Las Magaritas (Gold)

Margaritas is a 100%-owned 500 hectare property consisting of two mining concessions in the state of Durango, approximately 150 kms from Durango City. The property is subject to a 1% net smelter return payable to the vendor which may be purchased at any time for US$500,000.The project is located in the Barrancas subprovince of the Sierra Madre Occidental.Some limited gold mining by artisanal prospectors is known to have taken place on the project in the early 20th century and the project contains a known vein with quartz, argillic alteration striking for at least 1.8 kms (as per the Mexican Geological Service).