Other Projects - Iron Ore - Toray, Coribeni, Pampa de Pongo, Ferro Tacna

The Company holds 100% of rights to 8,500 hectares of concessions in the Ferrobamba Iron Province which hosts known significant iron resources. The Toray Project is located in the Apurimac Department and is 4,500 hectares in area and the Coribeni Project is located in the Cusco Department and is 4,000 hectares in area. Both of these projects were staked on colour anomalies seen from the air on open ground. A brief visit was made to Toray and several small magnetite veins and structures were noted. More work is needed to determine the true potential of the properties, but the preliminary work nevertheless indicates strong iron mineralization is present.

The Company has also staked additional concessions in the Coastal Sur Iron Province in close proximity to the large Marcona and Pampa de Pongo resources. Latin Pampa de Pongo is located in the Ica Department and is 900 hectares in area and is 5.0 kilometres from the Pampa de Pongo deposit. This concession was staked on an airborne magnetic Image map acquired by the Company that shows an anomaly similar to the original airborne anomaly that led to the discovery of the Pampa de Pongo deposit. The surface of the claim is completely covered by sand and a ground magnetic survey is currently underway over this block.

A further 3,900 hectares of concessions have been staked in the Tacna Department based upon magnetic survey results.

Toray

Two claim blocks were staked here. The first two claims, with a total area of 1700 hectares, were staked in the District of Tumay Huaraca, Province of Andahuaylas, Department of Apurimac. The second group of 3 claims, with an area of 2800 hectares, was staked in the Districts of Pomacocha and Pampachiri, Province of Andahuaylas, Department of Apurimac.

The rocks in the area are Mid Cretaceous limestone's of the Ferrobamba Formation that have been intruded by Tertiary diorites. The iron formations are in the limestones and more prominently associated with the diorites.

These claims are located in amongst some highly proven Iron Ore territory, namely Strike resources (203m JORC resource) and local Iron ore company Mapsa.

A geochemical survey will commence in early 2010 followed up by a magnetic survey

Toray Map

Toray Tenements

Toray Project Geology Map

Coribeni

One claim block consisting of 4 claims with a total area of 4000 hectares was staked in the District of Echarate, Province of La Convencion, Department of Cusco.

The rocks are Devonian Silurian age and belong to the Quillabamba formation. In the western and northwestern part of the claim block rocks belong to the San Jose group of lower-middle Ordovician age. The rocks in the area are Mid Cretaceous limestone's of the Ferrobamba Formation that have been intruded by Tertiary diorites. The iron formations are in the limestones and more prominently associated with the diorites.

These claims are located in amongst some highly proven Iron Ore territory, namely Strike resources (203m JORC resource) and local Iron ore company Mapsa.

A geochemical survey will commence in early 2010 followed up by a magnetic survey