 separate drifts. This was restricted to a narrow window to insure interpolation between samples. Second a single variogram search was used allowing P type samples only from a single drift. Third a single variogram search was run using only X type samples in areas not previously estimated to fill in background grades. Finally, a 2 variogram search using both X and P samples was used to estimate an extended halo to show what possible ore might be in the area. The max 5 samples allowed for the 2ndand 3rd passes was restricted to minimize smoothing of grades. The 4th pass used a highly oriented search to extend vein material into likely areas. The 5th estimate used a 40m isotropic search to allow a halo of mineralization similar to the density of vein structures in the samples rock to form (Table 17-4).

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Table 17-4 Block Model Dimensions

Pass | Samples | Search | Min Samp Required | Max Samples Allowed
1 | P | 26x8x20 m | 5 (2 drifts) | 9
2 | P | 26x8x20 m | 5 | 5
3 | X | 20x20x10 m | 5 | 5
4 | X&P | 50x40x15 m | 3 | 7
5 | X&P | 40x40x40 m | 3 | 7

| 17.4.5 | Resource Classification

According to the CIM Definition Standards,

An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes.

An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.

Gustavson feels that with the vertical continuity exhibited in multiple drifts which appear to be in the same structure that the Pass 1 estimation can be classified as indicated. All other material must be considered inferred. With the addition of more surface samples and the samples from the Phase 2 planned drill holes, it is likely that some of the inferred resources will be upgraded to indicated. See Figure 17-5.

| 17.4.6 | Resource Summary

The estimated mineral resource is presented in Table 17-5 by the resource classification. Table 17-6 presents the resource as it was developed in multiple search passes. Gustavson feels that it is instructive to see the development of the resource in decreasing levels of confidence in addition to the basic criteria of Indicated and Inferred

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Table 17-5 Resource Summary by Classification

Cutoff Au (g/t) | Metric Tons x1000 | Au_OK Estimated Au (g/t) | Au Oz Contained x1000
Indicated Resource
3.00 | 12 | 9.52 | 3.67
2.00 | 19 | 7.10 | 4.34
1.00 | 28 | 5.16 | 4.65
0.50 | 40 | 3.88 | 4.99
0.30 | 52 | 3.05 | 5.09
0.10 | 58 | 2.77 | 5.17
Inferred Resource
3.00 | 2,585 | 6.57 | 546
2.00 | 4,181 | 4.99 | 671
1.00 | 8,061 | 3.26 | 845
0.50 | 12,370 | 2.38 | 947
0.30 | 15,873 | 1.94 | 991
0.10 | 22,179 | 1.44 | 1,029

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Table 17-6 Resource Summary by Search Pass

Cutoff | Metric | Au_OK | Au Oz |
Au (g/t) | Tons | Estimated | Contained | Comments
| x1000 | Au (g/t) | x1000 |
3.0 | 12 | 9.52 | 3.67 | First Pass
2.0 | 19 | 7.10 | 4.34 | Vein Samples
1.0 | 28 | 5.16 | 4.65 | 2 Drifts
0.5 | 40 | 3.88 | 4.99 | One Variogram
0.3 | 52 | 3.05 | 5.09 |
0.1 | 58 | 2.77 | 5.17 |
TOTAL | 58 | 2.77 | 5.17 |
3.0 | 161 | 7.45 | 38.56 | 2nd Pass
2.0 | 252 | 5.67 | 45.95 | Vein Samples
1.0 | 477 | 3.65 | 56.00 | One Drift
0.5 | 645 | 2.89 | 59.95 | One Variogram
0.3 | 764 | 2.50 | 61.47 |
0.1 | 880 | 2.20 | 62.25 |
TOTAL | 898 | 2.16 | 62.26 |
3.0 | 26 | 8.42 | 7.04 | 3rd Pass
2.0 | 33 | 7.08 | 7.51 | Wall Rock Samples
1.0 | 89 | 3.53 | 10.11 | One Drift
0.5 | 174 | 2.14 | 11.99 | One Variogram
0.3 | 388 | 1.17 | 14.53 |
0.1 | 1,363 | 0.46 | 20.11 |
TOTAL | 2,131 | 0.32 | 21.68 |
3.0 | 1,477 | 6.33 | 300.46 | 4th Pass
2.0 | 2,475 | 4.75 | 378.08 | Vein and Wall Rock Samples
1.0 | 4,854 | 3.10 | 484.03 | One Drift
0.5 | 7,636 | 2.24 | 550.32 | 2 P Variograms
0.3 | 9,926 | 1.81 | 579.09 |
0.1 | 13,828 | 1.36 | 602.85 |
TOTAL | 16,113 | 1.17 | 607.36 |
3.0 | 1,676 | 6.49 | 349.73 | Total
2.0 | 2,779 | 4.88 | 435.88 |
1.0 | 5,448 | 3.17 | 554.79 |
0.5 | 8,495 | 2.30 | 627.25 |
0.3 | 11,130 | 1.84 | 660.19 |
0.1 | 16,129 | 1.33 | 690.37 |
TOTAL | 19,200 | 1.13 | 696.47 |
3.0 | 921 | 6.76 | 199.99 | Estimation Outside
2.0 | 1,421 | 5.23 | 239.06 | of defined areas
1.0 | 2,641 | 3.48 | 295.17 |
0.5 | 3,915 | 2.58 | 324.90 |
0.3 | 4,795 | 2.18 | 336.12 |
0.1 | 6,108 | 1.75 | 344.02 |
TOTAL | 7,507 | 1.43 | 346.13 |

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Figure 17-5 Cross Section Showing Vertical Connection between Adits

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| 18. | OTHER RELEVANT DATA AND INFORMATION

None available.

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| 19. | INTERPRETATION AND CONCLUSIONS

Observations made during Mr. Crowl’s site visits confirm the descriptions of the gold mineralization provided by CVME. Surface expressions of past gold mining activity are common, with abandoned and overgrown workings dotting the hills in the immediate area of the prospect. Inspections underground revealed very narrow steeply dipping, strike-persistent mineralized quartz veins and quartz-filled fractures exposed over considerable drift lengths. The horizontal spacing between these very narrow quartz veins was not consistent in the areas visited. It is important for CVME to establish the vein density in the Toldafria area before further development decisions can be made. The concordant veins in the schist are far more sulfidic than the narrower vertical veins. The extent to which these veins are projectable for any appreciable distance will be directly related to the results of the proposed drilling program.

CVME’s initial exploration program has confirmed the presence of significant gold mineralization which has been mined on a small scale for more than a hundred years. Although the sampling was extensive in available underground workings, additional sampling such as core drilling will be needed to establish geological continuity of the 2 types of mineralization present. Given the mining history of the area with underground mines of much higher grade, and the close spacing of some of the known mineralized structures, it is reasonable to expect to expand the resource with further sampling using surface and/or subsurface core drilling as well as surface trenching.

The mineral resources estimated and reported herein are considered by Gustavson to meet the requirements of NI 43-101 for classification as indicated and inferred. Future efforts by CVME to better define the mineral system at Toldafria will allow for a consideration of re-classification.

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| 20. | RECOMMENDATIONS

CVME has conducted exploration to define an inferred resource of 947,000 ounces of gold at a cutoff of 0.5g/t and a small indicated resource of 5,100 ounces. Gustavson recommends that an exploratory drilling program be implemented to further define the resource and provided geologic and geostatistical support to better delineate vein systems. Further geologic investigations will be needed to ascertain an appropriate data density to establish geologic continuity of mineralization in 3 dimensions. Both surface and underground drilling are recommended.

| 20.1 | Proposed Phase 2 Exploration Program

| 20.1.1 | Underground Sampling

In CVME’s 2009 underground sampling program, 4000 m of tunnels were sampled. Following the same sampling methodologies, an additional 5000 m of tunnels were sampled in 2010 and early 2011. Minimal further underground sampling is contemplated in the Phase 2 program.

| 20.1.2 | Trenching

For the Proposed Phase 2 Exploration Program, no specific locations have yet been identified by CVME staff for trenches that will guide the positioning of subsequent drill holes.

| 20.1.3 | Drilling

Ten NTW 300 meter core holes are planned for Phase 2, comprising a total of 3000 m. Half of the holes will be sub-vertical, targeting to the sub-horizontal (concordant vein) structures and the other half in sub-horizontal holes, designed to cut the near-vertical vein structures. The location of the area to drill (around the block on which the Resources calculated) will provide a better knowledge of the deposit(s). The net result of drilling these holes may be the establishing of geological continuity to the mineralization and a 3rd dimension. The increased knowledge may allow estimation of indicated or measured mineral resources, upgrading the current inferred resources. The sampling is intended to be done on 3 m in the holes, yielding some 1000 samples.

| 20.1.4 | Metallurgical Tests:

Samples will be sent to Chile through the SGS laboratories. CVME intends to send approximately 200 kg of mineral samples selected from the rejects stored in the Toldafria sample warehouse to start a more comprehensive metallurgical study. The primary goal of the program will be to establish the behavior of gold in the deposit (degree of liberation, free gold, associations of gold to sulfides, etc) and to design possible metallurgical treatment flow sheets.

| 20.1.5 | Ore Microscopy and Laboratory Quality Control

Microscopic study of vein material may assist in determining the continuity of individual veins between the existing workings and new drilling, as well as the properties of the gold mineralization.

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Gustavson further recommends that CVME develop a QA/QC system for their sampling program to further augment the quality control already provided by the assay lab. The following tables (20-1, 20-2 and 20-3) present the CVME exploration budget for the Phase 2 Exploration Program. Gustavson considers that the budget is adequate to accomplish the stated purpose of the program and to advance to the next decision point. Gustavson understands the Rio Novo Gold will carry out the above program of exploration starting in 2011.

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Table 20-1 CVME Toldafria Budget – Phase 2

Toldafria Project Budget Phase 2
ITEM | DESCRIPTION | UNITY | AMOUNT | UNIT VALUE | PARTIAL VALUE Col$ | PARTIAL VALUE US$
1, | ADMINISTRATIVE COSTS |  |  |  |  |
1,1, | Rental Office | month | 12.00 | $ 1,500,000.00 | $ 18,000,000.00 | $9,132.42
1,2, | Utilities (Water, Energy, telephones, Internet) | month | 12.00 | $ 1,250,000.00 | $ 15,000,000.00 | $7,610.35
1,3, | Purchase used 4x4 Jeep or little truck | Global | 1.00 | $ 20,000,000.00 | $ 20,000,000.00 | $10,147.13
1,4, | Lodging, airplane tickets, Food, Travel, representation costs, etc. | month | 12.00 | $ 2,500,000.00 | $ 30,000,000.00 | $15,220.70
1,5, | Office expenses | month | 12.00 | $ 500,000.00 | $ 6,000,000.00 | $3,044.14
SUB-TOTAL ADMINISTRATIVE COSTS | $ 89,000,000.00 | $ 45,154.74
2, | STAFF COSTS |  |  |  |  |
2,1, | Project Manager | month | 12.00 | $ 15,000,000.00 | $ 180,000,000.00 | $91,324.20
2,2, | Administrative assistant | month | 12.00 | $ 3,000,000.00 | $ 36,000,000.00 | $18,264.84
2,3, | Junior geologists (2) | month | 12.00 | $ 9,000,000.00 | $ 108,000,000.00 | $54,794.52
2,4, | Auxiliary field (7) | month | 10.00 | $ 9,900,000.00 | $ 99,000,000.00 | $50,228.31
2,5, | Cook | month | 12.00 | $ 1,350,000.00 | $ 16,200,000.00 | $8,219.18
2,6, | Messenger - Driver - Several Trades | month | 12.00 | $ 1,282,000.00 | $ 15,384,000.00 | $7,805.18
2,7, | Nestor and brother payment | month | 12.00 | $ 6,000,000.00 | $ 72,000,000.00 | $36,529.68
SUB-TOTAL STAFF COSTS | $ 526,584,000.00 | $ 267,165.91
3, | LEGAL AND ENVIRONMENT LICENCES |  |  |  |  |
3,1, | Environmental Licences (Mine, drill and Road) | Global | 1.00 | $ 30,000,000.00 | $ 30,000,000.00 | $15,220.70
SUBTOTAL LEGAL AND ENVIROMENT LICENCES | $ 30,000,000.00 | $ 15,220.70
4, | EXPLORATION AND RESERVES |  |  |  |  |
4,1, | 3.1, UNDERGROND SAMPLING (APROX 2000 METERS TUNNELS) |  |  |  |  |
4,1,1, | Laboratory analysis of samples | Unit | 400.00 | $ 40,000.00 | $ 16,000,000.00 | $8,117.71
4,1,2, | Field expenses | month | 10.00 | $ 500,000.00 | $ 5,000,000.00 | $2,536.78
4,1,3, | Food | month | 10.00 | $ 6,000,000.00 | $ 60,000,000.00 | $30,441.40
4,1,4, | Diesel, oil, gasoline | month | 12.00 | $ 2,400,000.00 | $ 28,800,000.00 | $14,611.87
4,2, | 3.2, DRILLING (3000 METERS) |  |  |  |  |
4,2,1, | Drill NTW | Meter | 3000.00 | $ 255,200.00 | $ 765,600,000.00 | $388,432.27
4,2,2, | Access, platform, water, mud disposition, etc | Global | 1.00 | $ 20,000,000.00 | $ 20,000,000.00 | $10,147.13
4,2,3, | Laboratory analysis of samples | Unit | 1000.00 | $ 40,000.00 | $ 40,000,000.00 | $20,294.27
4,2,4, | Metal cases for core | Unit | 900.00 | $ 33,205.00 | $ 29,884,500.00 | $15,162.10
SUB-TOTAL EXPLORATION AND RESERVES | $ 965,284,500.00 | $ 489,743.53
5, | INFRASTRUCTURE |  |  |  |  |
5,1, | Design, construction, permission and maintenance road | Global | 1.00 | $ 250,000,000.00 | $ 250,000,000.00 | $126,839.17
SUB-TOTAL INFRASTRUCTURE | $ 250,000,000.00 | $ 126,839.17
TOTAL ANUAL BUDGET | $ 1,860,868,500.00 | $ 944,124.05

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Table 20-2 Cash Flow – Phase 2

Cash Flow (Phase 2)
ITEM | DESCRIPTION | PARTIAL VALUE US$ | MONTH 1 | MONTH 2 | MONTH 3 | MONTH 4 | MONTH 5 | MONTH 6 | MONTH 7 | MONTH 8 | MONTH 9 | MONTH 10 | MONTH 11 | MONTH 12
1, | ADMINISTRATIVE COSTS |  |  |  |  |  |  |  |  |  |  |  |  |
1,1, | Rental Office | $9,132.42 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04 | $ 761.04
1,2, | Utilities (Water, Energy, telephones, Internet) | $7,610.35 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20 | $ 634.20
1,3, | Purchase used 4x4 Jeep or little truck | $10,147.13 | $ 10,147.13 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00
1,4, | Lodging, airplane tickets, Food, Travel, representation costs, etc. | $15,220.70 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39 | $ 1,268.39
1,5, | Office expenses | $3,044.14 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68
SUB-TOTAL ADMINISTRATIVE COSTS | $ 45,154.74 | $ 13,064.43 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30 | $ 2,917.30
2, | STAFF COSTS |  |  |  |  |  |  |  |  |  |  |  |  |
2,1, | Project Manager | $91,324.20 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35 | $ 7,610.35
2,2, | Administrative assistant | $18,264.84 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07 | $ 1,522.07
2,3, | Junior geologists (2) | $54,794.52 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21 | $ 4,566.21
2,4, | Auxiliary field (7) | $50,228.31 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69 | $ 4,185.69
2,5, | Cook | $8,219.18 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93 | $ 684.93
2,6, | Messenger - Driver - Several Trades | $7,805.18 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43 | $ 650.43
2,7, | Nestor Arias and brothers payment | $36,529.68 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14
SUB-TOTAL STAFF COSTS | $ 267,165.91 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83 | $ 22,263.83
3, | LEGAL AND ENVIRONMENT LICENCES |  |  |  |  |  |  |  |  |  |  |  |  |
3,1, | Environmental Licences (Mine, drill and Road) | $ 15,220.70 | $ 6,088.28 | $ 0.00 | $ 4,566.21 | $ 4,566.21 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00
SUBTOTAL LEGAL AND ENVIROMENT LICENCES | $ 15,220.70 | $ 6,088.28 | $ 0.00 | $ 4,566.21 | $ 4,566.21 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00

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Figure 20-2 Cash Flow – Phase 2 (Continued)

Cash Flow (Phase 2)
4, | EXPLORATION AND RESERVES |  |  |  |  |  |  |  |  |  |  |  |  |
4,1, | 3.1, UNDERGROND SAMPLING (APPROX 2000 METERS TUNNELS) |  |  |  |  |  |  |  |  |  |  |  |  |
4,1,1, | Laboratory analysis of samples | $8,117.71 | $ 0.00 | $ 4,058.85 | $ 0.00 | $ 4,058.85 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00
4,1,2, | Field expenses | $2,536.78 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 253.68 | $ 0.00 | $ 0.00
4,1,3, | Food | $30,441.40 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 3,044.14 | $ 0.00 | $ 0.00
4,1,4, | Diesel, oil, gasoline | $14,611.87 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66 | $ 1,217.66
4,2, | 3.2, DRILLING (3000 METERS) |  |  |  |  |  |  |  |  |  |  |  |  |
4,2,1, | Drill NTW | $388,432.27 | $ 0.00 | $ 0.00 | $ 0.00 | $ 116,529.68 | $ 58,264.84 | $ 58,264.84 | $ 58,264.84 | $ 58,264.84 | $ 38,843.23 | $ 0.00 | $ 0.00 | $ 0.00
4,2,2, | Access, platform, water, mud disposition, etc | $10,147.13 | $ 0.00 | $ 0.00 | $ 0.00 | $ 1,691.19 | $ 1,691.19 | $ 1,691.19 | $ 1,691.19 | $ 1,691.19 | $ 1,691.19 | $ 0.00 | $ 0.00 | $ 0.00
4,2,3, | Laboratory analysis of samples | $20,294.27 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 4,058.85 | $ 4,058.85 | $ 4,058.85 | $ 4,058.85 | $ 4,058.85 | $ 0.00 | $ 0.00 | $ 0.00
4,2,4, | Metal cases for core | $15,162.10 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 3,032.42 | $ 3,032.42 | $ 3,032.42 | $ 3,032.42 | $ 3,032.42 | $ 0.00 | $ 0.00 | $ 0.00
SUB-TOTAL EXPLORATION AND RESERVES | $ 489,743.53 | $ 4,515.47 | $ 8,574.33 | $ 4,515.47 | $ 126,795.20 | $ 71,562.78 | $ 71,562.78 | $ 71,562.78 | $ 71,562.78 | $ 52,141.16 | $ 4,515.47 | $ 1,217.66 | $ 1,217.66
5, | INFRASTRUCTURE |  |  |  |  |  |  |  |  |  |  |  |  |
5,1, | Design, construction, permission and maintenance road | $126,839.17 | $ 63,419.58 | $ 31,709.79 | $ 31,709.79 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00
SUB-TOTAL INFRASTRUCTURE | $ 126,839.17 | $ 63,419.58 | $ 31,709.79 | $ 31,709.79 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00
TOTAL PHASE 2 - INVESTMENT AND EVERY MONTH | $ 944,124.05 | $ 109,351.60 | $ 65,465.25 | $ 65,972.60 | $ 156,542.53 | $ 96,743.90 | $ 96,743.90 | $ 96,743.90 | $ 96,743.90 | $ 77,322.29 | $ 29,696.60 | $ 26,398.78 | $ 26,398.78
PERCENT TO EXECUTE MONTHLY | 100.00% | 11.58% | 6.93% | 6.99% | 16.58% | 10.25% | 10.25% | 10.25% | 10.25% | 8.19% | 3.15% | 2.80% | 2.80%

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Table 20-3 Phase 2 Schedule

Schedule Phase 2
ITEM | DESCRIPTION | MONTH 1 | MONTH 2 | MONTH 3 | MONTH 4 | MONTH 5 | MONTH 6 | MONTH 7 | MONTH 8 | MONTH 9 | MONTH 10 | MONTH 11 | MONTH 12
1,1, | Rental Office |  |  |  |  |  |  |  |  |  |  |  |
1,2, | Utilities (Water, Energy, telephones, Internet) |  |  |  |  |  |  |  |  |  |  |  |
1,3, | Purchase used 4x4 Jeep or little truck |  |  |  |  |  |  |  |  |  |  |  |
1,4, | Lodging, airplane tickets, Food, Travel, representation costs, etc. |  |  |  |  |  |  |  |  |  |  |  |
1,5, | Office expenses |  |  |  |  |  |  |  |  |  |  |  |
2,1, | Project Manager |  |  |  |  |  |  |  |  |  |  |  |
2,2, | Administrative assistant |  |  |  |  |  |  |  |  |  |  |  |
2,3, | Tunnel sampling |  |  |  |  |  |  |  |  |  |  |  |
2,4, | Junior geologists (2) |  |  |  |  |  |  |  |  |  |  |  |
2,5, | Auxiliary field (7) |  |  |  |  |  |  |  |  |  |  |  |
2,6, | Cook |  |  |  |  |  |  |  |  |  |  |  |
2,7, | Messenger - Driver - Several Trades |  |  |  |  |  |  |  |  |  |  |  |
2,8, | Nestor Arias and brothers payment |  |  |  |  |  |  |  |  |  |  |  |
3,1, | Environmental Licenses (Mine, drill and Road) |  |  |  |  |  |  |  |  |  |  |  |
4,1,1, | Laboratory analysis of samples |  |  |  |  |  |  |  |  |  |  |  |
4,1,2, | Field expenses |  |  |  |  |  |  |  |  |  |  |  |
4,1,3, | Food |  |  |  |  |  |  |  |  |  |  |  |
4,1,4, | Diesel, oil, gasoline |  |  |  |  |  |  |  |  |  |  |  |
4,2, | 3.2, DRILLING (3000 METERS) |  |  |  |  |  |  |  |  |  |  |  |
4,2,1, | Drill NTW |  |  |  |  |  |  |  |  |  |  |  |
4,2,2, | Access, platform, water, mud disposition, etc |  |  |  |  |  |  |  |  |  |  |  |
4,2,3, | Laboratory analysis of samples |  |  |  |  |  |  |  |  |  |  |  |
4,2,4, | Metal cases for core |  |  |  |  |  |  |  |  |  |  |  |
5,1, | Design, construction, permission and maintenance road |  |  |  |  |  |  |  |  |  |  |  |

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| 21. | REFERENCES

ANGLOGOLD ASHANTI (2008): AngloGold Ashanti announced significant exploration resultsat 100% owner La Colosa project in Colombia, Press release, 06 May 2008, AngloGold Ashanti website, http://www.anglogoldashanti.com/NR/rdonlyres/2C59B4C3-CCCB-46D4-9542-074015B547D8/0/20080605_Colosa.pdf, accessed on 22 Feb 2010.

BUCHANAN, L.J. (1981): Precious Metal Deposits associated with Volcanic Environments in the Southwest; in Relations of Tectonics to Ore Deposits in the Southern Cordillera; Arizona Geological Society Digest, Volume 14, pp. 237-262.

CAMACHO et al. Propuesta de adecuación tecnológica del beneficio de minerales auríferos en la mina California. Distrito minero Manizales - Villamaría. Tesis de grado Facultad de Ciencias Exactas y Naturales. Universidad de Caldas. 1999.

GAITAN CAMACHO, HUGO (2009): Toldafria Project, Results of information obtained during Phase I of exploration, Toldafria Project, Villamaría Municipality, Caldas Department, Core Values Mining and Exploration Company

GOLDEN AMERA RESOURCES INC, GROSSO GROUP (2008). Reconocimiento de dos titulos en el municipio de Villamaria, Departamento de Caldas (Colombia), con un área de 620 hectáreas.

GONZÁLEZ, H y NÚÑEZ, A. Mapa Geológico generalizado del departamento del Quindío. Memoria explicativa, Bogotá. Ingeominas.1991.

GONZÁLEZ, H. 1993. Mapa Geológico del Departamento de Caldas. Escala 1:250.000. Memoria explicativa. INGEOMINAS, 62 p. Santa Fe de Bogotá.

GONZALES, L. & JARAMILLO, C. Estudio Multidisciplinario aplicado a la falla Villamaría-Termales. Manizales 2002, Trabajo de grado Programa de geología. Universidad de Caldas. Facultad de Ciencias Exactas y Naturales.

HERD, 1974. Glacial and Volcanic Geology of the Ruiz Tolima Volcanic Complex Cordillera Central, Colombia. 48 p. 18.

JARAMILLO, J. M. 1978. Determinación de las edades de algunas rocas de la Cordillera Central de Colombia por el método de huellas de fisión. 2 Congr. Col. Geol., Resúmenes. Bogotá.

LEWIS, WILLIAM J., AND SAN MARTIN, ALAN J. (2008): Updated NI 43-101 technical report and preliminary resource estimate for the Marmato Project, Department of Caldas, Republic of Colombia, MICON, Inc., May 30, 2008

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LÓPEZ, J.H. Ocurrencias Minerales del Departamento de Caldas. Santa Fe de Bogotá, Ingeominas. 1978CHEC (1983)

MC COURTH, W,J., et al . New Geological and Geochronological data from the Colombian Andes: Continental growth by multiple acretion. JGSL, Volumen 141, 1984 p 831-835.

MINERALES DE COLOMBIA S.A (MINERALCO). Plan de desarrollo minero recurso oro departamento de Caldas, 1994. p 58-60. Gobernación de Caldas. Sección Asuntos Mineros.

MOSIER, D.L., BERGER, B.R., and SINGER, D.A. (1986): Descriptive Model of Sado Epithermal Veins; in Mineral Deposit Models, Cox, D.P. and Singer, D.A., Editors, U.S. Geological Survey, Bulletin 1693, p. 154.

NARANJO, J. & RIOS, P. Geología de Manizales y sus alrededores y su influencia en los riesgos geológicos: Revista de la Universidad de Caldas, Vol. 10, Nº 1-3, 1989. Universidad de Caldas, Manizales Colombia.

PULIDO, O. Reconocimiento regional para mineralizaciones de oro diseminado en tres zonas de los departamentos de Caldas, Quindío y Tolima. Bol. Geol. Vol. 29, No. 2, 1988.

RESTREPO, VICENTE (1886): A study of gold and silver mines of Colombia, Translated by C.W. Fisher, pub. New York: Colombian Consulate

RODRIGUEZ, C. AND WARDEN, A.J. (1993): Overview of some Colombian gold deposits and their development potential, Mineralium Deposita, vol. 28, number 1, pp. 47-57

TAPIAS, JORGE GOMEZ, et. al. (2007): Geologic atlas of Colombia, Plate 5-09, Colombain Insttitute of Geology and Mining (INGEOMINAS) Geologic Service, scale 1:500,000

THOURET, J. C (1984). “Pour une perspective géographique de L’étagement dans les grands systems montagneux”. Revue de Géographie Alpine, t. LXXII, N. 2-3-4, 1 partie, pp. 189-212.

SILLITOE, R.H. (1993): Epithermal Models: Genetic Types, Geometrical Controls and Shallow Features; in Mineral Deposit Modeling, Kirkham, R.V., Sinclair, W.D., Thorpe, R.I., and duke, J.M., Editors, Geological Society of Canada, Special Paper 40, pp. 403-417.

WEST, ROBERT C. (1952): West, Robert C., Colonial placer mining in Colombia, Lousiana State University Press, 159 pgs.

WHITE, N.C., and HEDENQUIST, J.W. (1990): Epithermal Environments and Styles of Mineralization; Variations and their Causes and Guidelines for Exploration; in Epithermal Gold Mineralization of the Circum-Pacific; Geology, Geochemistry, Origin and Exploration, II; Hedenquist, J.W., White, N.C. and Siddeley, G., Editors, Journal of Geochemical Exploration, V. 36, pp. 445-474.

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| 22. | DATE AND SIGNATURE PAGES

WILLIAM J. CROWL

Vice President, Mining

Gustavson Associates, LLC

274 Union Boulevard, Suite 450

Lakewood, Colorado 80228

Telephone: 720-407-4062 Facsimile: 720-407-4067

Email: wcrowl@gustavson.com

CERTIFICATE of AUTHOR

I, William J. Crowl do hereby certify that:

| 1. | I am currently employed as Vice President, Mining by Gustavson Associates, LLC at:

274 Union Boulevard

Suite 450

Lakewood, Colorado 80228

| 2. | I am a graduate of the University of Southern California with a Bachelor of Arts in Earth Science (1968), and a MSc. In Economic Geology from the University of Arizona in 1979, and have practiced my profession continuously since 1973.

| 3. | I am a registered Professional Geologist in the State of Oregon (G573) and am a member in good standing of the Australian Institute of Mining and Metallurgy and the Society of Economic Geologists.

| 4. | I have worked as a geologist for a total of 39 years since my graduation from university; as a graduate student, as an employee of a major mining company, a major engineering company, and as a consulting geologist.

| 5. | I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101.

| 6. | I am responsible for the preparation of the technical report titled “NI 43-101 Technical Report On The Toldafria Project, Manizales Columbia” dated May 31, 2011 (the “Technical Report”). I am responsible for Sections 1 through 16 and 18-20. Personal visits to the subject properties were conducted during the week of January 25, 2010 and the week of February 7, 2011.

| 7. | I have personally completed an independent review and analysis of the data and written information contained in this Technical Report.

May 31, 2011 | 77 |

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

| 8. | I previously contributed to the preparation of the technical report on this property titled “NI 43-101 Technical Report On The Toldafria Project, Manizales Columbia”, dated March 31, 2010.

| 9. | I am independent of Rio Novo Gold Inc.

| 10. | I am not aware of any material fact or material change with respect to the subject matter of the Technical Report that is not reflected in the Technical Report, the omission to disclose which makes the Technical Report misleading.

| 11. | I do not hold, nor do I expect to receive, any securities or any other interest in any corporate entity, private or public, with interests in the properties that are the subject of this report or in the properties themselves, nor do I have any business relationship with any such entity apart from a professional consulting relationship with the issuer, nor to the best of my knowledge do I have any interest in any securities of any corporate entity with property within a two (2) kilometer distance of any of the subject properties.

| 12. | I have read National Instrument 43-101 and Form 43-101, and the Technical Report has been prepared in compliance with that instrument and form.

| 13. | I consent to the filing of the Technical Report with any stock exchanges or other regulatory authority and any publication by them, including electronic publication in the public company files on the websites accessible by the public, of the Technical Report.

Dated this 31st day of May, 2011.

/s/William J. Crowl (Signature)

Signature of Qualified Person

“William J. Crowl”

Print name of Qualified Person

May 31, 2011 | 78 |

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

DONALD E. HULSE

Principal Mining Engineer

Gustavson Associates, LLC

274 Union Boulevard, Suite 450

Lakewood, Colorado 80228

Telephone: 720-407-4062 Facsimile: 720-407-4067

Email: dhulse@gustavson.com

CERTIFICATE of AUTHOR

I, Donald E. Hulse do hereby certify that:

| 1. | I am currently employed as Principal Mining Engineer by Gustavson Associates, LLC at:

274 Union Boulevard

Suite 450

Lakewood, Colorado 80228

| 2. | I am a graduate of the Colorado School of Mines with a Bachelor of Science in Mining Engineering (1982), and have practiced my profession continuously since 1983.

| 3. | I am a registered Professional Engineer in the State of Colorado (35269).

| 4. | I have worked as a mining engineer for a total of 25 years since my graduation from university; as an employee of a major mining company, a major engineering company, and as a consulting engineer.

| 5. | I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101.

| 6. | I am responsible for the preparation of the technical report titled “NI 43-101 Technical Report On The Toldafria Project, Manizales Columbia” dated May 31, 2011 (the “Technical Report”). I was responsible for Sections 17 through 20. A personal visit of the subject properties was not conducted.

| 7. | I have personally completed an independent review and analysis of the data and written information contained in this Technical Report.

| 8. | I previously contributed to the preparation of the technical report on this property titled “NI 43-101 Technical Report On The Toldafria Project, Manizales Columbia” dated March 31, 2010.

| 9. | I am independent of Rio Novo Gold Inc.

| 10. | I am not aware of any material fact or material change with respect to the subject matter of the Technical Report that is not reflected in the Technical Report, the omission to disclose which makes the Technical Report misleading.

May 31, 2011 | 79 |

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

| 11. | I do not hold, nor do I expect to receive, any securities or any other interest in any corporate entity, private or public, with interests in the properties that are the subject of this report or in the properties themselves, nor do I have any business relationship with any such entity apart from a professional consulting relationship with the issuer, nor to the best of my knowledge do I have any interest in any securities of any corporate entity with property within a two (2) kilometer distance of any of the subject properties.

| 12. | I have read National Instrument 43-101 and Form 43-101, and the Technical Report has been prepared in compliance with that instrument and form.

| 13. | I consent to the filing of the Technical Report with any stock exchanges or other regulatory authority and any publication by them, including electronic publication in the public company files on the websites accessible by the public, of the Technical Report.

Dated this 31st day of May, 2011

/s/Donald E. Hulse (Signature)

Signature of Qualified Person

“Donald E. Hulse”

Print name of Qualified Person

May 31, 2011 | 80 |

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

| 23. | ADDITIONAL REQUIREMENTS FOR TECHNICAL REPORTS ON DEVELOPMENT PROPERTIES AND PRODUCTION PROPERTIES

Not applicable

May 31, 2011 | 81 |

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

| 24. | ILLUSTRATIONS

All illustrations and graphics were incorporated in the body of this Technical Report to facilitate readability.

May 31, 2011 | 82 |

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

APPENDIX A

Assay Database

May 31, 2011 |  |

Sample Database

January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
Campamento | 849,139.51 | 1,039,156.20 | 2,975.70 | 0.083 | CR | x | 793
Campamento | 849,135.29 | 1,039,156.51 | 2,975.97 | 0.076 | CR | x | 794
Campamento | 849,131.55 | 1,039,156.76 | 2,975.98 | 0.056 | CR | x | 795
Campamento | 849,127.79 | 1,039,156.91 | 2,976.34 | 0.171 | CR | x | 796
Campamento | 849,123.92 | 1,039,157.17 | 2,976.40 | 0.03 | CR | x | 797
Campamento | 849,120.91 | 1,039,157.47 | 2,976.48 | 0.054 | CR | x | 798
Campamento | 849,117.42 | 1,039,157.32 | 2,976.59 | 0.046 | CR | x | 799
Campamento2 | 849,138.23 | 1,039,150.29 | 2,977.29 | 0.66 | MO | p | 875
Campamento2 | 849,137.89 | 1,039,148.61 | 2,977.21 | 0.227 | MO | p | 877
Campamento2 | 849,137.57 | 1,039,146.28 | 2,977.09 | 0.503 | CR | p | 876
Campamento2 | 849,131.93 | 1,039,153.92 | 2,977.61 | 0.164 | MO | p | 873
Campamento2 | 849,131.02 | 1,039,154.19 | 2,976.54 | 0.205 | MO | p | 874
Campamento2 | 849,113.98 | 1,039,157.41 | 2,976.44 | 0.03 | CR | x | 828
Campamento2 | 849,110.57 | 1,039,157.56 | 2,976.63 | 0.034 | CR | x | 829
Campamento2 | 849,107.29 | 1,039,154.21 | 2,978.78 | 0.144 | MO | p | 871
Campamento2 | 849,106.37 | 1,039,157.75 | 2,977.35 | 0.043 | CR | x | 830
Campamento2 | 849,104.59 | 1,039,152.75 | 2,981.00 | 0.024 | MO | p | 872
Campamento2 | 849,102.55 | 1,039,157.80 | 2,976.88 | 0.086 | CR | x | 831
Campamento2 | 849,100.75 | 1,039,157.91 | 2,976.97 | 0.051 | CR | x | 832
Campamento2 | 849,100.46 | 1,039,153.59 | 2,978.29 | 0.036 | CR | p | 869
Campamento2 | 849,099.48 | 1,039,151.55 | 2,978.08 | 2.297 | MO | p | 870
Campamento2 | 849,096.54 | 1,039,158.14 | 2,977.11 | 3.358 | CR | x | 879
Campamento2 | 849,092.28 | 1,039,158.85 | 2,977.24 | 0.076 | CR | x | 833
Campamento2 | 849,088.82 | 1,039,159.25 | 2,977.49 | 0.031 | CR | x | 834
Campamento2 | 849,085.76 | 1,039,157.17 | 2,977.76 | 0.139 | CR | x | 835
Campamento2 | 849,082.89 | 1,039,153.36 | 2,977.97 | 0.059 | CR | p | 864
Campamento2 | 849,081.01 | 1,039,149.49 | 2,978.00 | 0.19 | CR | p | 865
Campamento2 | 849,080.53 | 1,039,157.65 | 2,978.00 | 0.119 | CR | x | 836
Campamento2 | 849,079.64 | 1,039,145.04 | 2,977.91 | 0.048 | CR | p | 866
Campamento2 | 849,077.57 | 1,039,141.08 | 2,977.95 | 0.285 | CR | p | 867
Campamento2 | 849,076.44 | 1,039,157.70 | 2,978.24 | 0.162 | CR | x | 837
Campamento2 | 849,075.45 | 1,039,137.23 | 2,978.91 | 0.147 | CR | p | 868
Campamento2 | 849,072.02 | 1,039,162.24 | 2,980.88 | 4.571 | CR | p | 856
Campamento2 | 849,071.94 | 1,039,162.56 | 2,979.49 | 0.067 | CR | p | 855
Campamento2 | 849,071.27 | 1,039,168.23 | 2,983.84 | 0.4 | CR | p | 858
Campamento2 | 849,070.98 | 1,039,168.84 | 2,986.07 | 0.365 | CR | p | 859
Campamento2 | 849,070.82 | 1,039,165.78 | 2,981.57 | 2.44 | CR | p | 857
Campamento2 | 849,070.50 | 1,039,170.60 | 2,986.11 | 1.056 | CR | p | 860
Campamento2 | 849,070.50 | 1,039,170.61 | 2,986.12 | 0.687 | CR | p | 861
Campamento2 | 849,070.41 | 1,039,172.47 | 2,984.30 | 0.201 | CR | p | 862
Campamento2 | 849,070.27 | 1,039,173.57 | 2,983.15 | 0.452 | CR | p | 863
Campamento2 | 849,065.58 | 1,039,159.38 | 2,978.30 | 0.044 | CR | x | 838
Campamento2 | 849,063.49 | 1,039,155.78 | 2,981.79 | 0.115 | CR | p | 854
Campamento2 | 849,063.21 | 1,039,155.59 | 2,980.29 | 0.196 | CR | p | 853
Campamento2 | 849,063.11 | 1,039,157.96 | 2,981.62 | 0.133 | CR | p | 852
Campamento2 | 849,061.86 | 1,039,159.95 | 2,978.19 | 0.035 | CR | x | 839
Campamento2 | 849,058.41 | 1,039,160.04 | 2,978.52 | 0.062 | CR | x | 840
Campamento2 | 849,055.06 | 1,039,160.13 | 2,979.06 | 0.033 | CR | x | 841
Campamento2 | 849,050.55 | 1,039,160.24 | 2,978.59 | 0.061 | CR | x | 842
Campamento2 | 849,047.38 | 1,039,160.27 | 2,978.94 | 0.037 | CR | x | 843
Campamento2 | 849,046.06 | 1,039,158.74 | 2,979.87 | 0.585 | CR | x | 844
Campamento2 | 849,043.86 | 1,039,160.16 | 2,979.44 | 0.049 | CR | x | 845
Campamento2 | 849,036.48 | 1,039,160.82 | 2,978.83 | 0.031 | CR | x | 846
Campamento2 | 849,032.58 | 1,039,161.14 | 2,979.01 | 0.045 | CR | x | 847

|  | Page 1 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
Campamento2 | 849,028.82 | 1,039,160.85 | 2,978.96 | 0.07 | CR | x | 848
Campamento2 | 849,025.04 | 1,039,161.39 | 2,979.15 | 0.046 | CR | x | 849
Campamento2 | 849,021.10 | 1,039,161.29 | 2,979.12 | 0.097 | CR | x | 850
Campamento2 | 849,017.48 | 1,039,161.53 | 2,979.41 | 0.088 | CR | x | 851
Caparrosa | 849,407.78 | 1,039,013.83 | 2,975.88 | 0.541 | LC | X | 558
Caparrosa | 849,401.54 | 1,039,014.28 | 2,975.01 | 0.078 | LC | X | 557
Caparrosa | 849,399.68 | 1,039,018.11 | 2,975.81 | 23.82 | LC | P | 562
Caparrosa | 849,399.42 | 1,039,013.90 | 2,975.22 | 0.118 | LC | X | 556
Caparrosa | 849,399.33 | 1,039,024.66 | 2,979.46 | 0.239 | LC | P | 563
Caparrosa | 849,397.86 | 1,039,018.71 | 2,975.37 | 0.941 | LC | P | 561
Caparrosa | 849,396.95 | 1,039,014.41 | 2,974.91 | 0.072 | LC | X | 555
Caparrosa | 849,390.44 | 1,039,015.08 | 2,974.58 | 0.246 | LC | X | 554
Caparrosa | 849,385.33 | 1,039,015.27 | 2,974.49 | 0.077 | LC | X | 553
Caparrosa | 849,382.24 | 1,039,022.13 | 2,974.85 | 0.972 | LC | X | 560
Caparrosa | 849,382.20 | 1,039,017.15 | 2,976.12 | 0.176 | LC | P | 559
Caparrosa | 849,382.17 | 1,039,015.53 | 2,976.31 | 0.1 | LC | X | 552
Caparrosa | 849,381.25 | 1,039,028.29 | 2,978.74 | 1.162 | LC | X | 565
Caparrosa | 849,380.83 | 1,039,015.55 | 2,974.52 | 0.282 | LC | X | 551
Caparrosa | 849,380.44 | 1,039,024.72 | 2,976.26 | 0.274 | LC | X | 564
Caparrosa | 849,380.23 | 1,039,011.80 | 2,975.17 | 0.598 | LC | X | 549
Caparrosa | 849,379.67 | 1,039,011.25 | 2,974.96 | 0.106 | LC | X | 548
Caparrosa | 849,375.62 | 1,039,012.91 | 2,974.83 | 0.196 | LC | X | 547
Caparrosa | 849,375.60 | 1,039,015.92 | 2,974.27 | 0.134 | LC | X | 550
Caparrosa | 849,372.73 | 1,039,013.74 | 2,974.00 | 0.118 | LC | X | 546
Desconocid | 849,082.22 | 1,039,426.36 | 2,939.90 | 0.108 | 0 | 0 | 1492
Desconocid | 849,081.85 | 1,039,422.76 | 2,940.28 | 0.063 | 0 | 0 | 1491
Desconocid | 849,081.48 | 1,039,394.84 | 2,940.10 | 0.093 | 0 | 0 | 1481
Desconocid | 849,081.20 | 1,039,421.40 | 2,939.65 | 2.748 | 0 | 0 | 1490
Desconocid | 849,081.18 | 1,039,396.49 | 2,941.24 | 0.18 | 0 | 0 | 1482
Desconocid | 849,080.50 | 1,039,419.72 | 2,939.37 | 0.528 | 0 | 0 | 1489
Desconocid | 849,079.99 | 1,039,398.43 | 2,940.91 | 0.072 | 0 | 0 | 1483
Desconocid | 849,078.42 | 1,039,417.13 | 2,939.70 | 0.737 | 0 | 0 | 1488
Desconocid | 849,078.27 | 1,039,413.87 | 2,939.90 | 0.498 | 0 | 0 | 1487
Desconocid | 849,078.24 | 1,039,404.83 | 2,940.42 | 0.253 | 0 | 0 | 1484
Desconocid | 849,077.77 | 1,039,408.45 | 2,940.22 | 0.685 | 0 | 0 | 1485
Desconocid | 849,076.50 | 1,039,411.95 | 2,940.36 | 0.908 | 0 | 0 | 1486
ElAcaro | 849,193.72 | 1,039,326.22 | 2,936.19 | 0.067 | MO | x | 1182
ElAcaro | 849,189.38 | 1,039,327.33 | 2,936.13 | 0.111 | MO | x | 1183
ElAcaro | 849,184.98 | 1,039,328.07 | 2,936.15 | 0.069 | MO | x | 1184
ElAcaro | 849,180.13 | 1,039,328.70 | 2,936.42 | 0.061 | MO | x | 1185
ElAcaro | 849,176.21 | 1,039,329.16 | 2,936.62 | 0.061 | MO | x | 1186
ElAcaro | 849,172.37 | 1,039,329.95 | 2,936.90 | 0.033 | MO | x | 1193
ElAcaro | 849,168.28 | 1,039,330.18 | 2,937.08 | 0.026 | MO | x | 1188
ElAcaro | 849,164.39 | 1,039,330.96 | 2,937.27 | 0.029 | MO | x | 1189
ElAcaro | 849,160.56 | 1,039,331.77 | 2,937.32 | 0.29 | MO | x | 1190
ElAcaro | 849,156.54 | 1,039,332.15 | 2,937.64 | 0.047 | MO | x | 1191
ElAcaro | 849,152.66 | 1,039,332.82 | 2,937.68 | 0.08 | MO | x | 1192
ElAcaro | 849,148.87 | 1,039,334.14 | 2,938.00 | 0.058 | MO | x | 1194
ElAcaro | 849,147.99 | 1,039,301.91 | 2,939.49 | 0.039 | MO | p | 1237
ElAcaro | 849,147.66 | 1,039,310.23 | 2,938.93 | 0.574 | MO | p | 1229
ElAcaro | 849,147.54 | 1,039,304.86 | 2,939.37 | 0.076 | MO | p | 1236
ElAcaro | 849,147.44 | 1,039,316.11 | 2,938.57 | 0.198 | MO | p | 1226
ElAcaro | 849,147.39 | 1,039,321.99 | 2,938.52 | 0.286 | MO | p | 1222
ElAcaro | 849,146.78 | 1,039,306.88 | 2,939.17 | 0.198 | MO | p | 1231

|  | Page 2 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
ElAcaro | 849,146.70 | 1,039,318.99 | 2,938.58 | 0.219 | MO | p | 1224
ElAcaro | 849,146.57 | 1,039,313.37 | 2,938.88 | 0.34 | MO | p | 1227
ElAcaro | 849,146.20 | 1,039,324.56 | 2,938.46 | 0.417 | MO | p | 1221
ElAcaro | 849,146.01 | 1,039,333.61 | 2,938.11 | 0.217 | MO | p | 1219
ElAcaro | 849,145.91 | 1,039,296.92 | 2,938.85 | 0.098 | MO | p | 1239
ElAcaro | 849,145.91 | 1,039,328.13 | 2,938.43 | 0.404 | MO | p | 1220
ElAcaro | 849,145.38 | 1,039,300.13 | 2,939.30 | 0.024 | MO | p | 1238
ElAcaro | 849,145.21 | 1,039,306.75 | 2,939.11 | 0.137 | MO | p | 1232
ElAcaro | 849,144.89 | 1,039,306.17 | 2,939.45 | 0.087 | MO | p | 1230
ElAcaro | 849,144.88 | 1,039,295.31 | 2,939.15 | 0.038 | MO | p | 1240
ElAcaro | 849,144.79 | 1,039,340.29 | 2,940.32 | 0.586 | MO | p | 1212
ElAcaro | 849,144.53 | 1,039,342.11 | 2,940.40 | 1.987 | MO | p | 1214
ElAcaro | 849,144.43 | 1,039,343.80 | 2,939.01 | 0.428 | MO | p | 1215
ElAcaro | 849,144.34 | 1,039,335.07 | 2,938.00 | 1.064 | MO | p | 1211
ElAcaro | 849,144.20 | 1,039,346.46 | 2,942.80 | 1.307 | MO | p | 1216
ElAcaro | 849,144.08 | 1,039,285.30 | 2,939.40 | 0.136 | MO | p | 1244
ElAcaro | 849,144.07 | 1,039,312.97 | 2,939.44 | 0.556 | MO | p | 1234
ElAcaro | 849,143.96 | 1,039,334.51 | 2,938.22 | 0.029 | MO | x | 1195
ElAcaro | 849,143.95 | 1,039,310.83 | 2,939.22 | 0.122 | MO | p | 1233
ElAcaro | 849,143.92 | 1,039,290.56 | 2,939.57 | 0.082 | MO | p | 1242
ElAcaro | 849,143.55 | 1,039,348.90 | 2,942.25 | 10.53 | MO | p | 1217
ElAcaro | 849,143.33 | 1,039,287.98 | 2,939.49 | 0.109 | MO | p | 1243
ElAcaro | 849,143.30 | 1,039,293.25 | 2,939.47 | 0.088 | MO | p | 1241
ElAcaro | 849,143.11 | 1,039,284.65 | 2,938.29 | 0.173 | MO | p | 1245
ElAcaro | 849,142.81 | 1,039,314.18 | 2,938.26 | 1.07 | MO | p | 1235
ElAcaro | 849,142.78 | 1,039,351.51 | 2,941.47 | 0.307 | MO | p | 1228
ElAcaro | 849,139.81 | 1,039,335.19 | 2,938.20 | 0.084 | MO | x | 1196
ElAcaro | 849,136.79 | 1,039,334.30 | 2,938.48 | 0.037 | MO | p | 1209
ElAcaro | 849,135.34 | 1,039,335.90 | 2,938.54 | 0.211 | MO | x | 1197
ElAcaro | 849,132.88 | 1,039,330.49 | 2,938.32 | 0.356 | MO | p | 1210
ElAcaro | 849,127.49 | 1,039,333.75 | 2,938.24 | 0.134 | MO | x | 1198
ElAcaro | 849,123.75 | 1,039,331.28 | 2,938.58 | 0.217 | MO | x | 1199
ElAcaro | 849,121.89 | 1,039,323.58 | 2,943.41 | 0.21 | MO | p | 1207
ElAcaro | 849,121.13 | 1,039,325.45 | 2,941.25 | 0.4 | MO | p | 1208
ElAcaro | 849,120.40 | 1,039,328.89 | 2,938.85 | 0.18 | MO | x | 1201
ElAcaro | 849,102.94 | 1,039,319.05 | 2,940.08 | 4.373 | MO | x | 1202
ElDuende | 849,307.71 | 1,039,003.21 | 2,988.58 | 0.429 | AM | P | 182
ElDuende | 849,307.50 | 1,039,005.36 | 2,987.71 | 0.737 | AM | P | 183
ElDuende | 849,307.03 | 1,039,004.75 | 2,987.21 | 0.697 | AM | P | 181
ElDuende | 849,305.26 | 1,039,002.12 | 2,972.30 | 0.439 | JR | P | 196
ElDuende | 849,304.75 | 1,039,006.06 | 2,985.44 | 0.079 | AM | X | 180
ElDuende | 849,304.14 | 1,039,004.78 | 2,972.49 | 0.388 | JR | P | 195
ElDuende | 849,302.98 | 1,039,007.10 | 2,973.07 | 0.206 | AM | P | 193
ElDuende | 849,302.94 | 1,039,006.84 | 2,972.96 | 0.262 | JR | P | 194
ElDuende | 849,302.64 | 1,039,010.46 | 2,985.68 | 0.309 | AM | P | 189
ElDuende | 849,302.11 | 1,039,003.64 | 2,980.55 | 0.46 | AM | P | 185
ElDuende | 849,302.04 | 1,039,002.49 | 2,980.05 | 0.206 | AM | P | 179
ElDuende | 849,302.01 | 1,039,009.15 | 2,985.23 | 0.422 | AM | P | 188
ElDuende | 849,301.95 | 1,039,006.06 | 2,981.79 | 0.69 | AM | P | 186
ElDuende | 849,301.91 | 1,039,011.06 | 2,972.69 | 0.47 | AM | P | 192
ElDuende | 849,301.88 | 1,039,007.64 | 2,983.44 | 0.177 | AM | P | 187
ElDuende | 849,301.66 | 1,039,001.87 | 2,978.94 | 0.311 | AM | P | 184
ElDuende | 849,301.39 | 1,039,023.74 | 2,972.79 | 0.754 | AM | X | 169
ElDuende | 849,301.15 | 1,039,015.08 | 2,973.15 | 0.139 | AM | P | 191

|  | Page 3 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
ElDuende | 849,301.09 | 1,039,025.88 | 2,972.61 | 0.318 | JR | X | 197
ElDuende | 849,300.87 | 1,039,018.97 | 2,972.58 | 0.846 | AM | X | 170
ElDuende | 849,300.80 | 1,039,028.48 | 2,972.31 | 0.711 | AM | X | 168
ElDuende | 849,300.07 | 1,039,017.82 | 2,972.48 | 0.318 | AM | P | 190
ElDuende | 849,299.98 | 1,039,029.37 | 2,972.22 | 2.261 | JR | X | 198
ElDuende | 849,299.16 | 1,039,032.74 | 2,972.15 | 0.066 | AM | X | 167
ElDuende | 849,298.38 | 1,039,037.07 | 2,971.73 | 0.148 | AM | X | 166
ElDuende | 849,297.89 | 1,039,001.48 | 2,977.57 | 0.233 | AM | P | 178
ElDuende | 849,297.38 | 1,039,015.74 | 2,972.97 | 0.163 | AM | X | 171
ElDuende | 849,296.94 | 1,039,003.67 | 2,975.71 | 0.851 | AM | P | 177
ElDuende | 849,296.88 | 1,039,041.49 | 2,971.61 | 0.187 | AM | X | 165
ElDuende | 849,296.08 | 1,039,008.89 | 2,973.73 | 0.902 | AM | X | 175
ElDuende | 849,296.01 | 1,039,014.76 | 2,973.18 | 0.51 | AM | X | 172
ElDuende | 849,295.87 | 1,039,006.08 | 2,974.32 | 0.725 | AM | X | 199
ElDuende | 849,295.75 | 1,039,005.36 | 2,973.81 | 0.183 | AM | P | 176
ElDuende | 849,294.92 | 1,039,012.31 | 2,973.38 | 0.12 | AM | X | 174
ElDuende | 849,294.38 | 1,039,013.01 | 2,973.29 | 0.769 | AM | X | 173
ElDuende2 | 849,297.41 | 1,039,023.41 | 2,967.30 | 0.065 | CR | x | 792
ElDuende2 | 849,294.39 | 1,039,019.60 | 2,967.47 | 1.051 | CR | p | 790
ElDuende2 | 849,294.13 | 1,039,022.77 | 2,967.54 | 0.064 | CR | p | 791
ElDuende2 | 849,291.14 | 1,039,019.48 | 2,967.07 | 0.683 | CR | x | 788
ElDuende2 | 849,290.93 | 1,039,022.44 | 2,967.05 | 7.51 | CR | x | 787
ElDuende2 | 849,290.30 | 1,039,015.87 | 2,968.13 | 1.371 | CR | x | 789
ElDuende2 | 849,288.82 | 1,039,034.78 | 2,966.12 | 0.594 | CR | x | 786
ElDuende2 | 849,288.56 | 1,039,038.42 | 2,965.82 | 0.31 | CR | x | 785
ElDuende2 | 849,287.08 | 1,039,042.68 | 2,964.44 | 0.908 | LC | x | 784
ElEncuentr | 849,286.19 | 1,039,290.84 | 2,964.63 | 5.46 | CR | p | 1180
ElEncuentr | 849,286.01 | 1,039,287.50 | 2,963.77 | 11.05 | MO | p | 1179
ElEncuentr | 849,285.74 | 1,039,281.02 | 2,961.72 | 0.607 | MO | p | 1177
ElEncuentr | 849,285.59 | 1,039,291.56 | 2,964.30 | 0.533 | MO | p | 1181
ElEncuentr | 849,285.33 | 1,039,271.47 | 2,961.74 | 0.852 | CR | p | 1174
ElEncuentr | 849,285.31 | 1,039,284.35 | 2,962.65 | 2.579 | CR | p | 1178
ElEncuentr | 849,284.97 | 1,039,268.10 | 2,961.99 | 1.209 | MO | p | 1173
ElEncuentr | 849,284.81 | 1,039,277.77 | 2,961.75 | 0.622 | CR | p | 1176
ElEncuentr | 849,284.76 | 1,039,261.45 | 2,962.20 | 0.553 | CR | p | 1170
ElEncuentr | 849,284.66 | 1,039,257.23 | 2,961.20 | 0.33 | MO | p | 1169
ElEncuentr | 849,284.63 | 1,039,253.85 | 2,960.82 | 0.614 | MO | p | 1168
ElEncuentr | 849,284.57 | 1,039,267.43 | 2,962.27 | 0.331 | CR | p | 1172
ElEncuentr | 849,284.54 | 1,039,274.61 | 2,961.16 | 4.855 | MO | p | 1175
ElEncuentr | 849,284.02 | 1,039,264.56 | 2,962.36 | 1.462 | MO | p | 1171
ElEncuentr | 849,283.45 | 1,039,250.75 | 2,960.06 | 0.45 | CR | p | 1167
ElMirador | 849,329.87 | 1,039,075.04 | 2,990.90 | 0.289 | LC | X | 582
ElMirador | 849,329.61 | 1,039,069.55 | 2,990.08 | 0.32 | LC | X | 581
ElMirador | 849,329.01 | 1,039,080.59 | 2,990.99 | 38.31 | LC | P | 583
ElMirador | 849,328.96 | 1,039,079.10 | 2,990.87 | 69.16 | LC | P | 584
ElMurciela | 849,159.00 | 1,039,108.91 | 2,976.29 | 0.213 | AM | X | 392
ElMurciela | 849,156.94 | 1,039,105.26 | 2,976.85 | 0.09 | AM | X | 393
ElMurciela | 849,153.79 | 1,039,099.08 | 2,977.24 | 2.71 | AM | P | 404
ElMurciela | 849,153.47 | 1,039,099.26 | 2,976.35 | 0.243 | AM | X | 394
ElMurciela | 849,152.66 | 1,039,096.95 | 2,977.48 | 0.355 | AM | X | 395
ElMurciela | 849,150.58 | 1,039,092.70 | 2,977.42 | 0.06 | AM | X | 396
ElMurciela | 849,148.61 | 1,039,088.68 | 2,975.55 | 0.089 | AM | X | 397
ElMurciela | 849,146.20 | 1,039,086.51 | 2,977.48 | 0.058 | AM | X | 398
ElMurciela | 849,140.76 | 1,039,087.33 | 2,977.06 | 0.179 | AM | X | 399

|  | Page 4 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
ElMurciela | 849,137.14 | 1,039,086.90 | 2,977.40 | 0.036 | AM | X | 400
ElMurciela | 849,132.85 | 1,039,084.94 | 2,978.71 | 0.66 | AM | P | 401
ElMurciela | 849,131.54 | 1,039,086.67 | 2,976.74 | 1.343 | AM | P | 402
ElMurciela | 849,130.95 | 1,039,086.03 | 2,977.00 | 0.061 | AM | X | 403
ElRetiro | 849,469.53 | 1,039,028.01 | 2,995.86 | 0.34 | LC | P | 541
ElRetiro | 849,469.28 | 1,039,025.75 | 2,996.18 | 0.209 | LC | P | 540
ElRetiro | 849,465.85 | 1,039,024.23 | 2,995.82 | 0.342 | LC | X | 539
ElRetiro | 849,463.22 | 1,039,026.33 | 2,995.77 | 1.599 | LC | P | 536
ElRetiro | 849,462.62 | 1,039,029.36 | 2,996.05 | 0.812 | LC | P | 537
ElRetiro | 849,462.18 | 1,039,032.64 | 2,996.41 | 0.03 | LC | X | 538
ElRetiro | 849,461.59 | 1,039,020.14 | 2,996.91 | 0.413 | LC | P | 534
ElRetiro | 849,461.51 | 1,039,020.20 | 2,995.80 | 0.063 | LC | X | 535
ElRetiro | 849,460.64 | 1,039,019.66 | 2,995.65 | 0.197 | LC | P | 533
ElRetiro | 849,454.76 | 1,039,021.22 | 2,995.09 | 0.104 | LC | X | 532
ElRetiro | 849,454.19 | 1,039,022.70 | 2,995.20 | 0.453 | LC | P | 531
ElRetiro | 849,451.23 | 1,039,018.93 | 2,995.59 | 0.014 | LC | X | 530
ElRetiro | 849,448.74 | 1,039,019.42 | 2,995.24 | 0.177 | LC | X | 529
ElRetiro | 849,446.19 | 1,039,018.58 | 2,995.02 | 0.041 | LC | X | 528
ElRetiro | 849,443.32 | 1,039,017.67 | 2,994.94 | 0.107 | LC | X | 527
ElRetiro | 849,440.97 | 1,039,016.91 | 2,995.09 | 0.101 | LC | X | 526
ElRetiro | 849,438.19 | 1,039,015.95 | 2,994.81 | 0.191 | LC | X | 525
ElRetiro | 849,434.27 | 1,039,014.92 | 2,994.63 | 0.136 | LC | X | 524
ElRetiro | 849,431.93 | 1,039,009.72 | 2,995.73 | 4.175 | JR | P | 522
ElRetiro | 849,431.28 | 1,039,013.69 | 2,994.54 | 1.07 | JR | P | 520
ElRetiro | 849,430.72 | 1,039,009.05 | 2,994.54 | 0.734 | JR | P | 519
ElRetiro | 849,430.42 | 1,039,013.14 | 2,994.43 | 1.547 | JR | P | 518
ElRetiro | 849,425.84 | 1,039,012.29 | 2,994.44 | 2.127 | JR | P | 517
ElRetiro | 849,422.21 | 1,039,011.13 | 2,994.23 | 1.679 | JR | P | 516
ElRetiro | 849,422.00 | 1,039,009.26 | 2,995.00 | 0.271 | JR | P | 508
ElRetiro | 849,421.22 | 1,039,010.73 | 2,994.01 | 3.378 | JR | P | 515
ElRetiro | 849,419.81 | 1,039,010.22 | 2,994.08 | 41.28 | JR | P | 521
ElRetiro | 849,417.98 | 1,039,009.66 | 2,994.09 | 1.291 | JR | P | 514
ElRetiro | 849,415.22 | 1,039,008.76 | 2,993.97 | 1.55 | JR | P | 513
ElRetiro | 849,414.95 | 1,039,010.74 | 2,994.11 | 2.063 | JR | P | 506
ElRetiro | 849,414.76 | 1,039,013.46 | 2,994.42 | 2.114 | JR | P | 507
ElRetiro | 849,414.71 | 1,039,012.41 | 2,995.41 | 4.148 | JR | P | 523
ElRetiro | 849,413.51 | 1,039,007.80 | 2,994.21 | 3.192 | JR | P | 510
ElRetiro | 849,413.17 | 1,039,002.61 | 2,995.60 | 2.397 | JR | P | 511
ElRetiro | 849,411.67 | 1,039,015.84 | 2,995.77 | 1.632 | JR | P | 509
ElRetiro | 849,409.55 | 1,039,006.88 | 2,993.82 | 2.352 | JR | P | 505
ElRetiro | 849,409.12 | 1,038,998.60 | 2,995.59 | 3.015 | JR | P | 512
ElRetiro | 849,409.09 | 1,039,001.87 | 2,994.00 | 0.07 | JR | X | 502
ElRetiro | 849,407.01 | 1,039,006.01 | 2,994.09 | 2.836 | JR | P | 504
ElRetiro | 849,406.59 | 1,038,999.53 | 2,994.00 | 0.686 | JR | X | 501
ElRetiro | 849,406.45 | 1,039,009.42 | 2,996.27 | 2.469 | LC | P | 544
ElRetiro | 849,405.70 | 1,039,012.49 | 2,996.21 | 25.57 | LC | P | 545
ElRetiro | 849,404.43 | 1,039,010.93 | 2,995.80 | 1.949 | LC | P | 542
ElRetiro | 849,402.06 | 1,039,015.39 | 2,997.68 | 0.603 | LC | P | 543
ElRetiro | 849,400.32 | 1,039,004.60 | 2,997.57 | 4.679 | JR | P | 503
LaAntioqui | 849,210.55 | 1,039,121.99 | 2,947.96 | 0.043 | JR | X | 688
LaAntioqui | 849,206.66 | 1,039,119.90 | 2,947.91 | 0.077 | JR | X | 689
LaAntioqui | 849,202.54 | 1,039,118.36 | 2,947.98 | 0.037 | JR | X | 690
LaAntioqui | 849,198.69 | 1,039,116.58 | 2,947.98 | 0.037 | JR | X | 691
LaAntioqui | 849,197.29 | 1,039,123.53 | 2,956.44 | 0.91 | AM | P | 703

|  | Page 5 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaAntioqui | 849,196.94 | 1,039,121.89 | 2,954.73 | 0.82 | AM | P | 702
LaAntioqui | 849,196.31 | 1,039,118.74 | 2,954.36 | 1.229 | JR | P | 700
LaAntioqui | 849,196.24 | 1,039,116.83 | 2,953.85 | 1.54 | JR | P | 699
LaAntioqui | 849,195.41 | 1,039,121.79 | 2,953.78 | 1.207 | AM | P | 701
LaAntioqui | 849,194.70 | 1,039,108.28 | 2,954.62 | 1.466 | JR | P | 698
LaAntioqui | 849,194.64 | 1,039,113.60 | 2,952.77 | 1.569 | JR | P | 696
LaAntioqui | 849,194.54 | 1,039,114.80 | 2,948.19 | 0.324 | JR | X | 692
LaAntioqui | 849,193.47 | 1,039,109.88 | 2,952.69 | 9.89 | JR | P | 697
LaAntioqui | 849,193.20 | 1,039,113.66 | 2,950.77 | 0.942 | JR | P | 695
LaAntioqui | 849,192.32 | 1,039,113.99 | 2,948.94 | 1.387 | JR | P | 694
LaAntioqui | 849,190.86 | 1,039,113.88 | 2,946.76 | 0.79 | JR | P | 693
LaAntioqui | 849,190.78 | 1,039,113.17 | 2,948.18 | 0.039 | LC | X | 704
LaAntioqui | 849,186.74 | 1,039,110.88 | 2,948.02 | 0.038 | LC | X | 705
LaAntioqui | 849,182.41 | 1,039,109.08 | 2,947.98 | 0.027 | LC | X | 706
LaAntioqui | 849,178.75 | 1,039,106.87 | 2,948.09 | 0.278 | LC | X | 707
LaAntioqui | 849,172.72 | 103,904.44 | 2,948.47 | 0.033 | LC | X | 708
LaAntioqui | 849,168.72 | 1,039,103.43 | 2,948.49 | 0.024 | LC | X | 709
LaAntioqui | 849,164.52 | 1,039,101.61 | 2,948.69 | 0.091 | LC | X | 710
LaAntioqui | 849,160.72 | 1,039,100.32 | 2,949.20 | 0.02 | LC | X | 711
LaAntioqui | 849,156.82 | 1,039,099.12 | 2,949.56 | 0.108 | LC | X | 712
LaAntioqui | 849,152.86 | 1,039,097.52 | 2,949.41 | 0.038 | LC | X | 713
LaAntioqui | 849,148.81 | 1,039,097.39 | 2,949.74 | 0.034 | LC | X | 714
LaAntioqui | 849,144.90 | 1,039,096.33 | 2,949.77 | 0.077 | LC | X | 715
LaAntioqui | 849,140.65 | 1,039,095.41 | 2,949.99 | 0.049 | LC | X | 716
LaAntioqui | 849,135.98 | 1,039,095.97 | 2,950.03 | 0.129 | LC | X | 717
LaAntioqui | 849,131.71 | 1,039,096.71 | 2,950.16 | 0.039 | LC | X | 718
LaAntioqui | 849,127.55 | 1,039,097.86 | 2,950.17 | 0.044 | LC | X | 719
LaAntioqui | 849,123.36 | 1,039,099.07 | 2,950.27 | 0.099 | LC | X | 720
LaAntioqui | 849,119.04 | 1,039,100.36 | 2,950.42 | 0.445 | LC | X | 721
LaAntioqui | 849,114.71 | 1,039,100.46 | 2,950.39 | 0.02 | LC | X | 722
LaAntioqui | 849,110.16 | 1,039,099.91 | 2,950.50 | 0.074 | LC | X | 723
LaAntioqui | 849,105.62 | 1,039,100.27 | 2,959.53 | 0.097 | LC | X | 724
LaAntioqui | 849,101.33 | 1,039,100.86 | 2,950.75 | 0.069 | LC | X | 725
LaAntioqui | 849,099.24 | 1,039,152.55 | 2,953.28 | 0.06 | LC | P | 755
LaAntioqui | 849,098.86 | 1,039,150.90 | 2,952.99 | 0.233 | LC | P | 754
LaAntioqui | 849,098.24 | 1,039,149.46 | 2,953.02 | 0.076 | LC | P | 753
LaAntioqui | 849,097.91 | 1,039,147.41 | 2,953.20 | 0.273 | LC | P | 752
LaAntioqui | 849,096.89 | 1,039,101.25 | 2,950.95 | 0.034 | LC | X | 726
LaAntioqui | 849,096.63 | 1,039,144.27 | 2,953.22 | 2.479 | LC | P | 751
LaAntioqui | 849,096.19 | 1,039,142.10 | 2,952.77 | 0.091 | LC | P | 750
LaAntioqui | 849,095.19 | 1,039,140.11 | 2,952.96 | 0.052 | LC | P | 749
LaAntioqui | 849,094.51 | 1,039,118.80 | 2,952.55 | 0.175 | LC | P | 744
LaAntioqui | 849,093.84 | 1,039,138.36 | 2,952.93 | 0.39 | LC | P | 748
LaAntioqui | 849,093.64 | 1,039,133.53 | 2,952.66 | 0.555 | LC | P | 746
LaAntioqui | 849,093.43 | 1,039,135.82 | 2,952.81 | 1.207 | LC | P | 747
LaAntioqui | 849,093.33 | 1,039,131.17 | 2,952.64 | 0.207 | LC | P | 745
LaAntioqui | 849,092.63 | 1,039,100.96 | 2,950.97 | 0.063 | LC | X | 727
LaAntioqui | 849,091.22 | 1,039,122.98 | 2,952.92 | 0.383 | LC | P | 743
LaAntioqui | 849,088.84 | 1,039,098.80 | 2,950.96 | 0.061 | LC | X | 728
LaAntioqui | 849,087.31 | 1,039,118.12 | 2,952.52 | 0.182 | LC | P | 742
LaAntioqui | 849,085.41 | 1,039,115.84 | 2,952.36 | 0.86 | LC | P | 741
LaAntioqui | 849,084.72 | 1,039,096.34 | 2,951.12 | 0.262 | LC | X | 729
LaAntioqui | 849,084.58 | 1,039,113.90 | 2,952.36 | 2.691 | LC | P | 740
LaAntioqui | 849,082.63 | 1,039,111.13 | 2,952.17 | 0.383 | LC | P | 739

|  | Page 6 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaAntioqui | 849,082.33 | 1,039,105.80 | 2,952.00 | 4.15 | LC | P | 756
LaAntioqui | 849,082.09 | 1,039,109.64 | 2,952.33 | 1.072 | LC | P | 738
LaAntioqui | 849,081.65 | 109,105.24 | 2,952.10 | 6.88 | LC | P | 736
LaAntioqui | 849,081.33 | 1,039,107.56 | 2,952.42 | 1.893 | LC | P | 737
LaAntioqui | 849,080.70 | 1,039,094.31 | 2,951.11 | 0.556 | LC | X | 730
LaAntioqui | 849,080.44 | 1,039,101.96 | 2,951.97 | 0.705 | LC | P | 734
LaAntioqui | 849,079.92 | 1,039,103.88 | 2,952.15 | 0.76 | LC | P | 735
LaAntioqui | 849,079.20 | 1,039,101.77 | 2,951.91 | 0.28 | LC | P | 733
LaAntioqui | 849,078.83 | 1,039,099.01 | 2,952.02 | 1.86 | LC | P | 732
LaAntioqui | 849,077.67 | 1,039,096.18 | 2,952.64 | 4.215 | LC | P | 731
LaAntioqui | 849,075.39 | 1,039,094.74 | 2,951.35 | 0.42 | LC | X | 757
LaAntioqui | 849,070.67 | 1,039,094.56 | 2,951.14 | 0.266 | LC | X | 758
LaAntioqui2 | 849,077.93 | 1,039,093.93 | 2,950.92 | 1.054 | MO | p | 1036
LaAntioqui2 | 849,076.87 | 1,039,093.23 | 2,949.81 | 0.475 | MO | p | 960
LaAntioqui2 | 849,076.55 | 1,039,092.09 | 2,951.34 | 8.54 | MO | p | 1037
LaAntioqui2 | 849,076.37 | 1,039,065.53 | 2,951.37 | 0.027 | MO | p | 970
LaAntioqui2 | 849,076.22 | 1,039,077.06 | 2,957.04 | 1.885 | CR | p | 1040
LaAntioqui2 | 849,076.19 | 1,039,090.12 | 2,951.45 | 3.021 | MO | p | 1038
LaAntioqui2 | 849,076.08 | 1,039,063.44 | 2,962.01 | 5.19 | CR | p | 980
LaAntioqui2 | 849,075.89 | 1,039,063.11 | 2,961.20 | 0.099 | MO | p | 981
LaAntioqui2 | 849,075.78 | 1,039,059.64 | 2,952.39 | 0.081 | CR | p | 971
LaAntioqui2 | 849,075.76 | 1,039,068.23 | 2,951.46 | 0.439 | CR | p | 969
LaAntioqui2 | 849,075.75 | 1,039,073.52 | 2,952.25 | 2.544 | MO | p | 967
LaAntioqui2 | 849,075.26 | 1,039,062.30 | 2,961.15 | 0.604 | CR | p | 979
LaAntioqui2 | 849,075.24 | 1,039,074.57 | 2,953.18 | 7.02 | CR | p | 966
LaAntioqui2 | 849,075.23 | 1,039,076.13 | 2,952.50 | 1.713 | CR | p | 965
LaAntioqui2 | 849,075.11 | 1,039,078.37 | 2,956.17 | 1.556 | CR | p | 1049
LaAntioqui2 | 849,074.87 | 1,039,085.63 | 2,951.06 | 4.037 | MO | p | 961
LaAntioqui2 | 849,074.84 | 1,039,059.18 | 2,952.59 | 3.343 | MO | p | 972
LaAntioqui2 | 849,074.68 | 1,039,078.65 | 2,951.97 | 3.5 | LC | p | 964
LaAntioqui2 | 849,074.49 | 1,039,075.94 | 2,950.75 | 3.003 | MO | p | 968
LaAntioqui2 | 849,074.21 | 1,039,061.01 | 2,959.73 | 2.999 | CR | p | 978
LaAntioqui2 | 849,073.90 | 1,039,089.42 | 2,960.99 | 1.685 | CR | p | 1042
LaAntioqui2 | 849,073.39 | 1,039,083.12 | 2,953.05 | 1.33 | MO | p | 963
LaAntioqui2 | 849,073.27 | 1,039,082.67 | 2,951.94 | 1.558 | LC | p | 962
LaAntioqui2 | 849,073.20 | 1,039,058.21 | 2,958.06 | 2.444 | MO | p | 977
LaAntioqui2 | 849,072.71 | 1,039,080.65 | 2,955.88 | 3.276 | CR | p | 1041
LaAntioqui2 | 849,072.36 | 1,039,057.15 | 2,955.76 | 8.68 | MO | p | 974
LaAntioqui2 | 849,072.35 | 1,039,054.85 | 2,952.73 | 1.462 | CR | p | 973
LaAntioqui2 | 849,071.23 | 1,039,079.55 | 2,951.55 | 0.243 | LC | p | 1057
LaAntioqui2 | 849,070.91 | 1,039,083.01 | 2,961.94 | 2.071 | MO | p | 1043
LaAntioqui2 | 849,069.67 | 1,039,085.58 | 2,968.60 | 0.477 | CR | p | 1047
LaAntioqui2 | 849,069.64 | 1,039,082.37 | 2,964.55 | 2.519 | CR | p | 1045
LaAntioqui2 | 849,069.04 | 1,039,083.13 | 2,965.85 | 0.823 | CR | p | 1048
LaAntioqui2 | 849,069.00 | 1,039,083.28 | 2,965.08 | 0.201 | MO | p | 1046
LaAntioqui2 | 849,067.47 | 1,039,074.02 | 2,951.90 | 0.755 | MO | p | 1056
LaAntioqui2 | 849,066.45 | 1,039,097.96 | 2,955.73 | 1.133 | MO | p | 1033
LaAntioqui2 | 849,065.98 | 1,039,070.79 | 2,952.09 | 0.119 | CR | P | 1055
LaAntioqui2 | 849,065.55 | 1,039,101.06 | 2,957.58 | 0.219 | CR | p | 1039
LaAntioqui2 | 849,065.15 | 1,039,102.82 | 2,962.91 | 1.134 | CR | p | 1026
LaAntioqui2 | 849,065.10 | 1,039,102.76 | 2,961.58 | 3.827 | MO | p | 1025
LaAntioqui2 | 849,064.87 | 1,039,101.55 | 2,962.62 | 0.87 | CR | p | 1027
LaAntioqui2 | 849,064.35 | 1,039,095.02 | 2,955.24 | 0.148 | LC | p | 1035
LaAntioqui2 | 849,064.10 | 1,039,096.08 | 2,954.77 | 0.762 | MO | p | 1034

|  | Page 7 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaAntioqui2 | 849,063.93 | 1,039,102.11 | 2,958.09 | 0.622 | MO | p | 1029
LaAntioqui2 | 849,063.55 | 1,039,093.10 | 2,953.34 | 0.238 | LC | p | 959
LaAntioqui2 | 849,063.30 | 1,039,068.43 | 2,952.19 | 0.281 | MO | p | 1054
LaAntioqui2 | 849,063.09 | 1,039,043.75 | 2,952.21 | 0.092 | CR | p | 1000
LaAntioqui2 | 849,062.96 | 1,039,093.42 | 2,951.28 | 0.175 | CR | x | 921
LaAntioqui2 | 849,061.61 | 1,039,042.12 | 2,952.26 | 0.543 | MO | p | 983
LaAntioqui2 | 849,061.60 | 1,039,199.80 | 2,967.96 | 0.038 | CR | p | 1001
LaAntioqui2 | 849,060.00 | 1,039,198.49 | 2,965.56 | 0.167 | MO | p | 1003
LaAntioqui2 | 849,059.10 | 1,039,038.60 | 2,952.46 | 0.205 | CR | p | 984
LaAntioqui2 | 849,058.94 | 1,039,197.46 | 2,962.94 | 0.275 | LC | p | 1006
LaAntioqui2 | 849,057.67 | 1,039,093.45 | 2,950.56 | 0.294 | CR | x | 922
LaAntioqui2 | 849,057.45 | 1,039,196.34 | 2,958.34 | 1.582 | MO | p | 997
LaAntioqui2 | 849,057.20 | 1,039,096.56 | 2,952.95 | 5.78 | MO | p | 992
LaAntioqui2 | 849,057.16 | 1,039,036.05 | 2,955.31 | 4.326 | MO | p | 985
LaAntioqui2 | 849,056.95 | 1,039,192.77 | 2,956.41 | 0.139 | CR | p | 1007
LaAntioqui2 | 849,056.40 | 1,039,200.70 | 2,961.30 | 0.578 | MO | p | 994
LaAntioqui2 | 849,056.24 | 1,039,202.22 | 2,960.67 | 13.01 | MO | p | 993
LaAntioqui2 | 849,055.98 | 1,039,197.21 | 2,959.39 | 0.622 | CR | p | 996
LaAntioqui2 | 849,055.40 | 1,039,034.25 | 2,955.27 | 2.588 | CR | p | 986
LaAntioqui2 | 849,055.40 | 1,039,199.57 | 2,960.54 | 0.349 | CR | p | 995
LaAntioqui2 | 849,054.89 | 1,039,091.07 | 2,951.37 | 0.587 | MO | p | 958
LaAntioqui2 | 849,054.00 | 1,039,187.32 | 2,959.36 | 0.838 | MO | p | 1008
LaAntioqui2 | 849,053.76 | 1,039,085.96 | 2,951.44 | 0.155 | CR | p | 957
LaAntioqui2 | 849,052.79 | 1,039,084.35 | 2,952.34 | 6.31 | MO | p | 956
LaAntioqui2 | 849,052.64 | 1,039,030.07 | 2,955.30 | 8.65 | MO | p | 987
LaAntioqui2 | 849,052.53 | 1,039,029.69 | 2,955.25 | 9.78 | CR | p | 988
LaAntioqui2 | 849,052.28 | 1,039,061.87 | 2,952.78 | 0.12 | CR | P | 1053
LaAntioqui2 | 849,051.16 | 1,039,082.08 | 2,952.60 | 3.164 | CR | p | 955
LaAntioqui2 | 849,050.97 | 1,039,094.07 | 2,950.64 | 0.03 | CR | x | 923
LaAntioqui2 | 849,049.49 | 1,039,080.13 | 2,952.09 | 1.781 | MO | p | 953
LaAntioqui2 | 849,049.45 | 1,039,029.37 | 2,955.55 | 0.663 | MO | p | 989
LaAntioqui2 | 849,049.13 | 1,039,177.32 | 2,956.42 | 0.142 | CR | p | 1009
LaAntioqui2 | 849,048.62 | 1,039,078.12 | 2,951.51 | 4.071 | CR | p | 952
LaAntioqui2 | 849,048.10 | 1,039,057.64 | 2,953.36 | 0.104 | MO | p | 1052
LaAntioqui2 | 849,047.41 | 1,039,171.16 | 2,956.59 | 0.082 | MO | p | 1011
LaAntioqui2 | 849,047.17 | 1,039,076.29 | 2,951.66 | 3.056 | CR | p | 951
LaAntioqui2 | 849,046.77 | 1,039,168.64 | 2,956.93 | 0.292 | CR | p | 1012
LaAntioqui2 | 849,046.68 | 1,039,096.34 | 2,950.97 | 0.4 | CR | x | 924
LaAntioqui2 | 849,046.01 | 1,039,055.42 | 2,953.48 | 0.073 | CR | p | 1051
LaAntioqui2 | 849,044.74 | 1,039,162.81 | 2,957.30 | 0.058 | MO | p | 1013
LaAntioqui2 | 849,042.59 | 1,039,097.97 | 2,950.86 | 0.061 | CR | x | 926
LaAntioqui2 | 849,042.13 | 1,039,157.82 | 2,956.52 | 0.06 | CR | p | 1014
LaAntioqui2 | 849,040.77 | 1,039,151.41 | 2,955.43 | 0.03 | MO | p | 1015
LaAntioqui2 | 849,039.07 | 1,039,101.11 | 2,951.22 | 0.078 | CR | x | 927
LaAntioqui2 | 849,038.48 | 1,039,049.32 | 2,957.15 | 0.239 | CR | p | 1050
LaAntioqui2 | 849,038.01 | 1,039,102.43 | 2,951.37 | 0.198 | CR | x | 928
LaAntioqui2 | 849,036.61 | 1,039,139.82 | 2,955.61 | 11.19 | CR | p | 1016
LaAntioqui2 | 849,035.85 | 1,039,106.30 | 2,951.18 | 0.546 | CR | x | 929
LaAntioqui2 | 849,035.73 | 1,039,139.70 | 2,955.90 | 1.819 | MO | p | 1017
LaAntioqui2 | 849,032.77 | 1,039,112.56 | 2,951.53 | 1.725 | CR | x | 930
LaAntioqui2 | 849,030.03 | 1,039,113.47 | 2,951.11 | 2.411 | CR | x | 931
LaAntioqui2 | 849,027.80 | 1,039,115.97 | 2,951.42 | 0.161 | CR | x | 932
LaAntioqui2 | 849,024.21 | 1,039,118.88 | 2,951.21 | 0.065 | CR | x | 934
LaAntioqui2 | 849,020.73 | 1,039,121.85 | 2,951.63 | 0.148 | CR | x | 935

|  | Page 8 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaAntioqui2 | 849,017.39 | 1,039,125.43 | 2,951.86 | 5.47 | CR | x | 936
LaAntioqui2 | 849,014.73 | 1,039,129.43 | 2,951.42 | 0.171 | CR | x | 937
LaAntioqui2 | 849,011.43 | 1,039,131.40 | 2,951.69 | 1.045 | CR | x | 938
LaAntioqui2 | 849,007.28 | 1,039,133.96 | 2,952.73 | 0.936 | CR | x | 939
LaAntioqui2 | 849,002.66 | 1,039,134.62 | 2,951.91 | 0.606 | CR | x | 940
LaAntioqui2 | 849,001.97 | 1,039,106.30 | 2,954.55 | 0.876 | MO | p | 1021
LaAntioqui2 | 849,001.34 | 1,039,127.19 | 2,953.76 | 0.708 | MO | p | 1024
LaAntioqui2 | 849,000.67 | 1,039,102.85 | 2,956.62 | 1.46 | CR | p | 1019
LaAntioqui2 | 849,000.31 | 1,039,116.72 | 2,954.96 | 0.374 | CR | p | 1023
LaAntioqui2 | 848,997.01 | 1,039,134.45 | 2,952.02 | 0.027 | CR | x | 941
LaAntioqui2 | 848,991.19 | 1,039,133.71 | 2,952.59 | 0.139 | CR | x | 943
LaAntioqui2 | 848,982.71 | 1,039,132.53 | 2,952.64 | 0.038 | CR | x | 944
LaAntioqui2 | 848,978.42 | 1,039,132.16 | 2,952.65 | 0.163 | MO | x | 945
LaAntioqui2 | 848,974.31 | 1,039,131.78 | 2,952.77 | 0.019 | CR | x | 946
LaAntioqui2 | 848,969.38 | 1,039,131.29 | 2,952.97 | 0.054 | MO | x | 947
LaAntioqui2 | 848,967.31 | 1,039,132.47 | 2,954.37 | 0.115 | CR | p | 950
LaAntioqui2 | 848,966.80 | 1,039,131.37 | 2,953.27 | 0.026 | CR | x | 948
LaAntioqui2 | 848,966.05 | 1,039,132.31 | 2,954.62 | 0.088 | MO | p | 949
LaAntioqui3 | 849,411.47 | 1,039,135.53 | 2,947.38 | 2.533 | JR | P | 464
LaAntioqui3 | 849,217.06 | 1,039,120.28 | 2,948.22 | 1.901 | JR | P | 472
LaAntioqui3 | 849,215.86 | 1,039,122.52 | 2,948.01 | 0.678 | JR | P | 471
LaAntioqui3 | 849,215.02 | 1,039,123.42 | 2,948.03 | 0.777 | JR | P | 473
LaAntioqui3 | 849,214.62 | 1,039,124.90 | 2,947.51 | 0.22 | JR | X | 470
LaAntioqui3 | 849,214.25 | 1,039,124.72 | 2,947.65 | 0.096 | JR | X | 476
LaAntioqui3 | 849,213.73 | 1,039,130.73 | 2,948.56 | 0.86 | JR | X | 467
LaAntioqui3 | 849,213.60 | 1,039,131.91 | 2,947.98 | 2.601 | JR | P | 466
LaAntioqui3 | 849,213.57 | 1,039,129.54 | 2,947.47 | 0.443 | JR | X | 468
LaAntioqui3 | 849,213.12 | 1,039,128.33 | 2,947.49 | 0.157 | JR | X | 469
LaAntioqui3 | 849,212.88 | 1,039,122.14 | 2,947.66 | 0.143 | JR | X | 477
LaAntioqui3 | 849,212.30 | 1,039,253.44 | 2,942.56 | 0.145 | JR | X | 409
LaAntioqui3 | 849,212.05 | 1,039,133.32 | 2,947.94 | -9 | JR | P | 465
LaAntioqui3 | 849,210.93 | 1,039,119.71 | 2,947.82 | 0.076 | JR | X | 478
LaAntioqui3 | 849,210.74 | 1,039,137.79 | 2,947.43 | 2.065 | JR | P | 463
LaAntioqui3 | 849,209.87 | 1,039,251.14 | 2,942.28 | 8.2 | JR | P | 443
LaAntioqui3 | 849,209.10 | 1,039,160.59 | 2,947.04 | -9 | JR | P | 475
LaAntioqui3 | 849,208.02 | 1,039,162.88 | 2,946.64 | 1.695 | JR | P | 462
LaAntioqui3 | 849,207.79 | 1,039,252.76 | 2,942.92 | 0.038 | JR | X | 410
LaAntioqui3 | 849,207.12 | 1,039,113.56 | 2,947.91 | -9 | JR | X | 480
LaAntioqui3 | 849,207.06 | 1,039,165.83 | 2,946.61 | 0.979 | JR | P | 461
LaAntioqui3 | 849,207.03 | 1,039,115.73 | 2,947.82 | 0.02 | JR | X | 479
LaAntioqui3 | 849,206.15 | 1,039,168.16 | 2,946.64 | 0.43 | JR | P | 460
LaAntioqui3 | 849,205.63 | 1,039,171.34 | 2,946.52 | 0.801 | JR | P | 459
LaAntioqui3 | 849,204.84 | 1,039,110.02 | 2,948.19 | 0.05 | JR | X | 481
LaAntioqui3 | 849,204.74 | 1,039,173.96 | 2,946.59 | 2.108 | JR | P | 458
LaAntioqui3 | 849,203.82 | 1,039,175.79 | 2,946.60 | 10.04 | JR | P | 457
LaAntioqui3 | 849,203.59 | 1,039,252.98 | 2,942.76 | 0.114 | JR | X | 411
LaAntioqui3 | 849,202.75 | 1,039,176.87 | 2,946.80 | 2.628 | JR | P | 456
LaAntioqui3 | 849,202.61 | 1,039,178.34 | 2,948.88 | 3.709 | JR | P | 455
LaAntioqui3 | 849,202.23 | 1,039,178.84 | 2,946.29 | 23.5 | JR | P | 474
LaAntioqui3 | 849,202.17 | 1,039,107.04 | 2,948.33 | 0.029 | JR | X | 483
LaAntioqui3 | 849,201.42 | 1,039,183.07 | 2,946.39 | 3.222 | JR | P | 454
LaAntioqui3 | 849,201.35 | 1,039,107.42 | 2,948.74 | 0.41 | JR | X | 482
LaAntioqui3 | 849,201.01 | 1,039,184.81 | 2,946.24 | 0.158 | JR | P | 453
LaAntioqui3 | 849,199.41 | 1,039,255.48 | 2,942.83 | 0.11 | JR | X | 412

|  | Page 9 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaAntioqui3 | 849,199.19 | 1,039,104.47 | 2,948.00 | 0.05 | JR | X | 484
LaAntioqui3 | 849,198.79 | 1,039,187.23 | 2,946.39 | 0.071 | JR | P | 452
LaAntioqui3 | 849,198.26 | 1,039,192.39 | 2,944.87 | 3.13 | JR | P | 445
LaAntioqui3 | 849,197.53 | 1,039,191.13 | 2,946.31 | 0.531 | JR | P | 451
LaAntioqui3 | 849,196.20 | 1,039,197.86 | 2,945.61 | 0.81 | JR | P | 450
LaAntioqui3 | 849,195.26 | 1,039,102.82 | 2,948.13 | 0.85 | JR | X | 485
LaAntioqui3 | 849,194.64 | 1,039,199.76 | 2,945.77 | 1.707 | JR | P | 449
LaAntioqui3 | 849,194.52 | 1,039,257.71 | 2,942.96 | 0.041 | JR | X | 413
LaAntioqui3 | 849,194.02 | 1,039,202.33 | 2,946.10 | 2.602 | JR | P | 448
LaAntioqui3 | 849,193.97 | 1,039,208.44 | 2,945.75 | 0.77 | JR | P | 439
LaAntioqui3 | 849,193.41 | 1,039,204.41 | 2,946.12 | 0.634 | JR | P | 447
LaAntioqui3 | 849,193.38 | 1,039,208.92 | 2,945.69 | 7.98 | JR | P | 446
LaAntioqui3 | 849,193.24 | 1,039,210.33 | 2,946.02 | 7.47 | JR | P | 438
LaAntioqui3 | 849,193.01 | 1,039,205.86 | 2,946.10 | 0.861 | JR | P | 440
LaAntioqui3 | 849,192.71 | 1,039,212.79 | 2,945.47 | 7.32 | JR | P | 437
LaAntioqui3 | 849,191.67 | 1,039,214.63 | 2,945.48 | 7.85 | JR | P | 436
LaAntioqui3 | 849,191.41 | 1,039,216.50 | 2,945.37 | 1.362 | JR | P | 435
LaAntioqui3 | 849,191.08 | 1,039,218.46 | 2,945.27 | 4.15 | JR | P | 434
LaAntioqui3 | 849,190.53 | 1,039,221.60 | 2,947.20 | 8.43 | JR | P | 432
LaAntioqui3 | 849,190.12 | 1,039,220.63 | 2,945.98 | 1.894 | JR | P | 433
LaAntioqui3 | 849,189.89 | 1,039,222.58 | 2,947.56 | 5.75 | JR | P | 431
LaAntioqui3 | 849,188.89 | 1,039,224.20 | 2,945.67 | 1.85 | JR | P | 430
LaAntioqui3 | 849,188.40 | 1,039,228.28 | 2,945.09 | 0.762 | JR | P | 428
LaAntioqui3 | 849,187.92 | 1,039,229.24 | 2,946.38 | 0.716 | JR | P | 427
LaAntioqui3 | 849,187.87 | 1,039,226.26 | 2,945.24 | 1.105 | JR | P | 429
LaAntioqui3 | 849,187.30 | 1,039,259.93 | 2,942.00 | 0.05 | JR | X | 414
LaAntioqui3 | 849,186.42 | 1,039,232.89 | 2,945.21 | 0.465 | JR | P | 426
LaAntioqui3 | 849,185.40 | 1,039,257.07 | 2,943.35 | -9 | JR | X | 415
LaAntioqui3 | 849,183.72 | 1,039,258.31 | 2,942.84 | -9 | JR | P | 442
LaAntioqui3 | 849,182.92 | 1,039,258.28 | 2,943.02 | 9.23 | JR | P | 441
LaAntioqui3 | 849,182.20 | 1,039,245.08 | 2,943.90 | 6.71 | JR | P | 425
LaAntioqui3 | 849,181.62 | 1,039,254.94 | 2,943.75 | 0.104 | JR | X | 416
LaAntioqui3 | 849,180.36 | 1,039,246.25 | 2,944.36 | 1.679 | JR | P | 424
LaAntioqui3 | 849,179.43 | 1,039,248.24 | 2,943.98 | 0.962 | JR | P | 423
LaAntioqui3 | 849,178.00 | 1,039,250.26 | 2,944.48 | 2.697 | JR | P | 422
LaAntioqui3 | 849,176.67 | 1,039,254.42 | 2,946.64 | 0.054 | JR | P | 421
LaAntioqui3 | 849,176.25 | 1,039,255.22 | 2,946.20 | 0.07 | JR | P | 420
LaAntioqui3 | 849,174.77 | 1,039,256.18 | 2,944.66 | 1.564 | JR | P | 419
LaAntioqui3 | 849,174.60 | 1,039,256.14 | 2,944.44 | 11.68 | JR | P | 444
LaAntioqui3 | 849,172.93 | 1,039,258.87 | 2,944.79 | 1.541 | JR | P | 418
LaAntioqui3 | 849,172.05 | 1,039,258.77 | 2,943.04 | 0.929 | JR | P | 417
LaCarroña | 849,191.18 | 1,039,100.70 | 2,948.17 | 0.296 | JR | X | 486
LaCarroña | 849,188.48 | 1,039,097.50 | 2,948.26 | 0.059 | JR | X | 487
LaCarroña | 849,187.38 | 1,039,093.69 | 2,948.57 | 0.022 | JR | X | 488
LaCarroña | 849,186.97 | 1,039,091.07 | 2,948.75 | 0.067 | JR | X | 489
LaCarroña | 849,185.98 | 1,039,085.55 | 2,948.90 | 0.05 | JR | X | 490
LaCarroña | 849,183.45 | 1,039,082.21 | 2,949.15 | 0.046 | JR | X | 491
LaCarroña | 849,180.95 | 1,039,079.39 | 2,949.00 | 0.232 | JR | X | 492
LaCarroña | 849,178.40 | 1,039,075.45 | 2,949.21 | 0.042 | JR | X | 493
LaCarroña | 849,175.51 | 1,039,072.45 | 2,949.29 | 0.22 | JR | X | 494
LaCarroña | 849,172.33 | 1,039,069.46 | 2,949.25 | 0.028 | JR | X | 495
LaCarroña | 849,169.26 | 1,039,066.62 | 2,949.42 | 0.029 | JR | X | 496
LaCarroña | 849,165.85 | 1,039,063.71 | 2,949.66 | 0.308 | JR | X | 497
LaCarroña | 849,151.80 | 1,039,055.44 | 2,950.05 | 1.05 | JR | X | 498

|  | Page 10 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaCarroña | 849,149.26 | 1,039,052.83 | 2,951.14 | 0.178 | JR | X | 499
LaCarroña2 | 849,209.14 | 1,039,117.27 | 2,948.11 | 0.14 | JR | X | 647
LaCarroña2 | 849,178.54 | 1,039,030.57 | 2,949.95 | 1.32 | JR | P | 665
LaCarroña2 | 849,178.33 | 1,039,014.46 | 2,954.60 | 0.234 | JR | P | 670
LaCarroña2 | 849,177.87 | 1,039,020.73 | 2,954.61 | 0.126 | JR | X | 668
LaCarroña2 | 849,177.68 | 1,039,017.91 | 2,954.91 | 11.17 | JR | P | 677
LaCarroña2 | 849,177.47 | 1,039,016.71 | 2,954.61 | 0.165 | JR | P | 669
LaCarroña2 | 849,177.41 | 1,039,014.25 | 2,953.01 | 1.074 | JR | P | 672
LaCarroña2 | 849,176.89 | 1,039,012.79 | 2,953.43 | 0.728 | JR | P | 671
LaCarroña2 | 849,176.19 | 1,039,015.02 | 2,953.06 | 0.12 | JR | X | 673
LaCarroña2 | 849,176.06 | 1,039,019.66 | 2,948.53 | 2.322 | JR | P | 664
LaCarroña2 | 849,175.72 | 1,039,023.78 | 2,956.46 | 1.121 | JR | P | 667
LaCarroña2 | 849,175.42 | 1,039,024.02 | 2,955.05 | 0.838 | JR | P | 666
LaCarroña2 | 849,172.35 | 1,039,016.52 | 2,954.07 | 0.23 | JR | X | 674
LaCarroña2 | 849,167.94 | 1,039,018.46 | 2,952.53 | 7.29 | JR | P | 675
LaCarroña2 | 849,157.85 | 1,039,030.12 | 2,950.24 | 0.651 | JR | X | 663
LaCarroña2 | 849,155.70 | 1,039,031.44 | 2,951.11 | 0.067 | JR | X | 662
LaCarroña2 | 849,152.90 | 1,039,054.51 | 2,950.84 | 0.115 | JR | X | 648
LaCarroña2 | 849,151.15 | 1,039,034.86 | 2,949.98 | 0.118 | JR | X | 661
LaCarroña2 | 849,149.89 | 1,039,052.01 | 2,951.10 | 0.563 | JR | X | 649
LaCarroña2 | 849,147.48 | 1,039,037.81 | 2,949.79 | 0.02 | JR | X | 660
LaCarroña2 | 849,146.73 | 1,039,048.73 | 2,950.81 | 0.22 | JR | X | 650
LaCarroña2 | 849,144.85 | 1,039,045.26 | 2,950.76 | 0.038 | JR | X | 651
LaCarroña2 | 849,144.46 | 1,039,040.39 | 2,949.94 | 0.034 | JR | X | 659
LaCarroña2 | 849,143.29 | 1,039,040.87 | 2,950.86 | 0.05 | JR | P | 652
LaCarroña2 | 849,141.54 | 1,039,036.29 | 2,950.81 | 1.757 | JR | P | 653
LaCarroña2 | 849,141.22 | 1,039,037.34 | 2,950.90 | 34.32 | JR | P | 676
LaCarroña2 | 849,140.17 | 1,039,036.49 | 2,951.17 | 0.144 | JR | X | 654
LaCarroña2 | 849,138.43 | 1,039,033.86 | 2,951.09 | 1.29 | JR | P | 655
LaCarroña2 | 849,135.58 | 1,039,032.69 | 2,950.78 | 0.089 | JR | X | 656
LaCarroña2 | 849,132.21 | 1,039,032.51 | 2,951.39 | 0.29 | JR | X | 657
LaCarroña2 | 849,130.71 | 1,039,032.76 | 2,951.17 | -9 | JR | X | 658
LaCarroña2 | 849,124.44 | 1,038,973.26 | 2,952.49 | 0.341 | JR | X | 686
LaCarroña2 | 849,078.05 | 1,038,954.03 | 2,952.66 | 2.636 | JR | P | 678
LaCarroña2 | 849,074.31 | 1,038,947.60 | 2,953.73 | 3.19 | JR | P | 679
LaCarroña2 | 849,072.59 | 1,038,943.06 | 2,953.89 | 1.78 | JR | P | 680
LaCarroña2 | 849,065.22 | 1,038,931.61 | 2,953.63 | 0.746 | JR | P | 681
LaCarroña2 | 849,063.83 | 1,038,927.39 | 2,953.78 | 11.83 | JR | P | 682
LaCarroña2 | 849,063.24 | 1,038,923.50 | 2,954.01 | 0.112 | JR | X | 683
LaCarroña2 | 849,060.85 | 1,038,920.08 | 2,955.24 | 1.05 | JR | P | 684
LaCarroña2 | 849,060.50 | 1,038,916.52 | 2,954.48 | 1.283 | JR | P | 687
LaCarroña2 | 849,059.94 | 1,038,918.31 | 2,954.35 | 15.87 | JR | P | 685
LaGuagua | 849,387.75 | 1,039,051.75 | 2,984.91 | 0.076 | LC | X | 570
LaGuagua | 849,387.13 | 1,039,061.09 | 2,991.45 | 0.208 | LC | X | 576
LaGuagua | 849,386.89 | 1,039,057.41 | 2,988.79 | 28.5 | LC | P | 575
LaGuagua | 849,386.45 | 1,039,056.07 | 2,985.47 | 0.281 | LC | P | 571
LaGuagua | 849,386.44 | 1,039,042.47 | 2,984.87 | 0.074 | LC | X | 569
LaGuagua | 849,386.19 | 1,039,063.09 | 2,991.63 | 0.595 | LC | P | 577
LaGuagua | 849,385.70 | 1,039,060.19 | 2,985.67 | 0.255 | LC | X | 572
LaGuagua | 849,385.50 | 1,039,039.01 | 2,984.73 | 0.173 | LC | X | 568
LaGuagua | 849,385.07 | 1,039,064.37 | 2,987.13 | 0.34 | LC | P | 573
LaGuagua | 849,383.91 | 1,039,064.60 | 2,986.86 | 0.228 | LC | P | 574
LaGuagua | 849,383.45 | 1,039,034.92 | 2,984.43 | 0.107 | LC | X | 567
LaGuagua | 849,379.81 | 1,039,033.70 | 2,985.33 | 0.096 | LC | X | 566

|  | Page 11 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaLibra | 849,282.46 | 1,038,990.73 | 2,970.28 | 0.613 | AM | P | 223
LaLibra | 849,281.61 | 1,038,988.72 | 2,969.59 | 0.195 | AM | X | 221
LaLibra | 849,280.84 | 1,038,991.66 | 2,970.29 | 5.34 | AM | P | 222
LaLibra | 849,280.80 | 1,038,991.69 | 2,970.28 | 0.154 | AM | X | 220
LaLibra | 849,279.57 | 1,039,000.26 | 2,978.37 | 0.914 | LC | P | 231
LaLibra | 849,279.25 | 1,038,997.35 | 2,975.28 | 1.46 | LC | P | 229
LaLibra | 849,279.24 | 1,038,991.75 | 2,977.10 | 0.507 | LC | P | 228
LaLibra | 849,279.22 | 1,038,994.38 | 2,970.59 | 1.122 | AM | P | 217
LaLibra | 849,279.15 | 1,038,994.80 | 2,974.13 | 1.564 | LC | P | 226
LaLibra | 849,279.11 | 1,038,993.24 | 2,975.64 | 1.758 | LC | P | 227
LaLibra | 849,278.52 | 1,038,997.31 | 2,972.70 | 1.935 | AM | P | 225
LaLibra | 849,278.51 | 1,038,999.07 | 2,976.51 | 1.026 | LC | P | 230
LaLibra | 849,278.47 | 1,038,997.00 | 2,970.25 | 1.236 | AM | P | 216
LaLibra | 849,278.11 | 1,038,999.21 | 2,969.59 | 1.145 | AM | P | 215
LaLibra | 849,277.95 | 1,038,999.43 | 2,970.57 | 1.846 | AM | P | 224
LaLibra | 849,277.47 | 1,038,996.27 | 2,969.22 | 0.11 | AM | X | 218
LaLibra | 849,277.16 | 1,038,999.73 | 2,970.02 | 0.61 | AM | X | 219
LaLibra | 849,276.54 | 1,039,008.09 | 2,972.40 | 1.748 | LC | P | 234
LaLibra | 849,276.44 | 1,039,000.76 | 2,970.33 | 0.466 | AM | X | 214
LaLibra | 849,276.02 | 1,039,000.64 | 2,968.94 | 0.178 | AM | X | 212
LaLibra | 849,275.73 | 1,039,001.27 | 2,969.90 | 0.873 | AM | P | 213
LaLibra | 849,275.65 | 1,039,006.32 | 2,971.44 | 2.049 | LC | P | 233
LaLibra | 849,275.10 | 1,039,012.28 | 2,973.51 | 4.624 | LC | P | 237
LaLibra | 849,274.54 | 1,039,010.41 | 2,972.35 | 6.35 | LC | P | 238
LaLibra | 849,274.51 | 1,039,003.19 | 2,970.00 | 0.354 | AM | P | 211
LaLibra | 849,271.86 | 1,039,004.94 | 2,969.98 | 0.077 | AM | P | 210
LaLibra | 849,271.55 | 1,039,005.24 | 2,969.78 | 0.089 | AM | X | 209
LaLibra | 849,271.20 | 1,039,005.12 | 2,968.47 | 0.078 | AM | P | 208
LaLibra | 849,271.20 | 1,039,007.21 | 2,969.79 | 0.103 | LC | P | 235
LaLibra | 849,270.55 | 1,039,007.55 | 2,969.75 | 0.191 | LC | P | 236
LaLibra | 849,270.17 | 1,039,011.72 | 2,969.44 | 0.058 | AM | X | 206
LaLibra | 849,270.09 | 1,039,010.79 | 2,969.55 | 0.81 | AM | P | 207
LaLibra | 849,268.73 | 1,039,016.16 | 2,968.99 | 0.027 | AM | X | 205
LaLibra | 849,265.77 | 1,039,019.28 | 2,968.52 | 0.029 | AM | X | 204
LaLibra | 849,265.37 | 1,039,002.52 | 2,951.07 | 0.773 | AM | P | 285
LaLibra | 849,265.07 | 1,039,025.18 | 2,968.31 | 0.294 | AM | X | 203
LaLibra | 849,264.58 | 1,039,022.46 | 2,963.21 | 5.8 | AM | P | 295
LaLibra | 849,264.44 | 1,039,028.94 | 2,968.61 | 0.038 | AM | X | 202
LaLibra | 849,264.15 | 1,039,019.51 | 2,959.43 | 0.163 | AM | P | 291
LaLibra | 849,263.99 | 1,039,019.72 | 2,958.17 | 1.646 | AM | P | 289
LaLibra | 849,263.96 | 1,039,007.48 | 2,953.40 | 2.409 | AM | P | 287
LaLibra | 849,263.93 | 1,039,021.58 | 2,954.25 | 2.53 | AM | P | 290
LaLibra | 849,263.93 | 1,039,020.17 | 2,962.88 | 0.045 | AM | X | 293
LaLibra | 849,263.91 | 1,039,005.28 | 2,952.29 | 1.482 | AM | P | 286
LaLibra | 849,263.44 | 1,039,021.43 | 2,959.50 | 2.03 | AM | P | 294
LaLibra | 849,263.40 | 1,039,020.04 | 2,955.88 | 10.09 | AM | P | 288
LaLibra | 849,263.02 | 1,039,020.45 | 2,960.66 | 0.041 | AM | X | 292
LaLibra | 849,262.43 | 1,039,013.82 | 2,944.79 | 0.817 | AM | P | 283
LaLibra | 849,262.41 | 1,039,027.94 | 2,966.91 | 0.463 | AM | X | 201
LaLibra | 849,262.30 | 1,039,014.68 | 2,944.12 | 0.044 | AM | X | 284
LaLibra | 849,260.62 | 1,039,030.49 | 2,946.93 | 1.435 | AM | P | 278
LaLibra | 849,260.04 | 1,039,021.08 | 2,944.61 | 2.122 | AM | P | 282
LaLibra | 849,259.29 | 1,039,025.48 | 2,945.37 | 0.505 | AM | P | 280
LaLibra | 849,259.26 | 1,039,030.14 | 2,944.11 | 0.385 | AM | X | 277

|  | Page 12 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaLibra | 849,258.96 | 1,039,028.71 | 2,945.20 | 1.37 | AM | P | 279
LaLibra | 849,258.76 | 1,039,022.90 | 2,944.86 | 1.024 | AM | P | 281
LaLibra | 849,258.30 | 1,039,029.06 | 2,967.77 | 0.062 | AM | X | 200
LaLibra | 849,257.38 | 1,039,035.79 | 2,945.60 | 0.041 | AM | X | 276
LaLibra | 849,248.12 | 1,039,065.72 | 2,960.08 | 0.054 | AM | P | 271
LaLibra | 849,248.09 | 1,039,065.93 | 2,959.85 | 2.426 | AM | P | 270
LaLibra | 849,247.72 | 1,039,040.31 | 2,945.00 | 0.048 | AM | X | 275
LaLibra | 849,247.47 | 1,039,041.19 | 2,945.18 | 0.496 | AM | X | 264
LaLibra | 849,247.27 | 1,039,035.76 | 2,946.70 | 0.07 | AM | P | 274
LaLibra | 849,246.89 | 1,039,039.88 | 2,946.88 | 0.49 | AM | X | 265
LaLibra | 849,245.97 | 1,039,037.65 | 2,944.84 | 0.118 | AM | X | 266
LaLibra | 849,245.74 | 1,039,030.06 | 2,942.42 | 0.102 | AM | X | 268
LaLibra | 849,245.46 | 1,039,030.25 | 2,940.19 | 0.566 | AM | X | 267
LaLibra | 849,244.73 | 1,039,024.23 | 2,943.63 | 0.029 | AM | X | 269
LaLibra | 849,244.53 | 1,039,042.90 | 2,945.45 | 0.056 | AM | X | 263
LaLibra | 849,244.26 | 1,039,019.36 | 2,943.93 | 23.89 | AM | P | 272
LaLibra | 849,243.95 | 1,039,018.64 | 2,945.36 | 1.857 | AM | P | 273
LaLibra | 849,243.89 | 1,039,067.22 | 2,954.88 | 2.505 | AM | P | 262
LaLibra | 849,242.11 | 1,039,068.98 | 2,953.96 | 1.026 | AM | P | 261
LaLibra | 849,240.74 | 1,039,091.64 | 2,940.44 | 0.072 | JR | X | 240
LaLibra | 849,240.18 | 1,039,087.18 | 2,941.58 | 0.151 | JR | X | 241
LaLibra | 849,239.63 | 1,039,051.45 | 2,942.92 | 0.064 | AM | X | 257
LaLibra | 849,239.63 | 1,039,082.43 | 2,941.85 | 0.545 | JR | X | 242
LaLibra | 849,239.53 | 1,039,070.81 | 2,952.89 | 0.256 | AM | P | 260
LaLibra | 849,239.41 | 1,039,074.00 | 2,946.12 | 4.112 | AM | P | 258
LaLibra | 849,238.90 | 1,039,073.03 | 2,951.50 | 0.649 | AM | P | 259
LaLibra | 849,238.89 | 1,039,077.79 | 2,942.23 | 0.41 | AM | X | 248
LaLibra | 849,238.18 | 1,039,058.34 | 2,943.01 | 0.07 | AM | X | 256
LaLibra | 849,238.14 | 1,039,093.50 | 2,940.14 | 0.362 | JR | X | 239
LaLibra | 849,237.86 | 1,039,057.77 | 2,944.56 | 0.581 | AM | P | 254
LaLibra | 849,237.71 | 1,039,072.69 | 2,942.40 | 0.114 | AM | X | 249
LaLibra | 849,237.52 | 1,039,061.22 | 2,942.95 | 0.059 | AM | X | 255
LaLibra | 849,237.48 | 1,039,067.97 | 2,942.38 | 0.039 | AM | X | 250
LaLibra | 849,237.42 | 1,039,070.36 | 2,943.60 | 0.472 | AM | P | 251
LaLibra | 849,237.07 | 1,039,066.98 | 2,943.69 | 1.835 | AM | P | 252
LaLibra | 849,236.99 | 1,039,103.90 | 2,945.12 | 11.06 | JR | P | 246
LaLibra | 849,236.88 | 1,039,063.64 | 2,944.08 | 0.579 | AM | P | 253
LaLibra | 849,236.41 | 1,039,101.64 | 2,936.69 | 0.07 | JR | X | 247
LaLibra | 849,235.12 | 1,039,107.59 | 2,944.43 | 21.04 | JR | P | 244
LaLibra | 849,234.08 | 1,039,111.65 | 2,945.42 | 0.493 | JR | X | 245
LaLibra | 849,231.23 | 1,039,009.91 | 2,971.00 | 6.71 | LC | P | 232
LaOlvidada | 849,100.06 | 1,039,222.83 | 2,967.94 | 5.43 | LC | p | 2001
LaOlvidada2 | 849,152.06 | 1,039,220.09 | 2,965.53 | 0.055 | MO | x | 881
LaOlvidada2 | 849,151.81 | 1,039,219.40 | 2,965.36 | 3.107 | LC | p | 920
LaOlvidada2 | 849,146.58 | 1,039,221.95 | 2,964.59 | 0.038 | CR | x | 882
LaOlvidada2 | 849,142.34 | 1,039,222.52 | 2,964.59 | 0.049 | MO | x | 883
LaOlvidada2 | 849,138.01 | 1,039,222.98 | 2,964.70 | 0.028 | MO | x | 884
LaOlvidada2 | 849,133.28 | 1,039,222.98 | 2,965.09 | 0.055 | CR | x | 885
LaOlvidada2 | 849,129.04 | 1,039,223.31 | 2,965.58 | 0.083 | MO | x | 886
LaOlvidada2 | 849,128.88 | 1,039,219.70 | 2,965.79 | 0.195 | LC | p | 919
LaOlvidada2 | 849,128.77 | 1,039,223.31 | 2,966.21 | 0.335 | MO | p | 917
LaOlvidada2 | 849,128.47 | 1,039,221.82 | 2,966.09 | 0.061 | MO | p | 918
LaOlvidada2 | 849,124.14 | 1,039,223.67 | 2,965.38 | 0.059 | CR | x | 887
LaOlvidada2 | 849,120.40 | 1,039,222.92 | 2,965.77 | 0.159 | MO | x | 889

|  | Page 13 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaOlvidada2 | 849,120.36 | 1,039,226.40 | 2,968.25 | 1.104 | MO | p | 913
LaOlvidada2 | 849,120.21 | 1,039,221.98 | 2,966.25 | 0.945 | LC | p | 915
LaOlvidada2 | 849,120.12 | 1,039,226.87 | 2,968.92 | 0.073 | MO | p | 914
LaOlvidada2 | 849,119.95 | 1,039,221.17 | 2,965.52 | 1.334 | LC | p | 916
LaOlvidada2 | 849,116.96 | 1,039,224.42 | 2,966.15 | 0.061 | CR | x | 890
LaOlvidada2 | 849,112.40 | 1,039,224.56 | 2,966.00 | 0.074 | MO | x | 891
LaOlvidada2 | 849,108.67 | 1,039,222.61 | 2,968.80 | 0.221 | MO | p | 912
LaOlvidada2 | 849,108.22 | 1,039,225.34 | 2,967.63 | 0.064 | CR | x | 892
LaOlvidada2 | 849,107.00 | 1,039,228.19 | 2,970.33 | 2.587 | LC | p | 910
LaOlvidada2 | 849,106.77 | 1,039,228.40 | 2,969.02 | 0.364 | LC | p | 909
LaOlvidada2 | 849,106.76 | 1,039,230.21 | 2,970.57 | 0.276 | LC | p | 908
LaOlvidada2 | 849,100.71 | 1,039,224.41 | 2,966.86 | 0.053 | MO | x | 893
LaOlvidada2 | 849,099.76 | 1,039,218.42 | 2,970.82 | 2.776 | MO | p | 904
LaOlvidada2 | 849,099.28 | 1,039,217.66 | 2,970.62 | 1.531 | MO | p | 905
LaOlvidada2 | 849,098.04 | 1,039,220.19 | 2,970.67 | 0.465 | MO | p | 903
LaOlvidada2 | 849,097.64 | 1,039,224.53 | 2,967.12 | 0.617 | MO | x | 894
LaOlvidada2 | 849,096.56 | 1,039,227.64 | 2,968.20 | 0.697 | MO | P | 906
LaOlvidada2 | 849,091.48 | 1,039,224.28 | 2,966.83 | 0.11 | MO | x | 895
LaOlvidada2 | 849,086.77 | 1,039,223.92 | 2,966.49 | 0.09 | MO | x | 896
LaOlvidada2 | 849,082.87 | 1,039,223.47 | 2,967.09 | 0.067 | MO | x | 897
LaOlvidada2 | 849,082.55 | 1,039,221.35 | 2,967.51 | 0.015 | MO | p | 901
LaOlvidada2 | 849,081.54 | 1,039,220.32 | 2,966.52 | 0.782 | MO | P | 907
LaOlvidada2 | 849,077.44 | 1,039,222.56 | 2,967.89 | 0.699 | MO | x | 898
LaOlvidada2 | 849,073.55 | 1,039,222.65 | 2,967.72 | 0.034 | MO | x | 899
LaOlvidada2 | 849,072.90 | 1,039,222.64 | 2,967.63 | 1.341 | MO | x | 900
LaOriental | 849,506.62 | 1,039,183.72 | 2,970.90 | 3.842 | CR | x | 1089
LaOriental | 849,504.12 | 1,039,184.42 | 2,972.94 | 29.76 | CR | x | 1088
LaOriental | 849,503.45 | 1,039,177.29 | 2,972.67 | 8.8 | CR | x | 1084
LaOriental | 849,500.86 | 1,039,181.07 | 2,974.29 | 0.423 | 0 | x | 1086
LaOriental | 849,500.61 | 1,039,181.43 | 2,973.94 | 0.794 | CR | x | 1087
LaOriental | 849,500.30 | 1,039,178.04 | 2,973.83 | 2.812 | CR | x | 1085
LaOriental | 849,483.43 | 1,039,155.68 | 2,959.70 | 2.084 | MO | p | 1166
LaOriental | 849,481.27 | 1,039,159.97 | 2,959.84 | 1.796 | CR | p | 1162
LaOriental | 849,481.20 | 1,039,157.07 | 2,959.79 | 0.768 | MO | p | 1163
LaOriental | 849,480.14 | 1,039,163.42 | 2,959.53 | 1.45 | MO | p | 1161
LaOriental | 849,479.19 | 1,039,166.11 | 2,959.46 | 0.844 | CR | p | 1158
LaOriental | 849,477.33 | 1,039,168.42 | 2,959.40 | 0.301 | MO | p | 1157
LaOriental | 849,477.17 | 1,039,171.31 | 2,959.42 | 0.896 | CR | p | 1156
LaOriental | 849,476.01 | 1,039,174.37 | 2,959.34 | 1.007 | MO | p | 1155
LaOriental | 849,473.44 | 1,039,176.82 | 2,959.13 | 0.665 | CR | p | 1154
LaOriental | 849,471.88 | 1,039,179.32 | 2,959.21 | 0.13 | MO | p | 1153
LaOriental | 849,470.83 | 1,039,181.83 | 2,959.05 | 0.384 | CR | p | 1152
LaOriental | 849,469.16 | 1,039,184.53 | 2,959.10 | 11.85 | MO | p | 1151
LaOriental | 849,467.87 | 1,039,186.84 | 2,959.14 | 2.346 | MO | p | 1150
LaOriental | 849,464.86 | 1,039,191.49 | 2,959.26 | 0.955 | CR | p | 1148
LaOriental | 849,463.64 | 1,039,192.94 | 2,959.19 | 0.508 | CR | p | 1147
LaOriental | 849,461.98 | 1,039,200.98 | 2,958.33 | 3.011 | CR | p | 1145
LaOriental | 849,461.90 | 1,039,198.11 | 2,958.62 | 0.715 | CR | p | 1146
LaOriental | 849,460.38 | 1,039,205.13 | 2,958.04 | 2.765 | MO | p | 1144
LaOriental | 849,459.96 | 1,039,216.58 | 2,956.46 | 0.522 | MO | p | 1142
LaOriental | 849,458.55 | 1,039,208.45 | 2,957.89 | 3.068 | CR | p | 1143
LaOriental | 849,457.97 | 1,039,224.04 | 2,956.03 | 0.077 | CR | p | 1141
LaOriental | 849,456.60 | 1,039,228.32 | 2,957.20 | 0.125 | MO | p | 1139
LaOriental | 849,456.28 | 1,039,228.18 | 2,955.89 | 0.122 | MO | p | 1140

|  | Page 14 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaOriental | 849,452.54 | 1,039,236.20 | 2,955.53 | 1.224 | CR | p | 1138
LaOriental | 849,450.08 | 1,039,240.00 | 2,955.23 | 0.599 | CR | p | 1137
LaOriental | 849,448.44 | 1,039,246.33 | 2,956.99 | 5.35 | MO | p | 1133
LaOriental | 849,447.98 | 1,039,244.17 | 2,955.32 | 0.406 | MO | p | 1134
LaOriental | 849,446.68 | 1,039,249.86 | 2,956.49 | 2.595 | CR | p | 1132
LaOriental | 849,443.44 | 1,039,259.24 | 2,955.50 | 2.086 | CR | p | 1131
LaOriental | 849,441.66 | 1,039,264.48 | 2,955.17 | 0.121 | CR | p | 1129
LaOriental | 849,441.54 | 1,039,264.29 | 2,955.43 | 0.685 | MO | p | 1130
LaOriental | 849,440.46 | 1,039,271.19 | 2,955.21 | 1.448 | CR | p | 1128
LaOriental | 849,439.78 | 1,039,272.63 | 2,955.32 | 1.577 | CR | p | 1127
LaOriental | 849,439.26 | 1,039,276.13 | 2,954.90 | 1.734 | CR | p | 1126
LaOriental | 849,438.43 | 1,039,278.38 | 2,955.34 | 0.285 | CR | p | 1125
LaOriental | 849,437.62 | 1,039,280.78 | 2,954.71 | 0.069 | CR | p | 1124
LaOriental | 849,437.45 | 1,039,282.95 | 2,955.03 | 0.799 | CR | p | 1123
LaOriental | 849,436.23 | 1,039,287.19 | 2,953.49 | 0.29 | CR | p | 1122
LaOriental | 849,435.91 | 1,039,291.45 | 2,953.11 | 1.118 | CR | p | 1121
LaOriental | 849,435.77 | 1,039,295.84 | 2,952.93 | 2.825 | CR | p | 1120
LaOriental | 849,435.49 | 1,039,297.94 | 2,952.85 | 0.152 | CR | p | 1119
LaOriental | 849,433.81 | 1,039,304.31 | 2,952.55 | 0.032 | CR | p | 1118
LaOriental | 849,431.31 | 1,039,307.51 | 2,952.56 | 0.17 | CR | p | 1117
LaOriental | 849,429.04 | 1,039,308.26 | 2,952.49 | 0.253 | CR | x | 1116
LaOriental | 849,425.02 | 1,039,308.82 | 2,951.95 | 0.26 | CR | x | 1114
LaOriental | 849,420.28 | 1,039,309.26 | 2,952.08 | 0.11 | CR | x | 1113
LaOriental | 849,416.28 | 1,039,309.89 | 2,952.00 | 0.04 | CR | x | 1112
LaOriental | 849,411.53 | 1,039,310.22 | 2,951.87 | 0.045 | CR | x | 1111
LaOriental | 849,407.66 | 1,039,310.10 | 2,951.73 | 0.036 | CR | x | 1110
LaOriental | 849,405.34 | 1,039,310.81 | 2,951.65 | 0.082 | CR | x | 1109
LaOriental | 849,403.52 | 1,039,310.78 | 2,953.04 | 0.102 | CR | x | 1108
LaOriental | 849,399.68 | 1,039,310.19 | 2,952.68 | 0.114 | MO | x | 1107
LaOriental | 849,395.36 | 1,039,309.68 | 2,952.46 | 0.52 | MO | x | 1106
LaOriental | 849,387.36 | 1,039,307.70 | 2,952.37 | 0.024 | MO | x | 1105
LaOriental | 849,384.73 | 1,039,307.10 | 2,952.41 | 0.033 | MO | x | 1104
LaOriental | 849,379.44 | 1,039,305.93 | 2,952.24 | 0.032 | MO | x | 1103
LaOriental | 849,375.86 | 1,039,305.91 | 2,951.98 | 0.021 | MO | x | 1101
LaOriental | 849,368.37 | 1,039,304.85 | 2,951.88 | 0.047 | MO | x | 1100
LaOriental | 849,364.02 | 1,039,303.78 | 2,951.09 | 0.046 | MO | x | 1099
LaOriental | 849,359.71 | 1,039,303.14 | 2,951.63 | 0.236 | MO | x | 1098
LaOriental | 849,351.50 | 1,039,301.30 | 2,951.53 | 0.047 | MO | x | 1097
LaOriental | 849,340.40 | 1,039,301.16 | 2,951.32 | 0.043 | MO | x | 1096
LaOriental | 849,336.29 | 1,039,299.99 | 2,951.46 | 0.02 | MO | x | 1095
LaOriental | 849,332.00 | 1,039,299.77 | 2,951.25 | 0.019 | MO | x | 1093
LaOriental | 849,327.63 | 1,039,298.94 | 2,951.21 | 0.047 | MO | x | 1092
LaOriental | 849,323.22 | 1,039,297.67 | 2,951.30 | 0.04 | MO | x | 1091
LaOriental | 849,319.05 | 1,039,297.21 | 2,951.20 | 0.044 | MO | x | 1090
LaOriental | 849,314.89 | 1,039,296.09 | 2,951.11 | 0.083 | MO | x | 1078
LaOriental | 849,310.60 | 1,039,295.23 | 2,951.18 | 0.03 | MO | x | 1077
LaOriental | 849,303.20 | 1,039,294.78 | 2,950.86 | 0.127 | MO | x | 1076
LaOriental | 849,301.39 | 1,039,294.37 | 2,951.08 | 0.087 | MO | x | 1075
LaOriental | 849,297.49 | 1,039,293.62 | 2,950.88 | 0.035 | MO | x | 1074
LaOriental | 849,292.65 | 1,039,292.78 | 2,950.82 | 0.045 | MO | x | 1073
LaOriental | 849,288.19 | 1,039,291.72 | 2,950.83 | 0.167 | MO | x | 1072
LaOriental | 849,284.68 | 1,039,291.58 | 2,950.66 | 0.13 | MO | x | 1070
LaOriental | 849,280.71 | 1,039,290.92 | 2,950.63 | 0.038 | MO | x | 1069
LaOriental | 849,276.44 | 1,039,290.44 | 2,950.50 | 0.065 | MO | x | 1068

|  | Page 15 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaOriental | 849,271.16 | 1,039,289.89 | 2,950.23 | 0.368 | MO | x | 1067
LaOriental | 849,267.98 | 1,039,289.43 | 2,950.16 | 0.079 | MO | x | 1066
LaOriental | 849,264.17 | 1,039,288.69 | 2,949.97 | 0.042 | MO | x | 1065
LaOriental | 849,260.29 | 1,039,287.78 | 2,949.79 | 0.049 | MO | x | 1064
LaOriental | 849,256.14 | 1,039,287.15 | 2,949.78 | 0.023 | MO | x | 1063
LaOriental | 849,252.17 | 1,039,286.34 | 2,949.68 | 0.016 | CR | x | 1061
LaOriental | 849,248.24 | 1,039,285.61 | 2,949.43 | 0.041 | MO | x | 1060
LaOriental | 849,243.69 | 1,039,284.77 | 2,949.55 | 0.031 | CR | x | 1059
LaOriental | 849,236.38 | 1,039,283.38 | 2,949.13 | 0.142 | MO | x | 1058
LaOriental2 | 849,519.18 | 1,039,207.17 | 2,963.89 | 1.272 | CR | x | 1330
LaOriental2 | 849,517.71 | 1,039,213.72 | 2,970.48 | 0.249 | CR | p | 1397
LaOriental2 | 849,517.08 | 1,039,213.78 | 2,967.74 | 1.405 | CR | p | 1396
LaOriental2 | 849,516.94 | 1,039,191.39 | 2,967.09 | 0.646 | CR | p | 1332
LaOriental2 | 849,516.81 | 1,039,197.64 | 2,965.65 | 1.017 | CR | p | 1391
LaOriental2 | 849,516.80 | 1,039,193.65 | 2,966.98 | 0.522 | CR | p | 1331
LaOriental2 | 849,514.06 | 1,039,199.79 | 2,965.77 | 0.398 | CR | p | 1400
LaOriental2 | 849,513.98 | 1,039,214.35 | 2,967.02 | 1.741 | CR | p | 1398
LaOriental2 | 849,513.30 | 1,039,184.30 | 2,968.13 | 0.966 | CR | p | 1334
LaOriental2 | 849,512.96 | 1,039,181.74 | 2,968.75 | 2.33 | CR | p | 1335
LaOriental2 | 849,512.77 | 1,039,214.76 | 2,965.32 | 2.01 | CR | x | 1399
LaOriental2 | 849,511.69 | 1,039,223.02 | 2,966.17 | 0.117 | CR | p | 1394
LaOriental2 | 849,511.55 | 1,039,178.69 | 2,967.87 | 0.494 | CR | p | 1338
LaOriental2 | 849,510.64 | 1,039,225.19 | 2,966.42 | 0.512 | CR | p | 1393
LaOriental2 | 849,509.24 | 1,039,180.29 | 2,970.40 | 0.723 | CR | p | 1339
LaOriental2 | 849,509.05 | 1,039,210.12 | 2,968.71 | 0.515 | CR | x | 1327
LaOriental2 | 849,508.17 | 1,039,208.96 | 2,969.26 | 0.643 | CR | x | 1329
LaOriental2 | 849,507.82 | 1,039,176.76 | 2,969.31 | 2.784 | CR | p | 1341
LaOriental2 | 849,507.72 | 1,039,176.91 | 2,970.44 | 0.446 | CR | p | 1340
LaOriental2 | 849,505.91 | 1,039,219.36 | 2,959.29 | 1.418 | MO | p | 1326
LaOriental2 | 849,505.62 | 1,039,224.40 | 2,961.94 | 1.576 | MO | p | 1402
LaOriental2 | 849,505.05 | 1,039,223.08 | 2,959.26 | 4.557 | MO | p | 1325
LaOriental2 | 849,501.46 | 1,039,229.65 | 2,958.91 | 7.79 | MO | p | 1324
LaOriental2 | 849,499.79 | 1,039,196.23 | 2,985.17 | 0.208 | CR | p | 1388
LaOriental2 | 849,498.99 | 1,039,198.01 | 2,985.76 | 0.749 | CR | p | 1386
LaOriental2 | 849,498.66 | 1,039,202.84 | 2,985.56 | 0.832 | CR | p | 1389
LaOriental2 | 849,498.64 | 1,039,202.86 | 2,985.56 | 1.757 | CR | p | 1387
LaOriental2 | 849,498.11 | 1,039,236.49 | 2,958.09 | 1.462 | MO | p | 1322
LaOriental2 | 849,497.53 | 1,039,247.18 | 2,962.93 | 0.352 | CR | p | 1404
LaOriental2 | 849,497.43 | 1,039,242.91 | 2,962.18 | 1.79 | CR | p | 1405
LaOriental2 | 849,496.29 | 1,039,249.41 | 2,962.47 | 0.369 | CR | p | 1403
LaOriental2 | 849,496.10 | 1,039,237.84 | 2,956.75 | 0.152 | MO | p | 1321
LaOriental2 | 849,493.13 | 1,039,237.08 | 2,958.19 | 0.289 | MO | p | 1342
LaOriental2 | 849,492.36 | 1,039,234.92 | 2,959.91 | 0.47 | MO | p | 1343
LaOriental2 | 849,491.72 | 1,039,239.10 | 2,956.69 | 1.255 | MO | p | 1320
LaOriental2 | 849,489.76 | 1,039,240.06 | 2,956.65 | 0.138 | MO | p | 1319
LaOriental2 | 849,483.88 | 1,039,241.83 | 2,956.18 | 0.523 | MO | p | 1318
LaOriental2 | 849,479.73 | 1,039,242.37 | 2,955.95 | 0.152 | MO | p | 1317
LaOriental2 | 849,475.63 | 1,039,242.49 | 2,955.79 | 0.297 | MO | p | 1316
LaOriental2 | 849,471.49 | 1,039,243.09 | 2,956.09 | 3.961 | MO | p | 1315
LaOriental2 | 849,470.88 | 1,039,198.00 | 2,968.22 | 1.497 | CR | p | 1365
LaOriental2 | 849,470.84 | 1,039,198.25 | 2,968.53 | 0.54 | CR | p | 1364
LaOriental2 | 849,470.35 | 1,039,205.32 | 2,967.12 | 0.909 | CR | p | 1367
LaOriental2 | 849,467.61 | 1,039,243.95 | 2,955.69 | 0.267 | MO | p | 1314
LaOriental2 | 849,467.21 | 1,039,188.30 | 2,961.83 | 15.82 | MO | p | 1360

|  | Page 16 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaOriental2 | 849,466.89 | 1,039,200.67 | 2,965.27 | 0.549 | CR | x | 1368
LaOriental2 | 849,466.06 | 1,039,192.27 | 2,964.62 | 0.139 | CR | p | 1357
LaOriental2 | 849,466.02 | 1,039,192.18 | 2,962.27 | 25.28 | CR | p | 1358
LaOriental2 | 849,465.02 | 1,039,191.43 | 2,959.44 | 1.486 | CR | p | 1359
LaOriental2 | 849,463.42 | 1,039,244.23 | 2,955.61 | 0.196 | MO | p | 1313
LaOriental2 | 849,461.08 | 1,039,219.39 | 2,961.05 | 0.336 | CR | p | 1369
LaOriental2 | 849,460.97 | 1,039,221.75 | 2,960.65 | 19.82 | CR | p | 1370
LaOriental2 | 849,460.45 | 1,039,224.19 | 2,960.35 | 0.076 | CR | p | 1371
LaOriental2 | 849,459.93 | 1,039,225.48 | 2,960.22 | 0.375 | CR | p | 1372
LaOriental2 | 849,459.54 | 1,039,244.32 | 2,955.34 | 0.315 | MO | p | 1312
LaOriental2 | 849,458.91 | 1,039,228.00 | 2,959.90 | 0.096 | CR | p | 1373
LaOriental2 | 849,457.75 | 1,039,229.83 | 2,959.53 | 0.497 | CR | p | 1375
LaOriental2 | 849,456.86 | 1,039,231.51 | 2,959.13 | 6.29 | CR | p | 1376
LaOriental2 | 849,456.00 | 1,039,234.17 | 2,958.88 | 1.827 | CR | p | 1377
LaOriental2 | 849,455.61 | 1,039,218.59 | 2,959.96 | 5.08 | CR | p | 1362
LaOriental2 | 849,455.13 | 1,039,244.84 | 2,955.20 | 0.134 | MO | p | 1311
LaOriental2 | 849,453.86 | 1,039,224.18 | 2,956.77 | 0.171 | CR | p | 1361
LaOriental2 | 849,452.14 | 1,039,242.01 | 2,960.99 | 0.189 | CR | p | 1378
LaOriental2 | 849,451.40 | 1,039,244.18 | 2,961.08 | 1.435 | CR | p | 1380
LaOriental2 | 849,450.89 | 1,039,242.63 | 2,961.43 | 0.077 | CR | p | 1379
LaOriental2 | 849,450.81 | 1,039,245.44 | 2,955.14 | 0.149 | MO | p | 1310
LaOriental2 | 849,447.43 | 1,039,258.21 | 2,956.28 | 0.83 | MO | p | 1344
LaOriental2 | 849,446.49 | 1,039,255.62 | 2,956.60 | 0.359 | MO | p | 1345
LaOriental2 | 849,441.88 | 1,039,269.08 | 2,960.38 | 1.049 | CR | p | 1406
LaOriental2 | 849,441.20 | 1,039,269.55 | 2,958.43 | 1.069 | CR | p | 1407
LaOriental2 | 849,439.92 | 1,039,274.58 | 2,955.67 | 1.648 | CR | p | 1409
LaOriental2 | 849,438.26 | 1,039,286.20 | 2,957.53 | 0.143 | MO | p | 1412
LaOriental2 | 849,437.85 | 1,039,284.25 | 2,955.76 | 2.035 | CR | p | 1410
LaOriental2 | 849,437.54 | 1,039,286.65 | 2,956.41 | 0.159 | CR | p | 1411
LaOriental2 | 849,436.67 | 1,039,290.61 | 2,958.46 | 1.913 | CR | p | 1417
LaOriental2 | 849,436.48 | 1,039,298.45 | 2,957.36 | 2.865 | CR | p | 1414
LaOriental2 | 849,436.35 | 1,039,293.78 | 2,958.34 | 0.58 | MO | p | 1416
LaOriental2 | 849,435.86 | 1,039,300.73 | 2,957.18 | 0.542 | CR | p | 1413
LaOriental2 | 849,435.14 | 1,039,296.76 | 2,957.86 | 0.575 | CR | p | 1415
LaOriental2 | 849,408.78 | 1,039,276.98 | 2,953.28 | 0.16 | CR | x | 1418
LaOriental2 | 849,406.52 | 1,039,275.09 | 2,961.68 | 0.312 | CR | p | 1421
LaOriental2 | 849,405.56 | 1,039,266.00 | 2,954.73 | 1.727 | MO | p | 1346
LaOriental2 | 849,404.39 | 1,039,279.13 | 2,956.02 | 2.686 | CR | p | 1419
LaOriental2 | 849,404.37 | 1,039,268.10 | 2,954.55 | 0.721 | MO | p | 1348
LaOriental2 | 849,399.62 | 1,039,274.34 | 2,956.55 | 0.034 | CR | x | 1423
LaOriental2 | 849,397.22 | 1,039,271.80 | 2,959.10 | 0.019 | CR | x | 1422
LaOriental2 | 849,396.80 | 1,039,284.49 | 2,953.57 | 0.083 | MO | p | 1424
LaOriental2 | 849,395.66 | 1,039,287.46 | 2,954.11 | 0.061 | MO | p | 1425
LaOriental2 | 849,394.63 | 1,039,289.76 | 2,954.05 | 0.111 | MO | p | 1426
LaOriental2 | 849,394.35 | 1,039,293.67 | 2,953.40 | 0.125 | MO | p | 1427
LaOriental2 | 849,392.15 | 1,039,297.76 | 2,953.26 | 0.249 | MO | p | 1428
LaOriental2 | 849,390.81 | 1,039,301.38 | 2,953.17 | 0.054 | CR | p | 1430
LaOriental2 | 849,390.24 | 1,039,303.36 | 2,952.60 | 0.174 | CR | p | 1432
LaOriental2 | 849,382.31 | 1,039,299.51 | 2,952.59 | 0.023 | CR | p | 1433
LaOriental2 | 849,381.92 | 1,039,303.66 | 2,953.85 | 0.23 | MO | p | 1435
LaOriental2 | 849,380.82 | 1,039,302.53 | 2,952.58 | 0.041 | CR | p | 1434
LaOriental2 | 849,380.38 | 1,039,304.05 | 2,952.20 | 0.492 | MO | p | 1436
LaOriental2 | 849,380.36 | 1,039,308.27 | 2,952.32 | 0.044 | CR | p | 1438
LaOriental2 | 849,379.81 | 1,039,305.90 | 2,952.25 | 0.236 | MO | p | 1437

|  | Page 17 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaOriental2 | 849,373.40 | 1,039,313.08 | 2,953.60 | 1.451 | CR | p | 1443
LaOriental2 | 849,373.30 | 1,039,310.00 | 2,952.28 | 0.501 | MO | p | 1445
LaOriental2 | 849,373.18 | 1,039,316.17 | 2,953.04 | 0.239 | CR | p | 1444
LaOriental2 | 849,372.38 | 1,039,317.72 | 2,953.99 | 0.45 | CR | p | 1442
LaOriental2 | 849,372.31 | 1,039,327.37 | 2,953.23 | 0.312 | MO | p | 1439
LaOriental2 | 849,371.57 | 1,039,323.21 | 2,953.19 | 0.27 | MO | p | 1441
LaOriental2 | 849,352.77 | 1,039,300.20 | 2,952.18 | 1.839 | MO | p | 1450
LaOriental2 | 849,350.82 | 1,039,292.58 | 2,951.80 | 0.927 | CR | p | 1448
LaOriental2 | 849,350.60 | 1,039,289.16 | 2,952.04 | 1.114 | CR | p | 1447
LaOriental2 | 849,350.09 | 1,039,295.48 | 2,952.20 | 0.453 | MO | p | 1449
LaOriental2 | 849,349.75 | 1,039,285.92 | 2,952.25 | 1.263 | CR | p | 1446
LaOriental2 | 849,306.96 | 1,039,283.81 | 2,951.22 | 0.706 | CR | p | 1467
LaOriental2 | 849,306.77 | 1,039,281.25 | 2,951.30 | 0.621 | CR | p | 1466
LaOriental2 | 849,305.09 | 1,039,296.03 | 2,950.96 | 0.987 | CR | p | 1465
LaOriental2 | 849,304.76 | 1,039,307.43 | 2,953.50 | 2.841 | MO | p | 1460
LaOriental2 | 849,304.68 | 1,039,302.94 | 2,952.33 | 1.57 | MO | p | 1462
LaOriental2 | 849,304.66 | 1,039,305.10 | 2,952.77 | 0.206 | MO | p | 1461
LaOriental2 | 849,304.65 | 1,039,288.88 | 2,951.32 | 0.275 | MO | p | 1470
LaOriental2 | 849,304.54 | 1,039,291.99 | 2,951.28 | 0.138 | MO | p | 1471
LaOriental2 | 849,304.48 | 1,039,300.91 | 2,951.71 | 5.07 | MO | p | 1463
LaOriental2 | 849,304.05 | 1,039,317.90 | 2,953.78 | 0.544 | MO | p | 1454
LaOriental2 | 849,303.97 | 1,039,320.22 | 2,953.46 | 0.906 | MO | p | 1452
LaOriental2 | 849,303.54 | 1,039,311.59 | 2,951.16 | 1.598 | CR | p | 1457
LaOriental2 | 849,303.26 | 1,039,308.79 | 2,950.95 | 1.255 | CR | p | 1458
LaOriental2 | 849,303.26 | 1,039,298.84 | 2,951.18 | 1.455 | CR | p | 1464
LaOriental2 | 849,303.20 | 1,039,317.20 | 2,951.62 | 1.523 | MO | p | 1455
LaOriental2 | 849,303.13 | 1,039,314.00 | 2,950.90 | 0.726 | CR | p | 1456
LaOriental2 | 849,303.06 | 1,039,321.29 | 2,951.39 | 0.551 | CR | p | 1451
LaOriental2 | 849,294.23 | 1,039,290.74 | 2,950.22 | 0.061 | CR | p | 1472
LaOriental2 | 849,272.90 | 1,039,286.79 | 2,950.43 | 0.336 | CR | p | 1475
LaOriental2 | 849,272.26 | 1,039,290.17 | 2,950.21 | 0.578 | MO | p | 1474
LaOriental2 | 849,271.57 | 1,039,293.82 | 2,951.14 | 3.192 | MO | p | 1473
LaOriental2 | 849,241.40 | 1,039,278.76 | 2,949.31 | 2.22 | CR | p | 1478
LaOriental2 | 849,240.66 | 1,039,282.49 | 2,948.91 | 1.231 | MO | p | 1476
LaOriental3 | 849,513.07 | 1,039,219.94 | 2,966.69 | 36.03 | CR | p | 2009
LaOriental3 | 849,506.54 | 1,039,222.98 | 2,965.73 | 0.943 | MO | p | 2010
LaOriental3 | 849,500.66 | 1,039,194.30 | 2,981.92 | 21.1 | CR | p | 2007
LaOriental3 | 849,499.38 | 1,039,180.50 | 2,976.69 | 57.56 | CR | p | 2008
LaOriental3 | 849,492.65 | 1,039,240.76 | 2,958.55 | 0.386 | MO | p | 2003
LaOriental3 | 849,461.77 | 1,039,217.90 | 2,960.42 | 73.3 | CR | p | 2005
LaOriental3 | 849,457.00 | 1,039,212.27 | 2,958.87 | 21.98 | MO | p | 2006
LaOriental3 | 849,456.79 | 1,039,215.48 | 2,959.79 | 21.36 | CR | p | 2004
LaOriental3 | 849,437.23 | 1,039,289.79 | 2,957.05 | 22.44 | MO | p | 2012
LaOriental3 | 849,384.86 | 1,039,328.37 | 2,953.31 | 23.17 | MO | p | 2013
LaPava1 | 849,341.40 | 1,039,070.39 | 2,969.94 | 2.33 | JR | P | 644
LaPava1 | 849,339.11 | 1,039,066.83 | 2,970.60 | 2.51 | JR | P | 643
LaPava1 | 849,338.99 | 1,039,068.36 | 2,969.86 | 0.446 | LC | X | 579
LaPava2 | 849,344.77 | 1,039,067.12 | 2,970.10 | 34.4 | LC | P | 578
LaPava3 | 849,347.28 | 1,039,069.80 | 2,970.07 | 3.16 | JR | P | 645
LaQuebrada | 849,209.36 | 1,039,114.87 | 2,953.21 | 0.02 | JR | X | 405
LaQuebrada | 849,199.35 | 1,039,106.13 | 2,955.16 | 0.1 | JR | X | 406
LaQuebrada | 849,195.52 | 1,039,102.75 | 2,953.86 | 10.93 | JR | P | 407
LaQuebrada | 849,179.28 | 1,039,073.79 | 2,955.73 | 0.044 | JR | X | 408
LaQuebrada2 | 849,233.88 | 1,039,135.48 | 2,954.12 | 0.072 | LC | X | 372

|  | Page 18 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaQuebrada2 | 849,230.89 | 1,039,133.11 | 2,954.16 | 0.188 | LC | X | 373
LaQuebrada2 | 849,230.58 | 1,039,131.56 | 2,954.22 | 0.02 | JR | X | 376
LaQuebrada2 | 849,227.24 | 1,039,043.89 | 2,954.00 | 0.02 | JR | X | 374
LaQuebrada2 | 849,223.15 | 1,039,126.36 | 2,954.41 | 0.84 | JR | X | 375
LaQuebrada2 | 849,216.74 | 1,039,121.38 | 2,954.45 | 0.037 | JR | X | 377
LaQuebrada2 | 849,213.97 | 1,039,117.92 | 2,954.25 | 0.061 | JR | X | 378
LaQuebrada2 | 849,211.01 | 1,039,115.42 | 2,954.60 | 0.049 | JR | X | 379
LaQuebrada2 | 849,207.59 | 1,039,112.59 | 2,954.55 | 0.037 | JR | X | 380
LaQuebrada2 | 849,204.15 | 1,039,109.80 | 2,954.47 | 0.041 | JR | X | 381
LaQuebrada2 | 849,200.28 | 1,039,107.19 | 2,954.33 | 0.06 | JR | X | 382
LaQuebrada2 | 849,197.94 | 1,039,104.82 | 2,954.76 | 0.344 | JR | X | 383
LaQuebrada2 | 849,195.03 | 1,039,101.87 | 2,954.69 | 0.153 | JR | X | 384
LaQuebrada2 | 849,191.21 | 1,039,099.28 | 2,954.73 | 0.042 | JR | X | 385
LaQuebrada2 | 849,188.37 | 1,039,096.95 | 2,954.73 | 0.211 | JR | X | 386
LaQuebrada2 | 849,185.57 | 1,039,093.45 | 2,955.12 | 0.02 | JR | X | 387
LaQuebrada2 | 849,184.59 | 1,039,089.00 | 2,955.27 | 0.223 | JR | X | 388
LaQuebrada2 | 849,184.31 | 1,039,085.01 | 2,955.41 | 0.131 | JR | X | 389
LaQuebrada2 | 849,182.39 | 1,039,081.10 | 2,955.83 | 0.065 | JR | X | 390
LaQuebrada2 | 849,181.09 | 1,039,077.52 | 2,955.72 | 0.236 | JR | X | 391
LaRamada | 849,931.53 | 1,039,079.00 | 2,968.00 | 0.046 | JR | X | 154
LaRamada | 849,737.67 | 1,039,087.04 | 2,969.93 | 0.058 | LC | X | 106
LaRamada | 849,409.43 | 1,039,092.92 | 2,970.54 | 0.095 | JR | X | 164
LaRamada | 849,407.44 | 1,039,092.01 | 2,969.14 | 0.06 | JR | X | 163
LaRamada | 849,401.82 | 1,039,091.34 | 2,968.57 | 0.119 | JR | X | 162
LaRamada | 849,400.69 | 1,039,084.73 | 2,968.83 | 0.831 | JR | P | 158
LaRamada | 849,400.40 | 1,039,091.02 | 2,970.47 | 3.59 | JR | P | 157
LaRamada | 849,400.34 | 1,039,096.31 | 2,970.19 | 1.075 | JR | P | 161
LaRamada | 849,400.24 | 1,039,091.65 | 2,970.29 | 1.103 | JR | P | 160
LaRamada | 849,400.12 | 1,039,087.97 | 2,970.34 | 2.73 | JR | P | 159
LaRamada | 849,395.16 | 1,039,090.76 | 2,968.47 | 0.064 | JR | X | 156
LaRamada | 849,393.43 | 1,039,090.61 | 2,968.51 | 0.174 | JR | X | 155
LaRamada | 849,390.74 | 1,039,085.73 | 2,968.63 | 0.143 | LC | P | 150
LaRamada | 849,388.47 | 1,039,092.56 | 2,972.75 | 0.882 | JR | P | 151
LaRamada | 849,388.33 | 1,039,092.88 | 2,971.78 | 0.232 | JR | P | 153
LaRamada | 849,388.20 | 1,039,089.75 | 2,969.51 | 0.047 | JR | P | 152
LaRamada | 849,387.20 | 1,039,088.61 | 2,968.82 | 0.451 | LC | X | 149
LaRamada | 849,384.99 | 1,039,091.18 | 2,969.76 | 1.239 | LC | P | 147
LaRamada | 849,384.30 | 1,039,095.01 | 2,968.59 | 0.055 | LC | P | 148
LaRamada | 849,384.00 | 1,039,068.09 | 2,981.21 | 0.705 | LC | P | 128
LaRamada | 849,383.40 | 1,039,093.94 | 2,976.51 | 1.302 | LC | P | 122
LaRamada | 849,383.21 | 1,039,094.11 | 2,976.27 | 18.8 | LC | P | 121
LaRamada | 849,382.99 | 1,039,077.98 | 2,969.37 | 0.422 | LC | X | 115
LaRamada | 849,382.75 | 1,039,082.66 | 2,969.79 | 0.37 | LC | X | 114
LaRamada | 849,382.73 | 1,039,073.05 | 2,970.52 | 3.465 | LC | P | 116
LaRamada | 849,382.71 | 1,039,059.29 | 2,977.33 | 2.54 | LC | P | 146
LaRamada | 849,382.60 | 1,039,079.85 | 2,975.94 | 12.32 | LC | P | 124
LaRamada | 849,382.60 | 1,039,062.04 | 2,975.13 | 0.936 | LC | P | 145
LaRamada | 849,382.50 | 1,039,068.41 | 2,970.59 | 0.723 | LC | X | 117
LaRamada | 849,382.45 | 1,039,087.86 | 2,968.34 | 0.099 | LC | X | 113
LaRamada | 849,382.26 | 1,039,070.84 | 2,973.33 | 0.519 | LC | P | 125
LaRamada | 849,382.18 | 1,039,069.71 | 2,977.70 | 0.236 | LC | P | 127
LaRamada | 849,382.06 | 1,039,065.04 | 2,973.06 | 0.674 | LC | P | 144
LaRamada | 849,382.04 | 1,039,067.83 | 2,971.15 | 0.224 | LC | P | 143
LaRamada | 849,381.64 | 1,039,062.31 | 2,969.49 | 2.105 | LC | P | 118

|  | Page 19 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaRamada | 849,381.60 | 1,039,072.03 | 2,977.40 | 1.455 | LC | P | 126
LaRamada | 849,381.44 | 1,039,057.03 | 2,970.16 | 3.74 | LC | P | 119
LaRamada | 849,381.08 | 1,039,098.47 | 2,970.31 | 0.716 | JR | X | 142
LaRamada | 849,380.80 | 1,039,051.21 | 2,970.39 | 3.323 | LC | P | 120
LaRamada | 849,380.35 | 1,039,110.67 | 2,970.29 | 0.059 | JR | X | 141
LaRamada | 849,379.94 | 1,039,085.35 | 2,976.56 | 0.267 | LC | P | 123
LaRamada | 849,379.78 | 1,039,091.76 | 2,969.41 | 0.063 | LC | P | 112
LaRamada | 849,378.85 | 1,039,114.69 | 2,970.97 | 0.124 | LC | X | 140
LaRamada | 849,378.66 | 1,039,133.58 | 2,975.74 | 8.04 | JR | P | 131
LaRamada | 849,378.12 | 1,039,134.49 | 2,975.50 | 1.319 | JR | P | 132
LaRamada | 849,377.91 | 1,039,088.01 | 2,968.22 | 0.158 | LC | X | 111
LaRamada | 849,377.89 | 1,039,125.45 | 2,971.13 | 0.089 | LC | P | 138
LaRamada | 849,377.87 | 1,039,145.05 | 2,971.49 | 0.344 | LC | P | 134
LaRamada | 849,377.86 | 1,039,135.73 | 2,971.15 | 0.285 | LC | P | 136
LaRamada | 849,377.81 | 1,039,130.25 | 2,970.83 | 0.039 | LC | X | 137
LaRamada | 849,377.54 | 1,039,120.25 | 2,970.88 | 0.043 | LC | X | 139
LaRamada | 849,377.39 | 1,039,142.03 | 2,971.57 | 2.212 | LC | P | 129
LaRamada | 849,377.31 | 1,039,137.76 | 2,969.35 | 5.5 | LC | P | 130
LaRamada | 849,377.00 | 1,039,145.74 | 2,971.55 | 0.619 | LC | P | 133
LaRamada | 849,376.92 | 1,039,139.56 | 2,971.81 | 0.409 | LC | X | 135
LaRamada | 849,374.08 | 1,039,086.92 | 2,968.38 | 0.091 | LC | X | 110
LaRamada | 849,372.55 | 1,039,090.87 | 2,970.10 | 0.273 | LC | P | 107
LaRamada | 849,372.47 | 1,039,094.14 | 2,969.75 | 0.205 | LC | P | 108
LaRamada | 849,371.26 | 1,039,097.24 | 2,968.25 | 0.741 | LC | P | 109
LaRamada | 849,369.17 | 1,039,086.32 | 2,968.20 | 0.064 | LC | X | 105
LaRamada | 849,364.71 | 1,039,083.33 | 2,967.72 | 0.067 | LC | X | 104
LaRamada | 849,362.21 | 1,039,076.40 | 2,973.53 | 0.223 | LC | P | 83
LaRamada | 849,361.36 | 1,039,074.04 | 2,968.00 | 0.205 | LC | P | 80
LaRamada | 849,361.00 | 1,039,084.26 | 2,967.52 | 0.054 | LC | X | 94
LaRamada | 849,360.83 | 1,039,080.11 | 2,968.05 | 0.226 | LC | P | 81
LaRamada | 849,360.38 | 1,039,077.77 | 2,970.00 | 0.172 | LC | P | 82
LaRamada | 849,360.35 | 1,039,086.52 | 2,981.57 | 0.886 | LC | P | 102
LaRamada | 849,360.15 | 1,039,083.67 | 2,969.23 | 0.23 | LC | P | 84
LaRamada | 849,359.98 | 1,039,090.04 | 2,978.72 | 0.087 | LC | P | 98
LaRamada | 849,359.94 | 1,039,083.15 | 2,969.32 | 0.082 | LC | X | 85
LaRamada | 849,359.83 | 1,039,089.09 | 2,979.61 | 5.61 | LC | P | 101
LaRamada | 849,358.96 | 1,039,091.40 | 2,979.95 | 10.29 | LC | P | 103
LaRamada | 849,358.11 | 1,039,091.21 | 2,977.80 | 1.414 | LC | P | 100
LaRamada | 849,357.16 | 1,039,083.31 | 2,967.48 | 0.082 | LC | X | 79
LaRamada | 849,356.80 | 1,039,093.73 | 2,975.92 | 0.55 | LC | P | 99
LaRamada | 849,356.31 | 1,039,095.29 | 2,976.23 | 4.606 | LC | P | 96
LaRamada | 849,356.27 | 1,039,091.85 | 2,968.84 | 0.761 | LC | P | 86
LaRamada | 849,356.02 | 1,039,095.19 | 2,969.36 | 0.628 | LC | P | 87
LaRamada | 849,355.95 | 1,039,080.03 | 2,974.66 | 0.127 | LC | X | 93
LaRamada | 849,355.67 | 1,039,096.34 | 2,969.38 | 0.149 | LC | X | 88
LaRamada | 849,355.28 | 1,039,082.34 | 2,972.22 | 1.945 | LC | P | 92
LaRamada | 849,355.19 | 1,039,095.45 | 2,968.98 | 0.043 | LC | X | 89
LaRamada | 849,355.10 | 1,039,098.66 | 2,975.18 | 1.543 | LC | P | 97
LaRamada | 849,354.97 | 1,039,099.02 | 2,976.15 | 1.746 | LC | P | 95
LaRamada | 849,354.33 | 1,039,091.42 | 2,970.01 | 0.218 | LC | P | 73
LaRamada | 849,354.32 | 1,039,091.97 | 2,970.27 | 0.627 | LC | P | 90
LaRamada | 849,354.19 | 1,039,072.00 | 2,972.59 | 0.232 | LC | P | 69
LaRamada | 849,354.13 | 1,039,073.36 | 2,970.69 | 0.109 | LC | P | 68
LaRamada | 849,353.73 | 1,039,095.81 | 2,970.04 | 0.639 | LC | P | 75

|  | Page 20 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaRamada | 849,353.65 | 1,039,079.82 | 2,970.53 | 1.839 | LC | P | 70
LaRamada | 849,353.64 | 1,039,082.94 | 2,968.26 | 0.142 | LC | X | 71
LaRamada | 849,353.32 | 1,039,084.33 | 2,969.70 | 4.279 | LC | P | 91
LaRamada | 849,353.31 | 1,039,076.71 | 2,967.32 | 0.484 | LC | X | 64
LaRamada | 849,353.09 | 1,039,091.47 | 2,968.58 | 0.057 | LC | X | 74
LaRamada | 849,353.05 | 1,039,072.25 | 2,969.54 | 1.437 | LC | P | 65
LaRamada | 849,352.97 | 1,039,083.01 | 2,967.32 | 0.055 | LC | X | 78
LaRamada | 849,352.78 | 1,039,099.54 | 2,969.68 | 0.471 | LC | P | 77
LaRamada | 849,352.60 | 1,039,080.05 | 2,967.17 | 1.325 | LC | X | 63
LaRamada | 849,352.41 | 1,039,069.76 | 2,969.40 | 0.245 | LC | P | 66
LaRamada | 849,352.18 | 1,039,097.73 | 2,969.86 | 0.951 | LC | P | 76
LaRamada | 849,352.16 | 1,039,087.59 | 2,966.98 | 1.236 | LC | P | 72
LaRamada | 849,351.98 | 1,039,082.96 | 2,968.78 | 0.19 | AM | P | 56
LaRamada | 849,350.79 | 1,039,066.64 | 2,967.55 | 0.507 | LC | P | 67
LaRamada | 849,350.60 | 1,039,081.92 | 2,968.73 | 0.389 | LC | P | 62
LaRamada | 849,350.27 | 1,039,086.49 | 2,970.38 | 0.277 | LC | P | 59
LaRamada | 849,349.82 | 1,039,085.65 | 2,968.98 | 0.112 | LC | X | 57
LaRamada | 849,349.39 | 1,039,088.90 | 2,969.31 | 0.799 | LC | P | 61
LaRamada | 849,348.78 | 1,039,085.92 | 2,967.67 | 3.181 | LC | P | 58
LaRamada | 849,348.32 | 1,039,081.91 | 2,967.23 | 0.069 | AM | X | 55
LaRamada | 849,347.68 | 1,039,091.78 | 2,969.22 | 0.079 | LC | P | 60
LaRamada | 849,343.59 | 1,039,081.24 | 2,967.36 | 0.056 | AM | X | 54
LaRamada | 849,341.18 | 1,039,073.08 | 2,968.30 | 1.144 | AM | P | 53
LaRamada | 849,341.06 | 1,039,074.80 | 2,968.84 | 0.21 | AM | P | 52
LaRamada | 849,340.06 | 1,039,080.73 | 2,968.58 | 0.24 | AM | P | 44
LaRamada | 849,339.49 | 1,039,077.59 | 2,968.42 | 0.159 | AM | P | 51
LaRamada | 849,339.09 | 1,039,080.85 | 2,968.56 | 0.651 | AM | P | 50
LaRamada | 849,339.08 | 1,039,080.16 | 2,968.62 | 0.084 | AM | X | 43
LaRamada | 849,338.19 | 1,039,083.45 | 2,968.68 | 14.96 | AM | P | 45
LaRamada | 849,337.96 | 1,039,089.46 | 2,968.47 | 0.131 | AM | P | 47
LaRamada | 849,337.57 | 1,039,085.96 | 2,968.68 | 11.14 | AM | P | 46
LaRamada | 849,337.47 | 1,039,091.80 | 2,968.40 | 0.475 | AM | P | 48
LaRamada | 849,336.54 | 1,039,093.33 | 2,968.52 | 0.127 | AM | P | 49
LaRamada | 849,336.43 | 1,039,057.72 | 2,972.43 | 0.062 | AM | P | 40
LaRamada | 849,335.61 | 1,039,059.41 | 2,970.60 | 0.045 | AM | X | 39
LaRamada | 849,334.92 | 1,039,079.68 | 2,966.67 | 0.277 | AM | X | 42
LaRamada | 849,334.72 | 1,039,061.83 | 2,969.06 | 0.074 | AM | P | 38
LaRamada | 849,333.45 | 1,039,061.47 | 2,968.34 | 0.677 | AM | P | 37
LaRamada | 849,332.94 | 1,039,062.09 | 2,968.07 | 0.605 | AM | P | 35
LaRamada | 849,332.52 | 1,039,062.23 | 2,966.64 | 0.111 | AM | P | 36
LaRamada | 849,332.48 | 1,039,066.74 | 2,968.11 | 1.746 | AM | P | 33
LaRamada | 849,332.40 | 1,039,064.14 | 2,967.76 | 0.511 | AM | P | 34
LaRamada | 849,331.76 | 1,039,070.18 | 2,967.74 | 0.336 | AM | P | 31
LaRamada | 849,331.62 | 1,039,068.34 | 2,968.34 | 0.286 | AM | P | 32
LaRamada | 849,330.72 | 1,039,073.18 | 2,968.40 | 0.271 | AM | P | 30
LaRamada | 849,330.03 | 1,039,079.01 | 2,966.62 | 0.057 | AM | X | 41
LaRamada | 849,328.00 | 1,039,078.24 | 2,968.09 | 0.34 | AM | P | 29
LaRamada | 849,327.85 | 1,039,078.28 | 2,968.44 | 0.106 | AM | P | 19
LaRamada | 849,327.25 | 1,039,081.17 | 2,968.18 | 0.612 | AM | P | 20
LaRamada | 849,325.60 | 1,039,088.67 | 2,967.59 | 1.422 | AM | P | 22
LaRamada | 849,325.58 | 1,039,078.00 | 2,966.65 | 0.028 | AM | X | 18
LaRamada | 849,325.34 | 1,039,090.15 | 2,965.95 | 0.908 | AM | X | 24
LaRamada | 849,325.29 | 1,039,084.93 | 2,968.29 | 1.387 | AM | P | 21
LaRamada | 849,324.45 | 1,039,090.71 | 2,967.48 | 1.246 | AM | P | 23

|  | Page 21 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LaRamada | 849,324.23 | 1,039,094.01 | 2,967.73 | 4.433 | AM | P | 25
LaRamada | 849,323.77 | 1,039,098.65 | 2,968.00 | 0.51 | AM | P | 26
LaRamada | 849,322.98 | 1,039,101.77 | 2,967.68 | 4.071 | AM | P | 27
LaRamada | 849,322.39 | 1,039,103.69 | 2,967.13 | 0.728 | AM | P | 28
LaRamada | 849,320.86 | 1,039,077.05 | 2,966.37 | 0.17 | AM | X | 17
LaRamada | 849,318.21 | 1,039,074.23 | 2,969.78 | 0.12 | AM | P | 15
LaRamada | 849,317.73 | 1,039,076.28 | 2,968.01 | 1.179 | AM | P | 14
LaRamada | 849,317.41 | 1,039,078.98 | 2,967.35 | 0.018 | AM | X | 10
LaRamada | 849,316.63 | 1,039,080.98 | 2,968.08 | 1.256 | AM | P | 11
LaRamada | 849,316.34 | 1,039,075.83 | 2,967.56 | 0.188 | AM | X | 9
LaRamada | 849,316.09 | 1,039,075.94 | 2,966.52 | 0.097 | AM | X | 16
LaRamada | 849,315.33 | 1,039,085.84 | 2,967.77 | 0.236 | AM | P | 13
LaRamada | 849,315.22 | 1,039,083.80 | 2,968.06 | 0.531 | AM | P | 12
LaRamada | 849,311.22 | 1,039,075.27 | 2,966.45 | 0.525 | AM | X | 8
LaRamada | 849,306.69 | 1,039,073.04 | 2,966.28 | 0.076 | AM | X | 7
LaRamada | 849,304.53 | 1,039,073.81 | 2,967.27 | 0.15 | AM | X | 5
LaRamada | 849,303.56 | 1,039,079.02 | 2,965.89 | 0.081 | AM | X | 6
LaRamada | 849,301.94 | 1,039,073.29 | 2,966.26 | 0.087 | AM | X | 4
LaRamada | 849,297.43 | 1,039,072.24 | 2,966.00 | 0.027 | AM | X | 3
LaRamada | 849,293.39 | 1,039,071.33 | 2,965.75 | 0.025 | AM | X | 2
LaRamada | 849,291.46 | 1,039,075.39 | 2,966.38 | 0.067 | AM | X | 1
LaRamada | 849,288.57 | 1,039,070.55 | 2,965.82 | 0.047 | AM | X | 0
LaRamada2 | 849,331.38 | 1,039,072.84 | 2,969.63 | 0.612 | LC | P | 606
LaRamada2 | 849,329.70 | 1,039,077.57 | 2,968.66 | 0.152 | LC | P | 608
LaRamada2 | 849,329.45 | 1,039,077.70 | 2,969.15 | 1.397 | LC | P | 607
LaRamada2 | 849,326.99 | 1,039,070.01 | 2,980.33 | 0.08 | LC | P | 604
LaRamada2 | 849,326.58 | 1,039,086.88 | 2,971.83 | 0.109 | LC | P | 611
LaRamada2 | 849,326.05 | 1,039,089.12 | 2,971.00 | 0.808 | LC | P | 609
LaRamada2 | 849,325.77 | 1,039,072.97 | 2,976.17 | 0.052 | LC | X | 603
LaRamada2 | 849,325.24 | 1,039,091.78 | 2,972.69 | 0.184 | LC | P | 610
LaRamada2 | 849,324.12 | 1,039,075.08 | 2,972.80 | 0.079 | LC | P | 602
LaRamada2 | 849,322.64 | 1,039,077.44 | 2,969.48 | 0.054 | LC | P | 601
LaRamada2 | 849,321.43 | 1,039,079.07 | 2,967.13 | 0.092 | LC | P | 600
LaRamada2 | 849,316.42 | 1,039,081.54 | 2,968.70 | 0.079 | LC | X | 605
LasMelliza | 849,146.06 | 1,039,327.78 | 2,938.68 | 0.039 | 0 | x | 1568
LasMelliza | 849,144.60 | 1,039,332.02 | 2,931.75 | 0.044 | 0 | x | 1571
LasMelliza | 849,144.19 | 1,039,333.29 | 2,928.50 | 0.082 | 0 | x | 1569
LasMelliza | 849,143.20 | 1,039,332.33 | 2,927.89 | 0.032 | 0 | x | 1570
LasMelliza | 849,142.91 | 1,039,329.45 | 2,933.17 | 0.15 | 0 | x | 1567
LasMelliza | 849,142.20 | 1,039,324.88 | 2,939.01 | 0.069 | 0 | x | 1572
LasMelliza | 849,141.18 | 1,039,331.17 | 2,925.70 | 0.156 | 0 | x | 1566
LasMelliza | 849,136.40 | 1,039,329.37 | 2,919.30 | 0.028 | 0 | x | 1564
LasMelliza | 849,132.44 | 1,039,330.57 | 2,916.41 | 0.064 | 0 | x | 1563
LasMelliza | 849,129.14 | 1,039,330.19 | 2,916.01 | 0.032 | 0 | x | 1562
LasMelliza | 849,126.67 | 1,039,329.44 | 2,916.26 | 0.041 | 0 | x | 1561
LasMelliza | 849,125.88 | 1,039,323.75 | 2,916.26 | 0.042 | CR | x | 1556
LasMelliza | 849,124.62 | 1,039,328.57 | 2,916.19 | 0.036 | CR | x | 1554
LasMelliza | 849,123.96 | 1,039,330.09 | 2,916.26 | 0.022 | 0 | x | 1560
LasMelliza | 849,123.41 | 1,039,319.21 | 2,916.12 | 0.092 | CR | x | 1557
LasMelliza | 849,122.60 | 1,039,329.80 | 2,916.14 | 0.03 | CR | x | 1553
LasMelliza | 849,121.34 | 1,039,330.78 | 2,916.12 | 0.04 | CR | x | 1552
LasMelliza | 849,121.33 | 1,039,331.49 | 2,916.12 | 0.077 | 0 | x | 1551
LasMelliza | 849,120.87 | 1,039,318.63 | 2,916.27 | 3.416 | CR | p | 1559
LasMelliza | 849,120.84 | 1,039,318.50 | 2,916.43 | 0.069 | 0 | x | 1558

|  | Page 22 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LasMelliza | 849,120.16 | 1,039,332.70 | 2,916.78 | 0.084 | 0 | x | 1550
LasMelliza | 849,119.81 | 1,039,331.35 | 2,916.20 | 0.105 | 0 | x | 1574
LasMelliza | 849,116.95 | 1,039,345.93 | 2,930.77 | 0.297 | 0 | p | 1735
LasMelliza | 849,116.05 | 1,039,329.38 | 2,916.81 | 0.219 | 0 | p | 1575
LasMelliza | 849,116.00 | 1,039,326.73 | 2,917.78 | 0.323 | 0 | p | 1576
LasMelliza | 849,115.99 | 1,039,351.10 | 2,930.75 | 0.08 | 0 | p | 1736
LasMelliza | 849,115.23 | 1,039,321.87 | 2,915.63 | 0.205 | 0 | p | 1578
LasMelliza | 849,114.96 | 1,039,323.66 | 2,916.58 | 0.524 | 0 | p | 1577
LasMelliza | 849,114.52 | 1,039,315.79 | 2,931.43 | 0.148 | 0 | p | 1730
LasMelliza | 849,113.62 | 1,039,332.40 | 2,931.09 | 0.041 | 0 | p | 1734
LasMelliza | 849,113.13 | 1,039,328.76 | 2,930.98 | 0.044 | 0 | p | 1733
LasMelliza | 849,113.02 | 1,039,320.71 | 2,931.13 | 0.192 | 0 | p | 1731
LasMelliza | 849,112.87 | 1,039,314.06 | 2,931.26 | 0.044 | 0 | p | 1729
LasMelliza | 849,112.27 | 1,039,298.57 | 2,932.41 | 1.113 | 0 | p | 1718
LasMelliza | 849,111.10 | 1,039,300.51 | 2,933.51 | 1.152 | 0 | p | 1719
LasMelliza | 849,110.76 | 1,039,300.60 | 2,931.77 | 0.064 | 0 | p | 1723
LasMelliza | 849,110.34 | 1,039,305.55 | 2,931.56 | 0.03 | 0 | p | 1726
LasMelliza | 849,110.19 | 1,039,330.33 | 2,916.43 | 0.045 | 0 | x | 1580
LasMelliza | 849,110.05 | 1,039,330.44 | 2,917.86 | 0.033 | 0 | x | 1581
LasMelliza | 849,109.78 | 1,039,296.69 | 2,931.59 | 1.577 | 0 | p | 1717
LasMelliza | 849,109.68 | 1,039,303.10 | 2,931.62 | 0.163 | 0 | p | 1725
LasMelliza | 849,109.64 | 1,039,312.04 | 2,931.15 | 0.072 | 0 | p | 1728
LasMelliza | 849,109.20 | 1,039,363.85 | 2,915.50 | 0.296 | 0 | p | 1548
LasMelliza | 849,109.00 | 1,039,307.25 | 2,931.48 | 0.087 | 0 | p | 1727
LasMelliza | 849,108.81 | 1,039,368.18 | 2,915.27 | 0.191 | 0 | p | 1547
LasMelliza | 849,108.50 | 1,039,363.15 | 2,916.92 | 1.437 | 0 | p | 1549
LasMelliza | 849,108.30 | 1,039,300.28 | 2,934.65 | 0.54 | 0 | x | 1721
LasMelliza | 849,108.21 | 1,039,382.39 | 2,915.27 | 0.67 | CR | p | 1542
LasMelliza | 849,108.18 | 1,039,371.08 | 2,915.33 | 0.437 | CR | p | 1546
LasMelliza | 849,108.09 | 1,039,293.94 | 2,931.69 | 0.214 | 0 | p | 1716
LasMelliza | 849,107.90 | 1,039,379.22 | 2,915.05 | 0.483 | CR | p | 1543
LasMelliza | 849,107.82 | 1,039,374.02 | 2,915.18 | 0.272 | CR | p | 1545
LasMelliza | 849,107.73 | 1,039,376.85 | 2,915.09 | 0.54 | CR | p | 1544
LasMelliza | 849,106.66 | 1,039,327.80 | 2,919.56 | 0.16 | 0 | p | 1584
LasMelliza | 849,106.45 | 1,039,299.36 | 2,936.65 | 2.046 | 0 | p | 1706
LasMelliza | 849,106.13 | 1,039,300.48 | 2,937.80 | 1.28 | 0 | x | 1722
LasMelliza | 849,105.66 | 1,039,329.12 | 2,917.32 | 0.224 | 0 | p | 1583
LasMelliza | 849,105.46 | 1,039,295.10 | 2,931.71 | 0.329 | 0 | p | 1715
LasMelliza | 849,104.82 | 1,039,328.14 | 2,917.83 | 0.532 | 0 | p | 1585
LasMelliza | 849,104.81 | 1,039,327.11 | 2,915.61 | 0.044 | 0 | x | 1586
LasMelliza | 849,104.14 | 1,039,331.90 | 2,916.45 | 0.132 | 0 | x | 1587
LasMelliza | 849,104.04 | 1,039,389.52 | 2,915.14 | 0.303 | 0 | p | 1541
LasMelliza | 849,103.81 | 1,039,278.92 | 2,925.09 | 1.475 | 0 | p | 1689
LasMelliza | 849,103.53 | 1,039,392.11 | 2,914.94 | 0.279 | 0 | p | 1540
LasMelliza | 849,103.00 | 1,039,283.52 | 2,924.39 | 0.175 | 0 | p | 1686
LasMelliza | 849,103.00 | 1,039,276.81 | 2,927.64 | 5.51 | 0 | p | 1690
LasMelliza | 849,102.73 | 1,039,279.51 | 2,920.98 | 2.97 | 0 | p | 1679
LasMelliza | 849,102.50 | 1,039,276.73 | 2,920.67 | 0.906 | 0 | p | 1680
LasMelliza | 849,102.48 | 1,039,280.59 | 2,922.61 | 1.032 | 0 | p | 1685
LasMelliza | 849,102.21 | 1,039,274.73 | 2,920.35 | 3.231 | 0 | p | 1681
LasMelliza | 849,102.02 | 1,039,272.24 | 2,921.24 | 7.28 | 0 | p | 1682
LasMelliza | 849,101.88 | 1,039,294.48 | 2,931.75 | 2.59 | 0 | p | 1714
LasMelliza | 849,101.82 | 1,039,284.87 | 2,925.96 | 0.062 | 0 | p | 1687
LasMelliza | 849,101.24 | 1,039,297.40 | 2,932.05 | 0.06 | 0 | p | 1737

|  | Page 23 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LasMelliza | 849,100.60 | 1,039,333.65 | 2,915.44 | 0.719 | 0 | x | 1588
LasMelliza | 849,100.59 | 1,039,266.40 | 2,921.48 | 2.728 | 0 | p | 1683
LasMelliza | 849,100.43 | 1,039,266.53 | 2,921.61 | 6.54 | 0 | p | 1694
LasMelliza | 849,100.15 | 1,039,302.37 | 2,931.93 | 0.294 | 0 | p | 1738
LasMelliza | 849,099.24 | 1,039,295.80 | 2,931.90 | 0.072 | 0 | p | 1713
LasMelliza | 849,098.32 | 1,039,281.72 | 2,920.79 | 0.143 | 0 | p | 1678
LasMelliza | 849,097.71 | 1,039,303.67 | 2,931.99 | 0.379 | 0 | p | 1739
LasMelliza | 849,097.28 | 1,039,398.89 | 2,914.82 | 0.121 | 0 | p | 1537
LasMelliza | 849,097.02 | 1,039,293.94 | 2,931.70 | 0.235 | 0 | p | 1712
LasMelliza | 849,095.64 | 1,039,283.35 | 2,920.51 | 0.052 | 0 | p | 1677
LasMelliza | 849,095.10 | 1,039,401.26 | 2,914.64 | 0.132 | 0 | p | 1536
LasMelliza | 849,094.97 | 1,039,306.81 | 2,931.95 | 0.381 | 0 | p | 1741
LasMelliza | 849,094.82 | 1,039,309.40 | 2,931.98 | 0.191 | 0 | p | 1742
LasMelliza | 849,094.73 | 1,039,304.01 | 2,931.99 | 0.398 | 0 | p | 1740
LasMelliza | 849,094.06 | 1,039,294.52 | 2,932.04 | 0.075 | 0 | p | 1711
LasMelliza | 849,094.02 | 1,039,332.75 | 2,916.33 | 0.188 | 0 | p | 1589
LasMelliza | 849,093.80 | 1,039,399.37 | 2,914.76 | 0.466 | CR | p | 1533
LasMelliza | 849,093.59 | 1,039,333.51 | 2,916.95 | 0.038 | 0 | x | 1590
LasMelliza | 849,093.29 | 1,039,402.45 | 2,914.75 | 0.184 | CR | p | 1532
LasMelliza | 849,093.18 | 1,039,397.71 | 2,914.01 | 0.216 | CR | p | 1535
LasMelliza | 849,092.14 | 1,039,276.74 | 2,929.43 | 0.056 | 0 | x | 1695
LasMelliza | 849,091.88 | 1,039,292.34 | 2,932.16 | 0.135 | 0 | p | 1710
LasMelliza | 849,091.79 | 1,039,284.10 | 2,920.65 | 0.026 | 0 | p | 1676
LasMelliza | 849,091.54 | 1,039,409.15 | 2,914.53 | 0.455 | CR | p | 1530
LasMelliza | 849,091.51 | 1,039,405.30 | 2,914.98 | 0.312 | CR | p | 1531
LasMelliza | 849,091.17 | 1,039,404.92 | 2,913.31 | 0.035 | 0 | p | 1539
LasMelliza | 849,090.34 | 1,039,279.21 | 2,926.58 | 0.201 | 0 | x | 1693
LasMelliza | 849,090.33 | 1,039,412.06 | 2,914.56 | 0.1 | CR | p | 1529
LasMelliza | 849,090.31 | 1,039,282.76 | 2,923.33 | 0.449 | 0 | p | 1691
LasMelliza | 849,090.18 | 1,039,280.91 | 2,924.30 | 0.187 | 0 | p | 1692
LasMelliza | 849,089.75 | 1,039,292.92 | 2,932.84 | 0.126 | 0 | p | 1708
LasMelliza | 849,089.59 | 1,039,275.12 | 2,929.21 | 0.12 | 0 | p | 1696
LasMelliza | 849,089.52 | 1,039,275.04 | 2,929.15 | 0.058 | 0 | p | 1697
LasMelliza | 849,089.13 | 1,039,334.66 | 2,916.86 | 0.027 | 0 | x | 1591
LasMelliza | 849,088.74 | 1,039,415.21 | 2,914.52 | 0.343 | 0 | p | 1528
LasMelliza | 849,088.37 | 1,039,285.86 | 2,920.76 | 0.158 | 0 | x | 1675
LasMelliza | 849,088.31 | 1,039,290.89 | 2,932.09 | 0.364 | 0 | p | 1707
LasMelliza | 849,087.86 | 1,039,274.33 | 2,931.96 | 0.468 | 0 | p | 1699
LasMelliza | 849,087.50 | 1,039,418.13 | 2,914.55 | 1.349 | 0 | p | 1527
LasMelliza | 849,086.55 | 1,039,420.54 | 2,914.53 | 0.518 | 0 | p | 1526
LasMelliza | 849,086.18 | 1,039,286.63 | 2,920.30 | 0.098 | 0 | p | 1674
LasMelliza | 849,085.93 | 1,039,277.02 | 2,931.93 | 0.777 | 0 | p | 1700
LasMelliza | 849,085.79 | 1,039,273.75 | 2,941.27 | 0.081 | 0 | p | 1660
LasMelliza | 849,085.78 | 1,039,273.54 | 2,944.82 | 0.137 | 0 | p | 1656
LasMelliza | 849,085.72 | 1,039,423.30 | 2,914.50 | 0.292 | 0 | p | 1524
LasMelliza | 849,085.45 | 1,039,291.40 | 2,932.33 | 0.139 | 0 | p | 1705
LasMelliza | 849,085.35 | 1,039,425.83 | 2,914.30 | 1.734 | 0 | p | 1523
LasMelliza | 849,084.83 | 1,039,286.93 | 2,920.51 | 0.03 | 0 | p | 1673
LasMelliza | 849,084.76 | 1,039,270.47 | 2,944.34 | 0.346 | 0 | p | 1655
LasMelliza | 849,084.75 | 1,039,428.99 | 2,914.27 | 0.4 | CR | p | 1522
LasMelliza | 849,084.73 | 1,039,284.93 | 2,931.69 | 0.566 | 0 | p | 1702
LasMelliza | 849,084.72 | 1,039,289.04 | 2,931.67 | 0.462 | 0 | p | 1704
LasMelliza | 849,084.70 | 1,039,334.84 | 2,915.59 | 0.055 | 0 | x | 1592
LasMelliza | 849,084.57 | 1,039,281.70 | 2,931.97 | 0.751 | 0 | p | 1701

|  | Page 24 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LasMelliza | 849,084.39 | 1,039,268.02 | 2,944.40 | 0.197 | 0 | p | 1653
LasMelliza | 849,084.36 | 1,039,268.69 | 2,945.55 | 0.308 | 0 | p | 1654
LasMelliza | 849,083.95 | 1,039,431.76 | 2,914.15 | 0.571 | CR | p | 1521
LasMelliza | 849,083.62 | 1,039,269.27 | 2,941.50 | 0.038 | 0 | p | 1652
LasMelliza | 849,083.28 | 1,039,434.04 | 2,914.17 | 0.98 | CR | p | 1520
LasMelliza | 849,083.25 | 1,039,437.18 | 2,914.04 | 0.218 | CR | p | 1519
LasMelliza | 849,083.22 | 1,039,286.97 | 2,932.06 | 0.515 | 0 | p | 1703
LasMelliza | 849,082.75 | 1,039,289.32 | 2,920.06 | 0.078 | 0 | p | 1672
LasMelliza | 849,082.09 | 1,039,269.94 | 2,939.24 | 0.065 | 0 | p | 1651
LasMelliza | 849,082.06 | 1,039,272.08 | 2,938.46 | 0.056 | 0 | p | 1659
LasMelliza | 849,081.86 | 1,039,333.59 | 2,917.53 | 1.71 | 0 | p | 1623
LasMelliza | 849,081.85 | 1,039,332.10 | 2,917.74 | 4.369 | 0 | p | 1625
LasMelliza | 849,081.79 | 1,039,440.25 | 2,913.99 | 0.093 | CR | p | 1518
LasMelliza | 849,081.04 | 1,039,289.18 | 2,920.46 | 0.04 | 0 | p | 1671
LasMelliza | 849,080.54 | 1,039,292.79 | 2,919.56 | 0.046 | 0 | p | 1670
LasMelliza | 849,080.49 | 1,039,331.02 | 2,917.28 | 0.164 | 0 | p | 1626
LasMelliza | 849,080.37 | 1,039,271.49 | 2,937.30 | 0.155 | 0 | p | 1650
LasMelliza | 849,080.35 | 1,039,441.53 | 2,913.99 | 0.076 | 0 | p | 1517
LasMelliza | 849,079.70 | 1,039,335.75 | 2,917.24 | 0.032 | 0 | x | 1593
LasMelliza | 849,079.60 | 1,039,443.41 | 2,913.85 | 0.374 | 0 | p | 1538
LasMelliza | 849,079.46 | 1,039,327.82 | 2,917.29 | 1.192 | 0 | p | 1627
LasMelliza | 849,079.01 | 1,039,304.34 | 2,925.46 | 0.067 | 0 | p | 1667
LasMelliza | 849,078.75 | 1,039,462.74 | 2,912.77 | 0.103 | MO | p | 1493
LasMelliza | 849,078.54 | 1,039,303.56 | 2,923.68 | 0.048 | 0 | p | 1666
LasMelliza | 849,078.40 | 1,039,453.38 | 2,913.70 | 0.534 | 0 | p | 1513
LasMelliza | 849,078.30 | 1,039,448.13 | 2,913.67 | 0.047 | 0 | p | 1515
LasMelliza | 849,077.99 | 1,039,262.49 | 2,939.22 | 0.054 | 0 | p | 1648
LasMelliza | 849,077.97 | 1,039,449.72 | 2,913.91 | 0.092 | 0 | p | 1514
LasMelliza | 849,077.72 | 1,039,456.66 | 2,913.50 | 0.215 | MO | p | 1495
LasMelliza | 849,077.64 | 1,039,294.48 | 2,919.38 | 0.037 | 0 | p | 1669
LasMelliza | 849,077.50 | 1,039,325.71 | 2,917.47 | 0.566 | 0 | p | 1628
LasMelliza | 849,077.37 | 1,039,263.87 | 2,937.28 | 0.046 | 0 | p | 1646
LasMelliza | 849,077.36 | 1,039,303.30 | 2,922.64 | 1.017 | 0 | p | 1640
LasMelliza | 849,077.35 | 1,039,460.19 | 2,913.10 | 0.227 | MO | p | 1494
LasMelliza | 849,077.23 | 1,039,301.38 | 2,920.05 | 0.883 | 0 | p | 1664
LasMelliza | 849,076.68 | 1,039,322.88 | 2,917.62 | 0.69 | 0 | p | 1629
LasMelliza | 849,076.04 | 1,039,298.69 | 2,919.43 | 0.047 | 0 | p | 1668
LasMelliza | 849,076.02 | 1,039,454.84 | 2,912.82 | 0.475 | CR | x | 1496
LasMelliza | 849,075.65 | 1,039,270.83 | 2,933.26 | 0.128 | 0 | p | 1649
LasMelliza | 849,075.55 | 1,039,266.75 | 2,934.94 | 0.049 | 0 | p | 1645
LasMelliza | 849,075.20 | 1,039,320.50 | 2,917.97 | 0.659 | 0 | p | 1630
LasMelliza | 849,074.33 | 1,039,270.69 | 2,932.23 | 0.427 | 0 | p | 1644
LasMelliza | 849,073.77 | 1,039,449.71 | 2,913.38 | 0.122 | CR | x | 1499
LasMelliza | 849,073.62 | 1,039,335.13 | 2,917.67 | 0.263 | 0 | x | 1594
LasMelliza | 849,073.19 | 1,039,273.18 | 2,929.66 | 0.319 | 0 | p | 1643
LasMelliza | 849,073.11 | 1,039,318.06 | 2,917.25 | 0.393 | 0 | p | 1632
LasMelliza | 849,072.97 | 1,039,337.52 | 2,915.94 | 0.068 | 0 | x | 1596
LasMelliza | 849,072.42 | 1,039,275.78 | 2,927.44 | 0.121 | 0 | p | 1642
LasMelliza | 849,072.41 | 1,039,447.24 | 2,913.39 | 0.135 | MO | x | 1500
LasMelliza | 849,071.97 | 1,039,278.34 | 2,925.15 | 0.236 | 0 | p | 1641
LasMelliza | 849,071.85 | 1,039,316.32 | 2,917.09 | 2.978 | 0 | p | 1633
LasMelliza | 849,071.38 | 1,039,300.64 | 2,918.98 | 0.042 | 0 | x | 1637
LasMelliza | 849,070.75 | 1,039,291.73 | 2,919.40 | 0.56 | 0 | p | 1638
LasMelliza | 849,070.75 | 1,039,338.15 | 2,915.93 | 0.2 | 0 | x | 1597

|  | Page 25 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LasMelliza | 849,070.52 | 1,039,444.44 | 2,913.52 | 0.216 | MO | x | 1502
LasMelliza | 849,070.12 | 1,039,313.76 | 2,916.96 | 0.148 | 0 | p | 1634
LasMelliza | 849,070.09 | 1,039,318.65 | 2,916.98 | 0.029 | 0 | p | 1617
LasMelliza | 849,069.95 | 1,039,320.71 | 2,918.29 | 0.069 | 0 | p | 1616
LasMelliza | 849,069.39 | 1,039,286.58 | 2,919.40 | 3.079 | 0 | p | 1639
LasMelliza | 849,068.30 | 1,039,301.35 | 2,918.97 | 0.14 | 0 | x | 1636
LasMelliza | 849,067.25 | 1,039,439.14 | 2,914.01 | 0.126 | MO | x | 1503
LasMelliza | 849,067.01 | 1,039,323.04 | 2,918.27 | 0.03 | 0 | p | 1615
LasMelliza | 849,066.90 | 1,039,334.57 | 2,924.71 | 0.08 | 0 | p | 1610
LasMelliza | 849,066.84 | 1,039,325.75 | 2,917.92 | 0.032 | 0 | p | 1614
LasMelliza | 849,066.78 | 1,039,321.66 | 2,918.18 | 0.064 | 0 | p | 1618
LasMelliza | 849,066.51 | 1,039,333.95 | 2,925.72 | 0.13 | 0 | p | 1611
LasMelliza | 849,066.16 | 1,039,338.19 | 2,920.55 | 0.717 | 0 | p | 1607
LasMelliza | 849,065.81 | 1,039,303.53 | 2,918.71 | 0.116 | 0 | x | 1635
LasMelliza | 849,065.80 | 1,039,335.40 | 2,920.35 | 0.769 | 0 | p | 1606
LasMelliza | 849,065.79 | 1,039,328.59 | 2,917.81 | 0.187 | 0 | p | 1613
LasMelliza | 849,065.70 | 1,039,436.24 | 2,913.95 | 0.478 | CR | x | 1506
LasMelliza | 849,065.10 | 1,039,336.78 | 2,917.84 | 0.068 | 0 | p | 1605
LasMelliza | 849,064.94 | 1,039,304.01 | 2,918.21 | 0.853 | 0 | p | 1622
LasMelliza | 849,064.44 | 1,039,339.80 | 2,924.88 | 0.349 | 0 | p | 1609
LasMelliza | 849,064.16 | 1,039,317.39 | 2,918.52 | 0.56 | 0 | p | 1619
LasMelliza | 849,063.99 | 1,039,334.36 | 2,917.57 | 0.281 | 0 | p | 1612
LasMelliza | 849,063.86 | 1,039,309.15 | 2,918.93 | 0.065 | 0 | p | 1621
LasMelliza | 849,063.79 | 1,039,433.32 | 2,914.08 | 0.099 | CR | x | 1507
LasMelliza | 849,063.56 | 1,039,314.60 | 2,918.57 | 0.613 | 0 | p | 1620
LasMelliza | 849,061.79 | 1,039,430.42 | 2,914.09 | 0.196 | MO | x | 1508
LasMelliza | 849,061.79 | 1,039,340.74 | 2,916.24 | 0.083 | 0 | x | 1598
LasMelliza | 849,059.96 | 1,039,427.78 | 2,914.24 | 0.236 | MO | x | 1509
LasMelliza | 849,058.45 | 1,039,425.56 | 2,914.28 | 0.227 | CR | x | 1510
LasMelliza | 849,058.07 | 1,039,275.28 | 2,920.19 | 0.355 | 0 | p | 1661
LasMelliza | 849,057.13 | 1,039,340.89 | 2,916.19 | 0.074 | 0 | x | 1599
LasMelliza | 849,056.77 | 1,039,423.16 | 2,914.27 | 0.03 | CR | x | 1511
LasMelliza | 849,056.64 | 1,039,424.30 | 2,913.68 | 0.021 | CR | x | 1512
LasMelliza | 849,054.40 | 1,039,270.75 | 2,920.62 | 0.138 | 0 | p | 1662
LasMelliza | 849,052.48 | 1,039,339.59 | 2,916.34 | 0.137 | 0 | x | 1600
LasMelliza | 849,051.78 | 1,039,268.05 | 2,920.33 | 0.274 | 0 | p | 1663
LasMelliza | 849,048.71 | 1,039,337.23 | 2,917.72 | 0.277 | 0 | x | 1601
LasMelliza | 849,044.84 | 1,039,334.85 | 2,917.85 | 0.064 | 0 | x | 1603
LasMelliza | 849,042.73 | 1,039,333.34 | 2,918.43 | 0.062 | 0 | x | 1604
LasMelliza2 | 849,100.14 | 1,039,260.52 | 2,921.48 | 0.26 | 0 | p | 2015
LasMelliza2 | 849,083.61 | 1,039,291.18 | 2,931.95 | 172.99 | 0 | p | 2016
LasMelliza2 | 849,051.68 | 1,039,266.97 | 2,921.16 | 3.777 | 0 | p | 2014
LasPiscina | 849,147.00 | 1,039,407.04 | 2,927.32 | 0.12 | MO | x | 1246
LasPiscina | 849,142.69 | 1,039,404.98 | 2,927.18 | 0.26 | MO | x | 1247
LasPiscina | 849,139.60 | 1,039,399.43 | 2,928.26 | 0.323 | MO | x | 1249
LasPiscina | 849,139.47 | 1,039,401.81 | 2,927.19 | 0.116 | MO | x | 1248
LasPiscina | 849,138.85 | 1,039,399.05 | 2,928.16 | 0.268 | MO | x | 1250
LasPiscina | 849,137.99 | 1,039,392.93 | 2,928.37 | 0.671 | MO | x | 1251
LasPiscina | 849,135.08 | 1,039,390.30 | 2,928.47 | 0.514 | MO | x | 1252
LasPiscina | 849,134.34 | 1,039,387.29 | 2,928.49 | 0.336 | MO | x | 1254
LasPiscina | 849,132.63 | 1,039,379.81 | 2,928.98 | 0.325 | MO | p | 1257
LasPiscina | 849,132.45 | 1,039,384.78 | 2,928.58 | 0.167 | MO | x | 1255
LasPiscina | 849,131.62 | 1,039,383.63 | 2,928.95 | 0.054 | MO | x | 1262
LasPiscina | 849,131.08 | 1,039,378.56 | 2,929.16 | 0.236 | MO | p | 1258

|  | Page 26 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
LasPiscina | 849,127.70 | 1,039,383.10 | 2,927.59 | 0.3 | MO | p | 1256
LasPiscina | 849,124.80 | 1,039,376.32 | 2,929.65 | 0.655 | MO | p | 1260
LasPiscina | 849,123.66 | 1,039,383.66 | 2,927.77 | 0.18 | MO | x | 1263
LasPiscina | 849,119.13 | 1,039,373.14 | 2,928.37 | 0.539 | MO | p | 1261
LasPiscina | 849,119.11 | 1,039,383.86 | 2,927.85 | 0.214 | MO | x | 1264
LasPiscina | 849,115.14 | 1,039,377.91 | 2,929.74 | 0.461 | MO | p | 1268
LasPiscina | 849,114.93 | 1,039,380.94 | 2,929.44 | 0.416 | MO | p | 1267
LasPiscina | 849,114.62 | 1,039,384.02 | 2,928.10 | 0.211 | MO | x | 1265
LasPiscina | 849,111.79 | 1,039,384.06 | 2,928.38 | 0.75 | MO | x | 1266
LaTravesía | 849,345.51 | 1,039,050.68 | 2,975.40 | 3.343 | LC | P | 589
LaTravesía | 849,345.43 | 1,039,057.43 | 2,980.25 | 0.101 | LC | P | 597
LaTravesía | 849,345.29 | 1,039,048.27 | 2,975.88 | 0.951 | LC | P | 588
LaTravesía | 849,345.15 | 1,039,064.17 | 2,980.18 | 0.177 | LC | P | 595
LaTravesía | 849,344.95 | 1,039,052.44 | 2,979.82 | 4.132 | LC | P | 599
LaTravesía | 849,344.71 | 1,039,055.09 | 2,979.72 | 0.155 | LC | P | 598
LaTravesía | 849,344.47 | 1,039,053.44 | 2,975.29 | 0.188 | LC | P | 590
LaTravesía | 849,344.42 | 1,039,060.84 | 2,980.29 | 0.1 | LC | P | 596
LaTravesía | 849,343.86 | 1,039,062.49 | 2,978.25 | 0.344 | LC | P | 594
LaTravesía | 849,343.71 | 1,039,059.33 | 2,975.14 | 0.105 | LC | P | 592
LaTravesía | 849,343.37 | 1,039,061.65 | 2,976.37 | 0.427 | LC | P | 593
LaTravesía | 849,343.32 | 1,039,056.01 | 2,975.62 | 0.695 | LC | P | 591
MinaNueva | 849,315.16 | 1,039,432.55 | 2,936.57 | 0.075 | CR | x | 1309
MinaNueva | 849,314.47 | 1,039,431.07 | 2,936.96 | 0.103 | CR | x | 1308
MinaNueva | 849,311.84 | 1,039,431.90 | 2,937.07 | 0.073 | CR | x | 1306
MinaNueva | 849,308.61 | 1,039,431.28 | 2,936.77 | 0.047 | CR | x | 1305
MinaNueva | 849,305.62 | 1,039,432.05 | 2,936.62 | 0.041 | CR | x | 1304
MinaNueva | 849,301.29 | 1,039,431.70 | 2,936.34 | 0.041 | CR | x | 1302
MinaNueva | 849,296.84 | 1,039,431.55 | 2,935.93 | 0.04 | CR | x | 1301
MinaNueva | 849,292.12 | 1,039,431.44 | 2,935.63 | 0.042 | CR | x | 1300
MinaNueva | 849,287.87 | 1,039,431.33 | 2,935.44 | 0.061 | CR | x | 1299
MinaNueva | 849,281.39 | 1,039,429.74 | 2,933.81 | 0.04 | CR | x | 1298
MinaNueva | 849,278.08 | 1,039,428.41 | 2,934.49 | 0.028 | CR | x | 1297
MinaNueva | 849,275.35 | 1,039,429.79 | 2,934.83 | 0.353 | CR | x | 1296
MinaNueva | 849,271.97 | 1,039,430.59 | 2,934.38 | 0.028 | CR | x | 1295
MinaNueva | 849,269.00 | 1,039,433.38 | 2,934.09 | 0.065 | CR | x | 1294
MinaNueva | 849,265.33 | 1,039,433.04 | 2,933.86 | 0.085 | CR | x | 1293
MinaNueva | 849,261.53 | 1,039,433.91 | 2,933.82 | 0.167 | CR | x | 1291
MinaNueva | 849,258.61 | 1,039,434.18 | 2,933.42 | 0.082 | CR | x | 1290
MinaNueva | 849,255.25 | 1,039,433.25 | 2,933.39 | 0.078 | CR | x | 1289
MinaNueva | 849,251.98 | 1,039,434.48 | 2,933.47 | 0.025 | CR | x | 1288
MinaNueva | 849,247.95 | 1,039,433.67 | 2,933.20 | 0.553 | CR | x | 1287
MinaNueva | 849,243.54 | 1,039,433.19 | 2,932.85 | 0.169 | CR | x | 1286
MinaNueva | 849,239.38 | 1,039,432.06 | 2,932.72 | 0.103 | CR | x | 1285
MinaNueva | 849,234.66 | 1,039,430.85 | 2,932.55 | 0.127 | CR | x | 1284
MinaNueva | 849,230.30 | 1,039,429.51 | 2,932.37 | 0.174 | CR | x | 1283
MinaNueva | 849,226.00 | 1,039,428.64 | 2,932.18 | 0.183 | CR | x | 1282
MinaNueva | 849,221.83 | 1,039,427.20 | 2,931.81 | 0.708 | CR | x | 1281
MinaNueva | 849,217.38 | 1,039,425.73 | 2,931.63 | 0.154 | CR | x | 1280
MinaNueva | 849,213.17 | 1,039,424.56 | 2,931.28 | 0.084 | CR | x | 1279
MinaNueva | 849,208.79 | 1,039,420.82 | 2,929.92 | 0.089 | CR | p | 1278
MinaNueva | 849,207.16 | 1,039,423.13 | 2,931.02 | 0.088 | CR | x | 1276
MinaNueva | 849,206.62 | 1,039,424.86 | 2,929.87 | 0.19 | CR | p | 1277
MinaNueva | 849,205.28 | 1,039,422.88 | 2,930.80 | 0.191 | CR | x | 1275
MinaNueva | 849,200.83 | 1,039,421.45 | 2,930.61 | 0.184 | CR | x | 1274

|  | Page 27 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
MinaNueva | 849,196.55 | 1,039,420.27 | 2,930.37 | 0.706 | CR | x | 1273
MinaNueva | 849,192.08 | 1,039,418.71 | 2,930.25 | 0.32 | CR | x | 1271
MinaNueva | 849,187.69 | 1,039,417.51 | 2,929.87 | 0.132 | CR | x | 1270
MinaNueva | 849,182.84 | 1,039,416.17 | 2,929.70 | 0.526 | CR | x | 1269
Morales | 849,330.67 | 1,038,995.03 | 2,990.00 | 0.495 | AM | X | 612
Morales | 849,326.23 | 1,038,994.19 | 2,990.19 | 0.061 | AM | X | 613
Morales | 849,322.56 | 1,038,991.64 | 2,990.32 | 0.112 | AM | X | 614
Morales | 849,319.23 | 1,038,990.66 | 2,990.26 | 0.151 | AM | X | 615
Morales | 849,316.37 | 1,038,991.69 | 2,990.66 | 1.639 | JR | P | 634
Morales | 849,315.19 | 1,038,990.44 | 2,990.16 | 0.125 | AM | X | 616
Morales | 849,313.87 | 1,038,994.26 | 2,991.12 | 1.342 | JR | P | 637
Morales | 849,312.58 | 1,038,997.58 | 2,991.86 | 0.425 | JR | P | 638
Morales | 849,312.24 | 1,038,986.81 | 2,994.46 | 0.576 | AM | P | 618
Morales | 849,311.17 | 1,038,999.83 | 2,992.15 | 20.4 | JR | P | 640
Morales | 849,311.07 | 1,039,000.33 | 2,992.28 | 0.98 | JR | P | 639
Morales | 849,310.80 | 1,038,992.02 | 2,990.37 | 0.05 | AM | X | 617
Morales | 849,310.71 | 1,039,001.90 | 2,990.50 | 0.186 | JR | P | 635
Morales | 849,310.63 | 1,038,983.32 | 2,991.31 | 0.096 | JR | P | 624
Morales | 849,310.56 | 1,038,983.69 | 2,991.27 | 0.475 | JR | P | 625
Morales | 849,309.49 | 1,039,003.75 | 2,990.68 | 1.285 | JR | P | 636
Morales | 849,308.95 | 1,038,993.40 | 2,993.08 | 2.757 | JR | P | 627
Morales | 849,308.87 | 1,038,993.58 | 2,993.13 | 1.286 | JR | P | 628
Morales | 849,308.87 | 1,038,991.54 | 2,993.03 | 1.101 | JR | P | 626
Morales | 849,308.19 | 1,038,995.43 | 2,994.02 | 0.598 | JR | P | 629
Morales | 849,307.29 | 1,038,993.17 | 2,990.42 | 0.45 | AM | X | 619
Morales | 849,307.18 | 1,038,998.08 | 2,992.80 | 1.129 | JR | P | 630
Morales | 849,305.59 | 1,039,001.91 | 2,992.57 | 1.941 | JR | P | 631
Morales | 849,304.34 | 1,039,004.19 | 2,991.33 | 1.38 | JR | P | 632
Morales | 849,303.56 | 1,038,993.02 | 2,990.83 | 0.126 | AM | X | 620
Morales | 849,302.26 | 1,039,007.24 | 2,989.93 | 1.243 | JR | P | 633
Morales | 849,299.15 | 1,038,992.76 | 2,990.90 | 0.041 | AM | X | 621
Morales | 849,295.58 | 1,038,993.72 | 2,990.94 | 0.198 | AM | X | 622
Morales | 849,292.42 | 1,038,994.06 | 2,990.76 | 0.053 | AM | X | 623
SanAlberto | 849,242.58 | 1,039,053.37 | 2,966.88 | 0.072 | LC-AM | X | 296
SanAlberto | 849,238.47 | 1,039,051.04 | 2,966.57 | 0.112 | LC-AM | X | 297
SanAlberto | 849,234.81 | 1,039,049.17 | 2,966.85 | 0.716 | LC-AM | X | 298
SanAlberto | 849,230.29 | 1,039,047.98 | 2,966.99 | 0.071 | LC-AM | X | 299
SanAlberto | 849,226.31 | 1,039,046.64 | 2,967.22 | 0.05 | LC-AM | X | 300
SanAlberto | 849,222.48 | 1,039,045.49 | 2,967.48 | 0.019 | LC-AM | X | 301
SanAlberto | 849,219.04 | 1,039,043.77 | 2,967.70 | 0.157 | LC-AM | X | 302
SanAlberto | 849,219.01 | 1,039,038.91 | 2,970.44 | 1.528 | LC | P | 353
SanAlberto | 849,215.21 | 1,039,042.00 | 2,967.92 | 0.035 | LC-AM | X | 303
SanAlberto | 849,214.41 | 1,039,039.28 | 2,968.28 | 0.067 | LC | X | 352
SanAlberto | 849,213.66 | 1,039,038.01 | 2,968.89 | 0.086 | LC | P | 349
SanAlberto | 849,213.56 | 1,039,035.22 | 2,968.17 | 0.085 | LC | P | 350
SanAlberto | 849,212.90 | 1,039,039.99 | 2,967.90 | 0.087 | LC | X | 351
SanAlberto | 849,211.85 | 1,039,039.67 | 2,968.25 | 0.083 | LC-AM | X | 304
SanAlberto | 849,211.43 | 1,039,061.97 | 2,976.07 | 1.05 | LC-AM | P | 371
SanAlberto | 849,211.41 | 1,039,038.57 | 2,967.92 | 0.675 | LC | P | 348
SanAlberto | 849,211.22 | 1,039,053.73 | 2,971.75 | 10.27 | LC-AM | P | 370
SanAlberto | 849,209.57 | 1,039,039.74 | 2,968.29 | 0.046 | LC-AM | X | 305
SanAlberto | 849,208.82 | 1,039,048.47 | 2,967.38 | 0.265 | LC | X | 354
SanAlberto | 849,207.73 | 1,039,049.29 | 2,968.78 | 2.133 | LC | P | 355
SanAlberto | 849,207.53 | 1,039,057.04 | 2,970.11 | 4.488 | LC | P | 359

|  | Page 28 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
SanAlberto | 849,207.50 | 1,039,068.12 | 2,978.05 | 0.693 | LC | P | 365
SanAlberto | 849,206.74 | 1,039,069.73 | 2,979.39 | 1.202 | LC | P | 366
SanAlberto | 849,206.74 | 1,039,065.93 | 2,975.56 | 1.544 | LC | P | 364
SanAlberto | 849,206.64 | 1,039,051.10 | 2,968.79 | 2.08 | LC | P | 356
SanAlberto | 849,206.51 | 1,039,054.91 | 2,968.26 | 0.177 | LC | P | 358
SanAlberto | 849,206.40 | 1,039,053.71 | 2,967.73 | 0.441 | LC | P | 357
SanAlberto | 849,206.29 | 1,039,060.18 | 2,972.31 | 0.311 | LC | P | 360
SanAlberto | 849,206.22 | 1,039,054.60 | 2,969.70 | 0.294 | LC-AM | P | 369
SanAlberto | 849,206.20 | 1,039,038.20 | 2,967.99 | 0.304 | LC-AM | X | 306
SanAlberto | 849,206.03 | 1,039,071.49 | 2,978.73 | 2.714 | LC | P | 367
SanAlberto | 849,205.83 | 1,039,064.83 | 2,974.31 | 0.69 | LC | P | 363
SanAlberto | 849,205.49 | 1,039,074.04 | 2,978.75 | 1.736 | LC | P | 368
SanAlberto | 849,205.44 | 1,039,062.72 | 2,973.15 | 0.123 | LC | P | 361
SanAlberto | 849,205.20 | 1,039,063.72 | 2,973.74 | 0.801 | LC | P | 362
SanAlberto | 849,202.44 | 1,039,037.18 | 2,968.72 | 0.128 | LC-AM | X | 307
SanAlberto | 849,198.81 | 1,039,035.68 | 2,968.74 | 0.119 | LC-AM | X | 308
SanAlberto | 849,195.18 | 1,039,034.00 | 2,968.95 | 0.053 | LC-AM | X | 309
SanAlberto | 849,191.62 | 1,039,032.76 | 2,969.00 | 0.09 | LC-AM | X | 310
SanAlberto | 849,189.52 | 1,039,024.17 | 2,970.54 | 1.145 | LC-AM | P | 345
SanAlberto | 849,189.08 | 1,039,032.84 | 2,969.33 | 0.216 | LC-AM | P | 347
SanAlberto | 849,188.84 | 1,039,031.79 | 2,969.37 | 0.098 | LC-AM | X | 311
SanAlberto | 849,188.83 | 1,039,029.67 | 2,971.10 | 0.367 | LC-AM | P | 344
SanAlberto | 849,188.40 | 1,039,030.42 | 2,969.80 | 0.884 | LC-AM | P | 343
SanAlberto | 849,187.95 | 1,039,023.65 | 2,968.19 | 0.052 | LC-AM | P | 346
SanAlberto | 849,184.66 | 1,039,029.76 | 2,969.28 | 0.386 | LC-AM | X | 312
SanAlberto | 849,181.14 | 1,039,028.79 | 2,969.38 | 0.236 | LC-AM | X | 313
SanAlberto | 849,177.40 | 1,039,027.53 | 2,969.42 | 0.256 | LC-AM | P | 314
SanAlberto | 849,174.15 | 1,039,025.69 | 2,969.66 | 0.09 | LC-AM | X | 315
SanAlberto | 849,170.36 | 1,039,020.92 | 2,969.02 | 0.487 | LC-AM | P | 316
SanAlberto | 849,168.55 | 1,039,023.13 | 2,969.50 | 0.769 | LC-AM | X | 317
SanAlberto | 849,168.21 | 1,039,029.90 | 2,968.48 | 0.454 | LC | P | 342
SanAlberto | 849,164.74 | 1,039,021.77 | 2,969.87 | 0.081 | LC-AM | X | 318
SanAlberto | 849,160.22 | 1,039,020.91 | 2,970.13 | 0.049 | LC-AM | X | 319
SanAlberto | 849,155.94 | 1,039,019.43 | 2,970.35 | 0.363 | LC-AM | X | 320
SanAlberto | 849,151.11 | 1,039,018.97 | 2,970.46 | 0.181 | LC-AM | X | 321
SanAlberto | 849,146.61 | 1,039,018.67 | 2,970.24 | 0.107 | LC-AM | X | 322
SanAlberto | 849,142.08 | 1,039,018.82 | 2,970.13 | 0.082 | LC-AM | X | 323
SanAlberto | 849,137.34 | 1,039,019.24 | 2,970.20 | 0.035 | LC-AM | X | 324
SanAlberto | 849,132.35 | 1,039,019.47 | 2,970.16 | 0.083 | LC-AM | X | 325
SanAlberto | 849,127.67 | 1,039,020.10 | 2,970.24 | 0.084 | LC-AM | X | 326
SanAlberto | 849,122.75 | 1,039,020.48 | 2,970.33 | 0.14 | LC-AM | X | 327
SanAlberto | 849,118.31 | 1,039,021.80 | 2,970.52 | 0.277 | LC-AM | X | 328
SanAlberto | 849,114.29 | 1,039,023.99 | 2,970.65 | 0.051 | LC-AM | X | 329
SanAlberto | 849,110.11 | 1,039,025.83 | 2,970.61 | 0.201 | LC-AM | X | 330
SanAlberto | 849,095.92 | 1,039,026.28 | 2,969.29 | 1.025 | LC-AM | P | 340
SanAlberto | 849,095.67 | 1,039,028.81 | 2,971.67 | 0.302 | LC-AM | P | 341
SanAlberto | 849,091.17 | 1,039,034.67 | 2,971.38 | 0.093 | LC-AM | P | 331
SanAlberto | 849,086.98 | 1,039,035.90 | 2,971.46 | 0.039 | LC-AM | X | 332
SanAlberto | 849,085.25 | 1,039,035.40 | 2,971.57 | 0.09 | LC-AM | X | 333
SanAlberto | 849,081.25 | 1,039,032.73 | 2,971.13 | 0.068 | LC-AM | X | 334
SanAlberto | 849,074.64 | 1,039,029.21 | 2,971.47 | 0.079 | LC-AM | X | 335
SanAlberto | 849,073.64 | 1,039,030.16 | 2,972.92 | 0.064 | LC-AM | X | 336
SanAlberto | 849,071.36 | 1,039,030.78 | 2,972.32 | 0.134 | LC-AM | P | 337
SanAlberto | 849,071.16 | 1,039,031.03 | 2,972.50 | 0.095 | LC-AM | X | 338

|  | Page 29 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
SanAlberto | 849,070.57 | 1,039,032.58 | 2,974.25 | 0.429 | LC-AM | P | 339
Tobogán1 | 849,328.23 | 1,039,076.95 | 2,990.01 | 4.59 | JR | P | 641
Tobogán1 | 849,327.63 | 1,039,073.55 | 2,988.85 | 16.18 | JR | P | 642
Tobogán1 | 849,327.51 | 1,039,074.49 | 2,988.76 | 0.339 | LC | X | 586
Tobogán1 | 849,327.11 | 1,039,066.07 | 2,986.74 | 0.582 | LC | X | 585
Tobogán1 | 849,326.25 | 1,039,071.27 | 2,983.08 | 0.278 | LC | X | 587
El Vagón | 849,021.80 | 1,039,373.20 | 2,949.72 | 617 |  |  |
El Vagón | 849,021.54 | 1,039,396.21 | 2,953.05 | 1111 |  |  |
El Vagón | 849,021.48 | 1,039,367.62 | 2,952.31 | 706 |  |  |
El Vagón | 849,020.92 | 1,039,365.89 | 2,951.47 | 2044 |  |  |
El Vagón | 849,019.75 | 1,039,365.99 | 2,950.50 | 681 |  |  |
El Vagón | 849,019.02 | 1,039,362.82 | 2,950.55 | 315 |  |  |
El Vagón | 849,016.27 | 1,039,332.87 | 2,965.88 | 78 |  |  |
El Vagón | 849,017.65 | 1,039,332.11 | 2,965.97 | 2725 |  |  |
El Vagón | 849,017.64 | 1,039,332.11 | 2,965.99 | 6590 |  |  |
El Vagón | 849,017.45 | 1,039,330.33 | 2,966.95 | 149 |  |  |
El Vagón | 849,018.85 | 1,039,328.96 | 2,968.65 | 394 |  |  |
El Vagón | 849,018.43 | 1,039,328.49 | 2,968.61 | 276 |  |  |
El Vagón | 848,990.85 | 1,039,318.32 | 2,961.99 | 1097 |  |  |
El Vagón | 848,990.93 | 1,039,317.93 | 2,960.52 | 56 |  |  |
El Vagón | 848,993.39 | 1,039,319.59 | 2,960.53 | 191 |  |  |
El Vagón | 848,994.79 | 1,039,321.62 | 2,960.49 | 51 |  |  |
El Vagón | 848,997.23 | 1,039,321.15 | 2,960.26 | 115 |  |  |
El Vagón | 849,005.30 | 1,039,322.03 | 2,960.23 | 142 |  |  |
El Vagón | 849,007.19 | 1,039,320.42 | 2,959.92 | 465 |  |  |
El Vagón | 849,009.53 | 1,039,320.95 | 2,959.82 | 60 |  |  |
El Vagón | 849,009.60 | 1,039,318.21 | 2,960.23 | 161 |  |  |
El Vagón | 849,036.24 | 1,039,315.77 | 2,966.50 | 1291 |  |  |
El Vagón | 849,007.16 | 1,039,315.13 | 2,960.48 | 276 |  |  |
El Vagón | 849,004.75 | 1,039,313.82 | 2,960.54 | 294 |  |  |
El Vagón | 849,003.26 | 1,039,310.17 | 2,961.08 | 106 |  |  |
El Vagón | 849,000.11 | 1,039,306.73 | 2,961.10 | 764 |  |  |
El Vagón | 848,997.22 | 1,039,304.28 | 2,960.95 | 36 |  |  |
El Vagón | 848,996.69 | 1,039,303.57 | 2,969.17 | 35 |  |  |
El Vagón | 849,000.32 | 1,039,303.36 | 2,968.32 | 60 |  |  |
El Vagón | 849,003.06 | 1,039,301.75 | 2,968.80 | 154 |  |  |
El Vagón | 849,006.89 | 1,039,300.74 | 2,968.54 | 357 |  |  |
El Vagón | 849,010.05 | 1,039,298.71 | 2,968.75 | 135 |  |  |
El Vagón | 849,011.00 | 1,039,320.75 | 2,960.11 | 290 |  |  |
El Vagón | 849,015.89 | 1,039,320.91 | 2,959.32 | 492 |  |  |
El Vagón | 849,023.28 | 1,039,320.29 | 2,959.24 | 50 |  |  |
El Vagón | 849,027.24 | 1,039,318.17 | 2,959.38 | 226 |  |  |
El Vagón | 849,029.88 | 1,039,319.13 | 2,959.74 | 370 |  |  |
El Vagón | 849,028.72 | 1,039,318.92 | 2,958.09 | 1426 |  |  |
El Vagón | 849,029.53 | 1,039,315.06 | 2,958.95 | 409 |  |  |
El Vagón | 849,027.83 | 1,039,308.17 | 2,959.00 | 524 |  |  |
El Vagón | 849,027.24 | 1,039,303.82 | 2,959.54 | 1416 |  |  |
El Vagón | 849,027.78 | 1,039,298.92 | 2,959.75 | 403 |  |  |
El Vagón | 849,028.13 | 1,039,298.25 | 2,959.56 | 804 |  |  |
El Vagón | 849,031.03 | 1,039,316.54 | 2,959.24 | 926 |  |  |
El Vagón | 849,036.29 | 1,039,315.27 | 2,959.06 | 438 |  |  |
El Vagón | 849,037.43 | 1,039,314.17 | 2,959.51 | 515 |  |  |
El Vagón | 849,036.89 | 1,039,315.03 | 2,959.42 | 347 |  |  |
El Vagón | 849,040.83 | 1,039,311.02 | 2,959.45 | 584 |  |  |

|  | Page 30 of 31

Sample Database
January 2011

HoleID | East | North | Elev | Au(ppm) | Geo | SamTyp | Samp No
El Vagón | 849,040.79 | 1,039,311.40 | 2,959.27 | 598 |  |  |
El Vagón | 849,039.92 | 1,039,313.88 | 2,958.25 | 298 |  |  |
El Vagón | 849,045.08 | 1,039,312.30 | 2,958.03 | 241 |  |  |
El Vagón | 849,048.79 | 1,039,313.79 | 2,958.21 | 104 |  |  |
El Vagón | 849,051.13 | 1,039,312.19 | 2,958.49 | 201 |  |  |
El Vagón | 849,051.90 | 1,039,309.63 | 2,958.44 | 364 |  |  |
El Vagón | 849,050.96 | 1,039,309.59 | 2,956.26 | 1465 |  |  |
El Vagón | 849,054.00 | 1,039,313.05 | 2,954.16 | 695 |  |  |
El Vagón | 849,055.86 | 1,039,313.07 | 2,954.56 | 4020 |  |  |
El Vagón | 849,057.64 | 1,039,313.61 | 2,953.36 | 3100 |  |  |
El Vagón | 849,059.90 | 1,039,318.53 | 2,954.25 | 9690 |  |  |
El Vagón | 849,057.42 | 1,039,318.34 | 2,954.16 | 6250 |  |  |
El Barranco | 848,909.69 | 1,039,337.79 | 2,993.47 | 706 |  |  |
El Barranco | 848,909.12 | 1,039,336.34 | 2,993.75 | 365 |  |  |
El Barranco | 848,910.47 | 1,039,334.28 | 2,993.87 | 1822 |  |  |
El Barranco | 848,910.32 | 1,039,332.30 | 2,994.10 | 2206 |  |  |

|  | Page 31 of 31

Sample Database - Outcrop Samples

January 2011

HoleId | East | North | Elev | Au(ppm) | SamType | Samp No
OUTCROP | 849085 | 1038202 | 3132 | 0.005 | -1 | 811
OUTCROP | 849118 | 1038540 | 3068 | 0.005 | -1 | 812
OUTCROP | 849293 | 1038129 | 3148 | 0.005 | -1 | 813
OUTCROP | 849671 | 1038671 | 3084 | 0.005 | -1 | 814
OUTCROP | 849620 | 1038699 | 3048 | 0.005 | -1 | 815
OUTCROP | 849562 | 1038778 | 3033 | 0.005 | -1 | 816
OUTCROP | 849345 | 1039204 | 2966 | 0.095 | -1 | 817
OUTCROP | 849471 | 1039135 | 3081 | 0.005 | -1 | 818
OUTCROP | 849344 | 1039433 | 3101 | 0.005 | -1 | 819
OUTCROP | 849054 | 1039536 | 2975 | 0.005 | -1 | 820
OUTCROP | 849054 | 1039536 | 2976 | 0.018 | -1 | 821
OUTCROP | 849022 | 1039567 | 2977 | 0.025 | -1 | 822
OUTCROP | 849022 | 1039567 | 2977 | 2.378 | -1 | 823
OUTCROP | 848873 | 1039628 | 2945 | 0.021 | -1 | 824
OUTCROP | 848622 | 1038985 | 2960 | 0.242 | -1 | 825
OUTCROP | 848881 | 1038461 | 3091 | 0.005 | -1 | 826
OUTCROP | 848980 | 1039382 | 2996 | 0.032 | -1 | 827

Sample Database - Sediment Samples

January 2011

HoleId | East | North | Elev | Au(ppm) | SamType | Samp No
SEDIMENTS | 849141 | 1038737 | 3029 | 0.19 | -1 | 800
SEDIMENTS | 849035 | 1038319 | 3082 | 0.085 | -1 | 801
SEDIMENTS | 849210 | 1038930 | 3010 | 0.77 | -1 | 802
SEDIMENTS | 849173 | 1038827 | 3033 | 0.181 | -1 | 803
SEDIMENTS | 849122 | 1038646 | 3047 | 0.059 | -1 | 804
SEDIMENTS | 849118 | 1038540 | 3068 | 0.099 | -1 | 805
SEDIMENTS | 849078 | 1038442 | 3079 | 0.082 | -1 | 806
SEDIMENTS | 849252 | 1039042 | 3002 | 0.141 | -1 | 807
SEDIMENTS | 849154 | 1038160 | 3119 | 0.039 | -1 | 808
SEDIMENTS | 849081 | 1038234 | 3101 | 0.114 | -1 | 809
SEDIMENTS | 849129 | 1038583 | 3057 | 0.048 | -1 | 810

Page 1 of 1

Appendix A

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

APPENDIX B

CVME QA/QC Report

(in Spanish)

May 31, 2011 |  |

APPENDIX B

Programa QA/QC

| 1.1 | Muestras de control de calidad

| 1.1.1 | Estándares (CSRM)

Muestras con contenidos del elemento a analizar conocidos (media y error aceptados) certificadas por laboratorios internacionales, utilizadas para comprobar la exactitud (“accuracy”) del laboratorio. La exactitud es el grado en que un análisis se acerca a la concentración verdadera.

| 1.1.1.1 | OREAS 60b

Sample number | Standard | Date | Date | Au g/t
933 | Oreas 60b | 16/07/2010 | 16-07-10 | 2,593
1005 | Oreas 60b | 23/07/2010 | 23-07-10 | 2,674
1071 | Oreas 60b | 16/08/2010 | 16-08-10 | 2,542
1136 | Oreas 60b | 28/08/2010 | 28-08-10 | 2,643
1225 | Oreas 60b | 27/09/2010 | 27-09-10 | 2,532
1307 | Oreas 60b | 06/10/2010 | 06-10-10 | 2,488
1374 | Oreas 60b | 11/09/2010 | 11-09-10 | 2,626
1453 | Oreas 60b | 22/09/2010 | 22-09-10 | 2,539
1534 | Oreas 60b | 11/10/2010 | 11-10-10 | 2,541
1608 | Oreas 60b | 21/10/2010 | 21-10-10 | 2,517
1688 | Oreas 60b | 23/10/2010 | 23-10-10 | 2,592
1745 | Oreas 60b | 28/10/2010 | 28-10-10 | 2,626
1817 | Oreas 60b | 09/11/2010 | 09-11-10 | 2,479
2206 | Oreas 60b | 29/10/2010 | 29-10-10 | 2,562

Tabla 1. Resultados para las muestras de control Oreas 60b

Según las reglas del control de calidad para las muestras estándar, se tienen en cuenta los siguientes aspectos:

| · | Si el resultado de un estándar es mayor o menor que 3 desviaciones estándar a su valor medio es considerado como una falla (ver figura 1).

| · | Si los resultados de dos estándares adyacentes (mismo lado) son mayores o menores que 2 desviaciones estándar a sus valores medios eso es considerado como una falla (ver figura 1).

Figura 1. Gráfico temporal (valor Vs fecha) para Oreas 60b

Para la muestras de control Oreas 60b, no se detectó ninguna falla, todos los valores han demostrado una buena exactitud.

| 1.1.1.2 | OREAS 65a

Sample number | Standard | Date | Date | Au g/t
911 | Oreas 65a | 10/07/2010 | 10-07-10 | 0,539
975 | Oreas 65a | 05/08/2010 | 05-08-10 | 0,542
1044 | Oreas 65a | 12/08/2010 | 12-08-10 | 0,528
1115 | Oreas 65a | 23/08/2010 | 23-08-10 | 0,534
1200 | Oreas 65a | 27/09/2010 | 27-09-10 | 0,528
1272 | Oreas 65a | 01/10/2010 | 01-10-10 | 0,517
1352 | Oreas 65a | 22/09/2010 | 22-09-10 | 0,530
1431 | Oreas 65a | 20/09/2010 | 20-09-10 | 0,512
1504 | Oreas 65a | 08/10/2010 | 08-10-10 | 0,518
1573 | Oreas 65a | 15/10/2010 | 15-10-10 | 0,521
1657 | Oreas 65a | 22/10/2010 | 22-10-10 | 0,54
1724 | Oreas 65a | 26/10/2010 | 26-10-10 | 0,537

1798 | Oreas 65a | 03/11/2010 | 03-11-10 | 0,53
1859 | Oreas 65a | 17/11/2010 | 17-11-10 | 0,526
2252 | Oreas 65a | 30/10/2010 | 30-10-10 | 0,524

Tabla 2. Resultados para las muestras de control Oreas 65a

Figura 2. Gráfico temporal (valor Vs fecha) para Oreas 65a

Para la muestras de control Oreas 65a, no se detectó ninguna falla, todos los valores han demostrado una buena exactitud.

| 1.1.1.3 | OREAS 62d

Sample number | Standard | Date | Date | Au g/t
880 | Oreas 62d | 02/07/2010 | 02-07-10 | 10,680
954 | Oreas 62d | 24/07/2010 | 24-07-10 | 10,590
1018 | Oreas 62d | 23/07/2010 | 23-07-10 | 10,430
1094 | Oreas 62d | 17/08/2010 | 17-08-10 | 10,720
1160 | Oreas 62d | 30/08/2010 | 30-08-10 | 10,830
1253 | Oreas 62d | 29/09/2010 | 29-09-10 | 10,770

1333 | Oreas 62d | 14/09/2010 | 14-09-10 | 10,640
1408 | Oreas 62d | 18/09/2010 | 18-09-10 | 10,740
1477 | Oreas 62d | 22/09/2010 | 22-09-10 | 10,63
1555 | Oreas 62d | 12/10/2010 | 12-10-10 | 10,63
1631 | Oreas 62d | 18/10/2010 | 18-10-10 | 10,74
1709 | Oreas 62d | 25/10/2010 | 25-10-10 | 10,77
1768 | Oreas 62d | 30/10/2010 | 30-10-10 | 10,61
1838 | Oreas 62d | 10/11/2010 | 10-11-10 | 10,7
2228 | Oreas 62d | 11/11/2010 | 11-11-10 | 10,77

Tabla 3. Resultados para las muestras de control Oreas 62d

Figura 3. Gráfico temporal (valor Vs fecha) para Oreas 62d

La muestra estándar 1018, arrojó un valor de 10,430 gr/t, resultando ser menor de 2 desviaciones estándar a su valor medio (10,500 gr/t), sin embargo hasta el momento las muestras adyacentes han estado dentro de la norma por lo tanto el resultado de ésta muestra es aceptado.

| 1.1.2 | Blancos

Muestra de roca no mineralizada con la cual se mide la contaminación durante el proceso de preparación en el laboratorio, indicando también mezclas entre muestras. Estas muestras son estándares de concentración cero.

Sample | Blanks (ppb) | M Precedente
# | I | II
888 | 5,00 | 59,00
925 | 5,00 | 400,00
976 | 5,00 | 1642,00
1010 | 5,00 | 142,00
1028 | 5,00 | 870,00
1062 | 5,00 | 16,00
1102 | 5,00 | 21,00
1135 | 8,00 | 406,00
1164 | 5,00 | 768,00
1213 | 5,00 | 586,00
1223 | 5,00 | 286,00
1259 | 5,00 | 236,00
1303 | 5,00 | 41,00
1328 | 5,00 | 1418,00
1363 | 5,00 | 5080,00
1401 | 5,00 | 2010,00
1429 | 5,00 | 249,00
1469 | 5,00 | 1015,00
1501 | 5,00 | 135,00
1525 | 5,00 | 292,00
1565 | 5,00 | 28,00
1595 | 5,00 | 263,00
1624 | 5,00 | 1710,00
1647 | 5,00 | 46,00
1698 | 5,00 | 58,00
1720 | 5,00 | 1152,00
1752 | 5,00 | 47,00
1802 | 5,00 | 146,00
1824 | 5,00 | 672,00
1853 | 5,00 | 173,00
2217 | 5,00 | 23,00
2248 | 5,00 | 65,00

Tabla 4. Resultados para las muestras de control “Blank”

Si el resultado de un “blank” es 5 veces mayor que el límite de detección (DL) del análisis utilizado, es considerado como falla (para el caso de SGS es 25 ppb).

Con estas muestras de control estamos midiendo la contaminación durante el proceso de preparación en el laboratorio, pudiendo indicar también, mezclas entre muestras.

La figura 4, representa un gráfico temporal para los blancos, donde se grafican las muestras de control Blank y las muestras precedentes.

Figura 4. Gráfico Blank Vs muestra precedente

Todas las muestras de control analizadas hasta el momento, se encuentran por debajo del límite de detección (5 ppb) por lo tanto la tasa de contaminación en las muestras es cero.

| 1.1.3 | Duplicados de preparación

Duplicado tomado de la muestra triturada para medir la precisión del proceso de preparación y análisis del laboratorio. La variación debería ser menor que la de los duplicados de campo porque una muestra preparada correctamente es bastante homogénea.

Preparation duplicates | Au (ppb)
Sample | Mine | Sample Type | Date | Geologist | Observation |
796 | Campamento | x | 25/06/2010 | CR | SPD | 171
SPD 0001 | Campamento | x | 25/06/2010 | CR | SPD | 69

872 | Campamento | p | 01/07/2010 | MO | SPD | 24
SPD 0002 | Campamento | p | 01/07/2010 | MO | SPD | 19
949 | La Antioquia | p | 20/07/2010 | MO | SPD | 88
SPD 0003 | La Antioquia | p | 20/07/2010 | MO | SPD | 84
994 | La Antioquia | p | 22/07/2010 | MO | SPD | 578
SPD 0004 | La Antioquia | p | 22/07/2010 | MO | SPD | 892
1042 | La Antioquia | p | 12/08/2010 | CR | SPD | 1685
SPD 0005 | La Antioquia | P | 12/08/2010 | CR | SPD | 2251
1099 | La Oriental | x | 18/08/2010 | MO | SPD | 46
SPD 0006 | La Oriental | x | 18/08/2010 | MO | SPD | 57
1144 | La Oriental | p | 28/08/2010 | MO | SPD | 2765
SPD 0007 | La Oriental | p | 28/08/2010 | MO | SPD | 4465
1398 | La Oriental | p | 16/09/2010 | CR | SPD | 1741
SPD 0008 | La Oriental | p | 16/09/2010 | CR | SPD | 3259
1238 | El Acaro | p | 27/09/2010 | MO | SPD | 24
SPD 0009 | El Acaro | p | 27/09/2010 | MO | SPD | 20
1287 | Mina Nueva | x | 05/10/2010 | CR | SPD | 553
SPD 0010 | Mina Nueva | x | 05/10/2010 | CR | SPD | 259
1343 | La Oriental | p | 07/09/2010 | MO | SPD | 470
SPD 0011 | La Oriental | p | 07/09/2010 | MO | SPD | 131
1184 | El Acaro | x | 24/09/2010 | MO | SPD | 69
SPD 0012 | El Acaro | x | 24/09/2010 | MO | SPD | 54
1459 | La Oriental | p | 22/09/2010 | MO | SPD | 1468
SPD 0013 | La Oriental | p | 22/09/2010 | MO | SPD | 1888
1508 | Las Mellizas | x | 08/10/2010 | MO | SPD | 196
SPD 0014 | Las Mellizas | x | 08/10/2010 | MO | SPD | 228
1551 | Las Mellizas | x | 12/10/2010 | MO | SPD | 77

SPD 0015 | Las Mellizas | x | 12/10/2010 | MO | SPD | 81
1588 | Las Mellizas | x | 15/10/2010 | MO | SPD | 719
SPD 0016 | Las Mellizas | x | 15/10/2010 | MO | SPD | 440
1644 | Las Mellizas | p | 21/10/2010 | CR | SPD | 427
SPD 0017 | Las Mellizas | p | 21/10/2010 | CR | SPD | 366
1703 | Las Mellizas | p | 25/10/2010 | CR | SPD | 515
SPD 0018 | Las Mellizas | p | 25/10/2010 | CR | SPD | 341
1735 | Las Mellizas | p | 28/10/2010 | CR | SPD | 297
SPD 0019 | Las Mellizas | p | 28/10/2010 | CR | SPD | 361
1788 | La Divisa | x | 03/11/2010 | CR | SPD | 3880
SPD 0020 | La Divisa | x | 03/11/2010 | CR | SPD | 3325
1848 | La Divisa | x | 12/11/2010 | CR | SPD | 79
SPD 0021 | La Divisa | x | 12/11/2010 | CR | SPD | 73
1877 | La Divisa | x | 17/11/2010 | MO | SPD | 44
SPD 0022 | La Divisa | x | 17/11/2010 | MO | SPD | 33
2201 | Line 1 | OC | 29/10/2010 | LC | SPD | 56
SPD 0023 | Line 1 | OC | 29/10/2010 | LC | SPD | 55
2239 | Line 6 | OC |  | LC | SPD | 54
SPD 0024 | Line 6 | OC |  | LC | SPD | 66

Tabla 5. Resultados para las muestras de control, duplicados de preparación

A partir de los resultados obtenidos para los duplicados de preparación, se graficaron diagramas de dispersión que muestran la comparación entre dos conjuntos de datos de análisis.

De esta manera se observó que el 54% de las muestras presentan un porcentaje de diferencia mayor al 20%, razón por la cual se procedió a mandar las pulpas de las muestras a re-análisis.

Figura 5. Gráfico Porcentaje de error en duplicados de preparación

Figura 6. Diagrama de dispersión, duplicados de preparación

| 1.1.4 | Duplicados de campo

Muestra de un mismo intervalo, tomada de manera idéntica a la muestra original, con el fin de medir la precisión (reproducibilidad) de todo el proceso de muestreo, desde el campo hasta la preparación en el laboratorio y análisis. Los duplicados de campo también pueden indicar el efecto pepita natural de las muestras, así que puede haber variaciones significativas entre el original y el duplicado.

Field duplicates | Au (ppb)
902 | La Olvidada | DC (p) | 06/07/2010 | MO | ORIGINAL | 278
907 | La Olvidada | DC de 902 | 06/07/2010 | MO | DC de 902 | 782
922 | La Antioquia | DC (x) | 14/07/2010 | CR | ORIGINAL | 294
942 | La Antioquia | DC de 922 | 14/07/2010 | CR | DC de 922 | 44
982 | La Antioquia | DC (p) | 06/08/2010 | CR | ORIGINAL | 56
1000 | La Antioquia | DC de 982 | 06/08/2010 | CR | DC de 982 | 92
1032 | La Antioquia | DC (p) | 24/07/2010 | CR | ORIGINAL | 353
1039 | La Antioquia | DC de 1032 | 24/07/2010 | CR | DC de 1032 | 219
1079 | La Oriental | DC | 17/08/2010 | MO | ORIGINAL | 20
1090 | La Oriental | DC de 1079 | 17/08/2010 | MO | DC de 1079 | 44
1149 | La Oriental | DC | 30/08/2010 | MO | ORIGINAL | 1210
1159 | La Oriental | DC de 1149 | 30/08/2010 | MO | DC de 1149 | 4048
1187 | El Acaro | DC | 24/09/2010 | MO | ORIGINAL | 32
1193 | El Acaro | DC de 1187 | 24/09/2010 | MO | DC de 1187 | 33
1218 | El Acaro | DC | 25/09/2010 | MO | ORIGINAL | 256
1228 | El Acaro | DC de 1218 | 25/09/2010 | MO | DC de 1218 | 307
1281 | Mina Nueva | DC | 05/10/2010 | CR | ORIGINAL | 708
1292 | Mina Nueva | DC de 1281 | 05/10/2010 | CR | DC de 1281 | 208
1323 | La Oriental | DC | 09/09/2010 | MO | ORIGINAL | 2014
1337 | La Oriental | DC de 1323 | 09/09/2010 | MO | DC de 1323 | 3658
1383 | La Oriental | DC | 16/09/2010 | CR | ORIGINAL | 1154
1392 | La Oriental | DC de 1383 | 16/09/2010 | CR | DC de 1383 | 4031
1421 | La Oriental | DC | 21/09/2010 | CR | ORIGINAL | 312
1440 | La Oriental | DC de 1421 | 21/09/2010 | CR | DC de 1421 | 164

1486 | El Filo | DC | 08/10/2010 | MO | ORIGINAL | 908
1498 | El Filo | DC de 1486 | 08/10/2010 | MO | DC de 1486 | 419
1516 | Las Mellizas | DC | 11/10/2010 | MO | ORIGINAL | 197
1538 | Las Mellizas | DC de 1516 | 11/10/2010 | MO | DC de 1516 | 374
1578 | Las Mellizas | DC | 13/10/2010 | MO | ORIGINAL | 205
1602 | Las Mellizas | DC de 1578 | 13/10/2010 | MO | DC de 1578 | 86
1640 | Las Mellizas | DC | 21/10/2010 | LC | ORIGINAL | 1017
1665 | Las Mellizas | DC de 1640 | 21/10/2010 | LC | DC de 1640 | 166
1684 | Las Mellizas | DC (p) | 23/10/2010 | CR | ORIGINAL | 1023
1694 | Las Mellizas | DC de 1684 | 23/10/2010 | CR | DC de 1684 | 6540
1727 | Las Mellizas | DC (p) | 26/10/2010 | CR | ORIGINAL | 87
1743 | Las Mellizas | DC de 1727 | 26/10/2010 | CR | DC de 1727 | 65
1774 | El Cambuche | DC (p) | 02/11/2010 | MO | ORIGINAL | 1128
1794 | El Cambuche | DC de 1774 | 02/11/2010 | MO | DC de 1774 | 845
1821 | La Divisa | DC (p) | 10/11/2010 | CR | ORIGINAL | 261
1839 | La Divisa | DC de 1821 | 10/11/2010 | CR | DC de 1821 | 1541
1866 | La Divisa | DC (x) | 17/11/2010 | MO | ORIGINAL | 508
1887 | El Vagón | DC de 1866 | 17/11/2010 | MO | DC de 1866 | 3204
2243 | Line 6 | DC | 11/11/2010 | LC | ORIGINAL | 45
2258 | Line 6 | DC de 2243 | 11/11/2010 | LC | DC de 2243 | 113

Tabla 6. Resultados para las muestras de control, duplicados de campo

Se observó que el 90% de las muestras presentan un porcentaje de diferencia mayor al 20%, de acuerdo con el conocimiento que se tiene de Toldafría, el oro grueso encontrado en las muestras es bastante alto, indicando de esta manera el alto grado de influencia que tiene el efecto pepita natural en las muestras, sin embargo de acuerdo al programa de control de calidad se procedió a enviar a re-análisis las pulpas de las muestras, para así descartar los errores en cuanto a la precisión en el proceso de muestreo.

Figura 7. Gráfico Porcentaje de error en duplicados de campo

Figura 8. Diagrama de dispersión, duplicados de campo

Rio Novo Gold Inc. |
Toldafria Project | NI 43-101 Technical Report

APPENDIX C

Met-Solve Laboratories Inc.

Test Work Report

May 31, 2011 |  |

October 14, 2010

Andrew Neale

Universal Gold Mining

Tel: (604) 961-6383

aneale@universalgoldmining.net

Dear Mr. Neale,

Please find attached the report of the results from the metallurgical test work on the Resource Development samples.

Please feel free to contact us if you have any questions.

Sincerely,

Alex Lum, P.Eng.

Metallurgical Engineer

101B – 9850 – 201 Street · Langley, BC · CANADA · V1M 4A3

Tel: 604-888-7604 · Fax: 604-888-5521 · www.met-solvelabs.com

|  | GOLD RECOVERY ON SAMPLES PROVIDED BY RESOURCE
|  | DEVELOPMENT INC.
Prepared for: |  | Andrew Neale
|  | Universal Gold Mining
|  | Tel: (604) 961-6383
|  | aneale@universalgoldmining.net
Prepared by: |  | Met-Solve Laboratories Inc.
|  | 101B – 9850 – 201 Street
|  | Langley, BC
|  | V1M 4A3
|  | Canada
Project Number: |  | MS1271
Alex Lum, P.Eng |  | Ish Grewal, M.A.Sc. P.Eng
Metallurgical Engineer |  | President
|  | October 14, 2010

Note: This report refers to the samples as received. The information contained in this report is provided 'as is' without warranty of any kind with respect to the interpretation and use of the data by the client.

101B – 9850 – 201 Street · Langley, BC · CANADA · V1M 4A3

Tel: 604-888-7604 · Fax: 604-888-5521 · www.met-solvelabs.com

Project MS1271–Resource Development

1.0 BACKGROUND

On August 13, 2010, Met-Solve Labs received two buckets of samples from:

Ryan Allen

Resources Development Inc.

11475 W. I-70 Frontage Rd. North

Wheat Ridge, CO

Tel: 303-422-1176

The two buckets contain eighteen different samples (each packaged in two bags weighing a total of 2 kg). The sample labels are summarized in Table I.

Table I Sample

| Soft comp |  |  |  | Hard comp |
| CV 742-2 |  |  |  | CV 707-5 |
| CV 744-3 |  |  |  | CV 701-9 |
| CV 755-4 |  |  |  | CV 751-13 |
| CV 730-6 |  |  |  | CV 675-14 |
| CV 739-7 |  |  |  | CV 679-15 |
| CV 748-8 |  |  |  | CV 697-16 |
| CV 735-10 |  |  |  | CV 682-20 |
| CV 737-11 |  |  |  |  |
| CV 741-12 |  |  |  |  |
| CV 731-17 |  |  |  |  |
| CV 756-18 |  |  |  |  |

The eleven soft and seven hard comp samples were combined to produced a single composite for testing.

An initial Falcon L40 test was done to test for centrifugal gravity recovery of gold. After promising results from the baseline gravity test, a program consisting of flotation and cyanidation system was added to evaluate the impact of these on the gravity concentrates and tails. Screen analyses were also done to determine particle size and gold distribution by size fraction.

|  | 1

Project MS1271–Resource Development

2.0 METHODOLOGY

The initial Falcon gravity test was done as per flowsheet shown in Figure 1 and the gravity-float- leach procedure was done as shown in Figure 2.

Figure 1 Gravity Test Flowsheet

Oversized material, which was too coarse to feed to the lab Falcon, was screened out prior to the first stage. This oversize was recombined with the first pass tails and ground prior to the second stage. An additional grind was applied after the second stages to increase gold liberation. The concentrates were panned to get an indication of achievable gold grades.

Figure 2 Gravity, Float and CN Leach Circuit

|  | 2

Project MS1271–Resource Development

For the second test, the feed material was ground down to target size prior to gravity concentration and thus no intermediate grinds were applied. The pan cons were assayed for gold, while the pan tails, the rougher and scavenger flotation concentrates were each subjected to a cyanide leach test.

The cyanide leach tests were conducted for 24 hours with 1,000 ppm NaCN at pH of 10.5. Intermediate solution samples were taken at 1, 3 and 6 hours. To stabilize the gold, extra cyanide was added to the solutions prior to submitting the samples to the assay lab.

3.0 RESULTS AND DISCUSSION

Detailed results are summarized in the Appendices as per Table I below.

Table I: Appendix Listing

Tests |  | Appendix
Overall Flowsheet Summary |  | Appendix A
Gravity + Float Summary |  | Appendix B
Cyanidation Summary |  | Appendix C
Initial Gravity Test |  | Appendix D
Head Screen |  | Appendix E
Assay Summary |  | Appendix F

The general recoveries from the test work are presented in Table II below. Refer to flowsheet summaries presented in Appendix A and D for additional details.

Table II: Gold Recoveries

Test Operations |  | Gold Recovery (%)
Gravity Only Recovery (with intermediate grinds) |  | 86.8
Gravity Only Recovery (direct grind) |  | 83.0
Gravity + Float Recovery |  | 92.8
Gravity+Float+Leach Recovery |  | 85.7

|  | 3

Project MS1271–Resource Development

Gravity alone recovered an impressive 83 to 87% of the gold.

Floating the gravity tails raised the gold recovery to 93% with float tails assaying 0.22 g/t. The gravity tails (i.e. float feed) was calculated at 0.50 g/t.

Cyanide leaching of pan tails and float products

The cyanidation gold recoveries are summarized in Table III.

Table III Cyanide Leach Gold Recoveries

|  |  |  |  |  |  |  |  |  |  | Consumption (kg/t) |
| Test |  |  | Material |  |  | Gold Recovery (%) |  |  |  | NaCN |  |  |  | Lime (10%) |
| NL105 |  |  | Pan Tail (NL103) |  |  | 93.8 |  |  |  | 5.5 |  |  |  | 7.3 |
| NL106 |  |  | Float Rougher Con (NL104) |  |  | 84.6 |  |  |  | 9.6 |  |  |  | 23.4 |
| NL107 |  |  | Float Scavenger (NL104) |  |  | 75.4 |  |  |  | 10.1 |  |  |  | 27.0 |

The cyanide and lime consumption for all three samples was relatively high. It is likely that the high sulfur content in all samples, particularly the float concentrates, contributed to the high cyanide consumption. The float rougher and scavenger concentrates contained 34% and 18% sulfur respectively (see Appendix F).

Note the sharp drop in cyanide concentration in the solution between 6 hours and 24 hours in both float concentrates. This corresponds to a substantial drop in pH in the same time period. For the cyanide leach on the float scavenger, the gold concentration drops between 6 and 24 hours and is likely due to the depletion of cyanide in solution overnight.

4.0 SUMMARY

Gravity alone recovered between 83 and 87% of the gold. Flotation of the gravity tails raised gold recovery to a 93%. When cyanidation is included, the gold recovery was found to be 86% as a result of incomplete leaching of the gold.

The high sulfur content of the pan tails and float products likely contributed to the high cyanide consumption.

|  | 4

Project MS1271–Resource Development

APPENDICES

|  | 5

Appendix A

Gravity + Float + Cyanidation

1 Overall Flowsheet See Appendix B & C for individual Tests

101B - 9850 - 201 Street, Langley, British Columbia

tel: 604-888-7604 · fax: 604-888-7611 · www.met-solvelabs.com

Appendix B

Gravity + Float

1 Gravity + Float Mass Balance (NL103 & NL104)

2 Gravity Balance (NL103)

3 Float Balance (NL104)

4 PSA (NL103)

101B - 9850 - 201 Street, Langley, British Columbia

tel: 604-888-7604 · fax: 604-888-7611 · www.met-solvelabs.com

| GRAVITY-FLOAT TEST REPORT |

Client: Andrew Neale |  | Date: 08-Sep-10
Test: NL103-104 |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Products | Weight | Assay (g/t) | Distribution | (%)
(g) | (%) | Au | Au
Pan Concentrate 1 | 6.80 | 0.07 | 2,584.00 | 67.3
Pan Concentrate 2 | 2.30 | 0.02 | 313.20 | 2.8
Pan Concentrate 3 | 4.90 | 0.05 | 82.06 | 1.5
Pan Tail | 268.40 | 2.65 | 9.23 | 9.5
Total L40 Concentrate | 282.40 | 2.79 | 74.96 | 81.1
Float Con | 315.26 | 3.12 | 8.96 | 10.8
Total Concentrate | 597.66 | 5.91 | 40.15 | 92.0
Float Tails | 9,522.34 | 94.09 | 0.22 | 8.0
Calculated Head | 10,120.00 | 100.00 | 2.58 | 100.0
Assayed Head |  |  | 2.52 |

| GRAVITY CONCENTRATION TEST REPORT |

Client: Andrew Neale |  | Date: 08-Sep-10
Test: NL103 |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Products | Weight | Assay (g/t) | Distribution | (%)
(g) | (%) | Au | Au
Pan Concentrate 1 | 6.80 | 0.07 | 2,584.00 | 67.3
Pan Concentrate 2 | 2.30 | 0.02 | 313.20 | 2.8
Pan Concentrate 3 | 4.90 | 0.05 | 82.06 | 1.5
Pan Tails | 268.40 | 2.65 | 9.23 | 9.5
Total L40 Concentrate | 282.40 | 2.79 | 74.96 | 81.1
L40 Tails | 9,837.60 | 97.21 | 0.50 | 18.9
Calculated Head | 10,120.00 | 100.00 | 2.58 | 100.0
Assayed Head |  |  | 2.52 |

| FLOTATION TEST REPORT |

Client: Andrew Neale |  | Date: 13-Sep-10
Test: NL104 |  | Project: MS1271
Sample: NL103 gravity tails |  |

Pulp Density | 32.9% | Float Cell | 25 litres | Speed 1,030 & 930 rpm
Products | Weight | Assay (g/t) | Distribution (%)
(g) | (%) | Au | Ag * | S (%) | Au | Ag * | S (%)
Rougher Con | 140.9 | 1.62 | 10.56 | 91.90 | 34.55 | 34.3 | 53.9 | 46.7
Scavenger Con | 137.2 | 1.58 | 7.32 | 38.00 | 17.90 | 23.1 | 21.7 | 23.5
Total Con & Scav | 278.1 | 3.2 | 8.96 | 65.31 | 26.34 | 57.4 | 75.5 | 70.2
Tails | 8,400.0 | 96.80 | 0.22 | 0.70 | 0.37 | 42.6 | 24.5 | 29.8
Calculated Head | 8,678.1 | 100.0 | 0.50 | 2.77 | 1.20 | 100.0 | 100.0 | 100.0
Assayed Head |  | 0.31 | 4.85 | 1.09 |

Stage | Time (min) | Reagents added, grams per tonne | Time (minutes) | pH
PAX | CuSO4 |  | MIBC | TF250 | Cond. | Float
Initial | 0 |  |  |  |  |  |  |  |
Re-pulp | 0 |  |  |  |  |  |  |  |
Conditoner | 3 | 12 |  |  |  |  | 3 |  | 3.5
Stage 1 | 11 |  |  |  | 33 |  |  | 8 | 3.6
Conditoner | 17 |  | 115 |  |  |  | 6 |  | 3.6
Stage 2 | 27 | 12 |  |  | 12 |  |  | 10 | 3.7
Conditoner | 27 |  |  |  |  |  |  |  |
Stage 3 | 27 |  |  |  |  |  |  |  |
Conditoner | 27 |  |  |  |  |  |  |  |
Stage 4 | 27 |  |  |  |  |  |  |  |
Total | 27 | 23 | 115 | 0 | 45 | 0 | 9 | 18 |

* Ag assayed by ICP, which is not accruate for high grades; mass balance done only to give an indication of recovery. Rougher con only used higher silver value as it gave better agreement to assayed head

| PARTICLE SIZE ANALYSIS |

Client: Andrew Neal |  | Date: 9-Sep-10
Test: NL103 Screen ground (9 minutes, full rods, 46% pulp density) |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Sieve | Size | Weight | Cummulative | (%) |  | Rosin-Rammler Model
US Mesh | Microns | (g) | (%) | Retained | Passing |  | Size (um) | Passing P (%)
|  |  |  |  |  |  | 139 | 80
8 | 2,360 | 0.0 |  |  |  |  | 59 | 50
12 | 1,700 | 0.0 |  |  |  |  |  |
16 | 1,180 | 0.0 |  |  |  |  | Linear Interpolation
20 | 850 | 0.0 |  |  |  |  | Size (um) | Passing P (%)
30 | 600 | 0.0 |  |  |  |  | 144 | 80
40 | 425 | 1.0 | 0.64 | 0.64 | 99.36 |  | 52 | 50
50 | 300 | 1.8 | 1.14 | 1.78 | 98.22 |  |
70 | 212 | 8.9 | 5.66 | 7.44 | 92.56 |  |
100 | 150 | 17.1 | 10.87 | 18.31 | 81.69 |  |
140 | 106 | 18.9 | 12.02 | 30.32 | 69.68 |  |
200 | 75 | 21.5 | 13.67 | 43.99 | 56.01 |  |
270 | 53 | 7.4 | 4.70 | 48.70 | 51.30 |  |
400 | 37 | 27.9 | 17.74 | 66.43 | 33.57 |  |
Undersize | -37 | 52.8 | 33.57 | 100.00 |  |  |
TOTAL: | 157.3 | 100.0 |  |  |

Appendix C

Cyanidation

| 1 | Cyanidation on Pan Tail (NL105)

| 2 | Cyanidation on Float Rougher (NL106)

| 3 | Cyanidation on Float Scavenger (NL105)

101B - 9850 - 201 Street, Langley, British Columbia

tel: 604-888-7604 · fax: 604-888-7611 · www.met-solvelabs.com

| CYANIDATION TEST REPORT |

Client: Andrew Neale |  | Date: 21-Sep-10
Test: NL105: Cyanidation on NL103 combined Pan Tail |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Products / Time | Weight (g) | Assay (ppm) | Distribution (%)
Au | Au
1 hour 3 hours 6 hours 24 hours Residue | 458.7 443.0 418.7 393.4 99.3 | 0.66 1.20 1.54 1.50 0.44 | 42.9 76.8 97.0 93.8 6.2
Calculated Head Assayed Head | 99.8 | 7.07 9.23 | 100.0

Test Condition:

Time (hours) | pH | Lime (g) added | (10%) (kg/t) | [g/L] | NaCN (g) added | (kg/t) | DOA (mg/l)
0 | 3.87 →10.54 | 7.30 | 7.31 | 1.00 | 0.45 | 4.51 | 9.77
1 | 11.37 |  | 7.31 | 0.78 | 0.10 | 5.51 | 7.94
3 | 11.38 |  | 7.31 | 1.02 |  | 5.51 | 7.39
6 | 11.15 |  | 7.31 | 0.98 |  | 5.51 | 6.81
24 | 10.33 |  | 7.31 | 0.82 |  | 5.51 | 7.88

Solids: Iniitial Solution: Solids: | 99.8 g 450.8 g 18 % | - ~100g composite sample repulped to 15-20% solids - adjusted to pH 10.5 and placed on roller for 1 hour prior to start - initially added 1.0 g/L NaCN and maintained
Initial NaCN: | 1.0 g/L | - sampled at 1, 3, 6 hours
Target pH: | 10.5 | - test ended after 24 hours
Test Duration: | 24 hours | - solution and solids fire-assayed for Au content;

NL105-7 Cyanidation - NL105 Pan Tail

| CYANIDATION TEST REPORT |

Client: Andrew Neale |  | Date: 21-Sep-10
Test: NL106: Cyanidation on NL104 Float Concentrate |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Products / Time | Weight (g) | Assay (ppm) | Distribution (%)
Au | Au
1 hour 3 hours 6 hours 24 hours Residue | 584.7 560.7 538.9 510.6 98.6 | 0.66 1.01 1.32 1.50 1.55 | 38.8 58.5 75.4 84.6 15.4
Calculated Head | 99.5 | 10.00 10.09 | 100.0

Test Condition:

Time (hours) | pH | Lime (g) added | (10%) (kg/t) | [g/L] | NaCN (g) added | (kg/t) | DOA (mg/l)
0 | 3.36 | 10.50 | 19.80 | 19.90 | 1.00 | 0.45 | 4.52 | 6.22
1 | 9.68 | 10.52 | 3.00 | 22.91 | 0.63 | 0.17 | 6.23 | 7.81
3 | 10.55 |  | 22.91 | 0.63 | 0.18 | 8.04 | 7.93
6 | 10.38 | 10.50 | 0.50 | 23.42 | 0.67 | 0.15 | 9.55 | 7.01
24 | 8.24 |  | 23.42 | 0.39 |  | 9.55 | 6.15

Solids: Iniitial Solution: Solids: | 99.5 g 450.3 g 18 % | - ~100g composite sample repulped to 15-20% solids - adjusted to pH 10.5 and placed on roller for 1 hour prior to start - initially added 1.0 g/L NaCN and maintained
Initial NaCN: | 1.0 g/L | - sampled at 1, 3, 6 hours
Target pH: | 10.5 | - test ended after 24 hours
Test Duration: | 24 hours | - solution and solids fire-assayed for Au content;

NL105-7 Cyanidation - NL106 Float Con 1

| CYANIDATION TEST REPORT |

Client: Andrew Neale |  | Date: 21-Sep-10
Test: NL107: Cyanidation on NL104 Float Scavenger |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Products / Time | Weight (g) | Assay (ppm) | Distribution (%)
Au | Au
1 hour 3 hours 6 hours 24 hours Residue | 592.5 575.1 555.8 535.1 102.0 | 0.40 0.54 0.73 0.68 1.27 | 45.0 60.4 80.5 75.4 24.6
Calculated Head Assayed Head | 102.4 | 5.14 7.32 | 100.0

Test Condition:

Time (hours) | pH | Lime (g) added | (10%) (kg/t) | [g/L] | NaCN (g) added | (kg/t) | DOA (mg/l)
0 | 3.30 →10.51 | 26.00 | 25.39 | 1.00 | 0.45 | 4.39 | 7.02
1 | 9.96 →10.60 | 1.60 | 26.95 | 0.39 | 0.27 | 7.03 | 7.83
3 | 10.56 |  | 26.95 | 0.59 | 0.19 | 8.89 | 7.82
6 | 10.50 |  | 26.95 | 0.74 | 0.12 | 10.06 | 6.94
24 | 8.64 |  | 26.95 | 0.20 |  | 10.06 | 5.50

Solids: Iniitial Solution: Solids: | 102.4 g 450.0 g 19 % | - ~100g composite sample repulped to 15-20% solids - adjusted to pH 10.5 and placed on roller for 1 hour prior to start - initially added 1.0 g/L NaCN and maintained
Initial NaCN: | 1.0 g/L | - sampled at 1, 3, 6 hours
Target pH: | 10.5 | - test ended after 24 hours
Test Duration: | 24 hours | - solution and solids fire-assayed for Au content;

NL105-7 Cyanidation - NL107 Float Con 2

Appendix D

Initial Gravity Test

1 Gravity Mass Balance (NL102)

2 Screen Analysis

3 Particle Size Analysis

101B - 9850 - 201 Street, Langley, British Columbia

tel: 604-888-7604 · fax: 604-888-7611 · www.met-solvelabs.com

| GRAVITY CONCENTRATION TEST REPORT |

Client: Andrew Neal |  | Date: 17-Aug-10
Test: NL102 |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Products | Weight | Assay (g/t) | Distribution | (%)
(g) | (%) | Au | Au
Pan Concentrate 1 | 6.57 | 0.07 | 1,705.00 | 40.2
Pan Tail 1 | 103.33 | 1.04 | 12.93 | 4.8
L40 Concentrate 1 | 109.90 | 1.10 | 114.08 | 45.0
Pan Concentrate 2 | 3.51 | 0.04 | 1,636.00 | 20.6
Pan Tail 2 | 93.53 | 0.94 | 8.06 | 2.7
L40 Concentrate 2 | 97.04 | 0.97 | 66.94 | 23.3
Pan Concentrate 3 | 2.24 | 0.02 | 1,781.00 | 14.3
Pan Tail 3 | 86.41 | 0.87 | 13.40 | 4.2
L40 Concentrate 3 | 88.65 | 0.89 | 58.06 | 18.5
Total L40 Concentrate | 295.59 | 2.96 | 81.81 | 86.8
L40 Tails | 9,679.51 | 97.04 | 0.38 | 13.2
Calculated Head | 9,975.10 | 100.00 | 2.79 | 100.0
Screen Cal. Head |  |  | 2.80 |
Assayed Head (average) | 10,090.00 |  | 2.52 |

| SIZE BY SIZE ASSAY |

Client: Andrew Neale |  | Date: 20-Aug-10
Test: NL102 Screen of Gravity Tails |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Precious Metals | Weight | Au
Tyler Mesh | Microns | (g) | (%) | (g/t) | Dist'n (%)
8 | 2,360 |  |  |  |
12 | 1,700 |  |  |  |
16 | 1,180 |  |  |  |
20 | 850 |  |  |  |
30 | 600 |  |  |  |
40 | 425 |  |  |  |
50 | 300 |  |  |  |
70 | 212 | 7.8 |  |  |
100 | 150 | 33.6 | 1.26 | 0.79 | 2.8
140 | 106 | 75.4 | 5.41 | 0.21 | 3.2
200 | 75 | 64.9 | 12.15 | 0.33 | 11.3
270 | 53 | 130.4 | 10.46 | 0.78 | 22.9
400 | 37 | 31.9 | 21.02 | 0.39 | 23.0
-400 | -37 | 276.5 | 5.14 | 0.38 | 5.5
|  |  | 44.56 | 0.25 | 31.3
| NET: | 620.5 | 100.00 | 0.36 | 100.0
Assayed Tails 1: |  |  | 0.43 |
Assayed Tails 2: |  |  | 0.35 |

| PARTICLE SIZE ANALYSIS |

Client: Andrew Neale |  | Date: 20-Aug-10
Test: NL102 Screen of Gravity Tails |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Sieve | Size | Weight | Cummulative | (%) |  | Rosin-Rammler Model
US Mesh | Microns | (g) | (%) | Retained | Passing |  | Size (um) | Passing P (%)
|  |  |  |  |  |  | 100 | 80
8 | 2,360 |  |  |  |  |  | 47 | 50
10 | 2,000 |  |  |  |  |  |
16 | 1,180 |  |  |  |  |  | Linear Interpolation
20 | 850 |  |  |  |  |  | Size (um) | Passing P (%)
30 | 600 |  |  |  |  |  | 103 | 80
40 | 425 |  |  |  |  |  | 53 | 50
50 | 300 |  |  |  |  |  |
70 | 212 | 7.8 | 1.26 | 1.26 | 98.74 |  |
100 | 150 | 33.6 | 5.41 | 6.67 | 93.33 |  |
140 | 106 | 75.4 | 12.15 | 18.82 | 81.18 |  |
200 | 75 | 64.9 | 10.46 | 29.28 | 70.72 |  |
270 | 53 | 130.4 | 21.02 | 50.30 | 49.70 |  |
400 | 37 | 31.9 | 5.14 | 55.44 | 44.56 |  |
Undersize | -53 | 276.5 | 44.56 | 100.00 |  |  |
TOTAL: | 620.5 | 100.00 |  |  |

Appendix E

Head Screen

1 Particle Size Analysis on Crushed Head (NL101)

2 Screen Analysis Crushed Head

101B - 9850 - 201 Street, Langley, British Columbia

tel: 604-888-7604 · fax: 604-888-7611 · www.met-solvelabs.com

| SIZE BY SIZE ASSAY |

Client: Andrew Neale |  | Date: 16-Aug-10
Test: NL101 Screen Analysis |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Precious Metals | Weight | Au
Tyler Mesh | Microns | (g) | (%) | (g/t) | Dist'n (%)
8 12 16 20 30 40 50 70 100 140 200 270 400 -400 | 2,360 1,700 1,180 850 600 425 300 212 150 106 75 53 37 -37 | 117.5 50.5 94.6 41.7 31.1 26.6 16.7 16.8 12.9 20.9 12.6 9.2 6.4 50.4 | 23.13 9.94 18.63 8.21 6.12 5.24 3.29 3.31 2.54 4.11 2.48 1.81 1.26 9.92 | 2.21 1.56 2.79 1.92 1.14 7.64 2.78 1.76 1.81 11.63 4.43 2.26 2.04 1.26 | 18.3 5.6 18.6 5.7 2.5 14.3 3.3 2.1 1.6 17.2 3.9 1.5 0.9 4.5
| NET: | 507.9 | 100.00 | 2.79 | 100.0
Assayed Head 1: Assayed Head 2: Assayed Head 1 (dup): |  |  | 2.80 |
|  | 1.83 |
|  | 2.92 |

| PARTICLE SIZE ANALYSIS |

Client: Andrew Neale |  | Date: 16-Aug-10
Test: NL101 Screen Analysis |  | Project: MS1271
Sample: Composit of Resource Development Inc, received Aug 13/10 |  |

Sieve | Size | Weight | Cummulative | (%) |  | Rosin-Rammler Model
US Mesh | Microns | (g) | (%) | Retained | Passing |  | Size (um) | Passing P (%)
8 | 2,360 | 117.5 | 23.13 | 23.13 | 76.87 |  | 3,671 | 80
10 | 2,000 | 50.5 | 9.94 | 33.08 | 66.92 |  | 1,062 | 50
16 | 1,180 | 94.6 | 18.63 | 51.70 | 48.30 |  |
20 | 850 | 41.7 | 8.21 | 59.91 | 40.09 |  | Linear Interpolation
30 | 600 | 31.1 | 6.12 | 66.04 | 33.96 |  | Size (um) | Passing P (%)
40 | 425 | 26.6 | 5.24 | 71.27 | 28.73 |  | #N/A | 80
50 | 300 | 16.7 | 3.29 | 74.56 | 25.44 |  | 1,255 | 50
70 | 212 | 16.8 | 3.31 | 77.87 | 22.13 |  |
100 | 150 | 12.9 | 2.54 | 80.41 | 19.59 |  |
140 | 106 | 20.9 | 4.11 | 84.52 | 15.48 |  |
200 | 75 | 12.6 | 2.48 | 87.01 | 12.99 |  |
270 | 53 | 9.2 | 1.81 | 88.82 | 11.18 |  |
400 | 37 | 6.4 | 1.26 | 90.08 | 9.92 |  |
Undersize | -53 | 50.4 | 9.92 | 100.00 |  |  |
TOTAL: | 507.9 | 100.0 |  |  |

Appendix F

Assays

1 Assay Summary

101B - 9850 - 201 Street, Langley, British Columbia

tel: 604-888-7604 · fax: 604-888-7611 · www.met-solvelabs.com

| MS1271 Assay Summary |

Sample Name | Sample Description | ICP Ag ppm | ICP Al % | ICP As ppm | ICP Ba ppm | ICP Be ppm | ICP Bi ppm | ICP Ca % |  | ICP Cd ppm | ICP Co ppm | ICP Cr ppm | ICP Cu ppm | ICP Fe % | ICP Hg ppm | ICP K % | ICP La ppm | ICP Mg % | ICP Mn ppm | ICP Mo ppm | ICP Na % | ICP Ni ppm | ICP P % | ICP Pb ppm | ICP S % | ICP Sb ppm | ICP Sc ppm | ICP Sr ppm | ICP Th ppm | ICP Ti % | ICP Tl ppm | ICP U ppm | ICP V ppm | ICP W ppm | ICP Zn ppm | ICP Zr ppm
82944 | Head | 4.3 | 1.23 | 159 | 57 | <0.5 | <5 | 0.13 |  | 23 | 16 | 62 | 116 | 3.9 | <1 | 0.09 | 15 | 0.87 | 497 | 3 | 0.01 | 44 | 0.07 | 101 | 1.32 | 7 | 2 | 6 | 8 | 0.02 | <10 | <10 | 38 | 17 | 1,275 | 1
82945 | Head (duplicate) | 3.9 | 1.16 | 165 | 54 | <0.5 | <5 | 0.12 |  | 15 | 15 | 58 | 110 | 3.7 | <1 | 0.08 | 14 | 0.85 | 477 | 3 | <0.01 | 44 | 0.07 | 68 | 1.24 | 6 | 2 | 6 | 7 | 0.02 | <10 | <10 | 36 | 14 | 895 | 1
82944 | Head (duplicate) | 4.3 | 1.21 | 153 | 58 | <0.5 | <5 | 0.13 |  | 24 | 15 | 62 | 133 | 4.0 | <1 | 0.09 | 15 | 0.88 | 497 | 3 | 0.01 | 44 | 0.07 | 94 | 1.38 | 7 | 2 | 6 | 8 | 0.02 | <10 | <10 | 38 | 19 | 1,356 | 1
83117 | Gravity Tails (NL102) | 4.0 | 1.29 | 143 | 82 | <0.5 | <5 | 0.13 |  | 12 | 12 | 304 | 77 | 3.7 | <1 | 0.16 | 15 | 0.89 | 565 | 6 | 0.01 | 138 | 0.09 | 71 | 1.01 | 11 | 2 | 6 | 7 | 0.03 | <10 | <10 | 44 | 11 | 699 | 1
83117 | Tails (duplicate) | 3.5 | 1.23 | 138 | 81 | <0.5 | <5 | 0.13 |  | 12 | 11 | 296 | 74 | 3.6 | <1 | 0.16 | 16 | 0.86 | 547 | 6 | 0.01 | 136 | 0.10 | 69 | 1.05 | 10 | 2 | 6 | 7 | 0.02 | <10 | <10 | 44 | 11 | 698 | 1
83118 | Gravity Tails (NL102) | 3.6 | 1.16 | 140 | 69 | <0.5 | <5 | 0.13 |  | 12 | 11 | 285 | 71 | 3.5 | <1 | 0.13 | 15 | 0.84 | 541 | 5 | 0.01 | 132 | 0.10 | 69 | 1.00 | 10 | 2 | 6 | 7 | 0.02 | <10 | <10 | 41 | 11 | 669 | 1
83514 | Pan Tail (NL103) | 32.8 | 1.02 | 643 | 20 | <0.5 | 12 | 0.18 |  | 26 | 38 | 427 | 155 | 5.8 | 2 | 0.04 | 10 | 0.77 | 490 | 5 | 0.01 | 234 | 0.07 | 513 | 3.01 | 16 | 1 | 11 | 6 | 0.02 | <10 | <10 | 36 | 30 | 1,516 | 2
83514 | Pan Tail (Duplicate) | 33.5 | 1.04 | 631 | 20 | <0.5 | 11 | 0.18 |  | 25 | 39 | 464 | 176 | 6.0 | 2 | 0.04 | 10 | 0.79 | 493 | 5 | 0.01 | 260 | 0.07 | 521 | 3.34 | 16 | 2 | 11 | 6 | 0.02 | <10 | <10 | 37 | 33 | 1,358 | 2
83441 | Gravity Tails (NL103) | 4.9 | 2.04 | 171 | 165 | 0.7 | <5 | 0.16 |  | 11 | 13 | 364 | 86 | 4.4 | 2 | 0.28 | 27 | 1.06 | 633 | 6 | 0.02 | 154 | 0.08 | 102 | 1.11 | 11 | 4 | 10 | 13 | 0.04 | 10 | <10 | 61 | 11 | 573 | 2
83441 | Tails (duplicate) | 4.8 | 1.96 | 165 | 154 | 0.7 | <5 | 0.16 |  | 11 | 12 | 341 | 79 | 4.3 | 2 | 0.27 | 26 | 1.03 | 624 | 6 | 0.01 | 148 | 0.08 | 98 | 1.06 | 10 | 4 | 9 | 12 | 0.03 | 10 | <10 | 57 | 11 | 546 | 2
83496 | Float Con (NL104) | 91.9 | 0.85 | 994 | 24 | <0.5 | 20 | 0.05 |  | 387 | 175 | 126 | 3,161 | 21.7 | 14 | 0.13 | 19 | 0.34 | 359 | 8 | 0.01 | 566 | 0.03 | 516 | >10.00 | 69 | 1 | 6 | 11 | 0.03 | 15 | 36 | 51 | 301 | 18,700 | 8
83496 | Float Con (duplicate) | 75.2 | 0.77 | 864 | 19 | <0.5 | 16 | 0.05 |  | 322 | 153 | 145 | 2,599 | 19.3 | 12 | 0.11 | 16 | 0.29 | 304 | 7 | 0.01 | 508 | 0.03 | 446 | >10.00 | 53 | 1 | 5 | 9 | 0.04 | 14 | 31 | 44 | 248 |  | 7
83497 | Float Scav (NL104) | 38.0 | 1.55 | 1082 | 57 | 0.5 | 10 | 0.09 |  | 202 | 105 | 96 | 639 | 14.1 | 7 | 0.19 | 33 | 0.67 | 500 | 10 | 0.01 | 241 | 0.05 | 264 | 8.80 | 27 | 3 | 9 | 16 | 0.03 | 16 | <10 | 57 | 156 | 11,200 | 5
83498 | Float Tail (NL104) | 0.7 | 1.25 | 107 | 46 | <0.5 | <5 | 0.13 |  | 3 | 7 | 176 | 38 | 2.9 | 1 | 0.06 | 15 | 0.85 | 490 | 3 | 0.01 | 73 | 0.06 | 51 | 0.37 | 5 | 2 | 7 | 8 | 0.03 | <10 | <10 | 40 | <10 | 153 | 1
83669 | CN Residue (NL105) | 4.2 | 0.99 | 686 | 22 | <0.5 | 12 | 0.38 |  | 21 | 36 | 453 | 110 | 5.7 | 2 | 0.04 | <10 | 0.69 | 466 | 4 | 0.01 | 238 | 0.07 | 497 | 3.15 | 9 | 2 | 15 | <5 | 0.02 | <10 | <10 | 33 | 15 | 1,219 | <1
83669 | CN Residue (duplicate) | 4.0 | 1 | 665 | 29 | <0.5 | 11 | 0.42 |  | 18 | 33 | 438 | 113 | 5.5 | 2 | 0.05 | 10 | 0.74 | 512 | 4 | 0.01 | 230 | 0.07 | 476 | 2.99 | 9 | 2 | 16 | <5 | 0.02 | <10 | <10 | 34 | <10 | 1,048 | <1
83670 | CN Residue (NL106) | 26.3 | 1.03 | 919 | 39 | <0.5 | 23 | 0.44 |  | 382 | 188 | 179 | 2,776 | 25.0 | 15 | 0.19 | 21 | 0.30 | 393 | 5 | 0.03 | 575 | 0.04 | 517 | 20.20 | 75 | 2 | 17 | 8 | 0.05 | <10 | 10 | 28 | 97 | 22,500 | <1
83671 | CN Residue (NL107) | 9.9 | 1.8 | 1003 | 100 | 0.6 | 13 | 0.79 |  | 209 | 106 | 314 | 572 | 16.3 | 8 | 0.27 | 37 | 0.65 | 560 | 9 | 0.05 | 324 | 0.06 | 254 | 12.40 | 34 | 4 | 28 | 14 | 0.07 | <10 | <10 | 50 | 39 | 12,300 | 1

Solution Assays

Sample Name | Sample Description | ICP Ag µg/ml | ICP Al µg/ml | ICP As µg/ml | ICP B µg/ml | ICP Ba µg/ml | ICP Be µg/ml | ICP Bi µg/ml | ICP Ca µg/ml | ICP Cd µg/ml | ICP Co µg/ml | ICP Cr µg/ml | ICP Cu µg/ml | ICP Fe µg/ml | ICP Hg µg/ml | ICP K µg/ml | ICP La µg/ml | ICP Mg µg/ml | ICP Mn µg/ml | ICP Mo µg/ml | ICP Ni µg/ml | ICP P µg/ml | ICP Pb µg/ml | ICP S µg/ml | ICP Sb µg/ml | ICP Sc µg/ml | ICP Sr µg/ml | ICP Th µg/ml | ICP Ti µg/ml | ICP Tl µg/ml | ICP U µg/ml | ICP V µg/ml | ICP W µg/ml | ICP Zn µg/ml | ICP Zr µg/ml
83597 | Final Sol (NL105) | 19.4 | 1 | <0.5 | <1 | <1 | <0.05 | <0.5 | 15 | <0.1 | 0.1 | <0.1 | 4 | 16.6 | 0.1 | 4 | <0.1 | 1.00 | <0.5 | <0.5 | 0.3 | <1 | <0.5 | 283 | <0.5 | <0.1 | 0.1 | <1 | <1 | <1 | <0.5 | <0.1 | <1 | 3 | <0.1
83601 | Final Sol (NL106) | 36.6 | <1 | <0.5 | <1 | <1 | <0.05 | <0.5 | 607 | <0.1 | 0.4 | <0.1 | 44 | 7.0 | <0.1 | 8 | <0.1 | 8.00 | <0.5 | <0.5 | 1.9 | <1 | <0.5 | 1,548 | <0.5 | <0.1 | 1.4 | <1 | <1 | <1 | <0.5 | <0.1 | <1 | 17 | <0.1
83605 | Final Sol (NL107) | 16.5 | <1 | <0.5 | <1 | <1 | <0.05 | <0.5 | 408 | 0.1 | 0.3 | <0.1 | 25 | 9.6 | 0.1 | 4 | <0.1 | 6.00 | <0.5 | <0.5 | 1.1 | <1 | <0.5 | 1,377 | <0.5 | <0.1 | 1 | <1 | <1 | <1 | <0.5 | <0.1 | <1 | 13 | <0.1

Sample Name | Sample Description | F.A. Au g/t | F.A. Ag g/t | Leco S %
82944 | Head | 2.80 | 5.0 | 1.71
82945 | Head (duplicate) | 1.83 | 4.3 | 1.65
82944 | Head (duplicate) | 2.92 | 4.7 | 1.68
83117 | Gravity Tails (NL102) | 0.43 |  |
83118 | Gravity Tails (NL102) | 0.35 |  |
83514 | Pan Tail (NL103) | 8.82 |  |
83514 | Pan Tail (Duplicate) | 9.63 |  |
83441 | Gravity Tails (NL103) | 0.35 |  |
83441 | Tails (duplicate) | 0.27 |  |
83496 | Float Con (NL104) | 10.09 |  | 34.4
83496 | Float Con (duplicate) | 11.03 | 34.7
83497 | Float Scav (NL104) | 7.32 | 17.9
83498 | Float Tail (NL104) | 0.22 |
83669 | CN Residue (NL105) | 0.43 |  |
83669 | CN Residue (duplicate) | 0.45
83670 | CN Residue (NL106) | 1.55
83671 | CN Residue (NL107) | 1.27
83597 | Final Sol (NL105) | 1.50 |  |
83601 | Final Sol (NL106) | 1.50
83605 | Final Sol (NL107) | 0.68