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Resource Geosciences de Mexico SA de CV

Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Table of Contents

Item Page
1 Title Page
2 Table of Contents……………………………………………………………. i
3  Summary ................................................................................................. 1 
4  Introduction and Terms of Reference ...................................................... 3 
4.1  Introduction ........................................................................................... 3 
4.2  Terms of Reference .............................................................................. 3 
4.3  Purpose of Report ................................................................................ 3 
4.4  Sources of Information ......................................................................... 3 
4.5  Field Examination and Data Review by the Qualified Person............... 4 
4.6  Definitions and Translations ................................................................. 4 
5  Reliance on Other Experts ...................................................................... 5 
6  Property description and location ............................................................ 6 
6.1  Area and Location ................................................................................ 6 
6.2  Claims and Title .................................................................................... 6 
6.3  Surface Rights .................................................................................... 11 
6.4  Mineralization ..................................................................................... 11 
6.5  Environmental Liability........................................................................ 11 
6.6  Permits ............................................................................................... 11 
7  Access, Climate, Infrastructure, and Physiography ............................... 12 
8  History ................................................................................................... 12 
9  Geological Setting ................................................................................. 14 
9.1  Regional Geology ............................................................................... 14 
9.2  Local Geology .................................................................................... 16 
10  Deposit Types ....................................................................................... 21 
11  Mineralization ........................................................................................ 22 
11.1  General............................................................................................... 22 
11.2  Historic Mines and Showings ............................................................. 24 
11.2.1  Los Japoneses – Los Cuervos......................................................... 26 
11.2.2  Cabeza Blanca ................................................................................ 28 
11.2.3  Buena Suerte ................................................................................... 30 
11.2.4  El Colorado ...................................................................................... 30 
11.2.5  Las Abejas – Veta de Oro ................................................................ 31 
11.2.6  El Zorillo ........................................................................................... 31 
11.2.7  La Española – La Magdalena .......................................................... 33 
11.2.8  La Muñeca-La Leona-Puerto de Oro ............................................... 34 
12  Exploration ............................................................................................ 35 
12.1  Geologic Mapping, Geochemical/Mineralogical Sampling .................. 35 
13  Drilling ................................................................................................... 35 
14  Sampling Method and Approach ........................................................... 35 
14.1  Sampling Method, Nature, and Spacing ............................................. 35 
14.1.1  Surface Rock Chip Samples ............................................................ 35 
14.2  Recovery Factors ............................................................................... 36 
14.3  Sample Quality and Representativity.................................................. 36 

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

14.4  Sample Interval Parameters ............................................................... 37 


15  Sample Preparation, Analyses, and Security ........................................ 37 
15.1  Personnel ........................................................................................... 37 
15.2  Corex Resource Sampling Program ................................................... 37 
15.2.1  Sample Security/Chain of Custody .................................................. 37 
15.2.2  Sample Preparation by ALS Chemex .............................................. 38 
15.2.3  Analytical Techniques used by ALS Chemex .................................. 38 
16  Data Verification .................................................................................... 41 
16.1  Prior Campaigns ................................................................................. 41 
16.2  Corex Exploration Campaign, 2006 to 2007 ....................................... 41 
16.2.1  Rock Chip Sample Assays............................................................... 41 
17  Adjacent Properties ............................................................................... 42 
18  Metallurgical Testing ............................................................................. 42 
19  Mineral Resource Estimate ................................................................... 42 
20  Other Relevant Data and Information.................................................... 42 
21  Interpretation and Conclusions.............................................................. 43 
22  Recommendations ................................................................................ 44 
22.1  Exploration Recommendations ........................................................... 44 
22.2  Recommendations for Field Procedures and QA and QC Protocols
for Future Drill Programs ............................................................ 47 
23  References ............................................................................................ 48 
24  Statement of Qualification ..................................................................... 50 

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

List of Figures

Figure Page
Figure 6.1. Location Map. ......................................................................................... 7
Figure 6.2. Concession Map. .................................................................................. 10
Figure 9.1. Geologic Map, Regional........................................................................ 15 
Figure 9.2. Geologic Map, Caliche Project. ............................................................. 18 
Figure 9.3. Mafic dike crosscutting granodiorite, El Colorado area. ........................ 19 
Figure 9.4. Low angle fault in shaly siltstones. ........................................................ 19 
Figure 9.5. Silicified thinly bedded sedimentary strata with chevron folding. .......... 20 
Figure 11.1. Principal veins and historic mine workings, Caliche Project................ 25 
Figure 11.2. Los Japoneses mineralized structure. ................................................ 26 
Figure 11.3. Mineralized structure footwall to Los Japoneses structure.................. 27 
Figure 11.4. Sericitized granodiorite, Los Cuervos area. . .................................... 27 
Figure 11.5. Stockwork quartz veining in wallrock to Cabeza Blanca vein............... 28 
Figure 11.6. Cabeza Blanca vein. ............................................................................ 29 
Figure 11.7. Cabeza Blanca workings.. .................................................................. 29 
Figure 11.8. El Colorado prospect.. ........................................................................ 30 
Figure 11.9. Stockwork at Veta de Oro – Las Abejas area. .................................... 31 
Figure 11.10. El Zorillo roadcut. .............................................................................. 32 
Figure 11.11. La Española vein.. ............................................................................ 33 
Figure 11.12. La Española vein, view looking NA350 down strike. ......................... 34
Figure 14.1. Channel Sampling, Cabeza Blanca area. ........................................... 37 

List of Tables

Table Page
Table 6.1 Listing of Mining Concessions.................................................................... 9
Table 11.1. Correlation Coefficients, 374 rock chip samples ................................... 23
Table 11.2. Summary statistics, 374 rock chip samples ......................................... 23
Table 12.1. Exploration Activities Summary ............................................................. 35
Table 15.1. Check Sample Comparison .................................................................. 40
Table 16.1. Elements Analyzed and Analytical Limits .............................................. 42
Table 22.1. Recommended Work Plan and Budget, Caliche Project ...................... 46

Appendices

Appendix Page
Appendix A Rock Chip Sample Assays……………………………………..………….52

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

3 SUMMARY

The Caliche project is prospective for low sulfidation, epithermal gold-silver deposits
and intrusive-related precious metal and polymetallic deposits. The project hosts
structurally controlled zones of gold-silver mineralization hosted by diorite,
granodiorite, siltstone, and arenite. These mineralized zones form potentially bulk
minable stockworks and planar, mineralized structures or veins. Reconnaissance
mapping and geochemical sampling of the property shows that the system was
capable of creating mineralized zones of economically significant grade and the
exposed areal extent of the system is in excess of 6 km2 . The dominant structural
controls are NA330 to 350 (NW-SE) and NA030 to 260 (NE-SW) high angle
structural zones that are variably brecciated, silicified, and quartz veined. Gold
concentrations are localized within discrete structural zones and within broader
zones of parallel structures, brecciation and/or stockwork quartz veining. The
reconnaissance evaluation of the project by the author validated that the project is
prospective for three target types:

1) Stockwork and/or disseminated zones of gold-silver mineralization, mineable


by open pit or bulk underground methods.
2) High grade, planar, precious- and base-metal mineralized structural zones or
veins.
3) Concealed, intrusive related, precious metal deposits.

Examples of target type 1 include the Las Abejas-Veta de Oro, La Muñeca-La


Leona-Puerto de Oro, and Los Japoneses-Los Cuervos areas, where pervasively
sericitized, pyritic (now oxidized), and stockwork quartz veined siltstone, arenite, and
granodiorite are gold mineralized. Examples of target type 2 include the all of the
epithermal veins identified at the project. Reconnaissance sampling of these veins
has yielded as much as 13.2 gpt Au over widths of 1m, and 8.0 gpt Au over widths
of 2 meters. The textures observed at present levels of exposure are consistent with
those of the uppermost levels of epithermal vein systems, therefore significant depth
extensions to the veins may be reasonably inferred to exist. Target type 3 is
speculative and no examples of such are seen at surface. Its possible existence is
suggested by the presence of sericite-pyrite-silica and chlorite alteration
assemblages typical of intrusive related systems, and by a Mo-As geochemical
association. The size and continuity of these mineralized zones cannot be
determined by surface mapping and sampling. Drill testing is required to assess the
economic importance of the identified and postulated mineralized zones.

The identified mineral showings at Caliche are consistent with those seen at low
sulfidation epithermal mineralized systems elsewhere in the Sierra Madre and
Altiplano provinces of Mexico. These systems may form economic deposits
mineable by bulk surface or underground methods. Deposits may be in the form of
mineralized structural zones with vertical ranges of 200 to 700m and strike lengths
ranging from hundreds of meters to in excess of 1 kilometer (Albinson et al., 2001),

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

or as zones of stockwork or disseminated mineralization localized by structures or


lithology. The Caliche project is prospective for both.

Work completed to date has identified drill targets meritorious of evaluation, but most
of the 6 km2 area of known gold occurrences has thus far not been mapped or
sampled in detail, thus additional geologic and geochemical surveys are necessary
to prioritize drill targets and identify additional areas of interest. The large size of the
mineralized system mandates that the initial drill program include sufficient meters to
allow for testing of numerous targets distributed throughout the system. In order to
determine the economic potential of the project, a multi-stage exploration program is
recommended, with each successive stage conditional upon results obtained from
the previous. Stage 1 consists of geologic mapping and geochemical surveys to
define initial drill targets. The second stage entails drill testing of targets identified in
Stage 1. The first phase of drilling encompasses 4,000m of reverse circulation
drilling, and if results are positive, would be followed by an additional 8,000m of
reverse circulation drilling to further test the targets developed. The total cost for the
first phase of the proposed program, which encompasses geologic and geochemical
surveys sufficient to identify drill targets, is estimated at $269,000 USD. The drilling
phase costs are estimated at $468,000 USD for the first 4,000m, and an additional
$870,000 USD for the contingent 8,000m, for a total program cost of $1.6M USD.

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

4 INTRODUCTION AND TERMS OF REFERENCE

4.1 Introduction

Resource Geosciences de Mexico SA de CV (RGM) and Matthew D. Gray, the


author of this report, were asked by Corex Gold Corporation to perform an
evaluation of the Caliche gold project in Sonora, Mexico, and to provide Corex with a
technical report compliant with CSA National Instrument 43-101. This report has
been prepared to meet Canadian Securities Administrators National Instrument 43-
101 standards. The report provides a summary of the geology of the project and its
potential to host economic mineral deposits.

4.2 Terms of Reference

Corex Gold Corporation commissioned RGM to review the Caliche gold project and
to prepare a report following NI43-101 guidelines for submission as a Technical
Report. Corex trades on the TSX Venture exchange under the symbol CGE.
Matthew Gray, senior partner of RGM, an independent geosciences consulting firm
contracted by Corex, visited the project, reviewed the available geologic and
geochemical data, and took independent samples to accomplish the requested task.

4.3 Purpose of Report

The purpose of this report is to provide an independent assessment of the Caliche


gold project and to recommend an exploration program to enhance the economic
potential of the project. This report was prepared following the guidelines of CSA
National Instrument 43-101.

4.4 Sources of Information

In the preparation of this report the author has relied on his own observations and
independent assay data, supplemented by information obtained through review of
both published and unpublished documents and maps. In addition to the author’s
own observations and assay data, sources of information regarding location and
dimensions of mineralized showings, mines, veins, and the mineralized grades,
include:

- Geologic data generated by RGM Senior Partner Fernando Oviedo and RGM
staff geologists Isidro Flores, Ivan Romero, Hugo Vargas, Jesus Medina, and
Manuel Amador.

- Geologic, geophysical, and assay data collected and published by the


Consejo de Recursos Naturales (National Resource Council) and its
successor, the Servicio Geologico Mexicano (Mexican Geological Survey), a
Mexican Federal agency.

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- Topographic and physiographic data collected and published by the Instituto


Nacional de Estadistica Geografica e Informatica (INEGI), a Mexican Federal
Agency.

- Geologic and geochemical data contained in private maps and reports


prepared by Resource Geosciences de Mexico for Corex.

Data that was not generated by the author or RGM has not been independently
verified, except as noted in Item 16 of this report. Where information from unverified
sources is relevant to interpretations and discussions of the economic potential of
the project, the source of information is explicitly mentioned. The author and RGM
do not accept responsibility for the interpretations and representations made in this
report where they were the result of erroneous, false, or misrepresented data.

4.5 Field Examination and Data Review by the Qualified Person.

The Qualified Person responsible for this report, Matthew D. Gray, Ph.D., C.P.G.,
President of Resource Geosciences de Mexico SA de CV, conducted a 3 day field
visit to the Caliche project during the period 16 to 18 July 2007. The purpose was to
examine the property geology, the most important known mineral occurrences and
mine workings, and to collect independent geochemical samples of altered and
mineralized areas. Two full days were spent on site visiting known mineralized
areas in the project area. The author spent several days in RGM’s Hermosillo,
Sonora office reviewing geologic and assay data provided by Corex and obtained
from public domain sources.

Prior to the field visit and data review conducted for the purposes of this Technical
Report, the author had been directly involved in mineral exploration programs in the
region, including visits to the Caliche project, but the author had not conducted
detailed examinations of the Caliche project.

4.6 Definitions and Translations

CRM - Consejo de Recursos Minerales (Natural Resources


Council
DGM - Direccion General de Minas (Central Mining Department)
gpt - grams per tonne
Corex - Corex Gold Corporation
Has. - hectares
km - kilometer
M - million
NAD - North American Datum
NSR - Net smelter return
oz. - Troy Ounce
ppm - parts per million
RGM - Resource Geosciences de Mexico SA de CV

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

SEMARNAT - Secretaria del Medio Ambiente y Recursos Naturales


(Secretary of the Environment and Natural Resources)
SGM - Servicio Geologico Mexicano (Mexican Geological Survey)
SMO - Sierra Madre Occidental
UTM - Universal Transverse Mercator

5 RELIANCE ON OTHER EXPERTS

Appropriate scientific methods and best professional judgment were utilized in the
collection and interpretation of data discussed in this report. However, users of this
report are cautioned that the evaluation methods used herein are subject to inherent
uncertainties and assumptions, over which Matthew D. Gray and RGM have no
control. These uncertainties and assumptions are stated herein. Users of this report
are hereby advised to be aware of and understand these uncertainties and
assumptions.

For the purposes of this report, Matthew D. Gray and RGM have relied on assay
data provided by ALS Chemex Laboratories and topographic and geographic data
provided by the Consejo de Recursos Minerales, the Servicio Geologico Mexicano,
and the Instituto Nacional de Estadistica Geografia y Informatica. Matthew D. Gray
and RGM have not independently verified the information obtained from these
sources, however Matthew D. Gray is not aware of any information that would lead
him to believe or lead him to suspect that the information from these sources is not
accurate or is unreliable.

This Technical Report and all publications, exhibits, documentation, conclusions,


and other work products obtained or developed by RGM for this Technical Report
are for sole and exclusive use of Corex Gold Corporation. This Technical Report
was prepared specifically for the purpose of complying with Canadian Securities
Administrators National Instrument 43-101 and may be distributed to third parties
and published without prior consent of RGM if the Technical Report is presented in
its entirety without omissions or modifications, subject to the regulations of NI43-101.
Consent is expressly given for submission of this Technical Report to all competent
regulatory agencies, including but not limited to the British Columbia Securities
Commission, the Ontario Securities Commission, the Alberta Securities
Commission, the TSX-Venture Exchange, and the Toronto Stock Exchange.
However all reports, publications, exhibits, documentation, conclusions, and other
work products obtained or developed by RGM during completion of this Technical
Report shall be and remain the property of RGM. Unauthorized use or reuse by
third parties of reports, publications, exhibits, documentation, conclusions, and other
work products obtained or developed by RGM for the purposes of this Technical
Report is prohibited.

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

6 PROPERTY DESCRIPTION AND LOCATION

6.1 Area and Location

The Caliche project comprises 15 mining concessions covering a total of 1,560.48


hectares and is located in the municipality of Cucurpe, State of Sonora, Mexico,
approximately 40 km SE of the city of Magdalena, Sonora and 150 km N-NE of the
city of Hermosillo, Sonora (Figure 6.1).

The center of the project area is located at UTM Zone 12, 536,740E 3,365,100N,
Datum ITRF92 GRS80 (equivalent to WGS84 G730 within a few centimeters), or
North Latitude 30o 24’ 55” West Longitude 110o 37’ 07”, North American Datum 27
Mexico. All UTM coordinates refered to in this report are UTM WGS84 G370 unless
otherwise noted.

6.2 Claims and Title

Mining and exploration rights in Mexico are controlled by the Federal Government,
and are assigned to third parties by the granting of mining concessions. Claims at
the Caliche project were originally titled under a previous regulatory regime which
recognized two classes of concessions, exploration and exploitation, however
reforms to the mining law enacted in 2006 automatically converted all existing
exploration and exploitation concessions into mining concessions which are
administered by the Direccion General de Minas (DGM), a subsecretariat of the
cabinet level Secretaria de Economia. Mining concessions are valid for a 50 year
period, at the end of which they may be renewed. To maintain concessions in good
legal standing, concession holders are obligated to pay semi-annual tax payments
and to annually file documentation of exploration or development work at the
concession.

The Caliche project consists of 15 mining concessions covering in aggregate


1,560.48 hectares. Concession information is summarized in Table 6.1, and the
concessions are shown in Figure 6.2. The legal standing of these claims and the
ownership of surface rights have not been verified by the author or RGM. Corex
employs registered mineral property landmen and lawyers to verify legal validity of
concessions, effect mining concession tax payments, and to file all required
documents needed to maintain concessions in good legal standing. Corex
contracted independent legal counsel in Hermosillo, Sonora to review the claim
status and the resulting opinion was that the claims are in good legal standing.

Corex Gold Corporation holds its interest in the project through Corex Global SA de
CV (Corex Global), a wholly owned Mexican subsidiary of Corex Gold Corporation.

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Figure 6.1. Caliche Project Location Map.

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

The Cabeza Blanca concession is titled to Sr. Hector Fernando Albelais Peral. Sr.
Albelais and Corex Global have entered into an agreement whereby Corex Global
may obtain a 100% interest in the concession with no NSR in consideration for
staged cash payments over a 36 month period totaling $120,000 USD. Corex
Global has thus far made payments totaling $10,000 USD towards acquisition of the
Cabeza Blanca concession, with the next contractually stipulated payment of
$12,000 USD due within 180 days after the signing date of 25 May 2007.

The Huevo de Oro No.1, Huevo de Oro No. 2, El Huevo de Oro (Title 212,857), El
Huevo de Oro (Title 220,208), Teresita (Title 220,160), Teresita (Title 220,210), Abel
Fracc. I, Abel Fracc. II, and Guadalupe concessions are titled to Sr. Juan Pedro
Fernandez Duarte. Sr. Fernandez is also 67% owner of the Abel concession. Sr.
Fernandez and Corex Global have entered into an agreement whereby Corex Global
may obtain 100% of Sr. Fernandez’ interest in the above mentioned concessions
with no NSR in consideration for staged cash payments over a 36 month period
totaling $1,642,000 USD. Corex Global has thus far made payments totaling
$38,000 USD towards acquisition of these claims, with the next contractually
stipulated payment of $28,860 USD due within 180 days after the signing date of 7
February 2007.

A 33% interest in the Abel concession is owned by Sr. Jose Arturo Galvez
Magallanes. Sr. Galvez and Corex Global have entered into an agreement whereby
Corex Global may obtain 100% of Sr. Galvez’ interest in the Abel concession with no
NSR in consideration for staged cash payments over a 36 month period totaling
$70,000 USD. Corex Global has thus far made payments totaling $2,000 USD
towards acquisition of Sr. Galvez’ interest in the Abel concession, with the next
contractually stipulated payment of $1,140 USD due within 180 days after the
signing date of 7 February 2007.

The El Rosario Fracc. 1 and El Centro concessions are titled to Sr. Eduardo Rivas
Hoffman. Sr. Rivas and Corex Global have entered into an agreement whereby
Corex Global may obtain a 100% interest in the concessions with no NSR in
consideration for staged cash payments over a 36 month period totaling $1,150,000
USD. Corex Global has thus far made payments totaling $30,000 USD towards
acquisition of the El Rosario Fracc. 1 and El Centro concessions, with the next
contractually stipulated payment of $15,000 USD due within 180 days after the
signing date of 30 March 2007.

The Ernesto concession is titled to Sr. Ernesto Lopez Estrada and Sr. Mario
Peñuñuri Bringas. Srs. Lopez and Peñuñuri have entered into an agreement with
Corex Global whereby Corex Global may obtain a 100% interest in the concession
with no NSR in consideration for staged cash payments over a 36 month period
totaling $250,000 USD. Corex Global has thus far made payments totaling $10,000
USD towards acquisition of the Ernesto concession, with the next contractually
stipulated payment of $10,000 USD due within 180 days after the signing date of 30
March 2007.

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Resource Geosciences de Mexico SA de CV
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The Tres Amigos concession is titled to Sr. Jesus Hector Pavlovich Camou and Sr.
Raul Ernest Seym Gutierrez. Srs. Pavlovich and Seym have entered into an
agreement with Corex Global whereby Corex Global may obtain a 100% interest in
the concession with no NSR in consideration for staged cash payments over a 36
month period totaling $100,000 USD. Corex Global has thus far made payments
totaling $10,000 USD towards acquisition of the Ernesto concession, with the next
contractually stipulated payment of $10,000 USD due within 180 days after the
signing date of 4May 2007.

Table 6.1 Listing of Mining Concessions

Number Concession Title Number Concession Holder Area (Has.)

1 El Huevo de Oro 212857 Juan Pedro Fernández Duarte 10.0000


2 Guadalupe 211715 Juan Pedro Fernández Duarte 24.5940
3 Teresita 222160 Juan Pedro Fernández Duarte 99.3323
4 Huevo de Oro No. 1 222098 Juan Pedro Fernández Duarte 3.2979
5 Abel Fracc I 220657 Juan Pedro Fernández Duarte 99.0935
Juan Pedro Fernández Duarte:
6 Abel 220838 147.9804
José Arturo Gálvez Magallanes
7 Teresita 220210 Juan Pedro Fernández Duarte 0.5886
8 Abel Fracc II 220658 Juan Pedro Fernández Duarte 11.8907
9 Cabeza Blanca 175488 Héctor Fernando Albelais Peral 10.0000
10 El Centro 221094 Edward Rivas Hoffman 3.7707
Jesús Héctor Pavlovich Camou:
11 Tres Amigos 166174 20.0000
Raúl Ernesto Seym Gutiérrez
12 El Rosario Fracc I 221148 Edward Rivas Hoffman 399.6929
13 El Huevo de Oro 220208 Juan Pedro Fernández Duarte 510.8383
Ernesto López Estrada:
14 Ernesto 222367 219.3754
Mario Peñúñuri Bringas
15 Huevo de Oro No. 2 222099 Juan Pedro Fernández Duarte 0.0254

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Figure 6.2. Concession Map.

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Resource Geosciences de Mexico SA de CV
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6.3 Surface Rights

Surface rights in the project are controlled by the Rancho Cerro Prieto, a family
owned ranch represented by Sr. Fernando Padres Gauna. Exploration work
conducted to date has been exclusively on this privately held land for which Corex
has received permission to enter and explore in consideration for annual payments
of $8,000 USD. The agreement is valid for 5 years and was executed on 30 March
2007. RGM has not independently verified surface ownership.

6.4 Mineralization

Numerous abandoned small mines, exploration workings, and alteration zones are
present within the property area. Most are developed on high angle mineralized
structural zones or veins, and the metals produced or sought include gold and silver.
Lead, zinc, and copper are present in minor amounts but are not of economic
significance. These mineralized occurrences are described in Item 11 of this report.

6.5 Environmental Liability

No significant environmental liabilities are apparent. Small abandoned mines and


waste piles are present but are not generating acid drainage. No plant facilities or
tailings piles were identified within the project area.

6.6 Permits

Exploration and mining activities in Mexico are subject to control by the Secretaria
del Medio Ambiente y Recursos Naturales (Secretary of the Environment and
Natural Resources), known by its acronym SEMARNAT. The Caliche project is not
included within any specially protected, Federally designated ecological zones,
therefore basic exploration activities are regulated under Norma Oficial Mexicana
NOM-120-ECOL-1997. NOM120 allows for activities including mapping,
geochemical sampling, geophysical surveys, mechanized trenching, road building,
and drilling. If each particular activity does not exceed a defined threshold for
surface disturbance, which varies by activity, and if in aggregate these activities will
affect less than 25% of the project surface area, the project operator is required only
to inform SEMARNAT in writing of the proposed exploration activities. If after 5 days
SEMARNAT has not formally objected, work may proceed immediately. NOM120
defines the impact mitigation procedures that must be followed for each activity. All
exploration work conducted to date has been under the auspices of NOM 120.

Mine construction and operation activities generally require preparation of a


Manifesto de Impacto Ambiental (Environmental Impact Statement), known by its
acronym as an MIA. A properly prepared MIA application and operating permit for a
project that does not affect Federally protected biospheres or ecological reserves
can usually be approved in 12 months. Most mining and construction activities will

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Resource Geosciences de Mexico SA de CV
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also require Autorizacion en Cambio de Uso de Suelo (Land Use Change


Authorization) known by its acronym as a CUS. To obtain a CUS the soliciting party
must present a report summarizing the biological and ecological characteristics of
the affected area and the applicant must pay compensation to the Federal Forestry
Commission. The amount of payment is determined by the type of vegetation
affected, degree of impact, and estimated cost to reclaim the surface area that will
be disturbed.

7 ACCESS, CLIMATE, INFRASTRUCTURE, AND PHYSIOGRAPHY

Road access to the Caliche project is via paved Federal Highway 15 from Hermosillo
to the town of Magdalena, a distance of 185 km, thence southeast via the paved
Magdalena – Cucurpe two lane highway a distance of 40km, thence turning
northeast onto an unsurfaced all weather road continuing 14km to a locked gate,
thence continuing 4.8 km into the center of the project area. Straight line distance
from Magdalena to the project area is 40km. (Figure 6.1). Driving time from
Magdalena is 1.5 hours. Driving time from Hermosillo is 3.5 hours.

Basic services and provisions including phone, lodging, meals, gasoline, etc. may be
obtained in Magdalena. The border towns of Nogales, Sonora and Nogales, Arizona
are within a three hour drive of the project.

Vertical relief in the project area is approximately 710m, from a maximum elevation
of 1720m at Cerro El Caliche to a minimum elevation of 1080m in the arroyos
draining the southernmost portion of the project area. A radial dendritic drainage
pattern with moderate hill slopes is centered about Cerro El Caliche. Vegetation is
dominated by short grasses and mesquite, ocotillo, and saguaro cactus.

Exploration and mining work can be conducted in all seasons, although the periods
June to September and December to January are often marked by abundant rains.
During periods of significant rainfall, unimproved roads may become temporarily
impassable. Summertime high temperatures may exceed 40o C. During the
wintertime snow accumulations are possible. Climates in the project area are
classified as hot, semi-arid and temperate, semi-arid (CRM, 1992).

8 HISTORY

The Caliche prospect lies within the Cucurpe mining region. Earliest recorded
mining activity in the region dates to the 1800’s and is evidenced by numerous small
scale artisanal mines and surface cuts, principally along structurally controlled
mineralized zones and veins. Discovery and development of the Santa Gertrudis
gold deposits by Phelps Dodge in 1986 spurred exploration activity in the region.
The Santa Gertrudis deposits exhibited some characteristics typical of “Carlin type”
gold deposits, and the consequently the region was explored for similar sedimentary
rock-hosted gold deposits.

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In the 1990’s Cambior Exploration assembled a mining concession package of 4,200


hectares that encompassed part of the Caliche project. Cambior referred to the
project as “Los Japoneses” and completed extensive surface geochemical sampling
of the project and a small drilling program prior to abandoning the project in the late
1990’s. During this period the author was employed by Cambior in Mexico and
visited the project in 1997 as part of an internal review, but the author did not provide
technical services to the project nor have project oversight responsibilities. A general
downturn in the commodities markets and financial problems unique to Cambior
resulted in Cambior’s extensive reduction of exploration budgets in 1998 and 1999,
and finally the closure of Cambior’s Mexican exploration program in early 2000.
Cambior conducted a small reverse circulation drilling program at the project in the
1997 and 1998 prior to abandoning Mexico. The detailed results are unknown to the
author, however the author’s site visit notes, taken while reviewing the project for
Cambior, indicate that the 1997 drilling program comprised 2,245m in 15 drillholes of
150m average length. During the field review completed for the purposes of this
report, additional Cambior drillhole collars were located, indicating that at least 8
drillholes were completed in 1998. Information for the 1998 drillholes is not
available. All 1997 drillholes were angled 45o and were designed to cut across
interpreted northwest striking structural controls. Two areas were tested, the Los
Japoneses area by 13 drillholes, and the El Colorado area by 2 drillholes. All
drillholes intercepted anomalous to ore grade, near surface gold mineralization, with
the best intercepts reported as 24m @ 1.1 gpt Au, 6m @ 12.9 gpt Au, 29m @ 0.6
gpt Au, 8m @ 3.4 gpt Au, 5m @ 4.7 gpt Au, and 92m @ 0.3 gpt Au. The original
assay results, drill logs, and drillhole location maps are unavailable and the location
of these drillholes and their intercepts is not known. Matthew D. Gray obtained this
information directly from Cambior while he was an employee of Cambior, however
Matthew D. Gray and RGM have not independently verified this information, but
Matthew D. Gray is not aware of any information that would lead him to believe or
lead him to suspect that this information is not accurate or is unreliable.

Since Cambior’s exit from the project, no other exploration activities are known to
have occurred at the project.

In 2006 Corex Global SA de CV, a subsidiary of Corex Gold Corporation, initiated


reconnaissance evaluations of the Cucurpe region and identified the Caliche project
as being of significant interest and commenced negotiations to acquire the key
concessions. After agreements in principal were obtained, RGM, working on behalf
of Corex, commenced a program of geological mapping and geochemical rock chip
sampling, and this work has been continuously advanced since February 2007 until
the present, as summarized in Item 12 of this report. Alan Hitchborn, Vice
President Exploration of Corex Gold, manages and directs the exploration program,
and RGM Senior Partner Fernando Oviedo supervises the work of the following
RGM geologists assigned to the project: Isidro Flores, Hugo Vargas, Ivan Romero,
Jesus Medina, and Manuel Amador.

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9 GEOLOGICAL SETTING

9.1 Regional Geology

The Caliche project lies on the western flank of the Sierra Madre Occidental (SMO)
province, within the Valley and Ranges subprovince. The SMO province comprises
a regionally extensive Eocene to Miocene volcanic field which extends southeast
from the United States-Mexico border to central Mexico. The Valley and Ranges
subprovince which hosts the Caliche project is characterized by extensional normal
faulting that has created an alternating sequence of horsts and grabens, equivalent
to Basin and Range type extensional features of the Western United States.
Mountain ranges and valleys trend N-S and NW-SE. Maps published by the
Servicio Geologico Mexicano (SGM, translated as Mexican Geological Survey)
indicate that the Caliche project area is underlain by a Jurassic to Cretaceous aged
volcanosedimentary sequence which has been intruded by granodioritic and dioritic
intrusions of presumed Tertiary age (Figure 9.1). Rhyolitic volcanic rocks that
correlate with the Upper Series of the SMO overlie the Jurassic volcanosedimentary
sequence (SGM, 1999). The Jurassic units are deformed, and the SGM correlates
this deformation with mid-Cretaceous compression and development of thrust faults.

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Figure 9.1. Geologic Map, Regional.

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9.2 Local Geology

Detailed geologic mapping is currently in progress and has been completed thus far
only for the central area of the project. Not all contact relationships have been fully
discerned, but work done to date has identified as many as seven different intrusive
lithologies and two apparently distinct sedimentary sequences. The southern portion
of the project area is underlain by dioritic and granodioritic, medium grained
equigranular intrusive rocks. The central portion of the project area is underlain by
clastic strata comprising siltstones, arkoses, greywackes, and less commonly,
quartzites (Figure 9.2). Spherulitic rhyolitic sills intrude the clastic strata. Both
intrusive and structural contacts were observed between the sedimentary strata and
the dioritic and granodioritic intrusive rocks. Intrusive rocks present include:

• Medium to course grained granodiorite with ~20% quartz grains intergrown


with white alkali feldspar, locally with eutectic intergrowth textures without
discernable mafic minerals. Lack of mafics is possibly the result of texturally
and mineralogically destructive sericite alteration.

• Medium grained quartz-alkali feldspar equigranular granodiorite with <10%


quartz grains and no discernable mafic minerals. Lack of mafics is possibly
the result of texturally and mineralogically destructive sericite alteration.

• Medium to coarse grained weakly porphyritic granodiorite, with very course


grained zoned alkali feldspar phenocrysts in a fine to medium grained
groundmass of equigranular quartz and feldspar with subordinate biotite.

• Fine grained, dark grey-green colored andesitic intrusive with occasional fine
to medium grained plagioclase laths in a fine grained to aphanitic matrix.

• Medium to coarse grained plagioclase hornblende diorite.

• Coarse grained, very magnetic, quartz dioritic intrusion characterized by very


course grained biotite crystals, light greenish brown in color and possibly
phlogopitic.

• Spherulitic rhyolitic units exposed at Cerro El Caliche, interpreted by project


geologists to be sills intruding the clastic sequence.

Preliminary mapping indicates that finer grained textures may be characteristic of


intrusion margins, and granodioritic rocks are in places crosscut by dioritic/andesitic
dikes (Figure 9.3), however detailed mapping is required to define the relationships
between the differing intrusive phases.

At the extreme western edge of the concession package roadcuts expose deformed
shaly siltstones that appear similar to Cretaceous strata exposed elsewhere in the
region. These strata are distinct from the immature clastic sediments exposed in the

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center of the project area. They reflect a different provenance, apparently lacking
detrital input from adjacent volcanic or igneous terranes, and a deeper marine
depositional environment. Low angle structures, interpreted as thrust faults, are
exposed in these strata (Figure 9.4). Similar strata are exposed at lower elevations
in the Los Japoneses area, and include calcareous beds. Silicified and deformed
thinly bedded sedimentary strata are exposed in the arroyo between Los Japoneses
and Los Cuervos (Figure 9.5) and may represent tectonic deformation associated
with regional thrusting.

The structural pattern at the Caliche project is dominated by NA330 to NA350


striking, moderately to steeply dipping extensional veins and mineralized structural
zones that crosscut all rock types (Figure 9.2). Open space vein textures, vertical
slickenlines, and fault plane chatter marks suggest that the structures exhibited
normal displacement. Total displacement across these structures is unknown. In
some cases they form lithologic contacts suggestive of significant displacement,
whereas in others the structures show no appreciable offset of mappable geologic
features.

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Figure 9.2. Detailed Geologic Map, Caliche Project.

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Figure 9.3. Mafic dike crosscutting granodiorite, El Colorado area.

Figure 9.4. Low angle fault in shaly siltstones, possibly Cretaceous.

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Figure 9.5. Silicified thinly bedded sedimentary strata with chevron folding, Los Japoneses
area.

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10 DEPOSIT TYPES

The mineral deposits present in the project area, and the deposit type being sought,
are epithermal, low sulfidation gold-silver deposits. Such deposits may be present
as veins and/or disseminated deposits and hosted by intrusive, volcanic, and
sedimentary rocks. Features common to such deposits (Buchanan, 1981; Hayba et
al., 1985; Heald et al., 1987; Bonham, 1988; Berger and Henley, 1989; Albinson et
al., 2001) include:

- Intermediate to felsic, calc-alkaline volcanic host rocks.


- Association with intrusive centers.
- Alteration mineral assemblages dominated by sericite, quartz, adularia, and
chlorite.
- Variable Au:Ag ratios.
- Ore mineralogy characterized by argentite, tetrahedrite, tennantite, native
silver, native gold, and base-metal sulfides.
- Vertical geochemical zoning, with well defined upper and lower elevation
limits to economic mineralization, over vertical ranges of 200 to 700m.
- Open space filling vein textures.
- Quartz and carbonate gangue minerals.
- Ore and gangue mineral textures indicative of low temperature environments.

The majority of gold production from Cucurpe region has come from this type of
deposit. The most significant historically exploited deposits and deposits currently
being evaluated are listed below and include:

- Santa Gertrudis open pit gold mine, located 27km N-NW of Caliche, operated
first by Phelps Dodge, and later by Campbell Resources, with total gold
production of 432,000 ounces from approximately 564,838 ounces of gold mined
(Kern and Sibthorpe, 2005).
- Mercedes Gold Project, underground vein target, located 14km E-SE of Caliche,
currently being drill tested by Meridian Gold, who has reported discovery of an
ore shoot with average drill intercepts of 5.42m true width @ 11.4 gpt Au and
153 gpt Ag (Meridian Gold, 2007).

The mineralization described for the mines and exploration projects discussed in this
section is not necessarily indicative of the mineralization at the Caliche, Sonora
property. The author has not reviewed the data upon which the production and
drillhole intercept data in this section are based. The author cannot comment on the
accuracy of these data. The estimates were obtained from sources believed to be
reliable but cannot be verified.

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11 MINERALIZATION

11.1 General

Numerous epithermal veins and mineralized structural zones are exposed in the
project area. Most strike NA330 to NA350 with steep dips to the northeast.
Northeast-striking veins of lesser width and length were observed to crosscut the
northwest-striking veins. Host rocks include siltstones, fine to medium grained
arkoses, greywackes, quartzites, dioritic and granodioritic intrusive rocks, and
rhyolitic volcanic sills. Some mineralized zones locally follow lithological contacts.
The historically mined mineralized zones are structurally controlled and they
crosscut all rock types. Mineralized structures are characterized by pervasive
silicification, replacement and open-space filling silica veining, and brecciation. The
most intensely quartz veined and brecciated zones are typically no more than 3
meters wide, but less intense quartz veining and brecciation, and/or parallel
structures, occur over widths of several meters in the hangingwalls and footwalls of
the main structures. Veins and mineralized structural zones can be continuously
traced for as much as 1,200 meters along strike and are exposed over vertical
ranges of as much as 220 meters. The more intensely exploited zones have been
nearly continuously mined or prospected over as much as 800m of strike extent.
Vein textures indicate multiple stages of veining, and silica replacement of calcite.
The multi-stage veins are comprised of aplitic white silica, aphanitic dense silica, and
open space filling drusy quartz. Silicified healed breccias are present in the same
structural zones that host the banded veins and consist of angular white silica
fragments in grey aphanitic silica matrix. The veins exposed at surface are oxidized
and Fe-oxide stained. They originally contained no more than a few percent sulfides
and sulfosalts. Primary vein minerals identified in unoxidized vein material collected
from mine stockpiles include pyrite, and occasionally tetrahedrite and galena. Host
rocks are typically sericitized and were originally pyritic, as evidenced by
disseminated iron oxides pseudomorphous after pyrite.

The gold occurrences at Caliche are associated with elevated silver contents, and
occasionally, with elevated lead and zinc concentrations. Analysis of 374 rock chip
samples that contained greater than 50 ppb gold does not yield significant positive
correlations between gold and any metal other than silver (Table 11.1). A strong
positive statistical correlation between Cu and Sb, with a correlation coefficient of
0.99, indicates that tetrahedrite ((Cu,Fe)12Sb4S13) is probably the only cupriferous
mineral present. Positive correlations are noted between Pb, Zn, and Mo,
suggesting a coeval deposition of these metals, and Mo and As positively correlate.

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Table 11.1 Correlation Coefficients, 374 rock chip samples containing >50 pbb Au.

Correlation Coefficient Matrix, Major Metals, Rock Chip Samples


Au Ag Cu Pb Zn As Mo Sb
Au 1.00 0.49 0.01 0.20 0.10 0.03 0.04 0.00
Ag 0.50 1.00 0.22 0.22 0.09 0.03 0.07 0.21
Cu 0.02 0.23 1.00 0.08 0.04 0.10 0.17 0.99
Pb 0.24 0.25 0.09 1.00 0.44 0.26 0.33 0.04
Zn 0.11 0.10 0.04 0.43 1.00 0.05 0.11 0.01
As 0.05 0.04 0.10 0.26 0.05 1.00 0.70 0.08
Mo 0.06 0.08 0.17 0.34 0.10 0.69 1.00 0.15
Sb 0.01 0.22 0.99 0.04 0.01 0.08 0.15 1.00

At the exposures sampled, gold and silver are the only metals present in
economically significant amounts, although significant Pb and Zn contents are
sometimes observed. The average metal contents of 374 rock chip samples that
contained at least 50 ppb Au are 1.11 gpt Au, 22 gpt Ag, and less than 0.2% each of
Pb and Zn (Table 11.2). Assay results for major metals for all 457 rock chip samples
are included as Appendix A.

Table 11.2. Summary statistics, 374 rock chip samples containing >50 ppb Au.

All metal contents reported in ppb


Au Ag Cu Pb Zn As Mo Sb
Avg 1.11 22 173 1952 1241 37 8 5
Max 14.40 778 24800 30600 31900 1170 321 1370
Min 0.05 0 0 0 0 0 0 0
Std Dev 2.00 61 1289 3457 2692 103 26 72

The known mineral occurrences occur within an 6km2 zone that hosts hundreds of
mineralized structures and veins and is associated with large scale but irregular
zones of hydrothermal alteration including hematization, pyritization (now evidenced
by Fe-oxides), weak silicification, sericitization, and chloritization. Detailed mapping
is required to determine the relationships between the differing alteration
assemblages.

In respect to geologic setting, structural style, and ore and gangue mineralogy, the
mineral occurrences visited by the author at the Caliche project are similar to many
epithermal, low sulfidation gold-silver-polymetallic deposits, as discussed in Item 10
of this report.

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11.2 Historic Mines and Showings

The Caliche property hosts hundreds of surface cuts, prospect pits, and small scale
underground mines developed on steeply- to moderately-dipping, structurally
controlled mineralized zones and quartz veins (Figure 11.1). Corex has thus far
conducted only reconnaissance sampling of the most prominent and accessible
mineralized zones. For purposes of this review, eight areas of historic mining
activity were visited in order to characterize the style and setting of gold
mineralization at the Caliche project. Areas visited by M Gray are briefly described
in this section.

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Figure 11.1. Principal veins and historic mine workings, Caliche Project.

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11.2.1 Los Japoneses – Los Cuervos

The Los Japoneses area includes the Los Japoneses and Los Cuervos mine
workings, with the latter being the southern extension of the former. The
underground mine workings at Los Japoneses exploited the vein over at least an 80
meter vertical interval and the historic workings and prospects expose the vein for a
strike length of 550 meters. Stoped widths are as much as 3 meters. The vein is
hosted by siltstone, arkose, massive granodiorite, and a granodioritic sill. The vein
strikes NA320 to 340 and dips 65 to 80 degrees northeast (Figure 11.2). Wallrocks
are sericitized and are cut by variable amounts of quartz veinlets. The wallrock is
now oxidized, but originally contained several percent disseminated fine grained
pyrite. Parallel mineralized structures are present in the footwall of the Japoneses
structure and yielded as much as 12 gpt Au over widths of 1m (Figure 11.3). The
southernmost extent of the structure, by local usage termed the Los Cuervos vein, is
hosted by sericitized and pyritic granodiorite, which may be significantly auriferous
even when significant veining is absent. Outcrops of pervasively sericitized and
pyritic granodiorite with patchy pervasive silicification and less than 2% quartz vein
stockwork assayed as much as 1.3 gpt Au at Los Cuervos (Figure 11.4) indicating
potential for disseminated or stockwork style mineralization.

Figure 11.2. Los Japoneses mineralized structure. Photo looking NA320 down strike of
structure. Geologist M Gray has hammer on planar hangingwall fault plane. Sample B14048
taken across stoped portion of vein yielded 2.1 gpt Au and 77 gpt Au. Wallrock is siltstone.

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Figure 11.3. Mineralized structure footwall to Los Japoneses structure. Photo looking NA340
down strike of structure. Sample B14056 taken across 1m yielded 12 gpt Au. Sample C302405
collected by M Gray across 1m of the same zone yielded 4.1 gpt Au. Wallrock is granodioritic
sill.

Figure 11.4. Sericitized granodiorite with traces of silica veining and disseminated oxidized
pyrite, Los Cuervos area. Sample B14192 taken across 1m yielded 0.5 gpt Au. Sample
C302406 collected by M Gray across same zone yielded 1.3 gpt Au.

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11.2.2 Cabeza Blanca

The Cabeza Blanca showing comprises a 700m long, NA350 striking, 70 degree
northeast dipping mineralized structural zone that has been stoped over widths of as
much 5 meters. The vein is exposed over a vertical range of 120 meters. Wallrock
to the stoped zones is quartz veined and sericitized fine grained arenite (Figure
11.5). Vein textures indicate multiple stages of quartz deposition and casts after
bladed calcite are preserved within the vein (Figure 11.6). The structure has been
continuously mined at surface over hundreds of meters (Figure 11.7).
Reconnaissance sampling of the vein yielded as much as 5.9 gpt Au over a 1m
width.

Figure 11.5. Stockwork quartz veining in wallrock to Cabeza Blanca vein.

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Figure 11.6. Cabeza Blanca vein. Casts after bladed calcite in white sugary quartz vein.

Figure 11.7. Cabeza Blanca workings. View looking west at open cuts along Cabeza Blanca
vein.

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11.2.3 Buena Suerte

The Buena Suerte prospect comprises a 150m long mineralized structural zone
hosted by arkosic arenites and a granodioritic sill. The structure strikes NA340 and
dips 85 degrees to the northeast. Shallow workings expose a 1m wide zone of drusy
quartz veining along the structure, but of greater interest are zones of minor quartz
vein stockworks peripheral to the Buena Suerte structure. Reconnaissance
sampling of these zones yielded up to 0.5 gpt Au, suggesting the possibility for
discovery of disseminated or bulk minable mineralized zones. Sample C302404
collected by M Gray from the wallrock to the Buena Suerte structure yielded 3.2 gpt
Au and is a duplicate of sample B14089 that assayed 2.8 gpt Au.

11.2.4 El Colorado

Prospects and workings in the El Colorado area expose multi-stage silicified breccia
veins and banded and drusy quartz veined structural zones. The mineralized
structures are hosted by sericitized and chloritized granodiorite, and the most
prominent structures strike NA 335 and dip 55 to 65 degrees to the northeast. These
structures crop put over strike lengths in excess of 100 meters. They are crosscut
by northeast striking quartz veins (Figure 11.8). Reconnaissance sampling of the
main northwest striking structure yielded as much as 2.4 gpt Au over a 2m width. A
representative grab sample, C302402, collected by M Gray over a 1.5 m wide zone
of intensely silicified and brecciated granodiorite yielded 1.4 gpt Au.

Figure 11.8. El Colorado prospect. Geologist Isidro Flores has hammer on northeast striking
vertical quartz vein that crosscuts northwest striking, northeast dipping quartz vein (seen
from upper left corner of photo, trending down to feet of Flores). Host rock is sericitized
granodiorite.

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11.2.5 Las Abejas – Veta de Oro

The Las Abejas – Veta de Oro area encompasses numerous northwest striking,
northeast dipping veins and mineralized structural zones, hosted by siltstones and
fine grained arenites. The Veta de Oro - Las Abejas structure extends over a strike
length of 750 meters and has been mined over widths of as much as 2 meters.
Reconnaissance sampling of the structure has yielded as much as 3.0 gpt Au over a
0.8 meter width. The country rock in the Las Abejas area is a weakly pyritic (now
oxidized) siltstone that is crosscut by less than 2% quartz veinlets. Reconnaissance
sampling of these outcrops has yielded as much as 1.0 gpt Au, suggesting the
possibility for discovery of significant gold mineralization that is not restricted to the
major structures (Figure 11.9).

Figure 11.9. Stockwork at Veta de Oro – Las Abejas area. Fine grained hematitic arenite with
traces of disseminated fine grained Fe-oxide after pyrite and <2% silica stockwork
microveinlets. Sample site B14413, 1.0 gpt Au over 1.4 meters.

11.2.6 El Zorillo

The El Zorillo area host numerous northwest striking, steeply northeast- and
southwest-dipping mineralized structural zones and quartz veins hosted by dioritic
and granodioritic intrusions. In contrast to other vein zones at the Caliche prospect,
at El Zorillo white vitreous massive quartz veins (“bull quartz veins”) are commonly
present. Stoping on these veins indicate that they are locally mineralized, and
reconnaissance sampling of them has yielded as much 1.2 gpt Au over 1.2 m

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widths. Structurally controlled zones of dense silicification with abundant iron oxides
and amethyst veins were also observed, and the former have yielded as much as
5.8 gpt over sample widths of 4 meters (Figure 11.10). Alteration associated with
mineralization at El Zorillo includes pervasive chloritization and pervasive
sericitization.

Figure 11.10. El Zorillo roadcut. Geologist Isidro Flores has hammer on northwest striking
silicified zone that contains abundant earthy gossanous dark oxides. Host rock is
granodiorite. Sample B14160 collected over 4m at this site yielded 5.8 gpt Au. Sample
C302401 collected by M Gray over a 4m width yielded 5.2 gpt Au.

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11.2.7 La Española – La Magdalena

The La Española structure strikes NA350 and dips 65 degrees to the northeast. It is
traceable on surface for 600 meters of strike length and the Magdalena vein is
interpreted to be the northwest strike continuation of it, yielding a total strike length
of at least 1,300 meters Figure (11.1). It is up to 2m wide, and in contrast to other
veins seen at Caliche, no evidence of explosive brecciation was seen at La
Española. The vein is composed of rhythmically banded white and grey sugary and
drusy quartz (Figures 11.11 and 11.12) hosted by fine grained arenite and a
granodioritic sill. Surface samples collected across the vein yielded up to 2m @
8.0 gpt Au and 92 gpt Ag.

Figure 11.11. La Española vein. Samples of vein showing banded texture.

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Figure 11.12. La Española vein. Vein passes in front of geologist I Flores. View looking
NA350 down strike of vein. Cerro El Caliche in background.

11.2.8 La Muñeca-La Leona-Puerto de Oro

This area hosts northwest- and northeast-striking quartz veins and mineralized
structural zones hosted by granodiorite intrusive and fine grained arenites.
Individual structures can be traced as far as 950 meters and stoped vein widths are
as much as 2m. Reconnaissance sampling of the structures yielded as much as 2m
@ 6.1 gpt Au. and 1m @ 13.1 gpt Au. The host rock granodiorite is pervasively
sericitized and contains a few percent disseminated Fe-oxide pseudomorphous after
pyrite. Patchy pervasive silicification was also observed. The area is of interest
because of the relatively high density of mineralized structures of diverse
orientations and the pervasive sericite-pyrite+silica alteration assemblage,
suggesting the possibility of relatively broad zones of stockwork mineralization.

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12 EXPLORATION

Prior to commencement of Corex’s exploration program in 2006, the only recorded


modern exploration program known to have been conducted at the property was that
of Cambior Exploration in the period 1996 to 1998, as discussed in Item 8 of this
report.

Corex commenced reconnaissance exploration of the region in late 2006, and after
Memorandums of Understanding were executed with concession owners, project
evaluation began in February 2007 and continues to present. Exploration work
completed by Corex up to the date of this report includes 1:5,000 scale geologic
mapping, reconnaissance rock chip geochemical sampling, and roadcut sampling as
summarized in Table 12.1.

Table 12.1. Exploration Activities Summary

Exploration Activity Units Amount


Detailed Geologic Mapping 1:5,000 hectares 375
Rock Chip Sampling samples 457
Roadcut and Channel Sampling meters In progress

12.1 Geologic Mapping, Geochemical/Mineralogical Sampling

Geologic mapping at scale 1:5,000 has been completed only for the south central
portion of the project area, as discussed in Item 9 of this report and illustrated in
Figure 9.2. Reconnaissance rock chip sampling has been conducted of the central
portion of the project area, including areas with the highest concentrations of known
gold occurrences and historic mine workings. Samples were analyzed by an
independent international laboratory, ALS Chemex. Results are presented in
Appendix A. Details of the sampling program are presented in Item 14 of this report.

13 DRILLING

Corex has not conducted exploration drilling at the project. The only known drilling
activity at the project is that conducted by Cambior Exploration in 1997 and 1998 as
discussed in Item 8 of this report. This data is not available to the author.

14 SAMPLING METHOD AND APPROACH

14.1 Sampling Method, Nature, and Spacing

14.1.1 Surface Rock Chip Samples

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Concurrent with geologic mapping, project geologists collected surface rock chip
samples of outcropping zones of altered and mineralized rock. During the initial
reconnaissance evaluations of the project, Alan Hitchborn, Vice President
Exploration, Corex Gold Corporation, participated in sampling programs, but the
currently ongoing detailed rock chip sampling program is conducted by geologists in
the employ of Resource Geosciences de Mexico SA de CV. To the date of this
report, 457 rock chip samples have been collected and analyzed. The objective of
the sampling was to characterize the mineral deposit type(s) and to define zones of
gold enrichment within the identified alteration zones. Surface sample locations were
selected to be representative of the geologic feature being investigated.
Representative spot samples and continuous channel samples are collected.
Channel samples are obtained by chipping and collecting rock along a line
perpendicular to the orientation of the structure or feature being sampled. Channel
samples collected are normally 2m in length. All samples were collected by hand,
using hardened steel chisels, picks, and geological hammers. Samples were placed
in 10” x 14” cloth drawstring sample bags. Sample weights varied from 4.5 to 7.5 kg.
Sample spacing was variable, and was a function of exposure of mineralized or
altered rock. Sample numeration was in ascending order, using sample numbers
and sample tags provided by the analytical laboratory. Sample locations were
marked in the field with fluorescent plastic flagging and aluminum tags. Sample
descriptions, location data, and multi-element assay data were captured in digital
format for importation into map generation and interpretation software applications.

14.2 Recovery Factors

No factors were identified that materially impact the accuracy or reliability of the
sample results. Surface rock chip samples were collected manually and recovery
was 100%.

14.3 Sample Quality and Representativity

In the opinion of the author, samples collected are of high quality and representative
of the mineralized areas being evaluated.

Surface sample locations were selected to be representative of the geologic feature


being investigated. Continuous channel sample was collected by chipping and
collecting rock along a line perpendicular to the orientation of the structure or feature
being sampled (Figure 14.1). Industry standard methods and best professional
judgment were used in collection of the rock chip samples, however, by nature,
manually collected rock chip samples are of lesser quality than mechanically
collected continuous samples (i.e. cored or cut samples). The surface rock chip
samples are of sufficient quality and confidence to be used for preliminary
assessments of the project’s mineral potential.

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Figure 14.1. Geologist J Medina conducting channel sampling of road cuts, Cabeza Blanca
area.

14.4 Sample Interval Parameters

Regular sample intervals of 2.0 were used for most channel samples. Samples
collected of veins and mineralized structures varied from 0.4 to 2.0 meters width in
accordance with the width of the features being sampled.

15 SAMPLE PREPARATION, ANALYSES, AND SECURITY

It is the author’s opinion that sample preparation, security, and analytical procedures
used were adequate to insure the integrity and reliability of the sample data base.

15.1 Personnel

Surface rock chip samples were collected by project geologists and technicians
employed by Resource Geosciences de Mexico SA de CV. Alan Hitchborn, Vice
President Exploration of Corex Resource, participated in the earliest phases of
reconnaissance sampling at the project, and conducts on site reviews of the
exploration program, but neither he nor other employees, officers, directors, or
associates of Corex are directly involved in the ongoing detailed surface sampling
program.

15.2 Corex Resource Sampling Program

15.2.1 Sample Security/Chain of Custody

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Geologic descriptions of the sample, including nature of the sample, length of


sample, lithology, alteration, and mineralization, were captured in geologic field
books. Samples were sealed in cloth drawstring bags. Sample identification tags
were placed with each sample in the sample bag, and a matching tag was retained
in a sample book. Samples were stored on site in a warehouse at Rancho Cerro
Prieto. Upon leaving the project, the samples were carried by RGM personnel to
Hermosillo, Sonora, where they were delivered directly to a receiving and
preparation facility of ALS Chemex.

15.2.2 Sample Preparation by ALS Chemex

Analytical work was performed by ALS Chemex, an ISO 9001:2000 certified


international provider of analytical services to mining and exploration companies.
Sample preparation was conducted at the ALS Chemex facility in Hermosillo,
Sonora. Analyses were performed at their Vancouver, British Columbia, laboratory.

Each sample was dried and the entire sample was crushed to better than 70%
passing a 2 mm (Tyler 10 mesh) screen. Using a riffle splitter, a split of up to 250
grams was taken and pulverized to better than 85% passing a 75 micron (Tyler 200
mesh) screen.

15.2.3 Analytical Techniques used by ALS Chemex

Gold content was first analyzed utilizing standard fire assay fusion of a 50 gram
charge, followed by Atomic Absorption Spectroscopy (AAS). For those samples that
yielded assays greater than 10,000 ppb Au (or 10 gpt Au), the sample was assayed
again utilizing standard fire assay fusion, followed by gravimetric analysis. The two
methods and their detection and upper limits are described below.

Metal: Gold
Sample Decomposition: Fire Assay Fusion
Analytical Method: Atomic Absorption Spectroscopy (AAS)

A prepared sample is fused with a mixture of lead oxide, sodium carbonate, borax,
silica and other reagents as required, inquarted with 6 mg of gold-free silver and
then cupelled to yield a precious metal bead.

The bead is digested for ½ hour in dilute nitric acid. Hydrochloric acid is then added
and the solution is digested for an additional hour. The digested solution is cooled,
diluted to 7.5 ml with demineralized water, homogenized and then analyzed by
atomic absorption spectrometry. The detection limit is 5 ppb (.005 gpt) and the
upper limit is 10,000 ppb (10 gpt).

Metal: Gold
Sample Decomposition: Fire Assay Fusion
Analytical Method: Gravimetric

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A prepared sample is fused with a mixture of lead oxide, sodium carbonate, borax,
silica and other reagents in order to produce a lead button. The lead button
containing the precious metals is cupelled to remove the lead. The remaining gold
and silver bead is parted in dilute nitric acid, annealed and weighed as gold. Silver,
if requested, is then determined by the difference in weights. Optionally, blanks with
known silver and gold content can be assayed at the same time to determine the
correction factor for silver loss in the fusion and cupellation. The detection limit is 50
ppb (.05 gpt) and the upper limit is 1,000 gpt.

All other elements listed below were analyzed utilizing Inductively Coupled Plasma -
Atomic Emission Spectroscopy (ICP - AES) methods. The method and the detection
and upper limits for each element are described in Table 15.1 below.

Sample Decomposition: Nitric Aqua Regia Digestion


Analytical Method: Inductively Coupled Plasma - Atomic Emission
Spectroscopy (ICP - AES)

A prepared sample (0.50 grams) is digested with aqua regia for at least one hour in
a hot water bath. After cooling, the resulting solution is diluted to 12.5 ml with
demineralized water, mixed and analyzed by inductively coupled plasma-atomic
emission spectrometry. The analytical results are corrected for inter-element
spectral interferences.

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Table 15.1. Elements Analyzed and Analytical Limits.

Detection Upper
Element Symbol Limit Limit

* Aluminum Al 0.01% 15 %
Antimony Sb 2 ppm 1%
Arsenic As 2 ppm 1%
* Barium Ba 10 ppm 1%
* Beryllium Be 0.5 ppm 0.01 %
Bismuth Bi 2 ppm 1%
Cadmium Cd 0.5 ppm 0.05 %
* Calcium Ca 0.01% 15 %
* Chromium Cr 1 ppm 1%
Cobalt Co 1 ppm 1%
Copper Cu 1 ppm 1%
* Gallium Ga 10 ppm 1%
Iron Fe 0.01% 15 %
* Lanthanum La 10 ppm 1%
Lead Pb 2 ppm 1%
* Magnesium Mg 0.01% 15 %
Manganese Mn 5 ppm 1%
Mercury Hg 1 ppm 1%
Molybdenum Mo 1 ppm 1%
Nickel Ni 1 ppm 1%
Phosphorus P 10 ppm 1%
* Potassium K 0.01% 10 %
* Scandium Sc 1 ppm 1%
Silver Ag 0.2 ppm 0.01 %
* Sodium Na 0.01% 10 %
* Strontium Sr 1 ppm 1%
Sulfur S 0.01 % 10 %
* Thallium Tl 10 ppm 1%
* Titanium Ti 0.01% 10 %
* Tungsten W 10 ppm 1%
Uranium U 10 ppm 1%
Vanadium V 1 ppm 1%
Zinc Zn 2 ppm 1%

*Elements for which the digestion is possibly incomplete.

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16 DATA VERIFICATION

16.1 Prior Campaigns

No data is available from exploration campaigns conducted prior to Corex’s


involvement with the project.

16.2 Corex Exploration Campaign, 2006 to 2007

16.2.1 Rock Chip Sample Assays

All rock chip samples have been provided by ALS Chemex, an ISO 9001:2000
certified international provider of analytical services. ALS Chemex analytical
protocol includes industry standard QA/QC practices. Key components of the
QA/QC program are systematic insertion into the sample stream of blank, standard,
and duplicate samples.

Matthew D Gray obtained original assay certificates directly from ALS Chemex and
cross checked the project database against these original certified assay sheets to
verify the integrity of the database. M Gray reviewed original data sheets for blank,
duplicate, and standard samples analysed with the Caliche samples. Results
confirm that the analytical results of the rock chip sampling program are reliable and
suitable for exploration purposes.

As part of the field review, M Gray located sample sites in the field and collected 6
rock chip samples from sites previously sampled. Where the original sample was a
true channel sample, Gray collected a duplicate sample along the same sampling
cut. For the remaining cases the original samples were representative samples of
specific features thus Gray collected a representative sample of the same feature
but not at exactly the same location as the original sample. Gray collected the
verification samples and maintained control of the samples up until their delivery to
the ALS Chemex facility in Hermosillo, Sonora. The check sampling confirmed the
results of earlier sampling, and are summarized in Table 16.1.

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Table 16.1. Check sample comparison table.


Original  Au  M Gray  Au 
Sample ppm Description Original Sample Sample ppm Comments
4 meters with 4 Qtz vein + black mineral of 20‐30 cm 
wide, breccia Qtz vein, cavities after fragments?. 
Few Hematite patches, gray‐dark gray Qtz . Trend 
NW45/70‐60. Patches of silica , & moderate argillic  M Gray sample representative  
B14160 5.76 overprinting to phyllic. C302401 5.15 across 4m
350‐50, 2.0 m wide braccia with patches of gray  M Gray sample across 1.5m 
CA035 2.37 silice+ qtz veinlets, hematite pervasive,MnOx C302402 1.42 silicified breccia vein

70 cm of sample, including whithish‐grayish Qtz 
veining  (NW35/75 general trend ) with weak‐
moderate hematite +<< limonite in traces, black 
mineral traces +<<MnOx in fractures hosted in KfPQ  M Gray sample across 0.5m of 
B14385 7.51 rock with weak‐moderate  phyllic & weak propylitic C302403 1.90 quartz veined zone

Buena Suerte STR projection: NW30/80. Strong to 
moderate grayish‐whitish Qtz & Qtz + Black mineral 
+ Hematite (zoning black mineral ? Qtz + Hematite ?  M Gray sample across 1m of 
Qtz) stockwork & breccia. Strong fracturing, also  wallrock to Buena Suerte vein, 
B14089 2.79 drussy Qtz stockwork & Hem + <Qtz stockwork. C302404 3.15 silicified red siltstone
M Gray sample across 1m of 
Weak breccia and Qtz + Black mineral veining, faul  brecciated quartz‐sericite altered 
surface NW30/65, hosted in strong to moderate  granodiorite with earthy dark Fe‐
B14056 12.05 silicified gray PQP withPyOx traces. Channel sample C302405 4.11 oxides

KFPQ with moderate silicification, weak to moderate 
grayish & whitish <1‐2 mm Qtz stockwork with  M Gray sample across 1m of 
Hematite halos or c/fractures, weak phyllic,  sericite altered granodiorite with < 
B14192 0.471 stockwork with trend Nw10‐40 & NE30, PyOx ~1%. C302406 1.35 1% diss Fe‐oxide after sulfide

17 ADJACENT PROPERTIES

No information is available regarding adjacent properties.

18 METALLURGICAL TESTING

No metallurgical studies were conducted.

19 MINERAL RESOURCE ESTIMATE

Data is insufficient to permit estimation of a mineral resource.

20 OTHER RELEVANT DATA AND INFORMATION

As discussed in Item 8 of this report, Cambior Exploration conducted an exploration


drilling program at the project in 1997. Matthew D. Gray has personal knowledge of
the results gained during his employment with Cambior in Mexico at the time the drill
campaign was conducted. Summaries of their drill results were reviewed by the
Matthew D. Gray as discussed in Item 8 of this report, however the original assay

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certificates, field maps, notes, and reports were not available to the him, thus this
data is not further considered in this report and does not form the basis of any
conclusions or interpretations contained herein.

21 INTERPRETATION AND CONCLUSIONS

The Caliche project is prospective for low sulfidation, epithermal gold-silver deposits,
and intrusive-related precious metal and polymetallic deposits. The project hosts
structurally controlled zones of gold-silver mineralization hosted by diorite,
granodiorite, siltstone, and arenite. These mineralized zones form potentially bulk
minable stockworks, and planar, mineralized structures or veins. Reconnaissance
mapping and geochemical sampling of the property shows that the system was
capable of creating mineralized zones of economically significant grade and the
exposed areal extent of the system is in excess of 6 km2 . The dominant structural
controls are NA330 to 350 (NW-SE) and NA030 to 260 (NE-SW) high angle
structural zones that are variably brecciated, silicified, and quartz veined. Gold
concentrations are localized within discrete structural zones and within broader
zones of parallel structures, brecciation and/or stockwork quartz veining. The
reconnaissance evaluation of the project by the author validated that the project is
prospective for three target types:

1) Stockwork and/or disseminated zones of gold-silver mineralization, mineable


by open pit or bulk underground methods.
2) High grade, planar, precious- and base-metal mineralized structural zones or
veins.
3) Concealed, intrusive related precious metal deposits.

Examples of target type 1 include the Las Abejas-Veta de Oro, La Muñeca-La


Leona, and Los Japoneses-Los Cuervos areas, where pervasively sericitized, pyritic
(now oxidized), and stockwork quartz veined siltstone, arenite, and granodiorite are
gold mineralized as described in Item 11.2 of this report. Surface sampling of these
pervasively altered and/or stockwork veined zones demonstrates that in places they
host significant concentrations of gold, ranging from 0.5 to 1.4 gpt. The size and
continuity of these mineralized zones cannot be determined by surface mapping and
sampling.

Examples of target type 2 include the all of the epithermal veins identified at the
project, including those described in Item 11.2 of this report. Reconnaissance
sampling of these veins has yielded as much as 13.2 gpt Au over widths of 1m, and
8.0 gpt Au over widths of 2 meters. The textures observed at present levels of
exposure are consistent with those of the uppermost levels of epithermal vein
systems, therefore significant depth extensions to the veins may be reasonably
inferred to exist, and targets analogous to the high grade ore shoots being defined at
the nearby Mercedes project, as discussed in Item 10 of this report, should be
considered.

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Target type 3 is speculative and no examples of such are seen at surface. Its
possible existence is suggested by the presence of alteration assemblages typical of
intrusive related systems and by the Mo-As geochemical associations. The sericite-
pyrite-silica assemblage and the chlorite assemblage observed at Caliche may be
analogous to the phyllic and propylitic alteration zones associated with many
intrusive related deposits, and the Mo-As geochemical association is consistent with
relatively high temperature hydrothermal events associated with intrusive activity.
Calcareous sedimentary strata are present in the project area thus the project may
also be considered prospective for skarn deposits. These hypothesized targets
would be expected to occur below the presently exposed level of the system, thus
testing of this hypothesis would require drill testing to depths of greater than 150m
below current exposures.

The identified mineral showings at Caliche are consistent with those seen at low
sulfidation epithermal mineralized systems elsewhere in the Sierra Madre and
Altiplano provinces of Mexico. These systems may form economic deposits
mineable by underground or bulk surface methods. Deposits may be in the form of
mineralized structural zones with vertical ranges of 200 to 700m and strike lengths
ranging from hundreds of meters to in excess of 1 kilometer (Albinson et al., 2001),
or as zones of stockwork or disseminated mineralization localized by structures or
lithology. The Caliche project is prospective for both types of deposits. Additional
surface geologic and geochemical studies, followed by drilling, are required to
determine the size and grade of the mineralized zones at the Caliche project.

22 RECOMMENDATIONS

22.1 Exploration Recommendations

Reconnaissance evaluation of the Caliche project has demonstrated that it is


prospective for both bulk mineable precious metal deposits and high grade precious
metal veins. Styles of mineralization compatible with bulk mineable or disseminated
gold deposits have been identified, and assay data confirms that these zones are
auriferous, however the existing data is insufficient to determine the extent and
metal content of these zones. Numerous mineralized structures have been identified
that are analogous to economically important deposits exploited by present or past-
producing mines elsewhere in Mexico. Sampling of the mineralized zones identified
at Caliche in outcrop confirms that they host economically significant amounts of
precious metals. Data thus far obtained however is not sufficient to demonstrate the
continuity of mineralized zones or the grade distribution within them.

Work completed to date has identified drill targets meritorious of evaluation, but most
of the 6 km2 area of known gold occurrence has thus far not been mapped or
sampled in detail, thus additional geologic and geochemical surveys are necessary
to prioritize drill targets and identify additional areas of interest. The large size of the
mineralized system mandates that the initial drill program include sufficient meters to
allow for testing of numerous targets distributed throughout the system. In order to

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determine the economic potential of the project, a multi-stage exploration program is


recommended, with each successive stage conditional upon results obtained from
the previous. Stage 1 consists of geologic mapping and geochemical surveys to
define initial drill targets. The second stage entails drill testing of targets identified in
Stage 1. The first phase of drilling encompasses 4,000m of reverse circulation
drilling of multiple targets at the project, and if results are positive, would be followed
by an additional 8,000m of reverse circulation drilling to further test the targets
developed. The total cost for the first phase of the proposed program which
encompasses geologic and geochemical surveys sufficient to identify drill targets, is
estimated at $269,000 USD. The drilling phase costs are estimated at $468,000
USD for the first 4,000m, and an additional $870,000 USD for the contingent
8,000m, for a total program cost of $1.6M USD as summarized in the budget
presented as Table 22.1 below.

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Table 22.1. Recommended Work Plan and Budget, Caliche Project


MAPPING/SAMPLING AND DRILL TARGET DEFINITION PROGRAM
Item Units Unit Cost Total Cost
Camp/Hotel/Meals/Fuel 6 months 5,250 31,500
Assays - rock chip and
trenches 1000 samples 30 30,000
Contract Geologic Services 6 months 17,000 102,000
Samplers 6 months 2,000 12,000
Vehicles (3) 6 months 3,000 18,000
Surveying 1 5,000 5,000
Field Supplies 1 5,000 5,000
Travel Costs 1 10,000 10,000
Permits 1 permit 10,000 10,000
Earthworks - Roads,
Trenches 1 30,000 30,000
Reclamation 1 15,000 15,000
Total $268,500
DRILLING PROGRAM
Item Units Unit Cost Total Cost
Phase 1
Camp/Hotel/Meals/Fuel 1.5 months 5,250 7,875
Assays - rock chip and
trenches 200 samples 30 6,000
Contract Geologic Services 1.5 months 17,000 25,500
Samplers 1.5 months 2,000 3,000
Vehicles (3) 1.5 months 3,000 4,500
Surveying 1 3,000 3,000
Field Supplies 1 3,000 3,000
Travel Costs 1 3,000 3,000
Permits 1 permit 10,000 10,000
Earthworks - Roads,
Trenches, Drill Pads 1 25,000 25,000
Mobilization/Demobilization 1 10,000 10,000
RC Drilling - Initial Testing 4000 meters 70 280,000
Assays - drilling 2400 samples 30 72,000
Reclamation 1 15,000 15,000
Subtotal 467,875
Phase 2
Camp/Hotel/Meals/Fuel 2.5 months 5,000 12,500
Assays - rock chip and
trenches 300 samples 30 9,000
Contract Geologic Services 2.5 months 17,000 42,500
Samplers 2.5 months 2,000 5,000
Vehicles (3) 2.5 months 3,000 7,500
Surveying 1 5,000 5,000
Field Supplies 1 7,000 7,000
Travel Costs 1 7,000 7,000
Permits 1 permit 10,000 10,000
Earthworks - Roads,
Trenches, Drill Pads 1 35,000 35,000
RC Drilling - Follow Up 8000 meters 70 560,000
Assays - drilling 4800 samples 30 144,000
Reclamation 1 25,000 25,000
Subtotal 869,500
Total $1,337,375
Grand Total $1,605,875

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22.2 Recommendations for Field Procedures and QA and QC Protocols for


Future Drill Programs

The data collection and QA/QC policies implemented by Corex are appropriate for
an early stage exploration program. The protocols employed were satisfactory for
verifying the integrity and quality of the surface rock chip sample and analytical
database for exploration purposes, however, as the project advances to drill testing,
some changes to field practices and QA/QC policies are recommended as
summarized below.

- Topographic maps published by INEGI, a Mexican Federal Agency have


been used as the map base for the project. The maps are created at
50,000 scale with 20m contour intervals. Improved topographic control
will be helpful for correctly determining orientation, morphology, and size
of mineralized zones, and improved topographic control would be required
for resource estimation. Photogrammetric surveys should be completed to
allow creation of topographic base maps with contour intervals of 1m.
- Downhole surveys should be completed on all drillholes and drillhole
collars should be surveyed by precision methods.
- Certified blank samples inserted by Corex should be utilized in drilling
programs.
- Certified blank material should be prepared and verified by round robin
testing of multiple samples of a homogenized bulk sample, and the bulk
sample should be of sufficient size such that a consistent source of blank
material will be available throughout the drill program.
- Blank samples should not be inserted at regular intervals, rather they
should be irregularly inserted in zones of suspected elevated metal
concentrations.
- The project operator should submit duplicate samples to the primary
assay lab at a ratio of 1 duplicate per 15 or 20 samples. Duplicates
should be equal sized splits of reverse circulation cuttings or split core.
- Duplicates should be submitted to the secondary (check assay) lab at a
ratio of 1 duplicate per 20 samples. Duplicates should be equal sized
splits of reverse circulation cuttings or split core.
- The project operator should initiate the practice of submitting certified
standards of different grades at a ratio of 1 standard per 20 samples.
- A secured access warehouse should be constructed on site and used for
sample storage prior to delivery of samples to the analytical lab.

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23 REFERENCES

Albinson, T., Norman, D., Cole, D., and Chomiak, B., 2001, Controls on formation of
low-sulfidation epithermal deposits in Mexico: Constraints from fluid inclusion and
stable isotope data: in New Mines and Mineral Discoveries in Mexico and Central
America, Special Publication Number 8 of the Society of Economic Geologists, p. 1 -
32.

Berger, B.R., and Henley, R.W., 1989, Advances in the understanding of epithermal
gold silver deposits with special reference to the western United States: in The
Geology of Gold Deposits: the Perspective in 1988, Economic Geology Monograph
6, Keays, W.R., Ramsey, W.R.H., and Groves, D.I., editors, The Society of
Economic Geologists.

Bonham, H.F. Jr., 1988, Models for volcanic-hosted epithermal precious metal
deposits: in Bulk minable precious metal deposits of the western United States
Symposium Proceedings, Schafer, R.W., Cooper, J.J., and Vikre, P.G. editors,
Geological Society of Nevada.

Buchanan, L.J., 1981, Precious metal deposits associated with volcanic


environments in the southwest: in Relation of tectonics to ore deposits in the
Southern Cordillera, Dickenson, W.R., and Payne, W.D., editors, Arizona Geological
Society Digest, vol.14.

Consejo de Recursos Minerales, 1992, Monografia Geologico-Minera del Estado de


Sonora, Publicacion M-8e, Secretaria de Energia, Minas y Industria Paraestatal,
Subsecretaria de Minas, Mexico.

Hayba, D.O., Bethke, P.M., Heald, P., and Foley, N.K., 1985: Geologic, mineralogic,
and geochemical characteristics of volcanic-hosted epithermal precious metal
deposits. Reviews in Economic Geology v. 2 p. 129-167.

Heald, P., Foley, N.K., and Hayba, D.O., 1987: Comparative anatomy of volcanic-
hosted epithermal deposits: acid-sulfate and adularia-sericite types. Economic
Geology v. 82 p. 1-26.

Kern, R.R., and Sibthorpe, R.A., 2005, NI43-101 technical report on the Santa
Gertrudis, Sonora, Mexico, Technical Report Sonora Gold Corporation 21
September 2005.

Meridian Gold Inc., 2007, First quarter 2007 financial results and exploration update,
document available through System for Electronic Document Analysis and Retrieval
(SEDAR).

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 48 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Servicio Geologico Mexicano, 1999, Carta Geologico-Minera Saracachi H12’B72


Sonora, Escala 1:50,000.

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 49 of 116


Resource Geosciences de Mexico SA de CV
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24 STATEMENT OF QUALIFICATION

I, Matthew Dean Gray, of Hermosillo, Sonora, Mexico, do hereby certify:

1. That I am employed as a geologist at Resource Geosciences de Mexico SA de


CV (RGM), an independent consulting geosciences firm, whose address is Calle
14 de Abril No. 68, Colonia San Benito, Hermosillo, Sonora, CP 83190, MEXICO.

2. That: a.) I am a Certified Professional Geologist (#10688) with the American


Institute of Professional Geologists; b.) My qualifications include experience
applicable to the subject matter of this report; and c.) I am a “Qualified Person”
for the purposes of CSA National Instrument 43-101.

3. That I am a graduate of the Colorado School of Mines (Ph.D., Geology with


Minor in Mineral Economics, 1994; B.Sc., Geological Engineering, 1985) and the
University of Arizona (M.Sc., Geosciences, 1988) and that I have practiced my
profession continuously since 1988.

4. That I have no material interest, direct or indirect, in the property discussed in


this report titled “Summary Report on the Caliche Project, Municipio of Cucurpe,
Sonora, Mexico, Prepared for Corex Gold Corporation by Matthew D. Gray,
Ph.D., C.P.G. #10688, Resource Geosciences de Mexico SA de CV, Dated 31
July 2007” or in the securities of Corex Gold Corporation or Corex Global SA de
CV.

5. That I am independent of Corex Gold Corporation and Corex Global SA de CV


as per definition 1.4 of CSA NI43-101.

6. That I am not aware of any material fact or material change with respect to the
subject matter of this technical report which is not reflected in the technical report
and which the omission to disclose makes the technical report misleading.

7. That this report on the Caliche project, titled “Summary Report on the Caliche
Project, Municipio of Cucurpe, Sonora, Mexico, Prepared for Corex Gold
Corporation by Matthew D. Gray, Ph.D., C.P.G. #10688, Resource Geosciences
de Mexico SA de CV, Dated 31 July 2007” is based on a site visit to the Caliche
project in July 2007, and on a review of published and unpublished information
and that I have had no prior involvement with the property that is the subject of
this report beyond that disclosed in Items 4 and 8 of this report.

8. That I have read National Instrument 43-101 and Form 43-101 and that this
technical report has been prepared in compliance with the Instrument and Form
and that I am responsible for the compilation of this report in its entirety.

9. That I consent to the use of this report, titled “Summary Report on the Caliche
Project, Municipio of Cucurpe, Sonora, Mexico, Prepared for Corex Gold

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 50 of 116


Resource Geosciences de Mexico SA de CV
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APPENDIX A. ROCK CHIP SAMPLE ASSAYS


Coordinates WGS84 G730  All concentrations reported  in ppm       
Sample  UTM E  UTM N  Description  Au  Ag  Cu  Pb  Zn  As  Mo  Sb 
scarce micro Qtz veinlets, 
hematirte ‐ limonite in 
CA‐003  536254  3366785  fractures hosted by silstone  0.010  5  15  57  228  26  3  4 
micro breccia cemented by 
silice ‐ qtz, drussy qtz veinlets, 
weak oxidation, hosted by 
CA‐004  536272  3366806  rhyolite  0.126  29  8  77  69  31  1  7 
200‐75 drussy Qtz + milky Qtz 
stockwork, hematite pervasive 
mainly controlled by fracture, 
CA‐005  536708  3365365  hosted by silicified sandstone  1.010  11  25  109  60  9  4  11 
1.3 m wide, 10‐ 85 vein, 
bandde textue, silice breccia + 
drussy qtz+ MnOx, hosted by 
CA‐006  536842  3365176  oxidized sandstone  2.650  73  133  2650  2620  21  6  11 
350‐80, 1.0 m wide, banded 
Qtz veinlets + drussy qtz, weak 
CA‐007  535995  3365335  oxidation hosted by sandstone  4.850  12  196  2770  291  31  8  6 
320‐85,multi ‐ stage Qtz vein, 
bandded textute+ braccia, gray 
CA‐008  538158  3365554  silica  2.920  135  37  13600  1690  16  4  10 
320‐85,multi ‐ stage Qtz vein, 
bandded textute+ braccia, gray 
CA‐009  538143  3365577  silica  1.825  186  71  4550  2320  9  2  12 
hematite ‐ limonite pervasive 
in alted silstone, scarce micro 
qtz veinlets, footwall of Abel 
CA‐010  538122  3365587  structure  0.033  3  52  68  75  5  3  14 
Qtz ‐ Feld fine grain rock, micro 
qtz veinlets, drussy qtz and 
weak gray silica, fine Py 
disseminate, limonite+ 
CA‐011  538173  3365668  Jarosite+ hematite in fractures  0.079  4  31  479  220  55  6  4 
silstone ‐hornfel, drussy qtz 
stockwork, very weak 
CA‐012  538312  3365743  oxidation  0.034  2  15  68  198  32  3  8 
340‐70, 1.0 m wide shaering 
CA‐013  538452  3365453  zone controlling qtz veinlents  0.431  1  80  735  686  48  2  6 
320‐85, 22.0 m wide, multi ‐ 
stage Qtz vein, bandded 
CA‐014  537896  3365442  textute+ braccia, gray silica  8.000  92  139  2960  1960  22  14  9 
dump sample; 350 ‐ 75, multi 
stage Qtz  vein, bandding 
CA‐015  538015  3365022  texture, silce gray  1.715  133  235  15800  3320  179  4  16 
Dump sample, 345‐80, ‐1.0 m 
wide Qtz vein, gray silica, 
drussy qtz, qtz breccis, silce + 
pyOx and oxides in fractures 
CA‐019  536892  3364831  structure  11.950  60  312  2810  2190  26  2  8 
footwall, micro drussy qtz 
veinl;ets, 320 ‐ 75 structure, 
CA‐020  536832  3364612  hosted by weak oxidized ‐  0.095  10  59  549  458  5  2  8 

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sericitized Feld + Qtz rock 
Dump sample; 350 ‐ 70 
Qtz+PyOx boxwork, calcite 
reemplaced by silice, fine fresh 
CA‐021  536834  3364686  Py and Ag sulfosalt?  4.660  65  130  1610  1000  30  7  18 
Footwall Japoneses vein; 320‐
65, 1.0 m wide fracture zone 
controlling qtz veinlets, 
hematite in fractures hosted in 
CA‐022  536843  3365101  altered sandstone  3.330  82  34  836  553  37  7  13 
Japonese hanging wall, silstone 
‐ sandstone limonite in 
fractures, micro qtz 
CA‐023  537019  3365456  veinlets+PyOx  0.146  1  19  43  76  7  2  7 
340‐70, 2 m wide structure, qtz 
veinlets, hematite ‐ limonite in 
CA‐024  537143  3365558  fractures and pervasive  7.530  89  255  2130  1940  89  14  14 
340‐60, 1.5 to 3.0 m wide 
brecciate zone controlling qtz 
veinlets+silce‐Hematite‐
CA‐025  536967  3364878  MnOx=  3.410  75  178  1810  1710  31  9  12 
2.0 m wide stockwork, milky 
and drussy qtz + gray silica, 
hematite ‐ limonite ‐ MnOx in 
CA‐026  536957  3364949  fractures  1.000  11  206  4320  1430  18  12  12 
320‐75 structure hosted by 
altered calcareos silstone; qtz + 
silive veinlets, Hematite ‐ 
limonite and MnOx in 
CA‐028  537170  3365610  fractures, later calcite veinlets  0.404  126  55  1040  3280  61  31  20 
330‐55, 1.0 m wide structure, 
milky qtz+drussy qtz and silica 
breccia with hematite ‐ MnOx 
CA‐029  537076  3365777  in fractures  0.908  30  391  2760  7290  141  12  11 
330 ‐ 65, 1.5 m wide structure, 
multi stage silice events, gray 
silica, breccias, drussy qtz 
stockwork, hematite ‐ MnOx in 
fractures, later dark calcite 
CA‐030  536982  3365864  veinlets  0.520  52  292  3150  14700  74  25  7 
Dump sample: silsice + 
MnOx+dark calcite+ gray 
silice+ Hematite ‐ limonite in 
fractures, Multi stage silice 
CA‐031  536888  3365957  events  4.440  202  716  30600  12800  128  12  15 
160‐85, ‐1.0 m wide, banding 
qtz vein, drussy and milky qtz 
CA‐032  536607  3365790  with patches of gray silice  3.460  99  155  3690  1770  15  10  11 
355‐80, 1.0 m wide vein, gray 
silica+Py, drussy qtz, hematite 
CA‐033  536016  3365189  in fractures  5.850  104  418  6300  3060  48  8  9 
Qtz vein, banding texsture, qtz 
and gray silice+ drussy qtz, Py 
CA‐034  536016  3365176  boxwork.  0.743  12  253  3780  1210  14  2  19 
350‐50, 2.0 m wide braccia 
CA‐035  536057  3364677  with patches of gray silice+ qtz  2.370  12  609  9960  3970  914  217  9 

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veinlets, hematite 
pervasive,MnOx 
~1 m breccia Qtz vein w‐trend 
NW45° dipping 65°SW, weak 
sericite, moderate Hem‐
Goethite and Limonite 
CA‐040  536914  3363007  C/fractures  0.517  86  58  680  20  90  0  0 
Dark gray siltstone with 
moderate deformation 
(folding), with moderate Lim‐
Goethite c/fractures, bedding 
and foliation planes, weak 
MnOx C/fractures, wk and 
moderate oxidized sulfide + ‐‐
qtz stockwork crosscuting 
CA‐041  537036  3362916  bedding.  0.008  2  49  10  110  70  0  0 
Light gray‐gray siltstone‐shale 
w/1‐2 mm Qtz stockwork, Lim 
+ ‐MnOx + ‐Hem‐Goethite 
c/fractures, selective oxidation 
after epigenetic Py?, weak 
CA‐042  536668  3362906  silicification + sericite patches.  0.009  9  32  40  710  30  0  0 
Strong silicification, coarse 
grain sandstone and fine grain 
sedimentary breccia (5‐10 mm 
subangular grains or 
fragments) or aglomerate 
relict, weak brecciate w/Qtz 
cement, wk late? 1 mm Qtz 
stockwork crosscuting 
silicification, sericite traces, Qtz 
CA‐043  536630  3362923  + ‐  0.012  0  6  60  30  30  0  0 
Drussy Qtz vein, with silver in 
sulfosalts (black soft mineral), 
mod Hem‐‐Lim as patches & 
c/fract, fresh Py tr. Qtz vein 
hosted in poorly‐mod sorted 
arkosic sandstone & weak 
B14003  536685  3363573  silcified. Trend of STR SE10/70  0.866  10  102  950  790  20  0  0 
Moderate 1‐2 mm Qtz + 
Goeth‐‐Lim stocwork, weak & 
moderate silcified patches, 
sericite? traces, hosted in shale 
with few interbedding of fine 
grain sandstone. Stocwork 
trend NW20‐40/80 & NE40‐
B14004  536759  3363586  50/70‐80  0.088  1  8  190  370  0  0  0 
Strong silicification, NE45 & 
NW50 main Qtz stocwork 
trend, black mineral patches 
with 3‐5% of sulfosalt (?), fresh 
Py traces, hosted in shale, 
mod‐weak content of Goeth‐
B14005  536798  3363621  Lim & ‐‐Hem c/fract.  0.070  4  12  50  70  40  0  0 
Moderate Qtz stocwork (Qtz + 
B14006  536797  3363675  Hem + Lim), moderate  0.047  1  5  30  40  30  0  0 

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silicification near to fault 
(NW15/75‐80, hosted in fine 
grain arkosic (?) sandstone 
Dump sample, Hem and Lim 
c/fract., weal brecciate fine 
grain sandstone or siltstone, 
fragment supported breccia, 
drussy Qtz with black mineral, 
and also white Qtz veinlets, as 
well as, Qtz + oxidized sulfide 
(to Lim) veinlet. STR trend 
B14008  537116  3363800  NW30.  2.530  420  14  370  30  10  0  0 
weak to moderate 1‐5 mm Qtz 
+ ‐oxidized sulfide stocwork, 
weak silicified siltstone (gray 
color), also includes moderate 
drussy Qtz stocwork. STR trend 
B14009  537087  3363768  SW40‐30  0.096  6  5  80  20  40  25  0 
Moderate silicified arkosic 
sandstone, moderate to weak 
Hem‐Lim c/fractures, 
moderate 1‐15 mm Qtz + Hem 
stocwork, Py disseminate ‐1%, 
AsPy (?) tr, drussy Qtz 
B14010  537363  3363112  crosscuting white Qtz stocwork  0.050  4  13  160  10  110  0  0 
silicifed (in patches) sandstone 
with fresh pyrite disseminated, 
milky + drussy Qtz veinlets, 
B14011  537352  3363071  weak oxidation in surface.  0.087  7  8  130  10  60  0  0 
Weak 1‐3 mm Qtz stocwork, 
drussy Qtz (open space), some 
Qtz veinlets in bedding 
planes,weak to mod. Hem‐
Goeth c/fract., wk MnOx 
C/fract, siltstone interbedding 
shale & fine grain sandstone 
with weak silicification an 
B14012  537296  3362911  sercite traces.  0.018  1  33  30  290  60  0  0 
Weak brecciate arkosic 
sandstone zone, 20 cm of 
breccia Qtz vein, weak Lim‐‐
Hem, black‐dark blue (metallic 
luster) with black‐dark brown 
streak, weak malachite 
patches, patches with Py 
boxwork 1‐2%. STR trend 
B14030  537414  3364884  NW30.  0.125  16  2420  950  870  20  0  10 
Dump Sample: Cooper oxides 
(malachita ‐ azurite), Hematite 
‐ limonite in fractures, milky + 
B14031  537413  3364887  drussy Qtz veinlets  0.625  265  24800  3930  1550  190  80  1370 
315‐80, 1.0 m wide, milky Qtz + 
gray silice with Pyrite + 
B14032  537441  3364917  Galena+ Sphalerite.  0.466  41  356  3080  1360  0  55  20 
Moderate Qtz & Hem + ‐Qtz 
B14033  537440  3364919  stockwork (NW20), moderate  2.430  11  895  1090  680  20  27  190 

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Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Hem c/fract., malachite 
traces,also black min. (MnOx) 
c/fract, patches of phyllic 
alteration. Hosted in pinkish‐
gray arkosic sandstone.  2 m 
channel sample of wall rock. 
Weak to mod Lim‐‐‐Hem 
c/fract & in groundmass, 
moderate argillic overprinting 
to phyllic?, includes 10‐30 cm 
of breccia STRucture 
withsilicified & mod‐strong 
Lim‐Hem‐‐Goeth + ‐Qtz as 
cement, trend NE40‐50/50‐60. 
Hosted in siltstone & 
B14039  536610  3363597  sandstone. La India  0.050  12  20  150  120  90  0  0 
Moderate Hem + ‐Qtz 
stocwork with STR trend SE70 
hosted in silstone and shale, 
folded sequences, bull? Qtz 
breccia, moderate Hem‐‐Lim 
c/fract., weak silicification and 
late argillic. Año nuevo old 
B14040  536441  3363332  working  2.160  193  37  400  140  90  0  0 
Weak Hem content c/fract & 
moderate selective Hem in 
groundmass, moderate 1‐10 
mm grayish drussy Qtz + ‐
oxidized sulfide stockwork 
mostly SE30/65 & ‐NW40/65, 
sparse moderate phyllic 
alteration in patches. Hosted in 
medium grain pinkish/beige 
B14041  536870  3365110  sandstone,   0.396  4  28  300  1050  0  0  0 
Moderate irregular Qtz 
stockwork, moderate to weak 
phyllic alteration (Qtz + ‐‐ser), 
moderate Hematite (after 
sulfide?), weak clay 
overprinting sericite. Sample 
located on SW wall rock, STR 
with fault surface NW20/65. 
B14042  536853  3365128  Host rock arkosic sandstone  1.215  22  44  840  1340  0  6  0 
20‐30 cm of breccia Qtz vein 
(weak brecciate), & moderate ‐
15 mm Qtz + ‐Black sulfosalt? 
Stocwork withtrend Nw20/70, 
oxidized sulfide disseminate 
~2%, mod Hem‐‐‐Lim in 
groundmass. Poorly sorted and 
folded arkosic sandstone 
B14043  536839  3365146  (NE20/70)  1.130  20  93  1680  3010  0  0  0 
Strong to mod Qtz + ‐black 
mineral veining & 30 cm 
withstrong Hem + ‐Qtz as 
cement (‐10%) on bull Qtz, 
B14044  536835  3365215  Japoneses STR projection, Qtz  3.530  21  55  2750  880  0  13  0 

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veining with trend NW20 & ‐
NW40/70‐75. Hosted in folded 
slate or fine grain 
metasediments sequence 
(arkosic sandstone) w 
Structure: NW50/65 (Fault) & 
moderate silicification & 
Hematite, sericite trace, on NE 
wall rock with moderate argillic 
(‐1‐1 m wide) overprinting 
moderate phyllic (Qtz + 
Sercite).  Moderate Hem 
content mostly in fractures and 
B14045  536835  3365106  replacing sulfide or bioti  1.675  23  36  820  680  0  0  0 
Structure:NW05/80, Grayihs 
and beige rock (meddium grain 
sandstone), moderate to weak 
silicification, mod ‐1 mm gray 
Qtz stockwork, weak Hem‐‐lim 
c/fract.,sericite traces, weak 
content of MnOx, biotite (?) 
B14046  536809  3365149  alterated to Hem‐Lim.  1.580  28  28  750  680  0  0  0 
Sample located in hanging wall 
of Japoneses STR, with 
moderate grayish &whitish fine 
grain Qtz banding as 
stockwork, weak to moderate 
argillic, & wk patches of Qtz + ‐
sericite hosted  in pinkish‐
B14047  536887  3365090  grayish arckosic sandstone.  0.196  3  12  170  1100  10  0  0 
Los Japoneses projected STR 
(NW25/60‐65). Banded Qtz + 
Black sulfosal? + ‐Galena, 
B14048  536902  3365073  moderate Hematite content.  2.080  77  120  3010  3190  0  31  0 
Grayish PQP (Plagioclase‐‐Qtz 
Porphyritic texture) with weak 
to moderate Qtz + ‐Sericite 
patches, patches of moderate 
argillic, oxidized biotite? & 
PyOx traces. Strong fracturing 
B14049  536885  3365076  zone.  0.104  1  19  200  660  0  0  0 
Beige‐‐reddish arkosic 
sandstone (1 mm grain size 
average) with weak to 
moderate 1‐2 mm Qtz + ‐
Oxidized sulfide (to Hem) 
stockwork, & PyOx? Diss ‐1%. 
Folded sandstone with main 
B14050  536920  3365080  trend NE60/20‐30.  0.126  2  12  70  200  0  0  0 
Moderate ‐1mm Qtz + ‐Hem 
stockwork (NW40/75 &, ‐SW25 
& ‐SW10, with high angle 
dipping 70‐80), moderate Hem 
content in grdmass (selective, 
after sulfide?) ~3%, patches of 
B14051  536677  3365124  weak‐moderate silicification &  0.020  0  7  10  40  0  0  0 

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c/fract.,Sercite traces. Weak 
bull Qtz. Hosted in gr 
Reddish‐red Hematite stain 
sandstone (arkosic) fine grain (‐
0.3 mm grain size). Oxidized 
lithic (?) grains, weak to 
moderate 2‐4 mm Qtz + ‐‐
Oxidized sulfide (to Hem), kind 
of crackle breccia (30 cm wide) 
with stockwork of drussy Qtz + 
B14052  536659  3365056  Hem (Hem ? Qtz zon  0.026  0  19  10  40  100  0  0 
Moderate Qtz + ‐acicular balck 
mineral stockwork with main 
trend Fault & trend NW30/75 
& ‐SE35/65,  weak Hem 
content in fract, hosted in 
B14053  536730  3365142  reddish arkosic? Sandstone.  0.040  0  0  0  20  0  0  0 
Weak to moderate 
silicification, weak brecciate 
rock with bull? Qtz and banded 
Qtz (Black mineral ? Qtz 
zoning), and moderate content 
of strong late? Hematite + ‐Lim 
after sulfide. Trend SE50/80. 
Hosted in medium grain 
B14054  536711  3365242  arkosic sandstone.  0.155  2  5  140  140  0  0  10 
Beige‐grayish medium grain (1 
mm average) sandstone, PyOx 
? Disseminate ‐1%, mod Qtz + 
Hem + Black mineral (Black 
mineral  ? Qtz  ? Hematite 
zoning) in several trends but 
mostly SE30/70, sporadic Qtz + 
B14055  536732  3365187  ‐sericite patches.  0.018  0  5  50  80  0  0  10 
Weak breccia and Qtz + Black 
mineral veining, faul surface 
NW30/65, hosted in strong to 
moderate silicified gray PQP 
withPyOx traces.Channel 
B14056  536796  3365106  sample  12.050  12  123  1990  520  0  0  0 
Moderate content of strong 
Hematite c/fract, moderate 
gray Qtz stocwork, & 20 cm of 
weak Qtz breccia with fault 
surface NW20/85, both sides 
of wall rock with moderate‐
strong silicification, PyOx 
traces. Moderate Qtz + ‐
sericite alteration. Lim tr. 
B14057  536755  3365213  Hoste  0.267  3  8  450  380  0  0  0 
Moderate Hematite‐‐Lim 
c/fractures, weak grayish Qtz 
veinlets, moderate argillc 
(supergene?), weak phyllic 
alteration (Qtz + Sericite), 
B14058  536818  3365247  hosted  in ‐1‐1 mm grain size  0.131  0  53  60  150  50  7  10 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 58 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

sandstone. Channel sample. 
Strong fracturing and Fault 
zone NE10° (same trend as 
"bull 
PQP with moderate Phyllic & 
argillic overprinting, moderate 
1‐4 mm Qtz + ‐Lim‐Hem (after 
sulfide) crosscuting? "Bull Qtz". 
B14059  536802  3365283  STR trend NW50°/80°  0.029  0  15  30  60  20  0  0 
Crackle breccia with Hem + ‐
Qtz as cement, moderate 1‐3 
mm banded Qtz (white & 
grayish Qtz) & Qtz + ‐Black 
mineral stockwork. Hosted in 
strong to moderate silicified 
PQP and phyllic patches. 
Moderate content of Hem in 
B14060  536818  3365302  fractures.  0.163  0  5  0  20  10  0  0 
Moderate 1‐5 mm Qtz gray‐
grayish Qtz + ‐Lim (after Py?) 
and Qtz + ‐Black mineral 
stockwork (drussy Qtz), mostly 
NW & SE30‐40, weak Hem 
c/fract., PyOx diss ~2‐3%, weak 
phyllic and silicification, as well 
as, weak argillic, 0.5‐1.0 mm 
B14061  536862  3365332  grain size sandstone  0.053  1  11  30  100  20  0  0 
Weak grayish Qtz + ‐Hematite‐
Goethite (after sulfide) 
stockwork & moderate whitish 
"bull Qtz" with trend 
NW25/70‐80, sporadic patches 
of Qtz + sericite, & moderate 
silicification, some places no 
clear rock texture, Brownish 
B14062  536868  3365227  and gray rock color).  2.640  73  101  220  240  0  0  0 
Moderate phyllic alteration 
(sericite + ‐‐Qtz), weak to 
moderate 1‐5 mm grayish Qtz 
+ ‐Hematite‐‐Limonite (after 
sulfide) mostly withtrend 
SE30/70, 0.5‐1.0 mm grain size 
arkosic sandstone, weak 
B14063  536869  3365210  supergene argillic  0.060  1  29  70  120  30  0  0 
30 cm of Qtz + Hem‐‐‐Lim 
(after sulfide) veining and Qtz + 
‐Black  mineral stockwork, 
includes dark gray & white Qtz, 
moderate silicification patches, 
Sericite traces,PyOx ~1%, and  
wall rock with moderate ‐1‐1 
mm grayish Qtz stockwork. 
B14064  536940  3365238  Hosted in 0.5‐1.  0.277  2  27  500  230  50  0  0 
Moderate grayish, whitish and 
bull Qtz stockowork with trend 
B14065  536877  3365342  mostly SE50/70, including 20  1.355  33  44  570  550  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 59 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

cm of Qtz veining‐strong 
silicification and mod‐strong 
Lim &Hem (after sulfide), 
sporadic unoxidized patches 
with Py disseminate 2‐3% & 
black sheetted black sulfid 
Strong transparent and drussy 
Qtz, weak Hematite in 
groundmass & C/fract, PyOx ‐
1%, weak brecciate rock by 
transparente Qtz veinlets, 
whitish outcrop, NE30 main 
stockowrk, strong silicified 
B14066  536969  3365459  sandstone or rhyolitic dike?.  0.143  8  18  230  80  0  0  0 
Strong silicified sandstone ? 
(no clear texture), weak crackle 
breccia, weak transparente Qtz 
& Qtz +‐Hematite stockwork 
B14067  536954  3365446  (main trend NW40, PyOx ~1%.  0.754  6  40  160  40  30  0  0 
Moderate content of strong 
Hematite, weak Qtz + sericite? 
veinlets in fractures (mostly in 
bedding planes or foliation), 
moderate silicification patches 
remnant, moderate to strong 
argillic. Medium to fine grain 
B14068  536948  3365478  sandstone  texture remnant.  0.097  1  21  20  70  0  0  0 
1.5 m sample, including 30 cm 
of Qtz vein, hosted in 
moderate silicified PQP & weak 
B14069  536957  3365553  patches of phyllic alteration  2.360  41  60  1020  380  0  6  0 
1.8  m sample with 30‐10 cm 
gray to whitish Qtz + <Oxidized 
sulfide + <black mineral 
veining, patches of strong 
argillic & moderate Hem 
content. Also 50 cm of fault 
displacement with trend 
B14070  536942  3365599  NW10/60.  1.730  48  189  5050  2180  50  105  10 
Moderate grayish‐whitish & 
transparent‐light gray Qtz 
stockwork, also "bull Qtz", and 
amethyst Qtz, hosted in 
moderate silicified PQP, mostly 
of stockwork with trend 
NW25/80 (as fault surface) & 
few Qtz + Hematite (after 
B14071  536967  3365526  sulfide) veining (1‐3 cm), wea  0.303  5  49  850  320  20  0  0 
Moderate silicified <1 m wide 
PQP, weak brecciate rock with 
<5% of Hem infill, patches of 
moderate Qtz + sericite 
(phyllic), weak Qtz veinlets. 
B14072  536820  3365452  Fault trend SE10/85.  0.098  1  13  140  110  0  0  0 
1 m wide sample. 15‐20 cm 
B14073  536778  3365555  with gray‐whitish Qtz vein  4.660  41  365  5100  1270  30  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 60 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

(NW40/80), rest of sample 
with moderate Qtz + <Hem 
stockwork, moderate silicified 
PQP with Py diss <1% (<0.1 mm 
crystals). Sericite traces. 
Patches of late stage(?) Drussy 
amethyst Qtz, weak black min 
Moderate grayish‐transparent 
& irregulat drussy Qtz + 
<Hematite, moderate silicified 
patches, Qtz + sericite 
c/fractures, PyOx disseminate 
~3%, traces of patches with un‐
oxidized Py. 0.5‐1 mm grain 
size sandstone, moderate Lim‐
B14074  536711  3365536  Hem c/fract., patches of m  0.059  1  36  100  320  50  0  0 
Moderate to strong whitish‐
grayish & transparent Qtz in 
bedding planes, pervasive 
replacing of probably tiny 
bedded Limestone (<1‐2 cm 
laminations) to whitish drussy 
Qtz, and enclosing moderate 
silicified fine grain sandstone & 
B14075  537113  3365717  siltstone with moderate L  0.072  4  12  100  100  20  38  10 
STR: NW25/55, weak brecciate 
STR with~20% of Qtz, including 
banded Qtz + Hem (Hem‐‐‐Qtz) 
veining, and moderate 
Hematite c/fractures. Includes 
fragments of propylitic arkosic 
sandstone, patches of 
moderate argillic 
(supergenic?), 1.6 wide 
B14076  537073  3365786  sample.  2.020  32  451  3680  7490  150  26  0 
Veta de Oro STR projection 
(NW35/60 & <<NW60/70). 
Sample incliding 10 cm of 
breccia Qtz vein, moderate to 
strong Qtz + Sericite in STR, 
weak  Lim + <Hem c/fractures, 
moderate grayish Qtz + <Lim or 
Hem (after sulfide) stockwork, 
B14077  536932  3365932  hosted in coarse & <<fine  0.877  13  56  560  1090  10  0  0 
Veta de Oro STR projection 
(NW50/55). Weak brecciate & 
20 cm as breccia Qtz vein (Qtz 
40%) with grayihs‐<whitish & 
white Qtz, moderate 
overprinting phyllic patches to 
weak Chlorite. Hosted in fine 
grain sandstone & siltstone 
sequence, weak Hem & <<Lim 
B14078  536848  3366034  c  3.590  173  385  5000  5510  50  0  0 
STR: NW‐SE/80‐90. 1 meter 
sample. Including 30 cm of 
B14079  536677  3366090  gray‐whitish drussy Qtz  0.785  22  95  3030  1390  30  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 61 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

veining, moderate phyllic and 
weak Qtz stokcowork in SW 
wall rock. 
1.5 m wide of sampling, 
indluding 20 cm with grayish‐
whitish to transparent Qtz 
breccia vein, moderate 
Hematite & black mineral, 
drussy Qtz. STR trend: 
NW10/85. Also includes 
moderate Hem patches and 
Qtz stockwork. Medium grain 
B14080  536774  3365333  sandstone with weak to mo  0.819  8  20  600  750  0  0  0 
1.7 m channel sample. 
Moderate grayish & drussy Qtz 
+ <late Hematite stockwork 
(0.3‐3 cm veining), weak 
content of moderate Hem 
c/fract, hosted in moderate to 
strong phyllic alteration (Qtz + 
sericite) & PyOx (?) 
disseminate ~2‐3% alterated to 
B14081  536803  3365362  Hem or Li  1.230  26  24  840  440  10  0  0 
Weak Hem in groundmass, 
weak grayish Qtz veinlets & 
traces of Hem + <Qtz veinlets, 
PyOx disseminate <1%, 
sporadic patches of PyOx 
~40%. Poorly sorted sandstone 
(50% 0.5 mm grain size, ~30% 
of 1‐3 mm  shale (?) subangular 
B14082  536615  3365591  fragments alterated to sericite   0.274  1  12  50  150  50  0  0 
PQP with moderate to weak 
silicification patches, weak to 
mod 1‐10 mm grayish to 
whitish Qtz & Qtz + Hematite 
stockwork (several trends), 
Sericite traces. PyOx 
disseminate <1%, few patches 
of moderate Hematite. 
Fracturing NW15/85. Weak 
B14083  536562  3365568  content of mod He  0.040  0  0  50  70  0  0  0 
NW‐SE 60‐70/80‐90 & 
<SW10/85 moderate grayish 
drussy Qtz stockwork, weak to 
mod MnOx c/fract., sample 
also inclides 0.5 m of each side 
of wall rock, and SW wall rock 
B14084  536638  3365583  with moderate Hematite.  1.970  4  54  300  460  60  0  0 
Sample located on SW wall 
rock. STR: NW45/75, moderate 
weathered grayish‐purplish 
rock with 1‐2 mm plagiocase 
crystals & aphanitic 
groundmass, Chlorite traces, 
weak to moderate MnOx‐‐‐Qtz 
B14085  536688  3365604  & Qtz‐‐‐MnOx stockwork.  0.282  10  48  350  980  60  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 62 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Folded and laminated 
siltstone‐shale & limestone 
with weak gray silicification 
along bedding planes. Soft 
rock, moderate MnOx c/fract., 
Hematite patches along 
B14086  536647  3365407  bedding planes.  0.039  9  166  990  3120  60  13  0 
Moderate silicification and 
phyllic (PQP contact zone), & 
weak grayish Qtz + Hematite 
stockwork & also whitish 
drussy Qtz, main trend NW40, 
PyOx (?) <1%, Limonite traces 
B14087  536430  3365242  c/fractures.  0.266  0  6  20  50  0  0  0 
Moderate Qtz veining (drussy 
and banding) with trend 
NW50‐60 & NW20, ~2 m of 
breccia Qtz. Host rock: 
moderate silicified PQP, weak 
Hematite as patches. Sporadic 
B14088  536398  3365290  argillic patches.  0.300  5  30  1120  740  10  0  0 
Buena Suerte STR projection: 
NW30/80. Strong to moderate 
grayish‐whitish Qtz & Qtz + 
Black mineral + Hematite 
(zoning black mineral ? Qtz + 
Hematite ? Qtz) stockwork & 
breccia. Strong fracturing, also 
drussy Qtz stockwork & Hem + 
B14089  536433  3365271  <Qtz stockwork. Hosted   2.790  5  101  1100  240  60  0  0 
Buena Suerte STR Projection: 
NW‐SE20/85‐90. Sample 
including 30 cm of Qtz vein 
(Qtz + <Hem (after sulfide) + 
<Black mineral), and 1 meter of 
sample with strong silicification 
and Qtz stockwork, 20 cm of 
Fault breccia along vein. 
B14090  536408  3365315  Hosted in strong silicif  0.436  9  37  480  250  0  0  0 
Buena Suerte main STR 
projection NW40/85, 1.2 m 
sample including 15 cm of 
drussy banded Qtz + Black 
mineral + <Hem vein, rest of 
sample is weak brecciate 
sandstone withmoderate 
B14091  536333  3365394  drussy banded Qtz.  2.800  12  146  2900  290  0  0  0 
Moderate silicified gray‐<beige 
0.5‐1.0 mm grain size 
sandstone, weak Hem + <Qtz 
stockwork & moderate whitish‐
transparent Qtz stockwork in 
B14092  536326  3365389  several trends.  0.045  0  7  40  20  0  0  0 
PQP with moderate 
silicification, sericite patches, 
B14093  536671  3365293  moderate gray‐grayish drussy  0.199  1  20  210  270  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 63 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Qtz & <banded Qtz ? Hem ? 
Qtz stockwork, 20 cm with 
moderate Qtz + Black mineral 
veining & weak breccia STR 
(NW60/65). 
40% of Qtz (gray & whitish‐
transparent Qtz) cement in 
brecciate arkosic sandstone, 
siltstone & shale sequence, 
moderate Hematite in 
STRucture (NW10?), weak 
B14094  536623  3365267  silicification & sericite patches  0.184  4  80  580  550  60  0  0 
Strong silicified 0.5 mm grain 
size sandstone, weak and 
sporadic patches of sericite, 
moderate Hem + <Qtz & Qtz + 
Hematite stockwork, and Qtz + 
<Hem stockwork crosscuting 
B14095  536580  3365291  Hem + <Qtz stockwork.  0.393  13  60  280  90  30  0  10 
Moderate silcified PQP, few 
moderate Hematite patches, 
moderate drussy grayish‐
whitish transparent Qtz 
stockwork & breccia (Qtz 30%) 
with trend NW15 & NE‐SW20‐
B14096  536550  3365375  40.  0.508  6  49  560  210  20  0  0 
Moderate‐strong silicified 0.5 
mm gray sandstone, moderate 
Hem + <Qtz stockwork 
B14097  536533  3365403  (NW35/80), strong fracturing.  0.203  3  31  430  50  0  0  0 
80 cm of breccia STR (SE10/85) 
with 15‐20% of Qtz + Hematite 
(after sulfide) cement, 
moderate strong Hematite 
patches, contact zone of beige‐
grayish 0.5 mm grain size 
sandstone & PQP with 
moderate to strong 
B14098  535996  3365354  silicification.  1.380  2  189  2680  530  20  0  0 
Sporadic 2‐3 cm banded drussy 
Qtz + <Hem + <Black  mineral, 
hosted in reddish PQP with 
moderate to strong phyllic (Qtz 
+ <sericite), PyOx traces, weak 
B14099  535892  3365338  Hem c/fractures.  0.081  0  48  90  280  10  0  0 
1.4 m sample, including 80 cm 
of Qtz + Black mineral + 
Hematite breccia vein (~80% 
Qtz) with trend ~NW10/~70, 
also <SE10‐SW10 Qtz veining, 
SE wall rock with strong 
silicification & Qtz + <Hem 
B14100  535834  3365304  breccia.  6.660  58  169  1410  460  20  0  0 
STR NW35/70, 1 meter of 
drussy banded Qtz ? Black 
B14101  536649  3365669  mineral, sporadic moderate  5.970  19  584  8830  3040  140  11  10 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 64 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Hem patches, sample includes 
25 cm of both wall rock with 
moderate Hem + <Lim. NE wall 
rock with weak drussy 
amethyst Qtz. 
1.5 m sample, including 30 cm 
of banded Qtz ? Qtz + Black 
mineral ? Hem + <Qtz vein 
(NW35/65), wall rock with 
moderate drussy Qtz ? Black 
mineral + Hematite ? Qtz 
stockwork. Hosted in arkosic‐
lithic sandstone (0.5‐1.0 mm) 
with patches of moderate 
B14102  536606  3365730  phylli  0.998  4  294  2200  3260  60  0  10 
Arkosic‐lithic sandstone (0.5‐
1.0 mm) with weak to 
moderate silicification + phyllic 
patches, weak to moderate 1‐5 
mm grayish to whitish Qtz + 
<<Hem‐Limonite (after sulfide) 
stockwork (NW35‐50/70‐90), 
and minnor late? Hematite in 
B14103  536709  3365793  drussy open space.  0.278  1  104  480  590  0  0  0 
1.2 m sample in NE wall rock of 
40‐50 cm drussy and banded 
Qtz vein (NW15/75). Sample 
with weak to moderate 3‐10 
mm Qtz + Hematite stockwork 
crosscut by Qtz + <black 
mineral stockwork. Hosted in 
0.1‐0.5 mm arkosic sandstone 
B14104  536597  3365848  with weak sericite + <<Qtz ov  0.554  2  152  1460  2600  20  0  0 
STR NW30/70‐80, moderate 
gray‐grayish to <whitish drussy 
Qtz stockwork, sample includes 
35 cm of breccia Qtz vein (40% 
Qtz), hosted in fine grain 
sandstone (<0.1 mm), with 
weak phyllic (sericite + <Qtz) 
overprinting propylitic, STR 
B14105  536469  3365879  extends ~20 m SE30.  0.696  1  113  1470  1520  10  0  10 
Strong to moderate 2‐20 mm 
drussy gray‐grayish & 
<transparent to whitish Qtz + 
<<Black mineral + <<Hematite 
stockwork with trend 
NW35/70, hosted in pinkish‐
beige‐grayish <0.1‐0.2 mm 
grain size sandstone, 1 meter 
sample of weak brecciate rock 
B14106  536558  3366019  & strong Qt  0.222  1  74  380  380  20  0  0 
Weak & <<moderate  Hematite 
+ <<Qtz stockwork (NW30/65), 
drussy Qtz, 1‐3 mm Py 
boxwork, PyOx ~1%. Sporadic 
B14107  536556  3366202  patches of Chlorite.  0.154  0  65  90  90  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 65 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

STR NW30/75, sample includes 
30 cm of banded grayish‐
whitish & transparent drussy 
Qtz vein with late stage of 
massive black acicular mineral, 
sometimes massive as drussy 
growth with <<Hematite, 
sample also includes 50 cm of 
with weak‐moderate drussy 
B14108  536517  3366140  Qtz  13.600  27  38  750  550  0  0  0 
Moderate Qtz + <Hematite 
stockwork & <transparent to 
whitish drussy Qtz. Moderate 
NE60 fracturing with weak 
MnOx infill. Weak Hem 
c/fractures. Sample in contact 
zone of PQP and beige‐grayish 
B14109  536497  3365478  quartz sandstone or quarzite.  1.360  3  54  360  470  40  0  0 
STR: NW10/80, 1‐2 meters of 
breccia Qtz vein & veining with 
Qtz + Hematite (after sulfide) + 
<Limonite + traces of un‐
B14110  535998  3365492  oxidized Galena & sphalerite.  1.045  38  43  9960  2130  70  0  10 
Weak blackish & whitish 
banded Qtz stockwork,  weak 
silicification, moderate Lim + 
Hem + <Qtz veinlets, hosted in 
B14115  538336  3365326  silty‐arkosic sandstone.  0.032  2  23  370  190  70  0  0 
Moderate to strong grayish Qtz 
+ <<Hem (after sulfide) 
stockwork with trend as Fault 
(NW45/85). Moderate to 
strong silicification, sericite 
patches traces, hosted in 
contact of arkosic sandstone? 
B14116  538190  3365398  & PQP. Sample ~2 m wide.  0.024  0  17  40  50  0  0  0 
PQP with weak to moderate 
phyllic alteration Qtz + 
<sericite + PyOx (1‐2%), 0.5‐3 
mm PyOx crystals, weak 
whitish‐transparent drussy Qtz 
B14117  538250  3365366  stockwork mostly NW15.  0.069  0  107  200  410  30  0  0 
Weak grayish to transparent 
drussy Qtz, including a 5 cm 
Qtz vein, weak Qtz + <black 
mineral veinlets, weak 
Hematite in fractures. Hosted 
in fine grain reddish arkosic‐
B14118  538284  3365297  lithic sandstone.  0.154  0  53  930  1200  10  0  0 
Moderate to strong silicified 
Qtz sandstone with weak & 15 
cm with moderate <1 mm 
Hematite + <Qtz stockwork. 
B14121  538132  3365346  N00‐NW15.  0.855  0  28  20  20  0  0  10 
Strong to moderate silicified 
B14123  538000  3365341  beige‐grayish sandstone,  0.058  0  13  20  20  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 66 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

moderate transparent‐whitish 
Qtz stockwork, weak grayish 
drussy Qtz + <Hem & weak <1 
mm Qtz + <<Lim (PyOx?) 
veinlets. 
~NE05/60 STR. 1.8 m sample, 
including 20 cm of breccia Qtz 
vein (30‐40% grayish‐
<transparent Qtz) and weak to 
moderate silicified sandstone 
with moderate Hematite in 
B14124  537988  3365382  fractures.  0.020  0  30  20  70  10  0  0 
NE30/65 STR: 20 cm of breccia 
Qtz vein (~60% Qtz) with weak 
Hematite content, SE wall rock 
with weak to moderate 
grayish‐whitish Qtz stockwork 
and breccia, hosted in ~0.5 mm 
grain size arkosic sandstone 
with Sericite traces and weak 
B14125  538066  3365464  silicification.  0.000  0  83  40  60  0  0  0 
1.5 m sample, including 70 cm 
of moderate silicified dike with 
10 cm of Qtz + Hem + Black 
mineral breccia, & continued 
by 80 cm with weak grayish 
drussy Qtz veinlets. NW20 
B14126  538164  3365506  STRucture.  0.034  0  34  370  1010  0  0  0 
1 m sample. Including 20 cm 
with moderate‐strong <1‐2 
mm gray‐balckish Qtz + 
Sulfide? stockwork (NE‐SE40) 
crosscut by minor transparent 
Qtz + <<Py (traces) veinlets, 
and rest of sample with weak 
to moderate Qtz & Qtz + <Hem 
B14127  538261  3365461  veinlets, moderate‐strong sil  0.009  0  8  70  40  10  0  0 
KFPQ (k‐feldspar + Pagioclase + 
Qtz) 2‐5 mm grain size dike, 
with moderate to weak phyllic, 
patches of moderate argillic, 
moderate bull Qtz, & grayish 
Qtz stockwork with trend 
NW30‐40/65, and Qtz + <Hem 
B14128  538412  3365374  veinlets. 1 m wide sample.  0.014  0  14  130  60  20  5  0 
1 meter wide sample, including 
50 cm of white bull Qtz with 
moderate late Hematite 
stockwork with trend as bull 
Qtz vein (NW35/45), rest of 
sample is KFPQ with moderate 
grayish Qtz stockwork and bull 
Qtz, & <Hem c/fractures, as 
B14129  538460  3365405  well as, moderate phyllic  0.023  0  25  270  110  30  0  10 
STR NW20/60 (Main fault 
B14130  538464  3365413  surface). Sample includes ~40  0.078  2  401  5430  3640  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 67 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

cm of irregular breccia Qtz vein 
(gray Qtz + Black mineral + 
Hematite), & 60 cm with 
moderate grayish to whitish 
Qtz stockwork, hosted in 
moderate silicified dike with 
Spherulite texture. 
Moderate 1‐3 mm grayish Qtz 
+ <Oxidized sulfide (Py & 
Sphalerite?) to Hem + <<Lim, 
patches of fresh Py ~1%, 
sporadic Qtz veining as 
bedding planes. STR 
B14131  538261  3365547  ~NW40/65.  0.025  3  16  250  30  20  42  0 
0.5 m wide sample, including 
10 cm of grayish Qtz+ <Black 
sulfide vein (N00/50 as fault 
surface), and rest of sample 
with weak Qtz stockwork 
(transparent to whitish). 
Selective sample, traces of 
moderate Hematite patches, 
B14132  538280  3365609  mostly Lim  in fractures.  0.272  8  22  1080  70  0  19  0 
Moderate silicified siltstone, 
weak brecciate by whitish and 
late grayish‐transparent Qtz, 
Hematite traces, weak 
Limonite c/fractures, drussy 
B14133  537977  3365921  Qtz withtrend SE‐NW70/70‐50  0.078  2  23  60  60  10  0  0 
Moderate‐strong silicified 
sandstone?, few weak‐
moderate Hematite in 
fractures, weak Qtz + <Py 
veinlets, un‐oxidized patches 
B14134  538011  3365726  with Py disseminate ~1‐2%.  0.029  1  5  70  50  0  0  0 
Moderate silicified arkosic 
sandstone (1‐0.5 mm grain 
size), weak‐moderate 
transparent to grayish Qtz 
veinlets, weak to moderate 
Limonite c/fractures, weak 
Hematite in fractures. Qtz + 
Lim veinlets crosscuting to 
grayish‐transparent Qtz 
B14135  538361  3365540  veinlets. Stockw  0.015  0  0  150  30  0  0  0 
1 meter sample. Including 10 
cm of drussy Qtz vein 
(whitish?gray?transparent 
banding, sporadic patches of 
strong Hematite, Galena 
traces, & rest of sample with 
moderate Qtz + <Hematite 
stockwork. STR trend NW‐
SE15/80‐90, hosted in 
B14136  538490  3365832  moderate silicified Di  0.162  3  36  400  200  10  0  0 
B14137  538658  3365760  Selective sample of 20 & 5 cm  0.449  6  173  6510  4730  0  5  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 68 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

of breccia Qtz + Galena (~3‐5%) 
vein withtrend NW‐SE30/80‐
90, moderate patches of 
Hematite, crosscutting Bull Qtz 
Sample includes 20 cm of 
breccia Qtz + Hematite vein, 
white Qtz close to wal & gray 
Qtz + <oxidized sulfide in 
center of vein. And 60 cm with 
moderate Hematite + <banded 
drussy Qtz (white?gray). STR 
NW30/70. Hosted in weak 
B14138  538616  3365623  silicified PQP with weak Hemat  0.014  2  17  800  260  0  0  0 
Moderate to weak Hematite + 
<Qtz stockwork crosscutting to 
whitish‐transparent Qtz 
stockwork SE15‐40/80‐85, 
hosted in beige aphanitic felsic 
rock with PyOx disseminate 
~1%, patches of moderate 
silicification, weak‐moderate 
tiny <1 mm grayish Qtz 
B14139  537830  3366060  stockwo  2.240  16  9  80  40  10  0  0 
2 meter sample of Hanging 
wall of "La Magdalena" STR, 
consisting of moderate 
whitish‐grayish drussy Qtz ± 
Black mineral stockwork, 
hosted in moderate silicified 
fine grain sandstone & 
siltstone, patches of strong 
B14140  537716  3365719  argillic overprinting to phyllic.  0.487  14  164  710  2700  0  0  0 
Sample includes 70 cm of Qtz 
vein STR (NW15/50) with white 
& grayish Qtz, & Qtz + MnOx, 
drussy Qtz, sample also 
includes 20 cm with moderate 
silicification and weak Qtz 
veining. Qtz vein same trend as 
B14141  537714  3365718  bedding.  0.328  48  144  930  2500  10  0  0 
STR NW30/55 (La Magdalena 
STR projection?). Sample 
includes 1 m of breccia Qtz 
vein, transparent‐grayish & 
<whitish drussy Qtz (90%), 
weak to moderate Hem + 
<Black mineral replacing 
fragment of arkosic sandstone 
relict, sample also includes 40 
B14142  537887  3365458  cm of SW   1.190  51  84  1510  940  0  0  0 
Sample includes 40 cm of 
strong‐moderate silcification 
with moderate grayish Qtz 
stockwork (with trend 
NW20/60‐65), located in 
hanging wall of a 60 cm 
B14143  537837  3365579  transparent and white bull (?)  0.199  7  162  1920  890  20  0  10 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 69 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Qtz vein with trend NE45/50. 
Sample also includes 1.4 m 
with weak  Hema 
60 cm sample, including 30 cm 
of Qtz + Hematite (strong) 
vein, & 30 cm of moderate Qtz 
+ Hematite + black mineral, 
hosted in beige‐pinkish rock 
with Qtz + <Plagioclase 
phenocrystals (1%) and 
aphanitic groundmasss, 
moderate grayish Qtz + 
B14144  536113  3366897  <<Hematite stock  11.200  778  135  3700  1450  40  10  0 
folded silistone weak Hematite 
c/ fracture, weak to moderate 
silicificaction  & patches 
withsericite, 2m channel 
sample perpendicular to 
B14145  536103  3366900  general bedding  0.041  3  37  220  1150  90  5  0 
185 azimuth and dipping 85° & 
55°of transparent to whitish 
Qtz stockwork & veining, 
hosted in akss weak 
silicificaction & phyllic patches, 
PyOx 1%, patches of strong 
B14146  535957  3366671  Hematite  0.848  20  46  450  480  20  7  0 
STR SE50°/60° , 50 cm sample 
including moderate Qtz 
stockwork, & 1‐5 cm gray Qtz 
veining, moderate Hematite in 
fractures, patches of moderate 
sericite+Qtz, moderate to weak 
argillic over printing, old 
working to SE 50. Hosting rock 
B14148  536108  3366626  shale & <siltstone se  0.528  38  56  710  430  50  0  0 
Moderate 1‐3 mm transparent 
drussy Qtz stockwork NE80/70‐
80, weak Hematite in fractures 
, sporadic grayish Qtz veinlets, 
weak  MnOx in fractures, 
sericite traces, hosted in 
reddish 0.5 mm. Arkosic & 
B14149  536864  3364901  lithic? Sandstone.  0.136  0  10  40  60  60  0  0 
Moderate 1‐2 mm Qtz + black 
mineral stockwork (NW10/80‐
90) moderate MnOx in 
fractures; 1)black mineral + 
<<Qtz, 2) Qtz + <<black 
mineral, 3) whitish transparent 
Qtz stockwork traces. Patches 
of sericite weak Hematite in 
fractures. Moderate to weak 
B14150  536903  3364924  silic  0.240  2  7  60  180  0  0  0 
La mina Maria STR projection 
STR projection NE10/65, 40 cm 
B14151  536884  3364933  Qtz vein (Qtz 90%), gray &  1.880  35  101  1520  340  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 70 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

withish Qtz , traces of 
Hematite (after sulfide) & black 
mineral ~1%, hosted in reddish 
ss,  old working to SE05 (STR 
NW05/70), SE wall rock with 
moderate grayish Qtz  
Moderate 2‐4 mm; 1) Gray Qtz 
stockwork, 2) Drussy 
transparent‐whitish Qtz 
stockwork, include 5 cm of 
gray‐<whitish Qtz vein 
(NW10/65). Hosted in 0.5‐0.7 
mm grain size redish ss, PyOx 
B14152  536893  3364942  diss <1%  0.094  1  14  160  170  0  0  0 
1.7 m sample, moderate 
transparent‐whitish  0.1‐5 cm 
drussy Qtz veining (NW35/80), 
Qtz + << Hematite (after 
ssulfide crystals), weak 
Hematite in fractures, hosted 
in reddish‐<beige sandstone, 
B14153  536940  3364972  PyOx 1%  0.811  1  42  530  380  0  0  0 
Weak to moderate 1‐3 mm 
whitish‐grayish drussy NW50 & 
NE10‐30 stockwork  weak 
Hematite in fractures, few 
moderate MnOx  in fractures, 
PyOx <1%. Host rock: reddish 
0.2‐ 0.5 mm grain size  arkosic 
B14154  536850  3365023  sandsotne  0.032  5  6  240  210  0  0  0 
Moderate‐strong sicilicification  
& Qtz + Hematite (after slfide) 
stockwork, patches of phyllic, 
drussy Qtz stockwork, host 
rock: 1‐3 mm plagioclase + Qtz 
(10%) intrusive rock (Dike?). 
Main veinlets trend NW20/65‐
B14155  535400  3364253  70.  0.026  1  100  3340  800  20  6  0 
40 cm Qtz + Galena + 
<<Hematite (after sde) vein SE‐
NW30, gray drussy Qtz, Qtz + 
Gn & Qtz + Hematite stages. 
Host rock: plag(70%), 
andesite?, moderate‐strong 
B14156  535438  3364273  chlorite + calcite (propylitic)  0.141  5  169  7860  450  20  0  0 
1 m sample,  breccia Qtz vein 
~50 cm, moderate dark gray & 
also dussy Qtz stockwork 
(grayish), some cavities of 
sulfide (?) relicts (Hematite & 
limonite remplaced), grayish 
drussy Qtz crosscuting to black 
mineral + Qtz veinlets, 
B14157  535509  3364359  moderate argillic fragme  0.503  7  236  2950  2350  90  60  0 
STR with drussy Qtz veinents & 
B14158  535518  3364365  sporadic grayish veinlets,  2.320  4  100  2000  1360  30  21  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 71 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

specularite Hematite, 
magnetite, hosted in 
andesitic?? Rock with weak 
phyllic & weak prophilitic 
alteration (fine grain 
plagioclase & biotite traces), 
someties observed amethyst 
Qtz in veinlets 
1m hanging wall with weak 1‐2 
cm transparent drussy Qtz + 
<<Hematite (after sufide), 
weak phyllic overprinting to 
propylitic; hosted in 1‐3 mm 
crystals of plagioclase, K‐
feldspar & Qtz  (15%). 40 cm 
bull Qtz vein NW 35/65, old 
B14159  535603  3364358  working to NW45. Close to   0.021  0  19  110  800  10  0  0 
4 meters with 4 Qtz vein + 
black mineral of 20‐30 cm 
wide, breccia Qtz vein, cavities 
after fragments?. Few 
Hematite patches, gray‐dark 
gray Qtz . Trend NW45/70‐60. 
Patches of silica , & moderate 
argillic overprinting to phyllic. 
B14160  535663  3364468  photo lookng NW 50, hos  5.760  3  74  5040  4200  20  19  0 
1 m aprox STRuture (NW50/60) 
Breccia with Qtz fragments ~1‐
4 cm of wide cemented by 
specular Hematite , sporadic 
tiny grayish Qtz veinlets, 
moderate Hematite in 
fractures, weak phyllic 
alteration & weak propylitic 
alteration, the STRucture is 
B14161  535673  3364470  hosted in   0.532  1  187  4420  4900  60  0  0 
San Quintin old working, 1.6 m 
of sample, banded gray‐whitish 
Qtz + vein & 20% of late stage 
of calcite infilling open space of 
drussy Qtz N00/70 STR, hosted 
in k‐
feldespar+<plagioclase+Qtz +< 
bt intrusive or dike (1‐3 mm 
B14162  536506  3364454  crystals size )  1.125  81  86  3020  8250  30  14  0 
STR NW50/75, sample incuding 
40 cm of whitish‐transprent < 
grayish Qtz vein ( Qtz 10 % , 
black mineral traces, Qtz 
+<<black mineral,also drussy 
Qtz , & few moderate MnOx 
infill, hosted in fine grain beige 
ss, PyOx  sample also includes 
B14163  536409  3364277  20 cm with weak t  0.565  101  65  900  1240  10  0  0 
sample including, 10 cm of 
moderate & weak 
B14164  536613  3364603  Qtz+Hematite veinig, & 60 cm  0.065  1  8  70  200  20  6  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 72 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

with wek transparent Qtz & 
Qtz +<Hematite stockwork 
hosted in arkossic??, trend SE 
60/50‐45 
2 m of sample, including 70 cm 
‐ 1 m Qtz (grayish & 
transparent, patches of drussy 
Qtz  + <<Limonite) vein, 1 m  
with moderate drussy Qtz 
veining & patches of Hematite, 
hosted in moderate phyllic 
alterated KfPQ, with patches of 
B14165  536750  3364696  argillic overprinting, tr  6.070  183  108  1610  730  70  0  0 
1.5 m sample, including 60 cm 
Qtz vein (NW 35/85) with 
banded grayish & late 
transprent & amethyst Qt z, & 
Qtz + Hematite (after sulfide), 
rest of sample includes 
moderate grayish Qtz + <late 
Hematite, also includes weak 
NE‐SW Qtz stockwork. Hosted 
B14166  536782  3364673  in m  2.100  49  82  440  380  10  0  0 
1 m of sample , including 40 
cm of banded Qtz + Hematite+ 
black mineral vein (trend NW 
15/70), 60 cm  of moderate 
drussy Qtz+black mineral 
stockwork of hanging wall. 
Hosted in moderate phyllic & 
transparent Qtz stockwork, in 
B14167  536892  3364711  k‐feldespar+ plagioclase+Qtz  13.250  427  550  8760  2480  0  5  0 
1.7 m sample including, 1.3 m 
brecia Qtz  vein whitish 
silicified fragments brecciate 
by gray pale green mineral, STR 
locally SE 30/70, drussy Qtz + 
black mineral+ < Hematite 
patches veining, 30 cm with 
moderate grayish Qtz 
B14168  536937  3364619  stockwork  2.600  51  439  3480  1980  10  5  0 
1.7 m, weak to moderate 
whitish‐grayish irregular Qtz 
stockwork & drussy Qtz + black 
mineral 30 cm with Hematite 
in fractures, weak phyllic 
(sericite + <Qtz + <PyOx diss 
<1%), & weak limonite in 
fractures, host rock 0.2‐0.5 mm 
B14169  536929  3364902  akss volcanosediments  0.885  5  63  130  410  10  0  0 
1.6 m sample, including 
moderate drussy Qtz + blck 
mineral +Hematite veinlets & 
grayish Qtz stockwork, trend 
NW 40/75,hosted in moderate 
phyllic arkss, PyOx < 1 % , also 
B14170  536984  3364873  whitish Qtz veinlets, sporadic  0.407  9  119  1030  1170  0  8  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 73 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

chl traces+PyOx veinlets 
2 m of sample, including drussy 
banded Qtz vein, patches 
Hematite & black mineral , 
MnOx in fractures, STR hosted 
in sandstone rock  with phyllic 
B14171  536963  3364926  alteration  2.000  104  204  2650  1720  30  0  0 
1.8 m sample, moderate to 
weak grayish ‐whitish Qtz 
stockwork ( NW15/75), 
including 15 cm of breccia 
Qtz+<Hematite vein (~30% 
drussy Qtz cement), weak 
Hematite in fractures, STR 
B14172  536945  3364935  hosted in reddish sandstone  1.265  2  21  380  140  10  0  0 
Los Cuervos STR projection 
(NW 35/55) 1.8 m  sample, 
including 1.4 m breccia Qtz 
vein (80/90% Qtz) , patches 
Hematite (after sulfide) , 40 cm 
weak Qtz  30% Bx, banded & 
B14173  536934  3364995  whitish Qtz.  0.286  39  40  2680  370  50  40  0 
 Los Cuervos STRucture , 1.50  
of sample, drussy grayish‐
whitish banded Qtz vein with 
weak Hematite & black mineral 
in fractures & cavities, hosted 
in greenish sandstone & PPQ 
(Qtz eyes + plagioclase) rock 
B14174  536920  3365047  with tiny Qtz stockwork  0.501  2  40  400  320  10  0  0 
1 m of sample, moderate 
whitish‐grayish drussy Qtz 
stockwork (NW 10‐20/70 & NE 
20‐30/60‐70), sample including 
one 20 cm drussy Qtz vein 
(weak late? Hematite & drussy 
black mineral  infill) with trend 
NW 10/&70,hosted in PQP 
B14175  536897  3365054  with weak silicification, ser  0.117  2  29  610  780  0  0  0 
1.3 m of sample, including 20 
cm of weak Bx Qtz + vein (Qtz + 
Galena +<<Sphalerite + 
Hematite (after sulfide) (NW 
30/85) weak chlorite in 
fractures & weak phyllic 
overprinting, rest of sample 
includes weak silicified beige 
sandstone , & weak NE50‐60 
B14176  536941  3365045  sto  0.331  3  16  5540  3900  40  8  0 
Weak to moderate grayish‐
whitish drussy Qtz stockwork 
(NW30/80 & <NE‐SE10‐30), 
weak Hematite c/fractures, 
also Limonite c/fractures, weak 
MnOx c/fractures, weak 
B14177  537025  3365018  silicification and phyllic fine  0.093  0  32  50  70  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 74 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

grain beige sandstone. 
2.5 m breccia STR (NW20/40) 
~60% Qtz, with dark gray, gray, 
whitish Qtz & banded drussy 
Qtz infill, few moderate 
Hematite in fractures, 
fragment remplaced by MnOx 
weak chlorite veinlets, patches  
with phyllic. Note : weak 
NE30/80 drussy Qtz stockwork 
B14178  537070  3364892  &   0.607  5  111  3860  2640  20  0  0 
70 cm of sample, including 30 
cm of Bx Structure (NW25/75), 
weak 20% of whitish‐
transparent drussy Qtz 
cement, weak Hematite, 
hosted in reddish arkosic 
sandstone weak phyllic (ser) 
B14179  537089  3364929  overprinting to chlorite + PyOx  0.454  1  52  1360  760  10  0  0 
Moderate drussy Qtz 
stockwork & weak brecciate 
rock, drussy whitish & gray Qtz 
stockwork NW15 to NE05/70‐
85, sparce moderate Hematite 
patches, rock with weak 
Hematite in fractures , and 
weak silicification overprinting 
to weak propylitic, sporadic 
B14180  537077  3364879  ameth  0.733  1  243  1840  1880  10  0  0 
40 cm sample , weak grayish & 
whitish Qtz stockwork, & 3 cm 
Qtz + Hematite (30%) veinlet, 
patches of moderate 
silicification, weak drussy Qtz 
veinlets, weak Qtz + sericite, 
PyOx traces, weak late 
B14181  537096  3364817  Hematite in drussy Qtz veinlets  0.038  0  12  140  120  10  5  0 
60 cm sample, breccia STR 
NW30/60, 40% drussy Qtz 
(whitish to grayish) cement, 
moderate Hematite  as cavities 
infill, weak MnOx in fractures, 
hosted in fine grain (0.1‐0.2 
mm) beige sandstone, weak 
B14182  537142  3364780  phyllic alteration  2.480  3  45  570  470  30  8  0 
Crackel Bx or moderate 
stockwork (NW‐SE30/80‐90) 
whitish & grayish drussy Qtz, 
Hematite as late? drussy Qtz 
infill, weak Hematite in 
fractures, hosted in moderate 
silicification fine grain beige 
sandstone, weak phyllic, 
B14183  537184  3364804  limonite in fractures, PyOx 1%  0.037  0  7  90  50  0  0  0 
1.2 m sample, breccia & drussy 
B14184  537135  3364709  banded Qtz vein (NW10/50‐ 0.053  3  86  2940  900  20  6  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 75 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

55), whitish ? grayish Qtz ? 
Hematite + <Qtz (few) ? gray 
Qtz. Gray Qtz crosscuting to 
whitish Qtz, Note: STR is 
located beween the Fault? 
contact of beige sandstone & 
KFPQ 
1 m of sample, SW30/85 
breccia Qtz vein (60 cm) with 
grayish & whitish drussy Qtz, 
sample also includes 1 cm 
banded drusy Qtz stockwork 
(NW50‐80). Hosted in KFPQ 
with moderate phyllic and 
silicification, weak Hematite 
B14185  537104  3364706  c/fractures.  0.097  1  22  270  490  10  16  0 
40 cm grayish‐whitish banded 
drussy Qtz vein (NW20/70) 
with Qtz & Qtz + Hematite 
banding, Hematite+<<black 
B14186  537118  3364698  mineral in fractures.  0.108  1  24  380  180  10  14  0 
Moderate 2‐10 mm whitish‐
transparent < grayish drussy 
Qtz stockwork (NW 30‐40/80‐
85), weak Hematite in 
fractures, hosted in 0.5 mm 
grain size beige sandstone with 
weak ‐moderate phyllic 
alteration, PyOx diss 1%, Grab 
B14187  536961  3364799  sample  0.027  1  8  20  50  110  0  0 
1.3 sample, Moderate silicified 
KFPQ, weak Hematite 
c/fractures and patches, weak 
to moderate 2‐30 mm whitish 
drussy Qtz + <<Hem stockwork, 
whitish‐grayish stockwork with 
B14188  536999  3364777  trend NW30‐40/70‐80.  0.029  0  0  0  10  0  0  0 
NW50/45 STR, 60 cm of 
Hematite & drussy Qtz breccia, 
strong to moderate Hematite 
content. Fragments of breccia 
replaced by moderate‐strong 
B14189  537052  3364763  Hematite and also by Sericite.  2.980  6  83  1920  1190  20  11  0 
~3 m  strong‐moderate whitish 
drussy  Qtz & Qtz+black 
mineral veining, &  breccia STR 
(NW 40‐50/30), also gray 
drussy Qtz, hosted in contact 
zone ( intrusive rock & reddish 
B14190  537053  3364764  sandstone)  1.835  14  203  4940  1550  10  8  0 
1.5 m sample, weak breccia 
STR (NW25‐30/45‐50) with 
~20% of drussy grayish‐whitish 
Qtz, Qtz + Hem & Qtz + <Black 
mineral, moderate Hematite 
B14191  537090  3364761  content c/fractures, hosted in  0.280  1  155  2100  1670  20  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 76 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

KFPQ intrusie, sporadic weak‐
moderate Chlorite patches, 
PyOx <1%. 
KFPQ with moderate 
silicification, weak to moderate 
grayish & whitish <1‐2 mm Qtz 
stockwork with Hematite halos 
or c/fractures, weak phyllic, 
stockowork with trend Nw10‐
B14192  537078  3364726  40 & NE30, PyOx ~1%.  0.471  0  29  220  100  0  0  0 
mod 1‐3 mm drussy & weak 
banded Qtz +<< Hematite 
grayish & whitish Qtz 
stockwork (N00/80‐90) 
croscuting to 2 
mmQtz+<<Hematite (oxi 
sulfide) stockwork SW 80/40, 
moderate phyllic KFPQ , PyOx 
<1%, patches of moderate 
silicification weak Hematite in 
B14193  537063  3364697  fractur  0.385  1  30  310  230  0  5  0 
1 m sample, including 10 cm of 
grayish‐whitish Qtz vein 
(NW40/45), & moderate to 
strong microfracturing with 
B14194  537033  3364656  grayish Qtz infill or veinlets.  0.718  1  63  560  160  20  0  0 
~1 m sample, including 30 cm 
of weak breccia STR (NE10/70) 
with whitish Qtz + <late? 
Hematite cement, hosted in 
KFPQ, moderate silicification 
and phyllic patches, rest of 
sample with weak‐moderate 
B14195  537052  3364625  <1 mm  whitish Qtz veinlets.  0.011  0  65  50  120  0  7  0 
1.1 m grab sample, weak to 
moderate <1‐20 mm drussy 
Qtz + <<Hematite stockwork 
(SE40 & N00) hosted in 
moderate phyllic 
(Sericite+Qtz), whitish‐grayish 
B14196  537033  3364594  drussy Qtz.  0.074  1  25  90  90  0  0  0 
1 m of sample, moderate 1‐3 
cm drussy & grayish Qtz 
stockwork (NW40‐50/60‐70), 
weak Hematite c/fractures, 
hosted in intrusive rock with 
mod to weak phyllic alteration 
B14197  537008  3364593  & silicification, PyOx diss <1%.  0.177  0  18  130  470  10  0  0 
0.5 m sample, including 20 cm 
of banded Qtz vein & 30 cm of 
NE wall rock with moderate 
grayish & banded drussy Qtz 
stockwork (NW35‐40/85‐80). 
Host rock KFPQ with patches of 
moderate phyllic and 
B14198  536926  3364579  silicification.  1.180  3  283  2420  2220  0  7  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 77 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

La Maria STR projection, 40 cm 
sample, drussy & weak banded 
Qtz veining (NW10/75). Host 
rock: reddish sandstone with 
B14199  536907  3364813  weak drussy Qtz stockwork.  3.300  29  131  1580  900  80  0  0 
1.80 m of sample, moderate 
drussy Qtz + <Hem & Qtz + 
Black mineral stockwork 
(NW20‐80‐90) & dark gray Qtz 
(NE80‐70/55). KFPQ with 
biotite? Replaced by sericite, 
and patches of moderate 
B14200  536877  3364760  phyllic.  0.145  1  8  80  140  0  0  0 
80 cm , including 20 cm of 
drussy banded Qtz + black 
mineral +Hematite vein 
(NW15/60), & wall rock with 
weak to mod Qtz + <Hematite 
stockwork, hosted in KFPQ w 
B14201  536862  3364732  patches of mod phyllic.  4.480  3  86  1160  610  10  0  0 
70 cm of breccia STR 
(NW20/80), grayish‐whitish 
drussy Qtz & Qtz +<Hematite 
B14202  536881  3364716  as cement, hosted in KFPQ.  0.980  28  34  570  770  20  0  0 
Grab sample, including 2 
breccia structures of whitish‐
<transparent & sporadic 
amethyst Qtz & grayish Qtz, 
weak Hematite in cavities. 
Hoste rock: sandstone rock 
with propylithic alteration. 
Sample also includes moderate 
B14203  536906  3364735  to strong silicified folded sands  0.081  1  25  40  90  30  0  0 
La Maria STR projection (NW 
25/65), weak breccia STR with 
drussy Qtz + << Hematite (late 
or open space of drussy Qtz) as 
cement, 15‐20% Qtz  as 
cement, gray & whitish drussy 
Qtz. Host rock: moderate 
silicified  sandstone (beige & 
B14204  536922  3364742  folded sandstone)  0.090  1  17  210  350  40  0  0 
50 cm sample, moderate 
silicified KFPQ with moderate 
to weak 0.3‐2 cm drussy Qtz 
stockwork N00/80, weak 
Hematite patches in 
B14205  536971  3364759  groundmasss.  0.000  0  11  160  90  0  0  0 
Grab sample, ~60 cm of weak 
brecciate rock with 
transparent‐whitish drussy Qtz 
infill & weak late Hematite 
infill, trend NE30/60‐80, & 
<NW 20 moderate silicification 
folded beige sandstone, weak 
B14206  537015  3364714  phyllic alteration, PyOx? diss 1‐ 0.030  0  7  30  70  20  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 78 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

3 % 
1 m of sample, including 30 cm 
of grayish drussy Qtz vein 
(SE45/85), 70 cm of gray drussy 
Qtz (Qtz 40%) breccia STR, 
hosted in intrusive rock with 
mod phyllic alteration & mod 
B14207  536924  3364631  silicification  0.433  27  68  1450  1250  0  0  0 
50 cm of sample, brecia STR 
(NW 30/75‐80), 50‐30% of 
gray‐whitish‐transparent 
drussy Qtz as cement,  
Hematite & black mineral 
traces in fracts & cavities, STR 
hosted in beige sanstone with 
B14208  536889  3364643  mod phyllic patches.  0.155  1  58  190  230  30  0  0 
1 m of sample , including mod‐
strong tiny grayish Qtz veinlets 
& <whitish drussy Qtz 
stockwork (NW‐SE30‐50/70‐
80), weak brecciate rock. Host 
rock: reddish saandstone rock 
with mod strong phyllic and 
B14209  536872  3364606  silicification.  0.000  0  18  20  60  0  0  0 
1.60 m of sample, (NW45 /80) 
including 1.30 m grayish & 
ametyst Qtz, also observed 
drussy Qtz with black mineral 
traces << Hematite in fracts, 30 
cm with tiny grayish Qtz 
stockwork, hosted in reddish 
sandstone rock with mod 
B14210  536875  3364570  phyllic alteration, and also   0.447  12  86  1150  860  0  0  0 
1.2 m, including 40 cm of 
grayish‐whitish banded Qtz 
vein NE‐SW10/85‐90, Qtz + 
<Hematite + <Lim‐Jarosite + 
black mineral, & 20 cm of 
breccia Qtz vein (SE walk rock 
of sample), rest of sample 
weak‐moderate whitish drussy 
Qtz + <<Hematite, in k‐
B14211  536763  3364656  feldespar   1.060  32  64  1060  350  10  0  0 
1.20 m of sample, moderate 
grayish and whitish drussy Qtz 
+ <Hematite stockwork with 
trend SW‐NE20‐30 & NW10‐
20, moderate  Hematite + 
<<black mineral in fractures & 
cavities, hosted KFPQ with 
moderate phyllic alteration & 
B14212  536803  3364618  mod silicification, PyOx <1% di  0.144  0  11  20  30  10  0  0 
1.50 m of sample, including 60 
cm of drussy and banded Qtz 
vein with whitish‐transparent 
B14213  536759  3364585  & grayish Qtz, sample also  0.361  10  185  3920  1400  30  11  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 79 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

includes breccia STR with 
fragments replaced by MnOx 
and black mineral. STR with 
trend NE10/75‐80 hosted in 
KFPQ with moderate phyllic, P 
1 m, moderate to weak 0.2‐
5cm whitish‐transparent 
drussy Qtz + <<Oxidized sulfide 
stockwork (NW10/75 & NE10‐
20) hosted in intrusive rock (k‐
feldespar, palg, Qtz) with 
moderate‐strong phyllic 
alteration & weak‐moderate 
silicification, weak Hematite 
B14214  536820  3364590  c/fra  0.337  1  10  40  90  10  5  0 
STR NW20/80, 50 cm of grayish 
& whitish drussy banded 
Qtz+Hematite vein, rest of 
sample with Qtz veining, Mnox 
in fractures, hosted in 
B14215  536838  3364587  moderate phyllic KFPQ  0.717  11  35  630  260  10  0  0 
1.5 m of drussy & banded 
grayish‐<whitish Qtz vein (Qtz 
& Qtz + Hematite banding) 
NW10/80 & locally NW 20/65, 
hosted in KFPQ with weak 
phyllic & moderate argillic 
B14216  536781  3364486  patches in foot wall rock.  0.407  21  106  3430  430  0  13  0 
Grab sample, including 
moderate 1‐2 cm whitish‐
grayish drussy Qtz + 
<<Hematite stockwork (NE10, 
NW10, N‐S/ high angle), 
hosted in KFPQ (k‐feldespar, 
plagioclase, Qtz) with weak 
propylitic (chlorite + pyrite 
veinlets) alteration & weak 
B14217  536837  3364450  phyllic alteration  0.058  1  34  390  540  0  0  0 
40 cm of sample, breccia STR 
(NW45/70) with grayish & 
withish drussy Qtz cement, 
PyOx & boxwork sulfide?, 
hostedin KFPQ (k‐feldespar, 
plag, Qtz), ith weak propylitic 
(chlorite + pyrite veinlets) 
alteration & weak phyllic 
B14218  536839  3364474  alteration.  0.468  1  99  780  450  10  0  0 
70 cm sample, grayish drussy 
banded Qtz + <Hematite 
breccia vein (S00/80) with 
black mineral ?? + Hematite in 
cavities, fragments of breccia 
replaced by Hematite, Py? 
boxwork  1% aprox, hosted in 
contact zone green intrusive 
B14219  536946  3364509  rock  with tabular crystals   0.260  10  73  18000  12850  0  9  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 80 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Grayish & <grayish drussy Qtz 
& Qtz + <PyOx + <Oxidized 
sulfide (Hematite) & Hematite 
+ <Qtz veining with trend 
NW20/80 & <NW40/65, 
moderate Hematite c/fractures 
& patches. Hosted in KFPQ 
with moderate phyllic and 
silicified patches, PyOx ~1%. 
B14220  537115  3364650  Main STR   0.111  2  57  550  360  0  0  0 
mod to weak 0.5‐5 cm 
Hematite + Qtz (NE 30/80) & 
grayish drussy Qtz + Hematite 
(NW10/80) stockwork hosted 
in moderate silicified KFPQ, & 
patches of moderate phyllic, 
weak to moderate Hematite in 
B14221  537083  3364611  fractures.  0.098  1  48  390  380  0  0  0 
60 cm sample including 
sporadic drussy Qtz+Hematite ( 
transparent & grayish Qtz), 
NW20/75 & 20 cm of breccia 
STR (NW40) hosted in KFPQ 
dike of ~6 m wide and general 
tredn NW30‐40, with 
moderate phyllic & zones with 
moderate Hematite in 
B14222  537042  3364479  fractures PyOx di  0.091  1  43  1930  470  0  0  0 
1 m , gray & transparent Qtz + 
< oxide sulfide (Hematite & 
limonite) & Hematite drussy 
banded vein with trend 
NW25/80. Hosted in weak‐
B14223  536990  3364437  mod phyllic FKPQ.  0.223  10  162  4350  7930  20  0  0 
50 cm moderate 1‐3 mm 
grayish& drussy Qtz & 
Qtz+Hematite (after sulfide) 
stockwork NW 25/75, weak 
phyllic & silicification 0.2‐0.5 
mm beige sandstone , PyOx 
B14224  537183  3364836  <1%  0.251  1  38  370  390  20  0  0 
40 cm sample , moderate 
grayish drussy Qtz & 1‐3 mm 
Qtz + Hematite stockwork ( 
NW30‐40/40‐70 & <SE55/75), 
weak Hematite & limonite in 
fractures 8Qtz +PyOx), weak 
silicification & phyllic hosted in 
beige 0.2 ‐ 0.5 mm grain size 
B14225  537192  3364922  Sandstone rock with trend   0.027  0  13  50  90  0  0  0 
Weak to mod <1 mm  up to 2 
mm transparent to whitish 
irregular Qtz stockwork, few 
patches of mod Hematite, 
PyOx <1%, weak phyllic & 
B14226  537220  3364955  silicification  0.044  0  42  20  80  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 81 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Weak to mod 1‐3 mm 
transparent‐grayish drussy Qtz 
& <whitish Qtz , & drussy Qtz + 
<Hematite, weak to mod 
phyllic  patches, weak 
silicification, PyOx < 1%, rock 
B14227  537223  3364992  trend SE60/45  0.087  0  10  10  50  0  0  0 
Grab sample, mod gray‐dark 
gray 1‐3 mm Qtz + <oxidized 
sulfide stockwork, (NW20‐
30/55‐60 & <E‐W, sporadic 
patches of mod silicification, 
weak phyllic patches PyOx, 
Hematite + <Qtz crosscuting to 
gray‐grayish Qtz stockwork. 
B14228  537221  3365035  Hosted rock sandstone (0.2‐0.5  0.308  4  26  180  30  0  0  0 
Grab sample, including 15 cm 
of weak breccia STR, weak 
Hematite + <<Qtz cement,  & 
weak to mod Hematite + Qtz & 
Qtz (transparent‐whitish) 
stockwork, hosted in moderate 
silicification PQP, weak 
selective sericite in plagioclase, 
B14229  537219  3365073  general trend of structur  0.243  0  6  30  30  0  0  0 
80 cm sample, including 7 cm 
breccia Qtz vein (90% Qtz), 
NW80/45, & weak to mod 
grayish‐transparent drussy Qtz 
stockwork, weak Hematite, 
weak phyllic, moderate 
silicification PyOx <1% , weak 
limonite in fractures hosted 
rock beige 0.5 mm grain 
B14230  537234  3365086  sandstone  0.032  0  10  90  60  10  0  0 
Grab sample, moderate 
whitish‐transparent Qtz + 
<Hematite (after sulfide) 
stockwork N00/ 70‐80, & <SW 
80, moderate Hematite in 
fractures , hosted : 0.1 ‐1 mm 
Qtz rich sandstone with weak‐
moderate silicification, weak 
Hematite  c/fractures, PyOx 
B14231  537228  3365110  diss ~3%  0.030  0  8  20  10  0  0  0 
Sample 30 cm, including 15 cm 
of gray Qtz + Hematite (after 
sulfide) vein (NW15/75‐80), 
rest of sample weak‐moderate 
transparent‐grayish Qtz + 
<<Hematite stockwork, PyOx 
~2%, hosted rock PQP with 
weak silicification & phyllic, 
B14232  537303  3365078  weak Limonite in fractures  0.233  1  73  920  360  0  0  0 
Weak gray‐grayish Qtz 
stockwork NW30/55 & < 
B14233  537254  3365037  (NW50/45), weak drussy  0.519  1  156  1600  270  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 82 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Hematite + Black mineral + 
<Qtz irregular stockwork, 
patches of argillic overprinting 
to phyllic, host rock: reddish 
sandstone akss 
Moderate 1‐20 mm stockwork 
of transparent‐whitish Qtz & 
Qtz + <Hematite (after sulfide) 
& drussy Qtz NW30‐35/70 & 
<N00/65, host rock: PQP with 
weak phyllic , PyOx <1% weak 
B14234  537250  3365049  silicified patches  0.141  0  57  590  280  20  0  0 
70 cm, weak breccia STR (NW 
40) with weak drussy Qtz & 
Hematite cement, moderate 
Hematite in fractures, hosted 
in PQP with weak phyllic & 
B14235  537236  3365066  silicification  0.061  0  22  120  90  40  0  0 
1.1 m, weak breccia STR (NW‐
SE 30/65‐75) weak 
transparent‐grayish‐whitish 
Qtz + Hematite (after sulfide) & 
sporadic <10 cm Hematite 
breccia STR, weak phyllic & 
silicification, PyOx < 1%,  host 
rock: fine grain beige & folded 
B14236  537308  3364929  sandstone  0.292  3  34  190  350  20  0  0 
80 cm sample, weak to 
moderate 2‐20 mm 
transparent‐whitish drussy 
Qtz+ <<Hematite (after sulfide) 
& weak second stage of gray‐
grayish Qtz stockwork, with 
trend N00‐NW10/ 70‐80. Host 
rock: reddish Arkosic‐lithic 
sandstone (0.1‐0.5 mm grain 
B14246  538047  3364997  size) with sel  0.025  1  112  140  120  50  0  0 
60 cm Qtz vein STR (NW60/65‐
70), drussy banded Qtz vein 
(gray Qtz?Hematite (after 
sulfide)?transparent Qtz 
<<Hematite, Qtz + black 
mineral?grayish & whitish Qtz? 
B14247  538080  3365016  & <amethyst Qtz)  0.320  5  41  4010  1510  10  22  0 
Grab sample, breccia 1.2 m 
thick; hidrotermal breccia with 
~40 % of cement including 
grayish & transparent Qtz, Qtz 
+ Hematite, Qtz + black 
mineral, 0.3‐5 cm fragment 
size, and reddish sandstone, 
strong propylitic & pinkish 
B14248  538079  3365015  sandstone as fragments rock b  0.061  1  37  1070  3330  30  0  0 
70 cm, gray & whitish drussy 
Qtz vein with trend NE30/80, 
B14252  538008  3365048  Qtz + black mineral?Hematite +  0.708  30  120  5500  920  70  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 83 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

<Qtz, gray Qtz & Qtz + 
<Hematite banding, weak 
MnOx in fractures, Qtz + 
Hematite & Limonite (after 
sulfide). 
1.5 m, gray & whitish 
transparent drussy Qtz vein, 
also Qtz + <Hematite banding 
& hanging wall with 20 cm of 
whitish‐grayish Qtz breccia. 
Host rock reddish sandstone 
with weak silicified 
groundmass, weak MnOx in 
B14253  538002  3365071  fractures, STR NE15/70.  2.590  91  107  5400  710  10  0  0 
30‐40 cm banded grayish & 
whitish Qtz & Qtz +<Hematite 
vein (NW60/55) host rock 
reddish sandstone, 40 cm of 
foot wall withQtz & Hematite 
B14254  538026  3365094  cemented Bx  0.567  4  76  1370  1000  10  0  0 
60 sample, moderate 
transparent‐grayish‐whitish 
drussy Qtz stockwork witn 
general trend NW 60/65. Host 
rock:  reddish sandstone, close 
to contact with PQP, reddish 
sandstone with weak silicified 
patches. Weak hematite as 
B14255  538030  3365121  infill in cavities of  drussy Qt  0.045  1  26  230  140  20  0  0 
40 cm sample, including 10 cm 
of drussy & banded  
transparent‐whitish & grayish 
Qtz vein (NW30/65), & 30 cm 
with weak drussy Qtz & Qtz + 
<<Hematite stockwork, weak 
to moderate silicified reddish 
sandstone, weak hematite in 
B14256  538127  3365077  fractures  0.583  1  33  370  240  20  0  0 
1.1 m, whitish‐grayish drussy 
Qtz stockwork (1‐20 mm) with 
trend NW25/85‐90, hosted in 
reddish sandstone with PyOx 
B14257  538141  3365138  1%  0.250  1  20  60  110  20  0  0 
La Española STR proyection, 
2.5 m STR breccia NW50/45, 
gray‐grayish & transparent 
breccia‐banded‐Qtz vein 
(drussy Qtz), & Qtz+ 
B14261  537959  3365253  <<Hematite (after sulfide)  0.063  3  49  330  260  20  0  0 
1 m sample, breccia STR (NE20‐
35/75‐80) with 20‐30% of 
drussy Qtz + <<oxid sulfide 
(traces) cement, transparent‐
whitish & grayish Qtz, host 
rock: reddish sandstone with 
B14262  537995  3365005  weak phyllic & silicification  0.116  1  23  60  140  30  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 84 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

50 cm sample, moderate 
transparent to grayish drussy 
Qtz + <<oxidized sulfide 
(Limonite‐Hematite) as 10‐20 
cm breccia & stockwork (NE20‐
30/‐65). host rock: plagioclase 
rich (40%) & aphanitic 
groundmass rock, with PyOx 
B14263  537957  3365064  1%, weak phyllic & silicification  0.088  0  20  30  40  50  0  0 
40 cm of sample, moderate 1‐5 
mm grayish‐transparent & 
<<whitish drussy Qtz + 
<oxidized sulfide stockwork 
(NW 30‐40/70‐80), hosted in 
contact of redish sandstone & 
B14264  537975  3365127  PQP (weak silicification).  0.109  1  18  300  220  10  0  0 
La Española estrructure 
projection NW15/60 1 m 
sample, including 50 & 20 cm 
of gray drussy & banded 
Qtz?Qtz+hematite?whitish Qtz 
& weak late drussy amethyst 
Qtz, & 30 cm of breccia Qtz  
(30% Qtz cement) between 
B14265  537987  3365142  two veins.  1.185  6  218  3530  1000  20  0  0 
Moderate 2‐20 mm whitish‐
<transparent drussy Qtz 
stockwork NW‐SE30‐40/70 ‐80. 
Hosted in PQP with PyOx 
disseminate 1%, weak silicified 
B14268  538008  3365214  patches, sericite traces  0.021  0  21  100  80  0  0  0 
1 m sample, moderate drussy 
Qtz + << hematite (after 
sulfide) stockwork & weak 
brecciate STR with trend 
NW30/70 , grayish‐transparent 
& whitish  drussy Qtz, hosted 
in PQP with weak phyllic & 
B14269  537933  3365223  PyOx 1‐3%.  0.088  2  38  240  270  0  0  0 
1.2 m sample, breccia Qtz STR 
~NE40 with transparent‐
grayish & whitish Qtz + 
<<Hematite (after sulfide) as 
cement ~80‐40%. Host rock: 
PQP with weak phyllic , PyOx 
<1%, weak hematite in 
B14270  537865  3365300  fractures.  0.031  1  9  40  60  10  0  0 
Grab sample, strong‐moderate 
silicification & stockwork of 
drussy whitish‐grayish Qtz + 
<<Hematite stockwork with 
general trend NW30‐10 & NE 
40 diping 70‐85. Host rock 
B14271  537808  3365213  PQP, no clear texture.  0.248  1  49  30  10  50  7  0 
moderate < 1mm drussy Qtz 
B14272  537932  3365058  stockwork, with general trend  0.016  0  24  30  40  20  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 85 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

NE 10 , also drussy & weak 
banded Qtz +<< hematite 
stockwork, host rock: reddish 
sandstone rock with weak 
phyllic & PyOx traces 
90 cm of sample , grayish‐
whitish drussy Qtz vein 
(NW25/75), Hematite + black 
mineral in cavities, hosted in 
rock with moderate phyllic 
alteration  & moderate 
silicification also with PyOx>1% 
B14273  537170  3364649  diss (cubic) "old working"  0.343  13  217  4320  3290  60  0  0 
70 cm of sample, whitish‐
transparent‐grayish & 
amethyst Qtz vein (NW25/85), 
Hematite + black mineral in 
cavities, hosted in intrusive 
rock (k‐feldespar, plag, Qtz) 
with moderate phyllic 
alteration & weak‐mod 
B14274  537162  3364613  silicification.  0.025  1  40  100  220  0  0  0 
30 cm of sample, drussy 
grayish‐whitish Qtz vein 
(SE25/80), Hematite + black 
mineral? in cavities, hosted in 
intrusive rock with moderate 
phyllic alteration & moderate 
B14275  537216  3364408  silicification.  0.572  3  162  3120  2090  50  0  0 
40 cm of sample, grayish‐
whitish & amethyst drussy Qtz 
vein (SE30/75) weak hematite 
in cavities, hosted KFPQ with 
moderate phyllic alteration & 
B14276  537308  3364382  moderate silicification  0.059  0  16  100  190  20  0  0 
Moderate whitish‐transparent 
& <<grayish drussy & not 
drussy Qtz + <Hematite (after 
sulfide) stockwork with trend 
NW40, NE30 & N‐S , hosted in 
PQP with moderate silicified 
patches, sericite traces, PyOx 
B14277  537901  3365132  <1%  0.059  0  9  30  30  0  0  0 
Moderate 1‐3 cm whitish‐
transparent & <grayish drussy 
Qtz & Qtz + <Hematite (NW‐
SE15‐40/70‐80) stockwork, 
weak Hematite & Limonite in 
fractures, hosted in PQP with 
weak silicification PQP, sericite 
B14278  537867  3365107  traces  0.017  0  6  20  50  0  0  0 
50 cm of NE20/75 breccia STR 
(85% Qtz) with transparent‐
whitish & grayish Qtz + 
oxidized sulfide traces, weak 
B14279  537850  3365157  Hematite as cavities infill of  0.981  6  8  40  30  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 86 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

drussy Qtz open space. Host 
rock PQP with moderate 
silicified patches, PyOx <1%, 
weak drussy Qtz + <Hematite 
sto 
1.2 m sample, strong gray‐
grayish & whitish Qtz + 
<oxidized sulfide (mainly 
Pyrite) & Qtz + <Py banded 
drussy Qtz stockwork & 
breccia, with trend NW30‐40 & 
NE30‐40/70‐90. Strong 
B14280  537777  3365188  silicified Qtz sandstone.  0.348  4  23  60  30  0  0  0 
30 cm of sample, drussy calcite 
vein?? With sphalerite + Gn 
diss & calcite crystals 
(SE35/75), hosted in 
plagioclase‐biotite rich 
intrusive with moderate 
propylithic alteration, weak 
phyllic & very weak 
B14282  537245  3364151  silicification.  0.008  1  464  2330  980  10  0  0 
30 cm of sample, grayish 
withish drussy Qtz vein 
SE30/40, hosted in  
plagioclase‐biotite  rich 
intrusive with moderate 
propylitic & weak phyllic 
B14283  537221  3364271  alteration  0.055  1  93  450  1500  0  0  0 
20 cm of wide whitish‐grayish 
Qtz vein (SE40/60), Hematite + 
<<black mineral in cavities, 
hosted in plagioclase‐biotite 
rich intrusive rock with 
moderate propylitic alteration, 
weak phyllic & very weak 
B14284  537185  3364316  silicification  0.325  1  56  450  470  20  0  0 
Grayish‐whitish banded drussy 
Qtz vein ~40 cm of wide 
(NW70/high angle), hosted in 
plagioclase‐biotite rich 
intrusive rock with prophylitic 
alteration, weak phyllic & weak 
B14285  537195  3364347  silicification.  2.820  19  127  12600  8530  0  0  0 
1 m sample, breccia STR 
(SE30/75) with grayish 
transparent & whitish drussy 
Qtz + Hematite (after sulfide) 
cement & veining (10 cm). Host 
rock gray plag + <Biotite + Qtz 
(kind of PQP) with weak 
patches of mod phyllic & PyOx 
B14286  537695  3365189  diss <1%  0.221  0  78  600  490  0  0  0 
1 m sample, moderate grayish‐
whitish drussy Qtz + Hematite 
B14287  537674  3365159  (after sulfide)  stockwork  0.025  0  67  170  100  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 87 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

(N00/55). Host rock Qtz 
sandstone, contact zone with 
PQP. 
1 m of sample, grayish‐
whithish drussy Qtz vein 
(25NW/85) with black mineral 
& MnOx in cavities, <<hematite 
in cavities, sporadic PyOx 
boxwork, Gn+sph tracesin vein, 
hosted in intrusive rock with 
weak‐moderate phyllic & 
B14288  537024  3364377  weak‐moderate silicification  0.322  5  55  6690  1750  0  0  0 
80 cm of sample, grayish‐
whithish drussy Qtz vein(30 
SE/80)with hematite + black 
mineral <<MnOx in cavities, 
also observed pyboxwork, 
hosted in dike rock (PGB) with 
mod prophylithic & phyllic 
alteration, weak‐moderate 
B14289  537051  3364317  silicification  0.915  2  115  1960  1850  60  5  0 
40 cm of sample, grayish‐
whithish drussy Qtz vein (35‐40 
SE/70) with hematite + << Gn, 
black sulfide?, << limonite in 
cavities, hosted in intrusive 
rock (KfPQ) with weak phyllic & 
B14290  537111  3364228  weak moderate silicification  0.052  3  186  3400  50  10  0  0 
30 cm of sample, whithish‐
grayish drussy Qtz vein (65 
SE/70), hosted in intrusive rock 
with moderate phyllic 
alteration & moderate 
B14291  537086  3364401  silicification  0.545  0  11  70  1130  60  0  0 
50 cm of sample, grayish‐
whithish drussy Qtz vein (25 
NW/65) with pyboxwork, 
hematite+zzblack mineral & 
MnOx in fractures, hosted in 
intrusive rock (KfPQ) with 
moderate phyllic alteration & 
B14292  537201  3364605  moderate silicification  0.669  9  258  1580  4260  30  0  0 
1m of sample, grayish‐whithish 
drussy Qtz vein (60 NW/60), 
hematite + black mineral & 
MnOx py boxwork hosted in 
PGB rock (dike) with moderate 
propylithic alteration, weak 
moderate phyllic & weak 
B14293  537259  3364314  silicification  0.545  34  167  25200  240  190  19  0 
30 cm of underground sample, 
including 20 cm of  grayish‐
whitish drussy Qtz vein 
(SE10/50) & 10 cm of foot wall 
rock, Hematite + <<Black 
B14294  536788  3364305  mineral & MnOx traces, Py?  1.445  1  46  660  31900  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 88 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Boxwork. Host rock: KfPQ with 
moderate phyllic & weak‐
moderate silicification. 
1.5 m sample, grayish‐whitish 
drussy Qtz vein (N‐S/ high 
angle) with black mineral and 
MnOx + <<Hematite in cavities, 
hosted in reddish sandstone (?) 
with moderte phyllic & 
B14295  536881  3364236  moderate silicification.  2.470  14  156  5020  480  20  0  0 
80 cm sample, including 20 cm 
of grayish‐whitish drussy Qtz 
vein (NE10/65), Hematite + 
<<Black mineral & MnOx traces 
in cavities, 60 cm of sample 
with tiny drussy Qtz veinlets, 
hosted in KfPQ with moderate 
B14296  536900  3364360  phyllic and silicification.  0.019  0  18  560  19800  0  0  0 
60 cm of sample grayish‐
whithish drussy Qtz vein (15 
NW/ 85), weak 
hematite+<<limonite + <<black 
mineral in cavities, 1% py 
dissem & boxwork, sporadic 
calcite crystals,  hosted in 
intrusive rock (f‐Qt‐lithics = 
arkosic sandstone rock) with 
B14297  536953  3364061  moderate phyl  1.130  17  148  12300  2050  40  26  0 
1.20 cm of sample, grayish‐
whithish drussy Qtz vein (10 
NW/55), moderate hematite + 
<<limonite + << black mineral 
in cavities, MnOx traces, 
hosted in sandstone rock ( 
arkosic)  with weak moderate 
phyllic & weak‐ moderate 
B14298  536981  3364031  silicification  0.071  1  127  4370  90  0  5  0 
60 cm of sample , including 30 
cm grayish‐whithish Qtz vein 
(55NE/45) with hematite +<< 
limonite , py < 1% dissem,  30 
cm of sample with shale rock 
with weak hematite in 
fractures, hosted in shale rock 
with weak phylli & weak 
B14299  537350  3363949  silicification  0.339  2  5  130  1260  10  9  0 
1.10 m of sample, grayish‐
whithish drussy Qtz vein (35 
NW/85) with moderate 
hematite + << limonite + black 
mineral (after sulfide), hosted 
in intrusive rock (KfPQ) with 
moderate phyllic & moderate 
B14300  536722  3364720  silicification  1.595  88  120  1550  1500  0  0  0 
STR NW10/70, 1.2 m sample, 
B14301  537325  3364998  including 15 cm of 1) whitish‐ 0.168  9  56  1710  1770  30  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 89 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

gray Qtz vein, rest of sample 
includes moderate 2) gray‐
grayish drussy & banded Qtz, 
Qtz + Hematite, & Qtz + <Black 
mineral stockwork, & 
moderate Hematite in 
groundmass of reddish Arkosic 
(?) sand 
STR NE05/70, 70 cm sample, 
strong gray & <whitish‐grayish 
non‐drussy and drussy Qtz 
stockwork or weak breccia 
structure, Qtz + <Hematite 
(after sulfide) & Qtz + 
<Limonite (after Py), patches of 
moderate Hematite, late stage 
B14302  537328  3364969  of whitish drussy Qtz. Patche  0.587  7  40  1720  750  20  5  0 
80 cm sample, breccia 
Structure with trend NW15/70 
(<component NE30/70) & with 
grayish‐<<greenish Qtz cement 
(50%) and PyOx 1%, and 
moderate grayish drussy Qtz 
stockwork (late stage). Host 
rock reddish sandstone 
B14303  537363  3364956  sequence.  0.055  1  13  660  320  20  29  0 
1.1m, moderate whitish to 
grayish drussy Qtz + 
<<Hematite stockwork NW20‐
30/70‐80, hosted in beige 
sandstone with weak‐
moderate silicification, PyOx 
B14304  537401  3364948  disseminate <1%.  0.033  0  23  250  200  0  0  0 
90 cm sample, breccia STR 
(SW30‐40/70) with ~70‐90% of 
gray‐whitish Qtz cement (Qtz + 
Oxidized sulfide traces) & 
moderate 1‐3 mm grayish 
drussy Qtz + Hematite 
stockwork (SE40/65). Host 
rock: reddsih sandstone 
sequence with weak phyllic, & 
B14305  537449  3364930  weak Chlorite   0.365  6  425  340  1290  0  0  60 
Chinos Altos structures 
projection, NW30/65, 40 cm 
breccia Qtz structure with 70‐
80% of Qtz cement, patches 
with moderate Hematite (after 
sulfide), also gray & whitish 
drussy Qtz + <oxidized sulfide 
as cement. Host rock: reddsih 
B14306  537370  3364999  sandstone.  0.593  30  143  7970  310  60  78  0 
60 cm sample, STR NW50/55, 
breccia structure with ~30% 
Qtz as cement, including gray 
drussy Qtz + black mineral & 
B14307  537281  3365109  Qtz + Hematite (oxidized  1.190  17  40  3210  310  40  39  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 90 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

sulfide), & moderate Qtz + 
Hematite stockwork. Host rock: 
reddsih sandstone. Moderate 
silicified zone. 
1.2 m sample, STR NW60/45, 
Qtz + <Hematite (after sulfide) 
breccia Qtz vein, gray & whitish 
Qtz, fragments replaced by 
Hematite‐<Limonite, Qtz 
B14308  537258  3365117  cement 60%.  0.514  19  24  1720  20  0  0  0 
1.0 m sample, moderate 1‐2 
mm Hematite + <Qtz & late 
stage of Qtz + <<Hematite (afer 
sulfide) stockwork with trend 
N0‐NW10 & NW50/70‐80. Host 
B14309  537298  3365160  rock: Beige sandstone.  0.073  0  0  40  40  10  0  0 
80 cm sample, moderate 1‐3 
mm whitish & <grayish Qtz & 
Qtz + Hematite stockwork, 
NW10 & NW40 & NE40, hosted 
in reddish sandstone 
sequence, weak phyllic and 
silicification, weak Hematite & 
Limonite c/fractures, PyOx 
B14310  537324  3365181  traces.  0.205  0  9  10  40  10  0  0 
1 m sample, moderate 1‐5 mm 
gray and whitish Qtz & Qtz + 
<Hematite stockwork, 
NW30/85, NW60/50 & 
SE30/65. Host rock: beige fine 
grain sandstone with weak 
phyllic and silicification, PyOx 
B14311  537398  3365077  traces.  0.029  1  6  10  340  0  0  0 
30 cm sample, STR NW10/55, 
gray & <whitish drussy Qtz + 
Hematite (after sulfide) as 
cement, moderate Hematite‐
Limonite patches or alterated 
B14312  537449  3364978  fragments (?).  0.207  9  47  1630  470  20  0  0 
30 cm sample, STR NW40/65, 
breccia Qtz structure (~40% 
Qtz), gray  Qtz + <Hematite & 
late stage of transparent‐
amethyst drussy Qtz, moderate 
Hematite content, PQP 
fragments with silicification & 
phyllic‐argillic. Host rock PQP 
B14313  537374  3365034  with weak phyllic and sili  0.124  4  70  580  50  20  0  0 
70 cm sample, moderate & 
weak brecciate structure with 
transparent‐<grayish drussy 
Qtz + <<oxidized sulfide 
stockwork with trend 
NW15/65, weak Hematite 
c/fractures, weak phyllic & 
B14314  537403  3365020  <argillic PQP, PyOx ~1%.  0.071  1  28  130  140  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 91 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Grab sample, moderate‐weak 
1‐10 mm transparent‐whitish 
drussy Qtz + <Hematite 
stockwork with trend NW‐
<SE10‐30/70‐80, weak‐
moderate Hematite 
c/fractures, moderate‐strong 
silicified folded beige 
sandstone, weak sericite 
B14315  537425  3365041  patches, PyOx <1%.  0.056  0  18  240  70  0  0  0 
50 cm sample, whitish‐gray Qtz 
+ <<Hematite‐Limonite (after 
sulfide) vein with trend NW60‐
70/40, crosscut by moderate 
whitish drussy Qtz stockwork 
with trend SE20‐40/70‐80 that 
deplace 15 cm to main NW 
structure. Host rock: moderate 
B14316  537464  3364999  silcified reddish sa  0.146  1  12  40  790  30  0  0 
25 cm wide sample, gray & 
<whitish drussy banded Qtz + 
Hematite‐<<Limonite (after 
sulfide) + Galena traces, Qtz 
veining with trend NW30/70. 
Note: wall rock with moderate‐
weak 1‐3 cm drussy Qtz + 
B14317  537477  3364964  <Hematite stockwork.  4.080  9  155  5510  660  60  0  0 
NW35/55 Qtz + moderate 
Hematite (content) breccia 
structure & Qtz veining, also 
whitish‐transparent drussy Qtz 
+ <<Hematite stockwork, 
banding of Qtz?Qtz + 
Hematite?Hematite + <Qtz, 
sporadic patches of ~2% of 
unoxidized Py + <Galena + <Cu 
B14318  537495  3364942  sulfide?, mala  1.565  8  207  3860  50  30  0  0 
Grab sample, moderate 1‐3 
mm whitish‐transparent Qtz + 
<Hematite stockwork with 
trend NE10/70‐80 & 
<NW40/60‐70, moderate to 
weak Hematite content, 
hosted in moderate to strong 
silicified beige fine grain 
B14319  537519  3365109  sandstone. PyOx traces.  0.067  2  21  240  280  0  0  0 
1 m sample, moderate 1‐3 mm 
drussy Qtz + <<Hem + 
<Limonite stockwork with 
trend NW‐SE35/60‐70; hosted 
in contact zone & fault contact 
of PQP & fine grain beige 
sandstone (FBSS) with 
moderate to strong 
silicification & whitish Qtz 
B14320  537527  3365077  stockwork, weak Hematit  0.184  1  90  590  1530  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 92 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

50 cm of sample, including 30 
cm of grayish‐whithis Qtz vein 
(NW25 /65) with hematite 
<<black mineral in cavities, 20 
cm of sample with reedish 
sandstone rock with tiny Qtz 
veinlents, vein hosted in 
reedish sandstone  rock with 
B14321  536655  3364827  weak phyllic & weak‐moder  0.354  1  60  510  510  10  0  0 
70 cm of sample, including 30 
cm of grayish‐whithish drussy 
Qtz vein (bull Qtz) (NW 15/75), 
20 cm of sample (hanging wall) 
reedish sandstone rock with 
FeOx & black mineral in traces, 
10 cm (foot wall) reedish 
sandstone with FeOx  traces & 
B14322  536546  3364852  black mineral  0.610  1  108  2030  630  10  0  0 
50 cm of sample, including 30 
cm of grayish‐whithish drussy 
Qtz vein(NE 10/60), hematite + 
black mineral in cavities, 20 cm 
of sandstone rock with tiny Qtz 
veinlents , weak phyllic & weak 
silicification , hosted in reedish 
B14323  536540  3364955  sandstone rock with weak phyll  0.458  1  99  670  440  10  0  0 
grayish & whithish drussy Qtz 
vein (NW50/85) weak hematite 
+black mineral in cavities, 
hosted in reddish sandstone 
rock with weak phyllic 
B14324  536469  3364949  alteration & weak silicification  0.504  42  89  1430  1140  30  5  0 
70 cm of wide, including 30 cm 
grayish‐whithish drussy Qtz 
vein (40 NW/80), hematite 
traces +<< black mineral in 
cavities  hosted in intrusive 
rock with weak phyllic & weak‐
B14325  536370  3364946  moderate silicification  1.515  3  136  1550  200  50  0  0 
30 cm of sample , whithish‐
grayish Qtz vein (NW20 /60) , 
weak hematite in cavities & 
MnOx traces, hosted in rock 
with moderate silicification & 
weak‐moderate phyllic 
B14326  536505  3364568  alteration  0.089  9  11  200  860  20  7  0 
1 m of sample, grayish‐
whithish drussy Qtz vein (NW 
5/65) with 
hematite+<<limonite in 
cavities+py boxwork diss <1%, 
hosted in intrusive rock with 
B14327  536500  3364680  argillic alteration  1.245  6  203  5710  1190  160  71  0 
80 cm of sample, grayish‐
whithish drussy Qtz vein ( 
B14328  536508  3364885  NE20/70) with black mineral &  0.686  6  203  13700  720  1110  321  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 93 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

hematite in cavities,  hosted in 
reedish sandstone rock with 
moderate phyllic alteration & 
weak‐moderate silicification 
1m of sample, grayish‐whithish 
drussy Qtz vein (NW15/60) 
with hematite + black mineral 
in cavities hosted in rock with 
moderate silicification & weak 
B14329  536166  3364910  phyllic alteration  0.249  2  71  860  1050  60  21  0 
1m of sample, grayish‐whithish 
drussy Qtz vein & microbreccia 
structure ( NW15/high angle) 
with weak‐moderate 
hematite+black mineral & 
MnOx in cavities,pyboxwork 
<1%, hosted in reddish 
sandstone rock  with weak 
phyllic & weak‐moderate 
B14330  536102  3364841  silicification  0.421  11  240  840  90  30  0  0 
Grab sample, weak to 
moderate 1‐2 mm transparent 
drussy Qtz + <Hematite 
stockwork SE10‐40/60, and 
weak early stage of grayish‐
whitish Qtz stockwork 
SW80/45. Host rock: PQP with 
moderate phyllic & weak 
Hematite & <Limonite 
B14331  537561  3365033  c/fractures.  0.129  0  17  190  430  20  0  0 
40 cm sample, STR NW20/65, 
drussy Qtz + <Hematite (few 
patches, after sulfide) veining, 
hosted in moderate silicified 
patches of PQP rock, PyOx 
<1%, & <late stage of amethyst 
B14332  537584  3365050  drussy Qtz.  0.230  5  95  730  1250  30  0  0 
50 cm sample, whitish‐
transparent & <grayish drussy 
Qtz + <Hematite (oxidized 
sulfide) + <Un‐oxidized Galena‐
Sphalerite viening with trend 
NW30‐40/60‐70, hosted in 
purple plagioclase rich (40%) & 
aphanitic groundmass rock 
(flow? within reddish 
B14333  537613  3364946  sandstone  0.235  2  65  1090  640  20  0  0 
40 cm sample, breccia vein STR 
with trend NW10/70 with 
grayish‐whitish‐transparent 
banded drussy Qtz + <Oxidized 
sulfide (Hematite & <Limonite) 
cement, hosted in reddish 
sandstone with weak Qtz 
B14334  537542  3364974  veinlets & phyllic (selective).  0.216  3  120  1030  460  40  0  0 
B14335  537499  3365013  70 cm sample with moderate  0.239  1  41  280  250  20  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 94 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

whitish‐grayish drussy & weak 
banded Qtz veining with trend 
NW05/70, including Qtz + 
<Hematite & <Qtz + moderate 
Hematite veining, and weak 
late stage of Hematite infill of 
cavities of drussy open space. 
STR NW55/75, 80 cm sample, 
breccia Qtz vein STR, 
transparent‐whitish & <grayish 
Qtz + <oxidized sulfide as 
cement, also weak banding of 
Qtz + Hematite stockwork, 
weak MnOx c/fratures. Host 
B14336  537524  3365256  rock PQP.  0.185  1  25  200  290  20  0  0 
80 cm sample, weak to 
moderate 1‐2 mm whitish‐
grayish Qtz stockwork & Qtz + 
Hematite stockwork  with 
trend NW40‐50/65‐70, & 
moderate silicified patches in 
PQP rock, PyOx disseminate 
~2%, weak Limonite 
B14337  537526  3365272  c/fractures, and weak phyllic.  0.034  2  35  1310  190  10  0  0 
Sample 1.2 m, 
gray?transparent‐amethyst Qtz 
& <whitish drussy Qtz cement 
of breccia STR (NW40/65), also 
Qtz + <oxidized sulfide?Hem‐
Limonite (oxidize sulfide) & 
<Goethite banding. STR hosted 
in contact of Qtz‐sandstone & 
B14338  537605  3365163  PQP.  0.144  2  32  1230  110  10  0  0 
40 cm sample, weak breccia 
STR (NW‐SE40/85) with ~15‐
30% of whitish‐transparent 
drussy  Qtz + <Hematite (after 
sulfide) as cement. Host rock: 
weak silicified PQP, and weak 
B14339  537554  3365102  Limonite c/fractures.  0.083  0  21  80  40  10  0  0 
40 cm sample, weak breccia 
STR (NW‐SE30/80‐90) with ~5‐
10% of whitish‐transparent 
drussy  Qtz + <<Hematite (after 
sulfide) as stockwork or 
cement. Host rock: phyllic and 
silicified BFSS (beige fine grain 
B14340  537480  3365168  sandstone).  0.045  0  14  60  1080  20  0  0 
1.5 m sample, moderate 1‐10 
mm gray‐transparent & 
<whitish drussy Qtz stockwork, 
Qtz & <Hematite (after sulfide) 
stockwork with trend NW‐
SE30‐40/80‐90. Note ~10m 
with moderate silicification 
B14341  537404  3365208  halo.  0.407  1  62  510  90  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 95 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Moderate‐strong silicified FGSS 
(fine grain sandstone, 0.5 mm 
grain size) with moderate 
grayish‐transparent drussy Qtz, 
traces of Hematite patches as 
drusy cavities infill. Stockwork 
B14342  537452  3365261  with trend ~NW30.  0.212  1  21  280  20  10  0  0 
80 cm sample, moderate 1‐20 
mm grayish‐whitish irregular & 
few drussy Qtz stockwork & 
also late stage of blackish‐gray 
Qtz stockwork. Host rock: 
reddish sandstone with wek 
phyllic, patches of Limonite, 
PyOx <1%, & weak Hematite 
B14343  537492  3365212  c/fractures. Main fault a  0.062  0  5  180  180  0  0  0 
50 cm Qtz breccia STR (NW40‐
50) with 90% of gray drussy  
Qtz + <Black mineral‐MnOx & 
transparent drussy Qtz + 
<oxidized sulfide (Hematite‐
Limonite) as cement. Host 
rock: contact between fine 
grain beige sandstone & weak 
propylitic volcanosediment 
B14344  537579  3365303  sequen  0.160  0  35  120  10  20  0  0 
1.2 m sample, includes 20 cm 
of vein STR of grayish‐whitish 
Qtz+<Hematite & calcite 
crystals replaced by Qtz, rest of 
sample includes drussy banded 
Qtz veining with gray 
Qtz?whitish Qtz + 
<<Hematite?Hematite + Black 
mineral + <Qtz banding.Trend 
B14345  537655  3365245  of struc  0.021  0  0  10  560  0  0  0 
Grab sample, moderate 1‐20 
mm few drussy and banded 
whitish & gray Qtz + <<Hem‐
Lim (after sulfide) stockwork 
with trend SE25‐40/65‐80 & 
NE20. Host rock: moderate 
silicified PQP, Sericite traces, 
locally with weak Hematite 
B14346  537770  3365253  c/fractures.  0.263  2  61  1230  990  30  0  0 
~40 cm breccia structure 
(NW30) with 5% of grayish 
drussy Qtz & <Qtz+<<Hematite 
infill, hosted in pikish dike? 
with weak‐moderate silicified 
groundmass & PyOx <1%, wall 
rock with weak propylitic 
B14347  537650  3365460  alteration.  0.152  1  64  580  800  30  10  0 
50 cm sample, weak breccia 
STR (like B14247) with trend 
NW20/60, and with grayish‐
B14348  537565  3365404  transparent drussy Qtz +  0.945  1  103  520  700  30  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 96 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

<<Hematite infill, weak MnOx 
c/fractures, weak ohyllic and 
silicification in STR. Wall rock 
with weak propylitic. 
1.5m with moderate whitish‐
transparent drussy Qtz 
stockwork (NW20/80) and Qtz 
+ <oxidized sulfide, moderate 
silicified VSS? 
(volcanosediments) in STR, 
B14349  537499  3365346  PyOx ~1%.  0.142  1  63  200  400  30  0  0 
40 cm sample, moderate 1‐4 
mm grayish‐transparent drussy 
Qtz + Hematite stockwork 
NW50/75, also weak MnOx 
c/fractures. Host rock: Qtz‐
sandstone with moderate 
B14350  537604  3365250  silicification.  0.051  0  43  130  480  10  0  0 
Grab sample, moderate 1‐3 
mm  transparent drussy Qtz + 
<Limonite‐Goethite stockwork 
and moderate Lim‐Goethite‐
<Hem c/fractures, & weak 
phyllic overprinting to 
propylitic, hoted in VSS (AKSS‐
arkosic sandstone). Note 3 m 
B14351  537423  3365308  wide alteration.  0.111  14  68  300  50  40  0  0 
1.1 m sample, weak breccia 
STR as dike trend NW55, 
breccia STR with transparent‐
grayish & <whitish drussy Qtz 
infill ~10‐15%, hosted in 
pinkish k‐feldspar + Qtz dike 
(Rhyolic?) with moderate 
silicified patches and sporadic 
B14352  537399  3365303  phyllic patches. Note: ~2 m of  0.022  0  19  10  2090  10  0  0 
80 cm sample, breccia Qtz vein 
STR (~Qtz 90%) with gray‐
transparent Qtz + <<oxidized 
sulfide & oxidized sulfide + 
<Qtz, Hematite‐Limonite as 
moderate patches, hosted in 
the contact of PQP and 
greenish tuff (VSS sequence), 
B14353  537229  3365283  silicification overprinting to   0.424  3  154  4570  1890  10  0  0 
1 m of sample, grayish‐
whithish drussy Qtz vein (25 
NW/80) withweak hematite + 
<< limonite & black mineral in 
cavities, hosted in PGB rock 
with moderate propylithic 
alteration & moderate phyllic 
B14354  536592  3364248  & weak‐moderate silicification  3.670  3  79  1010  3430  30  0  0 
80 cm of sample, grayish‐
whithish drussy Qtz veining/ 
B14355  536626  3364211  vein (15 NW/60) with  0.310  1  359  7620  740  50  14  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 97 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

moderate hematite + << 
limonite in cavities, black 
mineral + MnOx traces, hosted 
in PGB rock with weak 
propylithic & moderate 
silicification 
80 cm of sample, grayish‐
whithish drussy Qtz vein with 
moderate hematite +<<lmt in 
cavities, black mineral & MnOx 
traces, hosted in PGB  rock 
with moderate propylithics & 
weak.moderate phyllic 
alteration, weak‐moderate 
B14356  536695  3364077  silicification  0.218  2  166  2100  3120  20  0  0 
30 cm of sample grayish‐
whithish drussy Qtz vein 
(SE40/80)with moderate 
hematite + <<lmt in cavities, 
black mineral & MnOx traces, 
hosted in PGB rock with 
moderate phyllic & moderate 
B14357  536724  3364040  propylithic alteration  0.198  3  390  8680  9480  20  0  0 
70 cm of sample, whithish‐
grayish, banded drussy Qtz 
vein (30 NW/35) with black 
mineral  & MnOx in cavities + 
hematite + << limonite in 
fractures, hosted in rock with 
moderate phyllic alteration & 
B14358  536516  3364221  moderate silicification  0.606  5  291  11200  8560  30  0  0 
40 cm of sample grayish‐
whithish banded drussy Qtz 
vein (60/75), moderate 
hematite &moderate black 
mineral in cavities, also 
observed crisocole (CuSiO2) + 
Gn + sph dissem , hosted 
contact intrusive/shale rocks 
with moderate phyllic & 
B14359  536632  3364113  moderate propylithi  0.752  10  773  8830  1420  70  0  0 
35 cm of sample , grayish‐
whithish drussy Qtz vein ( 
SW15/60), weak‐moderate 
hematite + <<limonite traces in 
cavities, black mineral (after 
sulfide) +<< MnOx traces, 
hosted in KfPQ rock with weak‐
moderate  phyllic & weak‐
B14360  536387  3364125  moderate silicification  0.497  5  151  1950  380  40  0  0 
40 cm of sample, including 25 
cm of grayish‐whithish drussy 
Qtz vein with mod hematite + 
<<limonite in cavities & black 
mineral+MnOx traces, 15 cm of 
tiny drussy tiny Qtz veinlents 
B14361  536438  3364098  with moderate hematite  0.071  1  50  460  2060  40  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 98 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

+<<limonite (traces), hosted in 
KfPQ rock with mo 
50 cm of sample, including 25 
cm of grayish‐whithish Qtz vein 
(NW 35?/?)with weak 
hematite+<<black mineral, 25 
cm with tiny Qtz stwk + 
moderate hematite in 
fractures, hosted in rock with 
moderate phyllic & moderate 
B14362  536347  3364375  silicification, weak propylithic  2.380  4  206  1800  2580  10  0  0 
1.50 m of sample, grayish‐
whithish drussy + amethyst Qtz 
vein with moderate‐strong 
hematite (FeOx) in fractures + 
black mineral, crisocole, 
azurita, malachite, galene & 
sphalerite <1% diss, hosted in 
KfPQ rock with silicification & 
B14363  536097  3364625  moderate phyllic alte  2.440  3  513  6930  0  520  188  0 
70 cm of sample, whithish‐
grayish drussy Qtz vein (SE 
35/55) with black mineral & 
MnOx traces, << hematite 
traces in cavities, pyOx dissem 
> 1% dissem, hosted in 
sandstone rock with low‐
moderate phyllic alteration & 
B14364  536421  3363789  weak‐moderate silicification  0.032  3  70  390  600  10  8  0 
90 cm of sample, grayish‐
whithish banded drussy Qtz 
vein (SE 40/45) with black 
mineral + MnOx + hematite in 
cavities, hosted in rock with 
moderate phyllic & mod 
B14365  536240  3363972  silicification  0.259  9  416  13300  890  10  0  0 
Grab sample, moderate 0.3‐5 
cm transparent & <grayish 
drussy Qtz stockwork, & <late 
stage of Hematite as drussy 
cavities infill. Trend of 
stockwork NW60/75, hosted in 
B14366  537293  3365352  beige‐pinkish Qtz sandstone.  0.000  0  12  40  1110  0  0  0 
70 cm sample, STR locally with 
trend NW70/55 & general 
trend NW10‐15/30‐50, weak 
breccia structure with 
transparent and gray Qtz? 
Goethite‐<Hematite‐<Limonite 
drussy‐banded as stockwork or 
cement. Host rock greenish 
fine grain tuff (Andesitic? tuff) 
B14367  537371  3365341  & V  0.474  2  219  2010  480  10  0  0 
20 cm sample, breccia STR 
(S00‐SW25/70‐80) with ~10‐
B14368  537332  3365445  15% whitish‐grayish &  0.127  0  25  260  200  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 99 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

transparent drussy Qtz + 
<<Hematite (late stage) of 
cement. Host rock: Beige 
pinkish Qtz‐sandstone with 
moderate silicification. 
80 cm sample, STR SE15/70, 
~40% of grayish‐transparent 
weak banded Qtz?Black 
mineral + <Qtz and drussy Qtz 
cement in breccia structure, 
B14369  537372  3365467  hosted in PQP.  0.091  0  33  260  40  20  0  0 
70 cm sample, weak & 
<moderate 1‐3 mm whitish 
drussy Qtz stockwork with 
trend NE15 & NW40/70‐80. 
Hosted in beige fine grain 
sandstone with weak phyllic 
and silicification, PyOx 
disseminte <1%, Hematite 
B14370  537187  3365375  traces.  1.495  1  10  20  80  0  0  0 
80 cm with weak to moderate 
transparent‐<whitish‐<grayish 
drussy Qtz stockwork & veining 
NW10/80, hosted in gray PQP 
with weak silicified patches, 
PyOx traces, Chlorite veinlets 
B14371  537254  3365424  traces, sercite traces.  0.268  0  26  80  540  0  0  0 
1m sample, weak to moderate 
<1‐5 cm grayish‐transparent & 
whitish Qtz + <Hematite (after 
sulfide) stockwork with trend 
NW20/50‐60 & NW40/50. Host 
rock PQP wth weak 
silicification, PyOx traces, 
B14373  537383  3365522  Sericite traces.  0.055  0  34  170  50  0  0  0 
STR SW30/75, 1.2 m sample, 
breccia structure with ~40% of 
transparent‐<grayish & whitish 
drussy Qtz + <<Hematite (after 
sulfide) as cement, hosted in 
PQP with weak Hematite 
c/fractures (only in structure) 
B14374  537363  3365535  & weak silicified patches.  0.108  0  11  30  660  30  0  0 
90 cm sample, STR NW10/60 & 
NW40/75, including grayish 
drussy Qtz stockwork & breccia 
with Qtz 15%, and also early 
stage of black mineral + <Qtz 
as stockwork or banding of 
black mineral + <Qtz?grayish‐
transparent drussy Qtz. Host 
B14375  537332  3365491  rock: PQP with weak sil  0.121  0  100  1300  1830  30  0  0 
NW40/80 STR, 40 cm sample, 
few banded transparent‐
grayish & whitish Qtz & <Qtz + 
B14376  537282  3365514  Hematite (after sulfide) as  5.700  96  88  1780  320  60  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 100 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

breccia structure cement, & 
fragments replaced by  
moderate MnOx (& 
c/fractures, fresh Py traces. 
Host rock: FGSS (beige 
sandstone) with moderat 
70 cm sample, moderate 
transparent‐<whitish drussy 
Qtz + <Hematite (after sulfide) 
with trend NW40/65 & <NW60 
& <<NE40‐50, hosted in FGSS‐
AKSS with weak silicification & 
Limonite in groundmass (PyOx 
B14377  537222  3365521  <1%). Shallow old working.  0.147  2  18  210  80  0  0  0 
1.5 m sample, moderate <1 
mm Hem + <Li + <Qtz 
stockwork in several trends 
(mostly NW60) & weak Qtz + 
<Hematite stockwork with 
trend SE60/70. Hosted in PQP 
with weak phyllic & 
silicification, PyOx traces. Few 
to moderate Hematite + <Lim 
B14378  537190  3365231  c/fractures.  0.016  0  11  100  20  0  0  0 
1.2 m sample, moderate first 
stage gray‐transparent Qtz + 
<Black mineral & second stage 
of Qtz + Hematite (after 
sulfide) stockwork with trend 
NW10/80, hosted in  contat of 
PQP/Qtz‐sandstone with 
moderate silicification and 
B14379  537132  3365033  with weak phyllic, also trans  0.103  0  0  0  200  10  0  0 
Moderate 1‐2 mm Qtz + 
Hematite & Qtz + <Hematite + 
<<Limonite (after sulfide) with 
trend NW‐SE40‐60/70‐85, 
hosted in reddish sandstone 
with weak phyllic and 
B14380  537109  3364983  silcification.  0.600  0  22  550  0  0  0  0 
60 cm of sample, strucuture 
+grayish drussy Qtz vein with 
moderate hematite (after 
sulfide) + <<limonite traces in 
cavities , py boxwork? , hosted 
in rock (20% plagioclase, 5% 
biotite remplaced by chlorite , 
epidote traces) with  moderate 
B14381  536464  3365657  propylitic & m  0.115  2  63  2390  2960  30  0  0 
grayish drussy Qtz vein (NW 
15/40) with moderate 
hematite  + << limonite traces, 
black mineral + MnOx in 
fractures , hosted in reddish 
sandstone rock with weak‐
B14382  536122  3364810  moderate phyllic alteration  1.970  56  160  13000  800  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 101 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

whitish‐grayish drussy banded 
Qtz vein = 60 cm of wide (NW 5 
/ 75) with moderate hematite 
+<< limonite (traces), 
blackmineral+<<MnOx , hosted 
in KfPQ rock with moderate 
B14383  535850  3364808  silicification & moderate phyllic  1.135  2  80  1660  4700  20  0  0 
70 cm of sample, including 
whithish & grayish tiny (3 cm 
of wide) Qtz veining  (NW 40 / 
65) , weak hematite +<<  
limonite in cavities , black 
mineral  + MnOx in fractures & 
PyOx dissem, hosted in KfPQ 
rock with moderate phyllic & 
B14384  535787  3364964  weak propylitic  0.250  2  200  560  2680  50  0  0 
70 cm of sample, including 
whithish‐grayish Qtz veining  
(NW35/75 general trend ) with 
weak‐moderate hematite +<< 
limonite in traces, black 
mineral traces +<<MnOx in 
fractures hosted in KfPQ rock 
with weak‐moderate  phyllic & 
B14385  535668  3364990  weak propylitic  7.510  2  77  860  1880  50  0  0 
80 cm of sample , structure 
(NW 25/75) with whithish‐
grayish Qtz veining  & 
microbreccia with weak 
moderate hematite in fractures 
hosted in shale / sandstone 
rock with weak phyllic 
B14386  537265  3365653  alteration  0.239  2  11  40  70  100  12  0 
structure (SE 10/high angle), 
grab sample = 1.5 metros , 
including tiny grayish & 
whithish Qtz veinlents hosted 
in beige sandstone rock with 
weak‐moderate hematite in 
fractures, black mineral + 
MnOx traces, weak phyllic 
B14387  537282  3365600  alteration  0.871  49  46  290  340  20  14  0 
B14388  537266  3365556     3.120  197  96  660  610  20  72  0 
30 cm of sample , grayish‐
whithish Qtz vein (SE 10/85), 
with weak hematite +<< 
limonite in traces, black 
mineral in traces, hosted in 
beige sandstone rock with 
B14389  537230  3365540  weak phyllic  0.482  16  80  900  480  30  0  0 
1.20 m of sample, grayish‐
whithish drussy Qtz vein + 
breccia structure (NE 
10/65)with weak‐mod 
hematite in fractures + black 
B14390  537155  3365472  mineral +<< MnOx  traces,  1.230  20  132  1760  1330  40  10  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 102 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

hosted inbeige sandstone rock 
with weak phyllic 
Grab sample, STR NW30/60, 
moderate drusy Qtz stockwork 
& moderate‐strong 
silicification, PyOx disseminate 
~3‐5%, & sporadic patches of 
unoxidized Py ~5%. Host rock: 
Shale? & Limestone (partly to 
strong silicification or 
replacement patches), also 
B14391  537148  3365242  weak p  0.164  7  14  50  60  100  18  0 
70 cm sample, weak brecciate 
STR, & main fracturing 
NW50/55‐60, weak & 
moderate silcified patches, & 
grayish‐whitish drussy Qtz as 
stockwork or patches of weak 
brecia STR. Host rock: blackish 
shale with weak silcified 
patches & phyllic, weak 
B14392  537124  3365228  Hematite c/  0.206  7  30  440  460  60  0  0 
60 cm STR with out clear trend 
(~NE25/70), breccia STR with 
10‐20% & up to 40% of 
transparent‐grayish & whitish 
drussy Qtz as cement, 
moderate silicified patches in 
fragments. Host rock: 0.2‐0.5 
mm grain size beige feldspar‐
B14393  537098  3365211  <Qtz sandstone with weak phyl  0.201  15  56  250  540  10  0  0 
80 cm sample, including 20 cm 
of whitish‐grayish & 
transparent drussy Qtz breccia 
vein (70% Qtz), and rest of 
sample with moderate 1‐5 mm 
Qtz stockwork. Host rock: fine 
grain beige sandstone with 
weak phyllic and silicification, 
B14394  537060  3365149  PyOx 1%. STR average tre  0.119  2  33  360  430  0  0  0 
1.5 m sample, strong 
weathered STR,  breccia STR 
with ~15‐20% of whitish‐gray & 
transparent drussy Qtz as 
cement or stockwork, hosted 
in fine grain size with weak‐
moderate phyllic, PyOx <1%. 
STR trend ~NW10, also 
<<SE60/80 Qtz stockwork. 
B14395  537092  3364964  Moderate Hemati  0.218  1  35  1130  390  10  0  0 
80 cm sample, moderate 1‐20 
mm grayish‐<transparent & 
whitish drussy Qtz + <Hematite 
(after sulfide) stockwork 
NW20‐40/70, probably main 
fault structure NW40/70, 
B14396  537038  3365049  hosted in 0.5 mm grain size  0.031  1  7  30  20  20  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 103 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

massive beige sandstone with 
weak silicified groundmass, 
PyOx < 
30 cm structure, grayish & 
whitish‐transparent & <late 
stage of amethyst Qtz, breccia 
Qtz vein STR, sporadic patches 
of Hematite as infill of cavities 
of drussy Qtz, PyOx & oxidized 
B14397  536998  3365030  sulfide <1%.  0.139  2  18  210  240  0  0  0 
50 cm with weak‐moderate 2‐5 
mm whitish drussy Qtz + 
<oxidized sulfide (Hematite‐
Limonite) stockwork with trend 
SE10/80, &15 cm with 
moderate grayish and whitish 
drussy Qtz & Qtz + <Hematite 
stockwork w/ trend SE30/60. 
Host rock: fine grain folded 
B14398  536976  3365076  sands  2.270  2  13  430  820  0  0  0 
40 cm sample, breccia STR 
(NW15/80) with ~10% of 
transparent‐<grayish weak 
banded drussy Qtz & Qtz + 
Hematite as cement. Host rock: 
moderate silicified fine grain 
B14399  537095  3365235  beige sandstone.  0.152  1  24  280  510  30  0  0 
60 sample, breccia STR 
(SE40/60 locally) with gray and 
white drussy Qtz +<Hematite 
(after sulfide) as cement (20% 
Qtz). Host rock: FGSS with 
weak silicification & weak 
B14400  537010  3365188  Limonite c/fractures, PyOx <1%  0.116  1  19  30  100  0  5  0 
STR SE10/60, 50cm sample, 5‐
10% of transparent‐<grayish 
drussy Qtz & Qtz + Hematite 
(after sulfide) as weak breccia 
STR or moderate Qtz 
stockwork. Host rock: Fine 
grain beige sandstone wit 
weak‐moderate silicification, 
B14401  536986  3365144  PyOx 1‐2%  0.724  2  94  910  600  0  32  0 
1 m sample, SE40/60 breccia 
structure, 20 cm of gray Qtz 
breccia (~10%), and rest of 
sample with moderate gray‐
transparent Qtz & Qtz + 
<Hematite  stockwork. Host 
rock: Beige fine grain 
sandstone with weak silicified 
patches. Also weak Chlorite 
B14402  536992  3365116  c/fractur  0.048  0  7  270  280  10  0  0 
80 cm, moderate <1‐2 mm 
gray‐transparent drussy Qtz + 
B14403  536995  3365258  Hematite (after sulfide)  0.029  0  5  60  90  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 104 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

stockwork with trend mostly 
SE35/80, & 15 cm moderate 
silicification and weak breccia 
STR. Host rock: weak silicified 
and phyllic beige fine grain 
sandsotne, PyOx 1‐2% 
71 cm sample, STR SE50‐60/55‐
60, weak breccia or crackle 
breccia STR (Qtz 5%), 
transparent & grayish & 
whitish drussy Qtz + Hematite 
(after sulfide) stockwork or 
crackle breccia infill, sporadic 
moderate MnOx & Hematite 
B14404  536944  3365287  c/fractures or cavities infill. H  0.217  1  12  810  440  10  30  0 
~3 m selective grab sample, 10‐
20% Qtz STR, transparent‐
whitish & <gray Qtz + 
<Hematite (after sulfide) as 
cement, hosted in FGSS with 
weak phyllic & silicification, 
PyOx <1%,  weak Limonite 
c/fractures, no clear str trend, 
B14405  537985  3365315  probably SE30/65 & NE‐SE40 st  0.052  0  6  20  20  20  0  0 
STR NW20/50, 70 cm breccia 
Qtz vein, Qtz 80%, whitish‐
transparent & grayish drussy 
Qtz, fragments replaced by 
moderate Hematite + clay, also 
weak banded Qtz + <Black 
mineral as late ? Stage, weak 
B14406  537019  3365371  MnOx c/fractures.  0.566  10  33  900  280  50  18  0 
30 cm sample, including 15 cm 
of breccia Qtz vein w/ Qtz ~30‐
40%, grayish drussy Qtz + 
<Hematite‐Limonite (after 
sulfide), 3 mm PyOx crystals 
~1%, rest of sample with 
moderate Qtz stockwork, weak 
B14407  537041  3365287  Lim c/fractures. STR Nw25/60.  0.033  1  8  80  60  10  0  0 
70 cm sample, including 20 cm 
of breccia STR (Qtz 15%) with 
gray‐transparent Qtz + 
<<Hematite (after sulfide) infill, 
and rest of sample with 
moderate to weak Qtz 
stockwork mostly NE‐
SW30/80, main STR NE30/75. 
Host rock: fine grain beige 
B14408  537114  3365274  sandstone with   0.374  3  12  180  330  40  0  0 
2 m grab sample, moderate 
transparent‐grayish & whitish 
1‐3 mm drussy Qtz & Qtz + 
<Hematite (after sulfide) 
stockwork and veining (5‐15 
cm) with trend SE30‐50/75, 
B14409  537077  3365314  moderate silcified fine grain  1.085  7  19  360  300  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 105 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

beige sandstone, PyOx <1%. 
Dump sample of drussy 
banded Qtz vein of 30‐40 cm 
wide, transparent‐gray and 
whitish Qtz and banding of 
moderate Hemaite‐Limonite & 
MnOx as patches & 
<Qtz+<Hematite (after sulfide). 
STR SE40/80. Host rock: fine 
grain beige sandstone with 
B14410  537050  3365418  weak silicifica  2.520  165  128  4110  720  30  13  0 
50 cm sample, beige‐gray 
moderate silicified fine grain 
sandstone with tiny bedding, 
and moderate drussy Qtz + 
<Hematite in bedding planes or 
flow plane? (E00/55), & sample 
includes 10 cm of irregular 
drussy Qtz breccia (5% Qtz). 
B14411  537047  3365455  Folded rock? Or flow.  14.400  23  20  160  230  10  5  0 
1 m sample, moderate‐weak 1‐
2 mm drussy Qtz + <Hematite 
(after sulfide) stockwork (NW‐
SE15/85 & SE65‐75/50‐60), 
hosted in moderate to strong 
silicified Qtz‐sandstone? (no 
clear texture) overlaying to fine 
B14412  537018  3365495  grain beige sandstone.  0.806  12  21  480  30  20  0  0 
1.4 m grab sample,  moderate 
1‐5 mm gray‐transparent 
drussy Qtz + <Hematite (after 
sulfide) stockwork, and 
moderate silicified fine grain 
beige sandstone, PyOx 
disseminate 1‐2%, trend of 
B14413  537049  3365510  stockwork NW‐SE75‐85/70‐80.  0.951  1  9  0  10  10  0  0 
1.2 m sample, SE70/75 STR, 15 
cm of breccia Qtz vein & rest of 
sample include moderate 1‐3 
mm grayish drussy Qtz + 
Hematite (after sulfide) 
stockwork & <whitish Qtz. Host 
rock fine grain beige 
sandstone, PyOx 1‐2%, weak 
B14414  537089  3365495  phyllic and silcification.  0.098  1  20  60  140  20  0  0 
30 cm of sample, grayish 
drussy Qtz vein (40 NW/?) with 
weak hematite +<< black 
mineral +MnOx in fractures 
hosted in KfPQ rock with weak 
propylitic & weak mod‐phyllic 
B14415  535829  3364685  alteration, weak silicification  0.183  1  69  1770  3120  10  0  0 
60 cm of sample, grayish‐
whithish drussy Qtz vein (NW 
55/?) with moderate hematite 
B14416  535934  3364610  + weak‐moderate limonite,  0.046  4  30  90  200  90  81  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 106 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

black mineral +MnOx hosted in 
KfPQ rock with weak phyllic 
alteration 
30 cm of sample, grayish‐
whithish drussy Qtz vein  (NW 
20/75) with moderate 
hematite + <limonite in 
cavities, black mineral 
+<<MnOx traces, hosted in 
KfPQ rock with moderate 
phyllic alteration & weak 
B14417  535944  3364517  propylitic  0.011  1  33  330  660  50  0  0 
90 cm of sample, whithish & 
bull Qtz vein (NW80/60) with 
weak hematite +<< limonite, 
black mineral +<< MnOx in 
fractures & cavities, hosted in 
rock with moderate propylitic 
B14418  536129  3364333  alteration & weak phyllic  0.678  1  162  90  760  50  0  0 
50 cm of sample, grayish‐
whithish drussy Qtz vein with 
weak‐moderate  hematite +<< 
limonite in cavities & fractures, 
black mineral + MnOx in 
fracures, hosted in rock with 
weak‐moderate silicification, 
B14419  536171  3364687  weak phyllic  2.650  2  218  2170  2270  80  0  0 
2 m sample,  STR NE15/50,  
including 80 cm of whitish‐
<transparent‐gray Qtz + 
Galena? & banding of Hematite 
& Qtz + <Hematite vein, and 
rest of sample as moderate Qtz 
veining & breccia structure 
with transparent‐whitish Qtz + 
B14420  537152  3365479  Hematite, also fragments re  2.100  42  134  2430  920  60  11  0 
1.2 m grab sample, including 1‐
15 cm of drussy weak banded 
Qtz veining (transparent Qtz & 
patches of  Hematite + clay)  
and stockwork with trend 
NW10/75 & NE50/70‐80, & 
<late stage of transparent‐
whitish drussy Qtz stockwork, 
B14421  537165  3365524  hosted in rock  with modera  0.671  6  37  270  300  30  0  0 
20 cm sample,  Qtz vein with 
transparent‐whitish & <grayish 
drussy Qtz + <<oxidized sulfide 
with trend NE50/85, hosted in 
weak to moderate silicified fine 
grain sandstone‐Limestone? 
B14422  537191  3365490  Sequence.  0.156  4  12  130  50  0  0  0 
2 m sample, channel sample, 
moderate grayish drussy Qtz + 
<Hematite (after sulfide) & 
B14423  537206  3365609  whitish Qtz stockwork  0.272  13  19  210  440  120  74  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 107 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

NE30/85, & Qtz + <Galena 
stockwork. Host rock in 
Limestone‐Shale 
Las Abejas STR projection, 80 
cm sample, grab sample, 
including 20 cm of whitish & 
<transparent Qtz cement 
~60%, & moderate 
transparent‐whitish drussy Qtz 
+ <Hematite stockwork & Qtz + 
<Py cement. Host rock: fine 
grain sandstone. STR  
B14424  537115  3365598  NW15/60.  1.195  11  70  750  440  110  6  0 
1m channel smple, STR 
SE20/75, including 20 cm of 
breccia STR (Qtz 30%) with 
transparent‐grayish & whitish 
Qtz & Qtz + <Black mineral, & 
weak late stage of Hematite & 
MnOx as drussy open space 
infill. Rest of sample with 
moderate drussy Qtz 
B14425  537295  3365659  stockwork &   0.032  3  18  300  240  20  8  0 
1 m channel sample,  
moderate to weak 1‐3 mm 
grayish‐whitish drussy Qtz + 
<black mineral stockwork 
(SE10/85), moderate Hematite 
& MnOx c/fractures, moderate 
weathering. Host rock fine 
grain sandstone‐shale 
sequence and in fault contact 
B14426  537310  3365671  (NW30/60) with Li  0.083  6  46  490  690  60  11  0 
4 m channel sample, ~3 m 
thickness, NW50/70? STR, two 
breccia STR of 80 cm & 1.2 m 
with Qtz (10‐15%) + <oxidized 
sulfide + <<Py traces, & 1 m 
with moderate‐weak whitish‐
grayish‐transparent drussy Qtz 
stockwork, moderate Hematite 
B14427  537319  3365673  (late stage?) in fractur  0.111  5  42  160  480  30  14  0 
STR SE40/75, 40 cm sample, 
breccia STR with 10‐15% of 
gray‐<transparent and whitish 
drussy Qtz + Hematite & rock 
with moderate Hematite in 
groundmass & weak Limomite 
patches, PyOx 1%, and weak 
phyllic overprinting to weak 
B14428  537383  3365685  propylitic.  0.020  1  123  500  1310  50  0  0 
STR NW50/45, 50 cm sample, 
breccia STR with ~15% of gray 
Qtz + PyOx (up to 70% of PyOx 
and 5 mm crystals) & gray‐
transparent Qtz + <Hematite‐
B14429  537409  3365757  Limonite (after Py) as cement  0.139  4  133  940  440  50  30  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 108 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

or stockwork, Py  disseminate 
1‐3%. Str located in contact of 
spherulite sill (?)  
60 cm sample,  weak breccia 
STR or moderate transparent‐
grayish drussy Qtz + <Hematite 
(after sulfide) stockwork, and 
weak to moderate silicified 
patches in spherulite‐flow 
banding dike. STR SE40/80, 
some places breccia with Qtz 
B14430  537370  3365854  40%.  0.012  1  9  60  30  0  0  0 
40 cm breccia STR (NW40/70) 
with 10‐15% of transparent‐
grayish drussy Qtz + <oxidized 
sulfide as cement, hosted in 
microconglomerate with weak 
B14431  537415  3365975  argillic overprinting to phyllic.  0.007  2  7  10  10  0  0  0 
STR SE40/70, 1.2 m grab 
sample, weak breccia STR with 
5‐10% of transparent‐grayish & 
whitish drussy Qtz + 
<<Hematite (after sulfide) 
cement, weak to moderate 
silicified patches in 
mocroconglomerate or 1‐5 mm 
poorly sorted coarse lithic 
B14432  537393  3365946  sandstone (lithic  0.100  63  11  70  170  30  0  0 
70 cm sample, up to 50% 
breccia Qtz STR (N00/60) with 
first stage of whitish Qtz & late 
stage of transparent‐grayish 
drussy Qtz + <<Hematite & 
black mineral (traces), and 
weak late stage of Hematite as 
drussy qtz open space infill. 
B14433  537303  3365862  Host rock: pinkish‐fl  0.036  2  5  20  20  30  0  0 
Sample including 20 cm of 
transparent‐grayish and 
whitish drussy Qtz breccia STR 
(NE05/80) & 30 cm of 
moderate drussy Qtz + 
Hematite stockwork SE30/70. 
Host rock:  beige k‐feldspar + 
Qtz & aphanitic groundmass 
B14434  537251  3365838  rock (sill).  1.670  3  12  10  10  0  0  0 
STR NW25/80, 40 cm sample, 
20 cm of breccia drussy Qtz + 
<PyOx STR, & 20 cm with 
weak‐moderate transparent to 
grayish & whitish Qtz 
stockwork, partly oxidized Py 
traces. Host rock: Siltstone‐
shale sequence. Hanging wall 
rock with weak silicificcation 
B14435  537225  3365664  an  0.445  7  28  70  100  150  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 109 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

30 cm sample,  moderate to 
weak 1‐3 mm whitish & 
transparent‐gray drussy Qtz + 
<Hematite (after sulfide) 
stockwork NW‐SE60‐70/80‐90 
& fine grain sandstone with 
weak patchy silica, weak 
B14436  537093  3365658  phyllic, PyOx 1%.  0.214  1  6  570  190  0  5  0 
50 cm grab sample, including 
15 cm of breccia Qtz STR with 
trend N00/75 & transparent‐
grayish & whitish Qtz + <PyOx 
infill or cement ~30%, & rest of 
sample include moderate 1‐2 
mm whitish‐transparent drussy 
Qtz + <Hematite stockwork, 
B14437  536996  3365629  host rock with mode  3.850  18  122  1110  950  10  0  0 
40 cm sample, irregular ~20 cm 
breccia STR with trend 
SE30/65, transparent‐grayish & 
<whitish drussy Qtz, & sporadic 
banding of Hematite & MnOx, 
MnOx c/fractures. Host rock: 
coarse grain sandstone & 
<shale‐fine grain sandstone 
B14438  537119  3365910  sequece with weak phyllic   0.085  4  25  40  310  30  0  0 
STR NW30/75, ~80 cm breccia 
STR with ~10% of gray‐
transparent Qtz infill & 
moderate MnOx, Hematite & 
Limonite as patches or weak 
banding; coarse grain lithic 
sandstone (folded and with 
weak foliation) with weak 
selective phyllic & chlorite 
B14439  537115  3365972  veinlets, seq  5.660  22  400  1170  2760  90  0  0 
80cm sample, NW20/50 
breccia Qtz vein STR with 
transparent‐gray drussy Qtz + 
<Py (PyOx) + <Galena + 
<<Sphalerite. Sporadic patches 
with unoxidized Py & Galena + 
<Sphalerite. Hosted in 
andesitic? Tuff with weak‐
B14440  537500  3365497  moderate propylitic.  0.275  7  118  5820  5360  30  0  0 
30 cm of sample, whithish‐
grayish Qtz vein (NW 30/60), 
with weak hematite + << 
limonite in cavities , MnOx +<< 
black mineral , hosted in KfPQ 
rock with moderate propylitic 
B14441  535691  3364545  & moderate phyllic alteration  0.038  1  16  1000  1470  10  0  0 
40 cm of sample, including 20 
cm of grayish‐whithish Qtz vein 
(NW 65/60) with moderate 
hematite + << limonite, black 
B14442  535623  3364602  mineral traces + MnOx traces,  0.026  1  132  1440  970  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 110 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

40 cm with KfPQ rock (with 
tiny Qtz veinlents in stwk), the 
sample is hosted in KfPQ rock 
with moderate ph 
1.50 m of sample , grayish‐
whithish drussy Qtz vein 
(NW40/55) with moderate hmt 
+ << limonite in fractures & 
cavities, PyOx dissem < 1%, 
black mineral +<<MnOx , 
hosted in KfPQ rock  with weak 
propylitic  & weak ‐moderate 
B14443  535592  3364720  phyllic alteration, weak‐mod sil  2.520  6  29  7620  1130  10  0  0 
 1 m of sample ,grayish‐
whithish Qtz vein + breccia 
structure (NW 20/55) with 
moderate hematite + 
<<limonite in fractures & 
cavities, black mineral +<< 
MnOx, hosted in KfPQ rock 
with weak propylitic & weak‐
moderate phylli, weak‐
B14444  535566  3364823  moderate silicification  0.564  8  130  16300  4950  110  91  0 
1.5 m of sample , including 
grayish‐whithish Qtz vein (NW 
30/55) + structure with 
stockwork (grayish veinlents), 
moderate hematite + << 
limonite  in cavities, black 
mineral + MnOx in fractures, 
hosted in KfPQ rock with weak 
B14445  535510  3365067  propylitic + weak‐moderate ph  0.239  6  483  4930  440  20  0  0 
whithish‐grayish Qtz vein = 40 
cm of wide (NW 25/75) with 
weak‐moderate hematite in 
fractures & cavities, MnOx + << 
black mineral, hosted in KfPQ 
rock with weak phyllic & weak 
B14446  535461  3365155  silicification  0.198  2  82  990  1000  50  0  0 
whithish‐grayish Qtz vein = 20 
cm of wide, (NE25/75) with 
weak hematite in cavities + 
MnOx in fractures hosted in 
KfPQ rock with weak‐moderate 
propylitic & weak‐moderate 
phyllic, weak silicification, PyOx 
B14447  535575  3364434  >1 % dissem  0.019  1  42  540  390  0  0  0 
1 of sample, whithish & grayish 
+ << amethyst Qtz vein (SE 30 
/55) with moderate hematite + 
<< limonite in traces + black 
mineral, << MnOx in fractures, 
hosted in KfPQ rock with weak‐
moderate phyllic & mod 
B14448  535540  3364259  propylitic  2.470  52  104  6500  1240  70  44  0 
B14449  535523  3364469  40 cm of sample, whithish‐ bull  0.259  2  56  100  90  110  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 111 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

Qtz vein (NE‐SW 20/?) with 
moderate hematite + weak 
limonite in cavities, black 
mineral in traces + MnOx in 
fractures, hosted in KfPQ with 
weak phyllic & weak propylitic 
STR NW10/55, 30 cm sample, 
weak breccia STR with 5‐10% 
of gray drussy Qtz + <Hematite 
+ Limonite (after Py & other 
sulfides), weak phyllic in STR. 
Host rock arkosic sandstone 
B14451  537506  3365560  with weak propylitic.  0.124  2  297  320  370  50  16  0 
STR NW20/80, weak breccia 
STR or moderate grayish Qtz + 
<PyOx (1‐3 mm crystals) as 
stockwork or infill, weak phyllic 
overprinting to propylitic in 
B14452  537545  3365549  structure. Host rock as above.  0.251  1  389  1850  1280  70  0  0 
STR SE80/80, ~40 cm wide, 
grab sample in structure, weak 
brecia structure with 5% of 
grayish‐whitish drussy Qtz + 
<Hematite (after sulfide) & 
moderate‐weak silcified fine 
grain beige sandstone bedding 
(<2 meters) & weak phyllic. 
B14453  537638  3365623  Weak Limonite c/fracture  0.013  0  37  30  70  0  0  0 
Moderate stockwork & weak 
breccia STR with transparent‐
grayish & whitish drussy Qtz 
stockwork NE10‐20/85 & 
SE50/80, & moderate 
silcifiedfine grain sandstone 
(<5 m bed) & weak phyllic, 
PyOx <1%, weak Limonite 
c/fractures, STR enclosed by 
B14454  537663  3365551  propylitic rock.  0.482  7  677  370  240  10  31  0 
STR SE50/70, 30 cm sample, 
moderate‐weak whitish‐
transparent Qtz stockwork & 
one 5 cm Qtz + <Black mineral 
+ <PyOx (traces) veining, 
hosted in fine grain sandstone‐
B14455  537694  3365624  volcanosediments  0.189  5  122  630  360  20  25  0 
 60 cm of sample, whithish‐
grayish Qtz vein(N‐S/ high 
angle), with moderate‐strong 
hematite +<<limonite, black 
mineral + MnOx in fractures & 
cavities, hosted in KfPQ rock 
B14456  535722  3364343  with weak phyllic alteration  0.202  2  127  690  380  1170  30  0 
40 cm of sample, including 15 
cm of grayish‐whithish Qtz vein 
(NE 25/ high angle), 25 cm 
B14457  535805  3364433  KfPQ  with tiny Qtz veinlents +  0.278  1  59  1230  1130  10  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 112 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

moderate hematite in cavities, 
black mineral + MnOx in 
fractures, hosted in KfPQ with 
weak phyllic 
1.20 m of sample, whithish & 
bull Qtz vein (SE 25 /70) with 
weak hematite  in cavities + 
sericite tr, hosted in GPB rock 
with moderate propylitic & 
B14458  535397  3364202  moderate phyllic  1.240  0  66  180  50  30  0  0 
1 m of sample, whithish & bull 
Qtz vein with weak hematite in 
cavities + <<limonite (NW 
55/70) hosted in GPB rock with 
moderate‐strong propylitic & 
B14459  535464  3364120  weak phyllic  0.062  0  82  340  180  10  10  0 
60 cm of sample , whithish + 
bull Qtz vein (NW 45 / 60) with 
weak‐moderate hematite in 
cavities + <<limonite, black 
mineral + MnOx in fractures, 
hosted in GPB rock with 
moderate‐strong propylitic 
Note: fresh py dissem >1% in 
B14460  535340  3363965  bull Qtz vein  1.145  2  58  110  60  360  0  0 
Grab sample, ~70 cm sample,  
moderate & weak breccia STR 
(NW20/?) with 1‐3 mm gray & 
<whitish drussy Qtz + <PyOx 
(Hem‐Lim) stockwork or infill, 
moderate‐weak Hematite & 
MnOx as drussy open space 
infill. Weak silicified arkosic 
B14461  537542  3365634  sandstone in structure, an  0.054  1  36  70  120  10  0  0 
1.2 m sample, weak breccia 
STR (SW05/60) & moderate 
grayish‐whitish drussy Qtz + 
PyOx (up to 5 mm crystals), 
moderate‐weak silicified 
groundmass in structure, PyOx 
disseminate 1%, weak phyllic, 
weak late stage of Hematite & 
B14462  537575  3365670  <MnOx as drussy open space in  0.081  2  200  590  530  20  0  0 
50 cm sample, STR NW20/60, 
weak breccia STR with 
moderate‐weak whtish Qtz + 
PyOx (Limonite) + Hematite 
(after sulfide) & <grayish Qtz + 
<Black mineral stockwork, 
weak Limonite c/fractures, 
weak MnOx c/fractures. 
Hosted in fault contact (due to 
B14463  537623  3365697  STR) betw  0.412  9  39  240  270  20  0  0 
60 cm sample, main STR 
NW20/75 & 20 cm of 
B14464  537583  3365760  stockwork (SW05/70), weak  0.036  1  70  540  620  0  0  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 113 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

breccia STR and moderate 
gray‐transparent drussy Qtz + 
<PyOx stockwork, weak 
silicification & phyllic 
overprinting to propylitic. 
25 cm of  moderate 1‐30 mm 
transparent‐whitish‐grayish 
Qtz + <PyOx stockwork, 
moderate‐weak silicified and 
phyllic    arkosic sandstone, 
wall rock with weak phyllic & 
Qtz veinlet traces overprinting 
B14465  537598  3365803  to propylitic.  0.597  4  51  100  180  10  0  0 
70 cm sample, breccia Qtz vein 
STR (NW40/60) with Qtz 30‐
50% and weak banded grayish 
Qtz + <Hematite (after 
sulfide)?Black mineral + MnOx 
+ <Qtz?transparent‐whitish Qtz 
and late stage of amethyst Qtz. 
Hosted in moderate weathered 
B14466  537617  3365919  arkosic sandstone‐volca  0.367  47  107  1910  3860  10  6  0 
Grab sample of 50 cm breccia 
STR (SE50/55) with 10‐15% of 
transparent‐gray‐grayish 
drussy Qtz + < Hematite + 
<<Limonite (after sulfide) 
cement or stockwork, hosted 
in beige spherulite sill with 
B14467  537292  3366138  <0.5 mm qtz crystals ~10%.  0.350  8  17  160  100  20  0  0 
STR SE45/70, 40 cm sample, 
breccia STR with 15‐30% of 
drussy Qtz + <Hematite (after 
sulfide) cement, mostly gray‐
transparent Qtz, weak‐
moderate patchy silica in STR. 
Host rock: beige‐pinkish 
spherulite sills with qtz 
phenocrystals ~10%, and weak 
B14468  537289  3366203  silicif  0.860  78  23  280  90  20  7  0 
STR SE20/70, ~60 cm sample, 
whitish‐transparent‐<grayish 
drussy Qtz breccia vein (Qtz 
~90%), sporadic moderate 
Hematite + <clay replacing 
fragments of breccia. Wall rock 
with weak phyllic overprinting 
to weak propylitic. Host rock 
B14469  537201  3366151  0.5‐1 mm grain size li  0.033  1  9  10  10  10  0  0 
STR SE70(?)/65, 50cm sample, 
weak breccia STR with ~5% of 
gray‐transparent drussy Qtz + 
<<Hematite (after sulfide) as 
infill or cement. Host rock 
coarse grain lithic sandstone & 
<shale‐fine grain sandstone 
B14470  537203  3366140  sequence with weak phyllic,  0.034  2  16  40  50  40  17  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 114 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

weak Hematite c/fra 
Grab sample, weak‐moderate 
transparent‐grayish & whitish 
drussy Qtz + Hematite 
stockwork SE20/60 & 
SW50/80, hosted in weak 
B14471  537250  3366100  silicified spherulite sills.  0.024  0  9  20  20  50  0  0 
STR SE60/50, ~30 cm weak 
breccia STR with 10‐15% of 
gray‐transparent Qtz + 
<Hematite (after sulfide) as 
cement or stockwork. Hosted 
in fault contact of flow banding 
(rhyolitic?) and coarse grain 
sandstone with weak phyllic & 
B14472  537277  3366076  silicification.  0.305  84  41  120  30  50  11  0 
Moderate‐weak transparent to 
grayish drussy Qtz + <Hematite 
(after sulfide) stockwork 
NW80/85 & SE10/70, hosted in 
weak‐moderate silicified fine 
grain sandstone‐shale 
sequence with weak phyllic & 
weak‐moderate Hematite 
B14473  537303  3366002  c/fractures.  0.041  4  35  100  190  30  0  0 
~2 m sample, ~50 cm main 
structure (NW10/75) with 
~50% of gray drussy Qtz + 
<Hematite (after sulfide), and 
also 50 cm of breccia STR with 
30% of gray‐transparent Qtz + 
Hematite + MnOx + <Black 
mineral with irregular trend 
B14474  536876  3365737  (~SE‐NW30), rest of sample incl  0.435  5  119  1300  1810  30  5  0 
50 cm sample, gray‐
transparent banded drussy Qtz 
vein (NW20/80) with banding 
of gray Qtz &Qtz + <Hematite 
(after sulfide) & <whitish 
drussy Qtz . Host rock as 
B14475  536901  3365733  above.  0.780  24  68  1500  1820  40  47  0 
STR NW25/75, 2 meter sample 
of gray‐transparent banded 
drussy Qtz vein and veining 
with banding of transparent 
Qtz ?gray‐transparent Qtz + 
<Galena + <Oxidized 
sulfide?Oxidized sulfide + 
<Qtz?Gray Qtz & late stage of 
B14476  536921  3365725  amethyst Qtz.  1.040  11  342  14800  24100  50  69  0 
NE‐SE15‐25/85 & SE60/70 Qtz 
veining and weak breccia STR, 
80 cm sample, grayish‐
transparent & whitish drussy 
Qtz + <oxidized sulfide 
B14477  536945  3365781  (Hematite & Limonite) veining  2.990  9  209  4630  1450  10  6  0 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 115 of 116


Resource Geosciences de Mexico SA de CV
Summary Report on the Caliche Gold Project, Municipio of Cucurpe, Sonora

(15 cm wide) or  breccia STR 
infill, sample mosltly in Qtz & 
20 cm in PQP? With moderate 

Matthew D. Gray C.P.G. #10688 31 July 2007 Page 116 of 116

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