AGUAS PERDIDAS PROJECT

agua perdidas locationAguas Perdidas is located in Chubut Province.  It is an epithermal Au-Ag project on which some USD2m has been spent on exploration, and is a walk-up drill target.  While not the most favoured mining investment destination in Argentina at this time, the company believes that this may change in the foreseeable future, and is working with competent provincial authorities to further develop this project. AbraPlata’s Cerro Amarillo porphyry Cu-Mo-Au project is located in the mining friendly department of Malargüe in the Province of Mendoza.  Cerro Amarillo lies on the southern end of the porphyry camp of “behemoth” Cu-Mo-Au porphyry deposits (El Teniente, Los Bronces, Los Pelambres, and Altar).  In common with these behemoth deposits, Cerro Amarillo is a cluster of five distinct porphyry intrusions, four of which have mapped mineralization at surface.  All have good geochemistry, and the company has conducted IP surveys over two of them with good indications of chargeable material lying below mapped mineralization at surface.  Mendoza is currently reviewing its mining policies with a view to assisting those departments which support mining activities with respect to rapid implementation of the permitting process.