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Drilling and Sampling
The above mentioned prior drilling programs on the La Currita project were conducted prior to the implementation of NI43-101 in 2001 and are not in compliance with the current requirements of NI43-101. The available information available from these drilling programs in summary form only and should not be relied upon.
Metallurgical Testing
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| La Currita Mine and Mill Area |
Historical production records and current operations at the La Currita 150 ton/day flotation mill indicate average gold and silver recoveries of around 85% for both metals. Although this is may be a satisfactory recovery level at present, the author recommends that metallurgical optimization studies be conducted to evaluate if this recovery percentage can be increased. AMRS’s current plans include utilizing the La Currita Mill for processing material from other properties in the area. The material from these properties may require different processing methods to optimize precious metal extraction and metallurgical testing must be incorporated into an economic feasibility study to classify this material as mineral reserves.
Mineral Resource Estimation
The above mentioned mineral resource calculation performed by Silver Standard
Resources on the La Currita property, the historic resource blocks at the San Luis
mine, the oxide silver at the San Jose mine and the estimated tons and grade of
waste dump material at the La Millonaria mine were performed prior to the
implementation of NI43‐101 are not in compliance with its requirements. They
are mentioned in this report for historic purposes only and to provide an orderof
magnitude guide to potential mineralization on the La Currita project. An
NI43-101 compliant exploration program will be required to verify the presence
of any resources on the project.
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