Sesmo Sur Area

The Sesmo Sur area was the first area of focus for the Company’s Phase 1 exploration program. Sesmo Sur is an extensive alteration system covering an area 1km x 1km with strong outcrop and BLEG geochemical anomalies for VMS gold-silver deposits, epithermal, and porphyry copper-gold deposits. The first phase of the field program returned numerous significant geochemical anomalies collected via channel, trench, pit, and outcrop sampling. Initial results identified an anomalous area called El Lobo. Important results from this initial phase of field work at the anomaly include:

  • 44 meters at an average of 3.21 g/t gold and 15 g/t silver
  • 68m at an average of 2.6 g/t gold and 82 g/t silver
  • 52 m at an average of 3.71 g/t gold and 162 g/t silver
  • 29 m at an average of 2.66 g/t gold and 14 g/t silver
  • 12 m at an average of 1.07 g/t gold and 183 g/t silver

LOCATION


El Lobo Anomaly
It is located within the Jordan 2 mining concession and is 5.5 kilometres southwest of the El Domo deposit within Las Naves concession. The alteration zone is more than 300 meters wide, appears to be open to the north and south for over 1 kilometre, and consists of silicified and pyritized hydrothermal volcanic breccia. Gold and silver mineralization is hosted within a hydrothermal breccia with a matrix of barite and poly-sulphides (silver minerals are contained within galena, sphalerite and chalcopyrite).

As a result of the successful completion of the geochemical program in the fall of 2007, the Company defined El Lobo as the #1 drill target. The Company, in early 2008, completed an 18 hole phase 1 drill program at the Sesmo Sur area. Salazar is now in the process of analyzing all drill hole data in combination with its ground geophysics data and geochemical data to decide the next phase of exploration at Sesmo Sur.

Significant Drill Results to date:

HOLE ID FROM (m) To (m) LENGTH (m) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%)
CURI-07-001 6,09 18 11,91 2,25 31 0,2 0,27 0,6
Including 12 16 4 2,21 23 0,09 0,23 1,61
and 56,1 60 3,9 1,79 8,4 0,08 0,06 2,76
CURI-07-003 0.7 8 7.3 2.56 14.37 0.05 0.36 0.02
Including 41.14 79.24 39.63 0.64 15.35 0.1 0.24 0.69
and 64 79.24 16.8 0.9 30 0.05 0.54 1.21
CURI-07-005 0.2 15.24 15.04 2.54 50.11 0.23 0.19 0.25
Including 0.2 2.68 2.48 11.14 107.33 0.07 0.57 0.04
CURI-07-009 0,4 16 15,6 1,45 17,4 0,17 0,1 0,04
16 51,72 35,72 0,3 3,9 0,11 - 0,08
55,15 69 13,85 0,21 1,3 0,11 - 0,23
CURI-07-012 16,76 44,19 27,43 0,18 1,6 0,1 - 0,36
57 68,58 11,58 0,24 1,6 0,04 - 0,51
CURI-08-026 32.1 37.3 5.2 0.14 5.2 0.13 - 1,26

During the drill program phase of exploration, the Company continued to collect samples region-wide within the Sesmo Sur area. In February, 2008 the Company announced two more significant anomalous areas, La Vaquera and Agua Santa which appear to be prospective for economic mineralization. The Company is aggressively following up on this initial success with planned drill programs to follow by mid-year.