Pachapaqui Mine Developed Peruvian Silver – Base Metal Mine
Overview <ul><li>Substantial underground workings </li></ul><ul><ul><li>proven & probable reserves of 8 million ounces sil...
History <ul><li>Mine operated from 1981 to 1994 </li></ul><ul><li>1.6 million tonnes mined with a grade of: </li></ul><ul>...
Pachapaqui Mine  Location  Map The Pachapaqui Minesite is located near the town of Pachapaqui, Peru, 240 kms north of Lima...
Pachapaqui Mining Claims 48 claim blocks 2,537 Hectares Annual renewal Secure titles
Developed Zones Proven and Probable Reserves Only two exploration holes on the five zones. Holes drilled at Requiza inters...
 
Projected Economic Parameters NSR     US $63.56/tonne Cash Operating Cost:   US $39.58/tonne Net Profit :     US $23.99/to...
Mining Camp Workers’ Camp (looking north)
Mining Camp Offices and Engineers Camp (looking east)
San Martin &  San Judas Hydro Stations
<ul><li>Current Capacity = 2.5 MW </li></ul><ul><ul><li>supplies power to operations and town </li></ul></ul><ul><li>Main ...
Concentrator 800 tonne/day capacity
Pachapaqui Mining Zones
Pachapaqui Mining Zones <ul><li>Arabia and Requiza zones contain two-thirds of the proven and probable reserves </li></ul>...
 
Arabia Zone <ul><li>Located in NW limb of Pachapaqui syncline </li></ul><ul><li>Consists of E-W and NW-SE trending breccia...
Arabia Zone  Potential
Arabia Zone Potential  Historical Ore Development: 3,458 t/vertical m. 200 m depth = 691,600 tonnes at 9.5 oz/tonne = 6,57...
Riqueza Vein Potential 4280 level  Additional  9,000,000 Silver oz 4000 level  Additional  6,500,000 Silver oz Current 466...
Riqueza Mining Zone <ul><li>Located in NE flank of Pachapaqui syncline </li></ul><ul><li>Consists of E-W trending vertical...
Sinchi Roc h a Mining Zone
Sinchi Roca Mining Zone <ul><li>1-2 meter wide base metal vein </li></ul><ul><ul><li>sub parallel to a fault zone associat...
Mantos Mining  Zone
<ul><li>Four Mantos or bedded type replacement bodies </li></ul><ul><ul><li>Providencia, Matter, Intermedio and Esperanza ...
San Antonio Zones
<ul><li>Consists of two principle veins </li></ul><ul><li>Trending 80  0  and 330  0   -  Strike 500m </li></ul><ul><li>Sa...
Pachapaqui Mine:  Total Silver Ounces Silver   Ounces Proven and Probable 7,653,436 Measured and Indicated  24,882,530 Sub...
The Town of Pachapaqui
Laboratory & Analytical Analysis
Fines Stock Pile and Ball Mill
Lead Flotation Cells Zinc Flotation Cells Recoveries 80 % Pb Grade  52 % Ag Grade 80-100 oz/t Recoveries  83  % Zn Grade  ...
Copper Flotation Cells Recoveries 45% Cu Grade 26% Ag Grade 300oz/t
800 tpd Mill National power grid
Requiza Camp
Arabia Deposit
Valuation Parameters <ul><li>Public Market Multiples </li></ul><ul><ul><li>Market Capitalization per ounce (MC/oz) of silv...
Pachapaqui Mine:  Operating Costs Average Value of Ore  $63.56/tonne Mine Operating Cost:    $??/tonne Mill Operating Cost...
Ken Booth Brian Flower President and CEO, Director Chief Financial Officer, Director Philip Jamieson Greg Peebles Director...
George Babcock Steve Babcock Senior Consultant, Peru Vice President, Operations Alfonso Brazzini Director
Pachapaqui Mine Developed Peruvian Silver – Base Metal Mine
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Pachapaqui2 June

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  • Pachapaqui2 June

    1. 1. Pachapaqui Mine Developed Peruvian Silver – Base Metal Mine
    2. 2. Overview <ul><li>Substantial underground workings </li></ul><ul><ul><li>proven & probable reserves of 8 million ounces silver + lead, zinc, copper </li></ul></ul><ul><li>43 million oz. silver resource </li></ul><ul><li>Little or no exploration conducted </li></ul><ul><ul><li>many zones remain open </li></ul></ul><ul><li>Fully operational 800 tpd mill </li></ul><ul><li>Good infrastructure – power and road </li></ul><ul><li>Hydro power generation plants on-site </li></ul>
    3. 3. History <ul><li>Mine operated from 1981 to 1994 </li></ul><ul><li>1.6 million tonnes mined with a grade of: </li></ul><ul><ul><li>Silver - 9.9 oz/tonne, Lead - 2.1%, Zinc - 3.0%, Copper - 0.61% </li></ul></ul><ul><li>Mine reopened in 1997 - production to 2004 of 106,000 tonnes averaging: </li></ul><ul><ul><li>Silver - 6.55 oz/tonne, Lead - 7.51%, Zinc - 4.46%, Copper - 0.6% </li></ul></ul>
    4. 4. Pachapaqui Mine Location Map The Pachapaqui Minesite is located near the town of Pachapaqui, Peru, 240 kms north of Lima in the province of Bolognesi, department of Ancash.
    5. 5. Pachapaqui Mining Claims 48 claim blocks 2,537 Hectares Annual renewal Secure titles
    6. 6. Developed Zones Proven and Probable Reserves Only two exploration holes on the five zones. Holes drilled at Requiza intersected mineralization 200 metres below workings. Zone Ag oz/tonne %PB %Zn %Cu Tonnes Arabia 9.74 7.05 7.73 0.86 237,280 Riqueza 21.04 2.67 4.37 1.61 191,790 Sinchi Rocha 5.54 6.96 7.73 0.90 58,053 San Antonio 6.16 7.23 5.70 1.31 91,729 Mantos 5.02 4.46 7.59 0.72 83,210 Tonnes 662,062
    7. 8. Projected Economic Parameters NSR US $63.56/tonne Cash Operating Cost: US $39.58/tonne Net Profit : US $23.99/tonne At 1000 tpd the mine will produce approx. 3.0 million ounces of silver per year. Minimal capex is required to produce at 1,000 tpd
    8. 9. Mining Camp Workers’ Camp (looking north)
    9. 10. Mining Camp Offices and Engineers Camp (looking east)
    10. 11. San Martin & San Judas Hydro Stations
    11. 12. <ul><li>Current Capacity = 2.5 MW </li></ul><ul><ul><li>supplies power to operations and town </li></ul></ul><ul><li>Main Aguaytia transmission line crosses the property </li></ul><ul><li>Possibility to upgrade plants to generate 12 MW </li></ul><ul><li>Excess power could be sold into main line </li></ul>Hydro Electric Power Generation
    12. 13. Concentrator 800 tonne/day capacity
    13. 14. Pachapaqui Mining Zones
    14. 15. Pachapaqui Mining Zones <ul><li>Arabia and Requiza zones contain two-thirds of the proven and probable reserves </li></ul><ul><li>Both zones are fully developed </li></ul><ul><li>Exploration limited to two holes on Requiza </li></ul><ul><ul><li>both holes intersected the structure 200 metres below workings </li></ul></ul><ul><ul><ul><li>grades similar to proven reserve grade </li></ul></ul></ul>
    15. 17. Arabia Zone <ul><li>Located in NW limb of Pachapaqui syncline </li></ul><ul><li>Consists of E-W and NW-SE trending brecciated veins and larger breccia bodies </li></ul><ul><li>Veins vary from 1-2 meters in width </li></ul><ul><li>Breccia bodies up to 25 x 15 x 200 m </li></ul><ul><li>Average grade 10.71 oz/t Ag, 7.45% Zn, 6.78% Pb & 0.85% Cu. </li></ul>
    16. 18. Arabia Zone Potential
    17. 19. Arabia Zone Potential Historical Ore Development: 3,458 t/vertical m. 200 m depth = 691,600 tonnes at 9.5 oz/tonne = 6,570,200 silver ounces 400 m depth = 1,383,200 tonnes at 9.5 oz/tonne = 13,140,400 silver ounces
    18. 20. Riqueza Vein Potential 4280 level Additional 9,000,000 Silver oz 4000 level Additional 6,500,000 Silver oz Current 4660 level 4660 level 6,769,745 oz 380 meters 280 meters Total 22,269,745 Silver oz, DDH #3-96 DDH #1-96
    19. 21. Riqueza Mining Zone <ul><li>Located in NE flank of Pachapaqui syncline </li></ul><ul><li>Consists of E-W trending vertically dipping “fault-fill” `silver rich veins </li></ul><ul><li>Veins vary from 0.2-2.0 meters in width </li></ul><ul><li>Veins runs vertically from 4100 m to 4900 m </li></ul><ul><li>Average grade 22.39 oz/t Ag, 3.94% Zn, 2.33% Pb & 1.64% Cu. </li></ul>
    20. 22. Sinchi Roc h a Mining Zone
    21. 23. Sinchi Roca Mining Zone <ul><li>1-2 meter wide base metal vein </li></ul><ul><ul><li>sub parallel to a fault zone associated with a distinct synclinal axis </li></ul></ul><ul><li>Cross- faulting has produced two prominent zones or bolsonados </li></ul><ul><li>Three Pipe shaped bolsonados </li></ul><ul><ul><li>40 * 20 m, 25 * 20 m and 10 * 30 m </li></ul></ul><ul><li>Average grade 5.54 oz/t Ag, 7.73% Zn, 6.96% Pb & 0.90% Cu. </li></ul>
    22. 24. Mantos Mining Zone
    23. 25. <ul><li>Four Mantos or bedded type replacement bodies </li></ul><ul><ul><li>Providencia, Matter, Intermedio and Esperanza </li></ul></ul><ul><ul><li>1-10 meter width </li></ul></ul><ul><li>Greater widths potentially allow for bulk mining methods </li></ul><ul><li>Traced down dip 280 m </li></ul><ul><li>Average grade 5.18 oz/t Ag, 7.22% Zn, 4.57% Pb & 0.77% Cu. </li></ul>Mantos Mining Zone
    24. 26. San Antonio Zones
    25. 27. <ul><li>Consists of two principle veins </li></ul><ul><li>Trending 80 0 and 330 0 - Strike 500m </li></ul><ul><li>San Cipriano vein averages 0.8 m width </li></ul><ul><li>Average grade of 4.22 oz/t Ag, 9.28 % Zn, and 9.05 % Pb & 0.17% Cu. </li></ul><ul><li>Dona Jimena vein varies in width from 1.2-1.8 m Average grade of 7.86 oz/t Ag, 3.68% Zn, 7.28% Pb, & 1.91 % Cu </li></ul>San Antonio Veins
    26. 28. Pachapaqui Mine: Total Silver Ounces Silver Ounces Proven and Probable 7,653,436 Measured and Indicated 24,882,530 Sub Total 32,535,966 Inferred 10,807,100 Total 43,343,066
    27. 29. The Town of Pachapaqui
    28. 30. Laboratory & Analytical Analysis
    29. 31. Fines Stock Pile and Ball Mill
    30. 32. Lead Flotation Cells Zinc Flotation Cells Recoveries 80 % Pb Grade 52 % Ag Grade 80-100 oz/t Recoveries 83 % Zn Grade 54 % Ag Grade 10 oz/t
    31. 33. Copper Flotation Cells Recoveries 45% Cu Grade 26% Ag Grade 300oz/t
    32. 34. 800 tpd Mill National power grid
    33. 35. Requiza Camp
    34. 36. Arabia Deposit
    35. 37. Valuation Parameters <ul><li>Public Market Multiples </li></ul><ul><ul><li>Market Capitalization per ounce (MC/oz) of silver resource for development companies or small producers is US$0.75 – US$1.00 </li></ul></ul><ul><ul><li>MC/oz for companies with resources under 100 million ounces of silver is US$0.80 </li></ul></ul><ul><ul><li>Transaction multiples </li></ul></ul><ul><ul><ul><li>Over the last twelve months they have ranged from US$0.50 to US$1.50 per ounce of resource </li></ul></ul></ul>
    36. 38. Pachapaqui Mine: Operating Costs Average Value of Ore $63.56/tonne Mine Operating Cost: $??/tonne Mill Operating Cost: $ ??/tonne Total Project Cost: $30.69/tonne Ore Reserve and Mine Dilution = 30% Mine will produce min 2,600,000 ounces / year Silver
    37. 39. Ken Booth Brian Flower President and CEO, Director Chief Financial Officer, Director Philip Jamieson Greg Peebles Director Director Management and Directors
    38. 40. George Babcock Steve Babcock Senior Consultant, Peru Vice President, Operations Alfonso Brazzini Director
    39. 41. Pachapaqui Mine Developed Peruvian Silver – Base Metal Mine

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