http://www.minem.gob.pe/descripcion.php?idSector=1&idTitular=3096

1340000 ounces of gold and 33300000 ounces of silver existing resources are estimated at the site Shahuindo which is located in the northern part of the Peruvian Andes, 80 miles south of Cajamarca, 15 km east Cajabamba City, the Ministry of Energy and Mines (MEM).

The MEM indicated that this was announced today at the "VII International Congress of Exploration-ProExplo 2011, which takes place in the facilities of a hotel downtown Lima and has the presence of the leading geologists of the world and as executives of international companies working to locate new deposits.

According to Stéphane Amireault revealed first, and then Yvan Espinoza, Minera Sulliden Shahuindo Peru, is a disseminated gold deposit that reaches up to six kilometers in length.

They explained that the drilling has found gold mineralization up to a little over 400 meters deep. The dimensions of the resource area covering a length of four kilometers to 400 meters wide, and a depth of 150 meters, mostly in the oxide zone.

In his presentation, the executives said that the existing resource estimate has been made following the Standard NI 43-101, as a result of 45 thousand meters drilled.

Shahuindo The site is located between two major gold mines currently in production: North Yanacocha, Newmont operated the mine from Barrick North Laguna to the south.

The speakers described him as an epithermal deposit of gold and silver which is located in sedimentary rocks, which correspond to Santa and Carhuaz Formations of the Lower Cretaceous Goyllarisquizga Group, consisting of sandstone and siltstone sequences lutáceas where brecciated sandstones are the main host rock of the mineralization.

"The sediments are intruded by a dacite porphyry of 15 Ma, spatially associated with gold mineralization in the sector. Apparently the perfidious was emplaced along a zone of faulting regional NNW-SSE trend, "explained the exhibitors.

As mentioned, the site Shahuindo is situated 850 kilometers north of Lima, in the western sector of the Mesozoic sedimentary belt in the northern part of the Peruvian Andes.

According to the schedule, tomorrow, Tuesday, February 8 at 8 and 30 am, the Director of Mining Promotion MEM engineer Henry Moon, will provide a full and documented presentation on "Investments mining in Peru."

San Borja, February 7, 2011