Gammon Gold Announces the Strategic Option of the Venus Property Located in the Prolific Ocampo-Pinos Altos Gold and Silver Belt and Provides Update on Exploration
By Gammon Gold Inc., PRNEWednesday, May 5, 2010
TSX: GAM / NYSE: GRS / BSX: GL7
HALIFAX, Canada, May 6, 2010 - Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS): Gammon is pleased to
announce that the Company has entered into an option agreement for a 4,491
hectare block of claims north of the Ocampo Mine known as the Venus property,
from Mexicana de Cobre, S.A. de C.V. (an operating subsidiary of Grupo
Mexico, S.A. de C.V. ). This option agreement not only increases Gammon land
position by 40% in the prolific Ocampo and Pinos Altos belts, but could also
host extensions of the Pinos Altos trend. Field mapping and sampling
identified several targets for immediate follow up. A field program is
underway, and a drilling program will be launched in the fourth quarter.
Selected chip samples from individual structures sampled from surface and
underground during Gammon's initial evaluation are as follows:
-------------------------------------------------------------------------
Select Sample Results - Venus (April 2010)(1)(2)(3)
-------------------------------------------------------------------------
Sample Width Gold Silver Au eq. Structure
(m) g/t g/t (55:1)
-------------------------------------------------------------------------
V-14 2.0 2.84 8 2.99 Roncesvalle
-------------------------------------------------------------------------
V-15 1.5 4.01 41 4.76 Roncesvalle
-------------------------------------------------------------------------
V-18 0.8 2.64 6 2.75 Roncesvalle
-------------------------------------------------------------------------
V-60 1.1 4.85 35 5.48 Balleza (Surface)
-------------------------------------------------------------------------
V-61 0.6 1.46 64 2.63 Balleza (Surface)
-------------------------------------------------------------------------
V-63 1.4 1.98 31 2.54 Balleza (Surface)
-------------------------------------------------------------------------
V-82 0.9 12.70 28 13.21 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-85 1.8 1.74 58 2.79 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-86 1.1 3.57 7 3.69 La Boleta (Ext. SE)
-------------------------------------------------------------------------
(1) See Table 4 for additional 2010 sampling results
(2) The Venus surface sampling information has been reviewed by Qualified
Person, Mr. Peter Drobeck. All sample analyses for Venus were
performed by Chemex Laboratories, based in Vancouver, British
Columbia, using standard fire assay procedures. True widths have not
been calculated.
(3) Metallurgical recoveries and net smelter returns are assumed to be
100%
In addition to continued advances of building an expanded exploration
pipeline, Gammon is pleased to provide an update on its exploration
activities in Mexico. At Ocampo, work in the past month has discovered
high-grade extensions to the San Amado Vein at depth, intersected high-grade
mineralization in the Santa Juliana Vein, discovered high-grade
mineralization at a new target area known as Molinas SW, and delineated
high-grade mineralization in the Picacho and Conico open pits. Drilling at
the El Cubo mine has discovered gold-silver mineralization on the South
Villalpando target area, 800 metres south of any past mining or drilling and
continues to identify encouraging vein widths and grades at the new
discovery, the Puertocito target. Work on the new Mezquite project is
progressing on schedule. The Company has completed a ground magnetic survey
and expects to complete an IP program during the month of May.
"The addition of the Venus property into our growing project portfolio is
a testament to the Company's ability to continually seek business
opportunities that could further augment our long-term growth strategy in
North America. Additionally, we are very pleased to have a new business
relationship with Mexico's largest mining company, Grupo Mexico in addition
to continuing our strong partnership with Penoles at El Cubo." stated Peter
Drobeck, Senior Vice President of Exploration and Business Development. He
continued, "The Company's exploration program continues to deliver positive
results at all our properties including new discoveries. Our efforts for the
balance of 2010 will be focused on follow up drilling at recently identified
targets, ongoing development at our key targets and launching strategic
programs at our newly acquired projects, Venus and Mezquite."
"At Ocampo, we have significantly advanced the development of our second
underground mine, Santa Eduviges. In the past two months, we have completed
357 meters of access development and anticipate accessing development ore by
early Q3. In addition, we will be completing open pit and underground designs
on the Las Molinas discovery and we have commenced the development of the
high-grade Belen vein discovery. At El Cubo, plans include the development of
the Dolores/Capulin discoveries during the third quarter with a target of
accessing ore by early 2011." stated Chris Bostwick, Senior Vice President of
Technical Services. "The success of our exploration program in the past two
quarters has positioned the company well to increase reserves and resources
in 2010 as all of these projects are exclusive of the 2009 year end reserves
and resources that was released on March 30, 2010"
OCAMPO EXPLORATION UPDATE
————————————————————————-
From January 1 to April 30, 2010, the Company has completed 165 holes and
33,005 metres of drilling, divided into 95 holes for 18,027 metres of
underground drilling and 70 holes for 14,978 metres in surface drilling.
2010 Ocampo Drilling Program
-------------------------------------------------------------------------
Area Drilled Metres Planned Metres
-------------------------------------------------------------------------
Underground Drilling 18,027 30,000
-------------------------------------------------------------------------
In-pit Drilling 909 4,800
-------------------------------------------------------------------------
New Target Drilling 14,069 35,500
-------------------------------------------------------------------------
Total Metres 33,005 70,300
At Ocampo, work completed in April has identified high-grade extensions
to the San Amado Vein at depth, intersected high-grade mineralization in the
Santa Juliana vein, discovered high-grade mineralization at the new Molinas
SW target, and delineated high-grade mineralization in the Picacho and Conico
Open Pits. (Table 1)
Ocampo Underground
————————————————————————-
The Company continues drilling in the Underground Mine with three core
rigs currently operating and a fourth being mobilized. The best results have
been from the San Amado and Belen (San Jose) Veins in the NE Underground
Mine. Five holes drilled from the main 1611 level intersected ore-grade
intercepts on the San Amado Vein, the best being hole OU-765 with one
intercept of 2.0 metres grading 6.68 grams per tonne gold and 727 grams per
tonne silver, or 19.89 grams per tonne gold equivalent at a gold-to-silver
ratio of 55:1. The Company continues to advance the San Amado exploration
drift along strike, with drilling stations being established as progress
continues.
There have also been nine new ore-grade drill intercepts from the
underground mine on the San Jose Vein, below the 1580 metre elevation, below
the historic Belen Mine, with the best being hole OU-750, with one intercept
of 2.2 metres grading 3.54 grams per tonne gold and 404 grams per tonne
silver, or 10.89 grams per tonne grams per tonne gold equivalent at a
gold-to-silver ratio of 55:1. Three of the Belen holes (OU-750, OU-751, and
OU-776) intersected a very well mineralized and previously unknown shear near
existing infrastructure. Based on the results of this program, a previously
undefined portion of the vein measuring approximately 110 metres in strike by
85 metres along dip now appears economical to mine and has warranted the
extension of the sublevels in this area. These results augment previously
reported results of drilling below the historic Belen Mine (Table 1). In
summary, the San Jose drilling program, including Belen, has produced
excellent results over 310 metres of strike length and 85 metres down dip.
With the advancement of the Santa Eduviges ore access ramp additional
drilling platforms are being established to further define orebody. An
additional underground drill rig has been mobilized to add to the
approximately 15,200 metres drilled between April 2009 and February 2010.
Las Molinas SW - A New Discovery
————————————————————————-
The Ocampo surface drilling program has made a new discovery of ore-grade
mineralization in the Las Molinas SW target, just north of the mill
installations. The mineralization is hosted in a complex network of veins and
will require additional drilling to determine their geometry. The best
intercepts on this target area to date were in drill hole OG-904 which had
one intercept of 3.0 metres grading 4.25 grams per tonne gold and 153 grams
per tonne silver, or 7.04 grams per tonne gold equivalent at a gold-to-silver
ratio of 55:1. Further down the same hole there was an intercept of 0.5
metres grading 9.24 grams per tonne gold and 426 grams per tonne silver, or
16.99 grams per tonne gold equivalent at a gold-to-silver ratio of 55:1.
Santa Juliana Vein Drilling
————————————————————————-
The Company also recently completed five core holes on the Santa Juliana
vein. Historical information provides some indication that this was one of
the richest veins in the district. The best intercept was drill hole OG-926
which had an intercept of 1.5 metres grading 4.89 grams per tonne gold and
608 grams per tonne silver, or 15.94 grams per tonne gold equivalent at a
gold-to-silver ratio of 55:1. Other holes completed in this area were also
highly anomalous. Based on these initial positive results the Company plans
to complete further drilling here later in the season.
Select Ocampo Drill Results
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Select Drill Results - Ocampo (April 2010)(1)(2)(3)(4)
-------------------------------------------------------------------------
Hole From(m) To (m) Length (m) Gold Silver Au eq.(55:1) Target
-------------------------------------------------------------------------
OU-773 138.4 139.2 0.8 2.94 471 11.50 Belen
-------------------------------------------------------------------------
OU-750 155.9 158.0 2.2 3.54 404 10.89 Belen
-------------------------------------------------------------------------
OU-765 92.5 94.4 2.0 6.68 727 19.89 San Amado
-------------------------------------------------------------------------
OU-768 77.0 85.0 8.0 2.06 127 4.37 San Amado
-------------------------------------------------------------------------
OG-904 31.5 34.5 3.0 4.25 153 7.04 Las
Molinas
SW
-------------------------------------------------------------------------
OG-904 87.5 88.0 0.5 9.24 426 16.99 Las
Molinas
SW
-------------------------------------------------------------------------
OG-926 117.0 118.5 1.5 4.89 608 15.94 Sta.
Juliana
-------------------------------------------------------------------------
OG-928 107.3 109.5 2.3 1.77 190 5.22 Sta.
Juliana
-------------------------------------------------------------------------
(1) See Table 1&2 for additional 2010 drill results
(2) The Ocampo surface exploration information has been reviewed by
Qualified Person, Mr. Ramon Luna. All sample analyses for Ocampo were
performed by Chemex Laboratories, based in Vancouver, British
Columbia, or in the Ocampo mine lab, using standard fire assay
procedures. True widths have not been calculated.
(3) The Ocampo underground exploration information has been reviewed by
Qualified Person, Mr. Ian Hardesty. All sample analyses for Ocampo
were performed by Chemex Laboratories, based in Vancouver, British
Columbia, or in the Ocampo mine lab, using standard fire assay
procedures. True widths have not been calculated.
(4) Metallurgical recoveries and net smelter returns are assumed to be
100%
EL CUBO EXPLORATION UPDATE
————————————————————————-
In late 2009, the Company launched a strategic exploration program at the
El Cubo mine after more than a decade of relative inactivity. The program
initially identified 16 new exploration drill targets that total over 15
kilometres of cumulative lineal strike length. Subsequent work has
prioritized these targets for a 44,000 metre drilling program. The Company
completed 11,649 metres of drilling on these targets in 2009 and an
additional 13,098 metres of drilling in 2010 for a total of 24,747 metres of
drilling. Total drilling to date has included 6,872 metres of underground
drilling and 17,875 metres of surface drilling. The Company presently has
five surface core rigs working and two underground core rigs at El Cubo.
2009-2010 Planned El Cubo Drilling Program
-------------------------------------------------------------------------
Area Drilled Metres Planned Metres
-------------------------------------------------------------------------
Underground Drilling 6,872 15,000
-------------------------------------------------------------------------
Surface Drilling 17,875 44,000
-------------------------------------------------------------------------
New Target Drilling 24,747 59,000
-------------------------------------------------------------------------
Total Metres
Drilling at El Cubo has discovered gold-silver mineralization on the
South Villalpando target area, 800 metres south of any past mining or
drilling and continues to identify encouraging vein widths and grades at the
Puertocito Target. (Table 2)
Villalpando Sur Drilling
————————————————————————-
The drilling program at El Cubo continues to demonstrate the potential of
this asset. In April, another new target zone with ore-grade values at the
Villalpando Sur target was identified for follow up work. The Villalpando Sur
is one of the largest exploration targets in El Cubo with some three (3)
lineal kilometers of untested strike length.
Recent results from two in holes in this target include:
- Hole C-531 with 2.0 metres grading 0.91 grams per tonne gold and 94
grams per tonne silver, or 2.61 grams per tonne gold equivalent at a
gold-to-silver ratio of 55:1, from 178.5 metres
- Hole C-537 with 1.5 metres grading 2.84 grams per tonne gold and 197
grams per tonne silver, or 6.43 grams per tonne gold equivalent at a
gold-to-silver ratio of 55:1, from 33.0 metres
Puertecito Target
————————————————————————-
In mid-2009, geologic mapping and compilation efforts by the Company's
geologists determined that there is a major fault structure in the north part
of the Villalpando vein system that was previously not considered a major
target. This fault, called the Puertocito Fault, may actually be the
northward continuation of the Villalpando Vein (the major vein in the
district), not the Barragana vein as was previously thought. Previous
drilling in this area was primarily angled to the southwest to test the
northeast-dipping Barragana trend - but sub-parallel to the Puertocito Fault.
New drill testing by Gammon in 2010 has now cut the Puertocito Fault at near
right-angles to its dip, and has shown that just 70 metres in the subsurface,
the structure contains classic banded epithermal veining and hydrothermal
breccia textures with local patches of sulfides - and the first drill hole in
the target returned impressive widths and grades. The Company presently has
two drill rigs working on this target. In April, drilling continued drilling
on the Puertecito target in the northern part of the district that has
identified an additional ore-grade intercept:
- Hole C-530 with 13.9 metres grading 0.71 grams per tonne gold and
12 grams per tonne silver, or 0.94 grams per tonne gold equivalent at
a gold-to-silver ratio of 55:1, from 244.0 metres
- including 1.3 metres grading 2.81 grams per tonne gold and 37 grams
per tonne silver, or 3.47 grams per tonne gold equivalent at a gold-
to-silver ratio of 55:1, from 256.6 metres
Select El Cubo Drill Results
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Select Drill Results - El Cubo (April 2010)(1)(2)(3)
-------------------------------------------------------------------------
Hole From(m) To (m) Length (m) Gold Silver Au eq.(55:1) Target
-------------------------------------------------------------------------
C-530 244.0 257.9 13.9 0.71 12 0.94 Puerte-
cito
-------------------------------------------------------------------------
Inclu- 256.6 257.9 1.3 2.81 37 3.47 Puerte-
ding cito
-------------------------------------------------------------------------
C-531 178.5 180.5 2.0 0.91 94 2.61 Villal-
pando
Sur
-------------------------------------------------------------------------
C-535 120.4 120.9 0.5 2.50 93 4.19 Puerte-
cito
-------------------------------------------------------------------------
C-537 33.0 34.5 1.5 2.84 197 6.43 Villal-
pando
Sur
-------------------------------------------------------------------------
(1) See Table 3 for additional 2010 drill results
(2) The El Cubo exploration information has been reviewed by Qualified
Person, Mr. Peter Drobeck. All sample analyses for El Cubo were
performed by SGS Laboratories, based in Mississauga, Ontario, or in
the El Cubo mine lab, using standard fire assay procedures (and with
ICP finish for samples completed at SGS). True widths have not been
calculated.
(3) Metallurgical recoveries and net smelter returns are assumed to be
100%
GUADALUPE Y CALVO EXPLORATION UPDATE
————————————————————————-
The Company has also recently signed a contract to begin drilling at its
Guadalupe y Calvo project in southern Chihuahua in an effort to extend the
known mineralization at depth and along strike from the existing
mineralization. Metallurgical testing has been initiated to support
completion of a scoping study in Q3, 2010.
MEZQUITE PROJECT EXPLORATION UPDATE
————————————————————————-
In addition to the positive results at the Company's existing projects,
Gammon has developed a new grass roots exploration program for the recently
acquired Mezquite Project in the Penasquito region. The geology of this
target consists of breccia pipes and skarns with anomalous gold-lead-zinc on
surface next to a covered valley that lies astride a major geomorphic
lineament. The Company has just completed a ground magnetic survey over the
project and is planning to begin a ground IP geophysical program in May.
These two data sets will be used to select drill holes to test this
exploration target.
Note: The Ocampo surface exploration information has been reviewed by
Qualified Person, Mr. Peter Drobeck. All sample analyses for Ocampo were
performed by Chemex Laboratories, based in Vancouver, British Columbia, or in
the Ocampo mine lab, using standard fire assay procedures. True widths have
not been calculated.
Note: The Ocampo underground exploration information has been reviewed by
Qualified Person, Mr. Ian Hardesty. All sample analyses for Ocampo were
performed by Chemex Laboratories, based in Vancouver, British Columbia, or in
the Ocampo mine lab, using standard fire assay procedures. True widths have
not been calculated.
Note: The El Cubo exploration information has been reviewed by Qualified
Person, Mr. Peter Drobeck. All sample analyses for El Cubo were performed by
SGS Laboratories, based in Mississauga, Ontario, or in the El Cubo mine lab,
using standard fire assay procedures (and with ICP finish for samples
completed at SGS). True widths have not been calculated.
This press release sets out the gold and silver grades found in the
samples taken from various targets. Not all of these targets have been
categorized as a mineral resource deposit under applicable Canadian mineral
resource reporting standards, and it is uncertain if further exploration will
result in these targets being delineated as mineral resources. The grades
encountered so far should not be taken as representative of the ore bodies in
question as there has been insufficient exploration to define a mineral
resource, and such grades may not prove representative of the deposits if and
when the same are delineated as mineral resources.
About Gammon Gold
Gammon Gold Inc. is a mid-tier gold and silver producer with properties
in Mexico. The Company's flagship Ocampo Project in Chihuahua State achieved
commercial production in January 2007. Gammon Gold also operates its El Cubo
mine in Guanajuato State and has the promising Guadalupe y Calvo development
property in Chihuahua State. The Company recently completed option purchase
agreements to acquire the Mezquite Project in Zacatecas State, Mexico and the
Venus Project located north of the Ocampo mine in Chihuahua State, Mexico.
The Company is based in Halifax, Nova Scotia with an Executive Office in
Toronto, Ontario.
Cautionary Statement
Cautionary Note to US Investors - The United States Securities and
Exchange Commission permits US mining companies, in their filings with the
SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. This press release uses certain terms, such
as "measured," "indicated," and "inferred" "resources," that the SEC
guidelines strictly prohibit US registered companies from including in their
filings with the SEC. US Investors are urged to consider closely the
disclosure in Gammon Gold's Annual Report on Form 40-F, which may be secured
from Gammon Gold, or from the SEC's website at
www.sec.gov/edgar.shtml.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
Certain statements included herein, including information as to the
future financial or operating performance of the Company, its subsidiaries
and its projects, constitute forward-looking statements. The words "believe",
"expect", "anticipate", "contemplate", "target", "plan", "intends",
"continue", "budget", "estimate", "forecast", "may", "will", "schedule" and
similar expressions identify forward-looking statements. Forward-looking
statements include, among other things, statements regarding its financial
exposure to litigation, targets, estimates and assumptions in respect of gold
and silver production and prices,, operating costs, results and capital
expenditures, mineral reserves and mineral resources and anticipated grades,
recovery rates, future financial or operating performance, margins, operating
and exploration expenditures, costs and timing of completion of the Ocampo
expansion program and improvements to the heap leach pad, costs and timing of
the development and commencement of production of new deposits, costs and
timing of construction, costs and timing of future exploration and
reclamation expenses including, anticipated 2010 results, operating
performance projections for 2009 and 2010, our ability to fully fund our
business model internally, 2010 gold and silver production and the cash and
operating costs associated therewith, the ability to achieve productivity and
operational efficiencies, the ability to access grid power at Ocampo, further
reduction in the open pit stripping ratio and the timing of each thereof.
Forward-looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive, political
and social uncertainties and contingencies. Many factors could cause the
Company's actual results to differ materially from those expressed or implied
in any forward-looking statements made by, or on behalf of, the Company. Such
factors include, among others, known and unknown uncertainties and risks
relating to additional funding requirements, reserve and resource estimates,
commodity prices, hedging activities, exploration, development and operating
risks, illegal miners, political and foreign risk, uninsurable risks,
competition, limited mining operations, production risks, environmental
regulation and liability, government regulation, currency fluctuations,
recent losses and write-downs, restrictions in the Company's loan facility,
dependence on key employees, possible variations of ore grade or recovery
rates, failure of plant, equipment or process to operate as anticipated,
accidents and labour disputes. Investors are cautioned that forward-looking
statements are not guarantees of future performance and, accordingly,
investors are cautioned not to put undue reliance on forward-looking
statements due to the inherent uncertainty therein.
TABLE 1: Ocampo Underground Drill Results 2010
-------------------------------------------------------------------------
Hole From To Length Gold Silver Gold Eq.
(m) (m) (m) (g/t) (g/t) (55:1)(1) Vein
-------------------------------------------------------------------------
OU-727(x) 21.5 22.1 0.6 2.60 3 2.66 Sta
Eduviges
-------------------------------------------------------------------------
OU-727(x) 86.1 86.6 0.5 2.22 4 2.29 Sta
Eduviges
-------------------------------------------------------------------------
OU-727(x) 89.9 90.4 0.5 2.25 39 2.95 Sta
Eduviges
-------------------------------------------------------------------------
OU-727(x) 111.0 111.5 0.5 4.26 108 6.22 Sta
Eduviges
-------------------------------------------------------------------------
OU-657 130.4 132.0 1.6 9.67 375 16.48 Belen
-------------------------------------------------------------------------
OU-661 102.5 105.0 2.5 2.01 175 5.20 Belen
-------------------------------------------------------------------------
OU-717 164.3 167.9 3.6 19.51 138 22.03 Belen
-------------------------------------------------------------------------
OU-719 138.5 149.3 10.8 6.50 803 21.11 Belen
-------------------------------------------------------------------------
OU-729(x) 132.6 134.4 1.8 1.06 206 4.81 Belen
-------------------------------------------------------------------------
OU-729(x) 136.0 138.4 2.3 0.08 145 2.72 Belen
-------------------------------------------------------------------------
OU-729(x) 140.2 141.1 0.9 0.06 121 2.26 Belen
-------------------------------------------------------------------------
OU-735(x) 149.5 151.0 1.5 1.27 99 3.07 Belen
-------------------------------------------------------------------------
OU-737A 180.2 181.8 1.6 1.17 115 3.26 Jesus
Maria
-------------------------------------------------------------------------
OU-737A(x) 190.2 190.8 0.6 3.47 45 4.29 Jesus
Maria
-------------------------------------------------------------------------
OU-744 135.2 136.2 1.0 1.04 114 3.11 Belen
-------------------------------------------------------------------------
OU-744 138.0 140.0 2.0 1.73 159 4.62 Belen
-------------------------------------------------------------------------
OU-744 142.2 142.8 0.7 3.24 303 8.75 Belen
-------------------------------------------------------------------------
OU-746(x) 63.5 67.0 3.5 1.39 99 3.19 Belen
-------------------------------------------------------------------------
OU-746(x) 125.3 125.9 0.6 2.41 158 5.28 Belen
-------------------------------------------------------------------------
OU-747 147.9 151.3 3.5 4.61 335 10.71 Belen
-------------------------------------------------------------------------
OU-748(x) 171.7 173.9 2.2 0.43 142 3.01 Belen
-------------------------------------------------------------------------
OU-750(x) 53.4 57.0 3.6 2.39 243 6.80 Belen
-------------------------------------------------------------------------
OU-750(x) 155.9 158.0 2.2 3.54 404 10.89 Belen
-------------------------------------------------------------------------
OU-751(x) 49.0 50.0 1.0 3.61 26 4.08 Belen
-------------------------------------------------------------------------
OU-755 101.0 102.2 1.3 2.86 51 3.79 Esperanza
-------------------------------------------------------------------------
OU-764(x) 80.2 87.0 6.8 2.84 148 5.54 San
Amado
-------------------------------------------------------------------------
OU-765(x) 92.5 94.4 2.0 6.68 727 19.89 San
Amado
-------------------------------------------------------------------------
OU-766(x) 73.0 74.0 1.0 1.26 68 2.50 San
Amado
-------------------------------------------------------------------------
OU-766(x) 80.4 80.9 0.5 2.18 130 4.54 San
Amado
-------------------------------------------------------------------------
OU-767(x) 78.6 79.4 0.8 5.06 144 7.68 San
Amado
-------------------------------------------------------------------------
OU-767(x) 100.5 101.3 0.8 1.10 82 2.59 San
Amado
-------------------------------------------------------------------------
OU-768(x) 77.0 85.0 8.0 2.06 127 4.37 San
Amado
-------------------------------------------------------------------------
OU-773(x) 138.4 139.2 0.8 2.94 471 11.50 Belen
-------------------------------------------------------------------------
OU-773(x) 145.9 146.6 0.8 4.67 57 5.70 Belen
-------------------------------------------------------------------------
OU-775(x) 129.5 133.7 4.3 1.41 90 3.05 Belen
-------------------------------------------------------------------------
OU-776(x) 45.0 45.9 0.9 1.12 94 2.82 Belen
-------------------------------------------------------------------------
OU-776(x) 183.4 186.6 3.2 1.75 156 4.59 Belen
-------------------------------------------------------------------------
(x) Indicates drill results not been previously released
(1) Metallurgical recoveries and net smelter returns are assumed to be
100%
Note: The Ocampo underground exploration information has been reviewed by
Qualified Person, Mr. Ian Hardesty. All sample analyses for Ocampo
were performed by Chemex Laboratories, based in Vancouver, British
Columbia, or in the Ocampo mine lab, using standard fire assay
procedures. True widths have not been calculated.
TABLE 2: Ocampo Surface Drill Results 2010
-------------------------------------------------------------------------
Hole From To Length Gold Silver Gold Eq.
(m) (m) (m) (g/t) (g/t) (55:1)(1) Vein
-------------------------------------------------------------------------
OG-865 126.6 130.1 3.5 0.36 22 0.76 San Amado
-------------------------------------------------------------------------
OG-865 141.8 144.8 3.1 0.16 59 1.24 San Amado
-------------------------------------------------------------------------
OG-865 148.8 151.9 3.1 0.43 27 0.92 San Amado
-------------------------------------------------------------------------
OG-865 178.2 180.2 2.0 0.21 24 0.64 San Amado
-------------------------------------------------------------------------
OG-866 67.0 68.7 1.7 0.86 9 1.02 La Leona
-------------------------------------------------------------------------
OG-866 106.7 107.4 0.7 1.02 41 1.77 La Leona
-------------------------------------------------------------------------
OG-866 149.7 150.3 0.6 1.06 1 1.08 La Leona
-------------------------------------------------------------------------
OG-866 173.5 174.5 1.0 0.46 52 1.40 La Leona
-------------------------------------------------------------------------
OG-867 29.0 32.0 3.0 0.70 1 0.72 La Rosita
-------------------------------------------------------------------------
OG-867 43.0 45.0 2.0 0.41 1 0.43 La Rosita
-------------------------------------------------------------------------
OG-867 47.0 48.0 1.0 0.31 2 0.34 La Rosita
-------------------------------------------------------------------------
(x)OG-868 0.0 0.0 0.0 0.00 0 0.00 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-869 81.4 83.5 2.1 1.40 9 1.57 La Leona
-------------------------------------------------------------------------
OG-869 116.8 118.8 2.0 1.11 9 1.27 La Leona
-------------------------------------------------------------------------
OG-869 124.3 125.4 1.1 1.49 24 1.93 La Leona
-------------------------------------------------------------------------
OG-869 131.0 131.5 0.5 0.53 16 0.82 La Leona
-------------------------------------------------------------------------
OG-870 93.9 95.1 1.1 0.26 3 0.31 Los Monos
-------------------------------------------------------------------------
OG-871 122.2 124.0 1.8 0.10 7 0.23 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-871 288.0 289.5 1.5 1.68 122 3.89 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-871 300.9 302.0 1.1 0.20 16 0.49 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-872 103.8 105.8 2.0 0.92 5 1.01 La Leona
-------------------------------------------------------------------------
OG-873 81.7 82.7 1.0 0.46 1 0.48 Los Monos
-------------------------------------------------------------------------
OG-874 63.6 64.1 0.5 0.36 8 0.50 La Leona
-------------------------------------------------------------------------
OG-874 95.3 95.8 0.5 7.12 154 9.92 La Leona
-------------------------------------------------------------------------
(x)OG-875 0.0 0.0 0.0 0.00 0 0.00 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-876 113.0 116.3 3.3 4.53 9 4.70 Los Monos
-------------------------------------------------------------------------
(x)OG-877 0.0 0.0 0.0 0.00 0 0.00 La Leona
-------------------------------------------------------------------------
OG-878 121.0 121.5 0.5 0.27 13 0.51 La Leona
-------------------------------------------------------------------------
OG-879 99.9 100.4 0.6 0.29 2 0.32 Los Monos
-------------------------------------------------------------------------
OG-879 104.0 107.8 3.8 0.38 1 0.40 Los Monos
-------------------------------------------------------------------------
OG-880 37.0 38.5 1.5 0.63 2 0.66 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-881 116.1 116.8 0.7 2.62 4 2.69 Los Monos
-------------------------------------------------------------------------
OG-882 83.6 86.6 3.0 0.18 12 0.39 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-882 224.0 228.3 4.3 0.47 57 1.50 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-883 47.8 56.2 8.4 0.91 5 1.00 Picacho SE
-------------------------------------------------------------------------
OG-883 81.5 84.7 3.2 5.34 132 7.74 Picacho SE
-------------------------------------------------------------------------
OG-883 95.5 96.9 1.4 0.94 2 0.97 Picacho SE
-------------------------------------------------------------------------
OG-883 99.0 102.2 3.2 0.36 57 1.41 Picacho SE
-------------------------------------------------------------------------
OG-883 103.3 104.3 1.0 2.27 87 3.85 Picacho SE
-------------------------------------------------------------------------
OG-883 109.3 109.8 0.5 0.31 2 0.34 Picacho SE
-------------------------------------------------------------------------
OG-883 112.9 115.9 3.0 0.41 5 0.51 Picacho SE
-------------------------------------------------------------------------
OG-884 55.1 55.6 0.5 5.78 24 6.22 Los Monos
-------------------------------------------------------------------------
OG-884 99.7 101.6 1.9 1.95 116 4.06 Los Monos
-------------------------------------------------------------------------
OG-886 133.5 139.3 5.8 9.01 309 14.63 Picacho SE
-------------------------------------------------------------------------
(x)OG-887 203.8 204.6 0.8 2.28 4 2.35 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-888 68.0 70.0 2.0 0.98 61 2.08 San Amado
-------------------------------------------------------------------------
OG-888 99.0 100.6 1.6 0.90 1 0.92 San Amado
-------------------------------------------------------------------------
(x)OG-889 0.0 0.0 0.0 0.00 0 0.00 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-890 12.8 16.3 3.5 0.23 19 0.58 Picacho SE
-------------------------------------------------------------------------
OG-890 21.2 28.2 7.0 0.90 87 2.49 Picacho SE
-------------------------------------------------------------------------
OG-890 29.3 32.9 3.7 13.04 11 13.25 Picacho SE
-------------------------------------------------------------------------
OG-890 50.8 58.1 7.4 0.81 37 1.49 Picacho SE
-------------------------------------------------------------------------
OG-890 66.2 70.9 4.8 0.68 23 1.10 Picacho SE
-------------------------------------------------------------------------
OG-891 0.0 18.9 18.9 1.51 51 2.45 Las
Molinas
-------------------------------------------------------------------------
OG-891 30.8 33.5 2.7 0.44 20 0.80 Las
Molinas
-------------------------------------------------------------------------
(x)OG-892 0.0 0.0 0.0 0.00 0 0.00 Altagracia
_Magdalena
-------------------------------------------------------------------------
OG-893 26.5 31.0 4.5 0.25 18 0.58 Las
Molinas
-------------------------------------------------------------------------
OG-893 45.3 72.4 27.1 1.36 44 2.16 Las
Molinas
-------------------------------------------------------------------------
(x)OG-894 0.0 0.0 0.0 0.00 0 0.00 El Rayo
-------------------------------------------------------------------------
(x)OG-894 0.0 0.0 0.0 0.00 0 0.00 El Rayo
-------------------------------------------------------------------------
(x)OG-895 9.2 10.6 1.5 39.00 264 43.80 Picacho SE
-------------------------------------------------------------------------
(x)OG-895 44.7 53.5 8.8 0.60 15 0.87 Picacho SE
-------------------------------------------------------------------------
(x)OG-895 67.3 71.2 4.0 3.46 5 3.54 Picacho SE
-------------------------------------------------------------------------
(x)OG-895 95.7 100.8 5.0 0.81 46 1.65 Picacho SE
-------------------------------------------------------------------------
(x)OG-895 109.0 113.9 5.0 0.32 11 0.52 Picacho SE
-------------------------------------------------------------------------
(x)OG-897 0.0 0.0 0.0 0.00 0 0.00 El Rayo
-------------------------------------------------------------------------
OG-898 221.8 222.8 0.9 0.48 39 1.19 El Rayo
-------------------------------------------------------------------------
(x)OG-900 23.6 61.8 38.3 0.54 34 1.16 Picacho
-------------------------------------------------------------------------
(x)OG-900 66.8 84.6 17.8 0.31 18 0.63 Picacho
-------------------------------------------------------------------------
OG-901 64.5 65.7 1.2 1.07 4 1.13 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-902 10.7 40.7 30.0 0.53 39 1.25 Picacho
-------------------------------------------------------------------------
(x)OG-904 31.5 34.5 3.0 4.25 153 7.04 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-904 35.5 36.8 1.3 1.10 1 1.12 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-904 87.5 88.0 0.5 9.24 426 16.99 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-908 29.7 33.4 3.7 0.55 5 0.64 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-908 53.0 54.0 1.0 2.85 52 3.80 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-908 139.2 141.4 2.3 0.55 1 0.58 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-909 51.8 54.0 2.2 2.87 179 6.13 Altagracia
_El Risco
-------------------------------------------------------------------------
(x)OG-910 36.0 43.8 7.8 1.95 43 2.74 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-910 163.5 179.0 15.5 0.30 7 0.43 Las
Molinas SW
-------------------------------------------------------------------------
(x)OG-911 58.7 67.5 8.8 0.97 143 3.57 Altagracia
_El Risco
-------------------------------------------------------------------------
(x)OG-914 4.1 6.9 2.8 11.43 882 27.46 PdG
-------------------------------------------------------------------------
(x)OG-926 117.0 118.5 1.5 4.89 608 15.94 Sta.
Juliana
-------------------------------------------------------------------------
(x)OG-928 107.3 109.5 2.3 1.77 190 5.22 Sta.
Juliana
-------------------------------------------------------------------------
(x)OG-931 174.0 175.1 1.1 0.98 162 3.92 Sta.
Juliana
-------------------------------------------------------------------------
(x)OG-934 174.0 176.4 2.3 0.87 139 3.41 Sta.
Juliana
-------------------------------------------------------------------------
(x)OG-938 38.0 39.0 1.0 1.03 172 4.15 Sta.
Juliana
-------------------------------------------------------------------------
(x) Indicates drill results not been previously released
(1) Metallurgical recoveries and net smelter returns are assumed to be
100%
Note: The Ocampo surface exploration information has been reviewed by
Qualified Person, Mr. Peter Drobeck. All sample analyses for Ocampo
were performed by Chemex Laboratories, based in Vancouver, British
Columbia, or in the Ocampo mine lab, using standard fire assay
procedures. True widths have not been calculated.
Table 3: El Cubo Drill Results 2010
-------------------------------------------------------------------------
Hole From To Length Gold Silver Gold Eq.
(m) (m) (m) (g/t) (g/t) (55:1)(1) Vein
-------------------------------------------------------------------------
C-506 62.3 85.8 23.5 0.17 7 0.30 Dolores SE
-------------------------------------------------------------------------
C-509 103.1 108.8 5.7 0.92 31 1.48 Dolores SE
-------------------------------------------------------------------------
C-510 115.7 131.5 15.8 1.05 48 1.92 Dolores SE
-------------------------------------------------------------------------
C-511 152.3 165.3 13.0 0.49 16 0.77 Dolores SE
-------------------------------------------------------------------------
C-519 56.3 56.9 1.3 2.20 128 4.53 Capulin
-------------------------------------------------------------------------
C-520 207.3 210.9 3.6 0.20 53 1.16 Villalpando
Capulin
-------------------------------------------------------------------------
C-523 87.4 88.0 0.7 7.92 244 12.36 Puertecito
-------------------------------------------------------------------------
C-523 94.8 99.7 4.9 12.49 188 15.91 Puertecito
-------------------------------------------------------------------------
C-524 40.3 41.2 0.9 2.10 139 4.63 Puertecito
-------------------------------------------------------------------------
C-524 137.2 137.7 0.5 17.00 35 17.64 Puertecito
-------------------------------------------------------------------------
C-524 152.3 152.8 0.6 1.30 134 3.74 Puertecito
-------------------------------------------------------------------------
C-525 98.2 101.5 3.3 10.64 181 13.93 Puertecito
-------------------------------------------------------------------------
C-527 179.2 180.0 0.8 2.96 5 3.05 Puertecito
-------------------------------------------------------------------------
(x)C-529 149.5 150.5 1.0 0.31 5 0.40 Puertecito
-------------------------------------------------------------------------
(x)C-530 244.0 257.9 13.9 0.71 12 0.94 Puertecito
-------------------------------------------------------------------------
Including 256.6 257.9 1.3 2.81 37 3.47 Puertecito
-------------------------------------------------------------------------
(x)C-531 178.5 180.5 2.0 0.91 94 2.61 Villalpando
Sur
-------------------------------------------------------------------------
(x)C-535 120.4 120.9 0.5 2.50 93 4.19 Puertecito
-------------------------------------------------------------------------
(x)C-537 33.0 34.5 1.5 2.84 197 6.43 Villalpando
Sur
-------------------------------------------------------------------------
CM-29 51.4 75.0 23.6 1.34 44 2.15 Fenix
-------------------------------------------------------------------------
CM-30 41.8 74.4 32.6 0.47 30 1.02 Fenix
-------------------------------------------------------------------------
CM-30 81.4 108.5 27.1 0.70 28 1.21 Fenix
-------------------------------------------------------------------------
CM-31 29.0 37.8 8.8 0.35 35 0.99 Fenix
-------------------------------------------------------------------------
CM-31 56.0 67.5 11.5 0.17 10 0.35 Fenix
-------------------------------------------------------------------------
CM-31 76.7 82.9 6.2 4.42 26 4.90 Fenix
-------------------------------------------------------------------------
CM-31 117.8 135.5 17.7 0.38 18 0.70 Fenix
-------------------------------------------------------------------------
CM-32 22.7 23.4 0.7 6.23 185 9.59 Fenix
-------------------------------------------------------------------------
CM-33 51.6 60.4 8.8 1.34 35 1.97 Fenix
-------------------------------------------------------------------------
CM-33 81.8 89.7 7.9 1.66 39 2.36 Fenix
-------------------------------------------------------------------------
CM-34 148.4 155.5 7.1 0.43 9 0.60 Fenix
-------------------------------------------------------------------------
CM-36 75.3 91.2 15.9 0.65 56 1.68 Fenix
-------------------------------------------------------------------------
CM-37 142.6 154.4 11.8 0.47 9 0.64 Fenix
-------------------------------------------------------------------------
CM-38 112.5 115.7 3.2 0.61 16 0.91 Fenix
-------------------------------------------------------------------------
CM-38 118.9 128.0 9.1 0.77 18 1.10 Fenix
-------------------------------------------------------------------------
CM-39 200.0 229.4 29.4 1.13 12 1.35 Fenix
-------------------------------------------------------------------------
(x) Indicates drill results not been previously released
(1) Metallurgical recoveries and net smelter returns are assumed to be
100%
Note: The El Cubo exploration information has been reviewed by Qualified
Person, Mr. Peter Drobeck. All sample analyses for El Cubo were
performed by SGS Laboratories, based in Mississauga, Ontario, or in
the El Cubo mine lab, using standard fire assay procedures (and
with ICP finish for samples completed at SGS). True widths have not
been calculated.
Table 4: Venus Sampling Results 2010
-------------------------------------------------------------------------
Gold
Width Gold Silver Eq.
Sample (m) (g/t) (g/t) (55:1)(1) Structure
-------------------------------------------------------------------------
V-1 2.1 0.18 5 0.27 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-2 1.5 0.09 8 0.22 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-3 2.0 0.04 2 0.08 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-4 3.0 0.12 6 0.24 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-5 3.0 0.08 2 0.12 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-6 3.0 0.18 10 0.37 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-7 3.0 0.16 11 0.35 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-8 3.0 0.07 4 0.14 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-9 1.0 0.25 5 0.34 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-10 3.0 1.08 9 1.23 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-11 2.4 0.51 4 0.58 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-12 2.6 1.46 9 1.62 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-13 1.8 0.89 4 0.96 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-14 1.8 2.84 8 2.99 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-15 1.5 4.01 41 4.76 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-16 1.1 0.03 2 0.07 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-17 0.8 0.38 4 0.45 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-18 0.8 2.64 6 2.75 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-19 1.5 1.34 7 1.47 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-20 1.3 1.28 12 1.49 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-21 1.0 0.17 8 0.32 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-22 3.2 0.01 1 0.03 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-23 1.5 0.14 8 0.28 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-24 1.4 0.67 2 0.70 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-25 0.9 0.20 3 0.26 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-26 1.5 0.06 3 0.11 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-27 3.0 0.52 13 0.75 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-28 3.0 0.16 8 0.31 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-29 2.9 0.21 15 0.47 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-30 2.0 0.04 2 0.08 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-31 2.0 0.31 11 0.51 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-32 1.3 0.07 3 0.12 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-33 2.0 0.37 6 0.48 Roncesvalle (Lower
level)
-------------------------------------------------------------------------
V-34 2.3 0.53 12 0.76 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-35 3.4 0.16 3 0.21 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-36 1.9 0.13 3 0.19 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-37 2.0 0.08 6 0.19 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-38 1.5 0.12 2 0.16 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-39 2.6 0.26 1 0.28 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-40 2.8 0.26 6 0.37 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-41 3.0 0.38 1 0.40 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-46 3.0 5.37 34 5.99 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-48 4.8 1.54 10 1.71 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-49 2.9 2.19 29 2.72 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-50 2.8 2.00 192 5.49 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-51 3.6 0.52 7 0.64 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-52 1.3 0.27 7 0.39 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-53 1.8 3.36 18 3.69 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-54 1.6 0.16 8 0.30 Roncesvalle (Surface)
-------------------------------------------------------------------------
V-59 0.6 2.52 14 2.78 Balleza (Surface)
-------------------------------------------------------------------------
V-60 1.1 4.85 35 5.48 Balleza (Surface)
-------------------------------------------------------------------------
V-61 0.6 1.46 64 2.63 Balleza (Surface)
-------------------------------------------------------------------------
V-63 1.4 1.98 31 2.54 Balleza (Surface)
-------------------------------------------------------------------------
V-64 2.3 1.67 11 1.86 Balleza (Surface)
-------------------------------------------------------------------------
V-70 2.0 0.01 1 0.02 Balleza (Surface)
-------------------------------------------------------------------------
V-71 2.0 0.01 1 0.02 Balleza (Surface)
-------------------------------------------------------------------------
V-62 n/a 11.00 370 17.73 Balleza (Dumps)
-------------------------------------------------------------------------
V-65 n/a 0.03 1 0.05 Balleza (Dumps)
-------------------------------------------------------------------------
V-65A n/a 9.93 318 15.71 Balleza (Dumps)
-------------------------------------------------------------------------
V-66 3.0 0.06 2 0.09 La Boleta (Ext. W)
-------------------------------------------------------------------------
V-67 3.0 0.06 0 0.07 La Boleta (Ext. W)
-------------------------------------------------------------------------
V-68 2.0 0.07 2 0.10 La Boleta (Ext. W)
-------------------------------------------------------------------------
V-69 3.0 0.04 1 0.05 La Boleta (Ext. W)
-------------------------------------------------------------------------
V-72 3.0 0.02 0 0.02 La Boleta (Ext. W)
-------------------------------------------------------------------------
V-73 1.1 0.05 1 0.07 La Boleta (Ext. W)
-------------------------------------------------------------------------
V-77 0.7 0.02 1 0.03 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-78 2.8 0.36 1 0.38 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-80 2.0 0.16 1 0.18 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-81 1.7 0.95 2 0.98 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-82 0.9 12.70 28 13.21 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-85 1.8 1.74 58 2.79 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-86 1.1 3.57 7 3.69 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-87 2.0 0.14 12 0.35 La Boleta (Ext. SE)
-------------------------------------------------------------------------
V-79 n/a 8.98 100 10.80 La Boleta (Dumps)
-------------------------------------------------------------------------
V-83 n/a 7.76 94 9.47 La Boleta (Dumps)
-------------------------------------------------------------------------
V-84 n/a 4.26 34 4.87 La Boleta (Dumps)
-------------------------------------------------------------------------
(1) Metallurgical recoveries and net smelter returns are assumed to be
100%
Please click here for Ocampo and El Cubo Site Maps
files.newswire.ca/258/sitemaps.docx
For further information: Peter Drobeck, Sr. VP Exploration & Business
Development, Gammon Gold Inc., +1-416-646-3825; Anne Day, Director of
Investor Relations, Gammon Gold Inc., +1-902-468-0614;
www.gammongold.com/
For further information: Peter Drobeck, Sr. VP Exploration & Business Development, Gammon Gold Inc., +1-416-646-3825; Anne Day, Director of Investor Relations, Gammon Gold Inc., +1-902-468-0614; www.gammongold.com/
