Resultados de L&G según precio

Pit Precio Oxidos Sulfuros Secundarios Sulfuros Primarios

Pb K ton Ag gpt K ton Ag gpt %Pb %Zn K ton Ag gpt %Pb
1 0.30 331 27.4 121 143.1 1.917 2.272 11 11.7 0.388
2 0.35 1,070 47.0 1,341 99.6 2.631 2.359 78 15.1 0.961
3 0.40 1,374 45.9 8,565 111.5 1.855 1.634 443 13.6 0.693
4 0.45 2,745 44.8 16,897 94.7 1.775 1.308 932 13.5 0.621
5 0.50 4,093 40.7 22,555 84.4 1.697 1.163 887 20.8 0.695
6 0.55 7,051 37.0 31,658 75.5 1.618 1.000 1,727 22.1 0.632
7 0.60 8,752 37.7 41,628 69.8 1.512 0.932 2,667 20.7 0.566
8 0.65 16,782 37.2 73,647 65.1 1.309 0.833 5,979 18.8 0.479
9 0.70 19,074 35.9 83,598 63.3 1.265 0.782 7,701 17.7 0.445
10 0.75 19,980 35.3 88,872 61.9 1.240 0.755 10,906 16.4 0.434
11 0.80 22,754 33.6 97,298 60.2 1.218 0.718 16,675 16.5 0.426
12 0.85 23,952 33.3 101,495 59.4 1.203 0.702 22,049 15.6 0.414
13 0.90 24,552 33.0 105,071 58.7 1.188 0.691 25,980 15.4 0.407
14 0.95 25,450 32.7 108,090 58.2 1.175 0.679 29,141 15.1 0.399
15 1.00 26,153 32.5 110,557 57.7 1.166 0.671 30,857 15.0 0.395
16 1.05 26,624 32.2 112,627 57.5 1.159 0.664 32,687 14.9 0.391
17 1.10 26,759 32.2 113,441 57.4 1.156 0.661 33,781 14.8 0.390
18 1.15 27,093 32.1 114,672 57.2 1.152 0.657 35,064 14.8 0.390
19 1.20 27,546 31.8 115,749 57.1 1.149 0.653 36,451 14.7 0.391
20 1.25 27,881 31.6 116,340 57.0 1.148 0.651 37,210 14.7 0.389
 Oxi-Lix
os Primarios Desmonte Total Mat. SR Incremento Ag Ag
%Zn K ton K ton D/M Mineral Ag gpt Desmonte 79.0% 73.0%
0.618 27,100 27,563 58.53 230 386
1.448 28,380 30,869 11.40 1,276 2,978
0.960 35,790 46,172 3.45 1,602 21,289
0.930 45,361 65,935 2.20 3,121 35,663
1.068 52,059 79,594 1.89 23,442 81.9 52,059 4,232 42,419
0.939 64,348 104,784 1.59 6,633 53,314
0.912 87,143 140,190 1.64 20,853 49.9 35,084 8,383 64,786
0.829 150,183 246,591 1.56 35,331 55.0 63,040 15,848 106,817
0.832 164,416 274,789 1.49 17,412 117,969
0.785 169,532 289,290 1.42 17,904 122,677
0.731 192,860 329,587 1.41 34,347 35.7 42,677 19,401 130,533
0.706 206,788 354,284 1.40 20,234 134,376
0.687 218,036 373,639 1.40 17,078 25.8 25,176 20,560 137,611
0.678 227,007 389,688 1.40 21,150 140,143
0.669 235,692 403,259 1.41 21,575 142,282
0.665 245,515 417,453 1.43 14,263 27.7 27,479 21,788 144,469
0.658 249,108 423,089 1.43 1,908 25.3 3,593 21,858 145,235
0.651 256,959 433,788 1.45 22,069 146,299
0.643 263,303 443,049 1.46 22,263 147,312
0.642 269,294 450,725 1.48 22,392 147,805
Sulf Sec-Flot Sulf-Flot
Pb Zn Ag Pb Zn Prod Ag. Prod Pb Prod Zn
60.0% 60.0% 76.0% 60.0% 60.0% Oz LB LB
2,914 3,272 3 54 81 619 2,968 3,353
44,324 37,650 27 942 1,344 4,281 45,265 38,994
199,599 166,565 140 3,857 5,062 23,031 203,455 171,627
376,786 263,041 292 7,271 10,316 39,075 384,057 273,356
480,852 312,196 428 7,745 11,275 47,080 488,596 323,471
643,500 376,781 886 13,712 19,300 60,833 657,212 396,081
790,722 461,750 1,278 18,964 28,948 74,447 809,686 490,698
1,211,103 730,139 2,602 35,979 58,991 125,267 1,247,082 789,130
1,328,535 778,051 3,169 43,052 76,256 138,550 1,371,587 854,307
1,384,437 798,578 4,159 59,462 101,892 144,740 1,443,899 900,470
1,488,804 831,445 6,402 89,240 145,074 156,337 1,578,045 976,519
1,533,899 847,983 7,964 114,677 185,267 162,574 1,648,576 1,033,250
1,568,143 864,104 9,257 132,837 212,423 167,428 1,700,981 1,076,527
1,595,548 873,495 10,228 146,071 235,147 171,522 1,741,619 1,108,642
1,619,464 882,905 10,730 153,122 245,689 174,587 1,772,586 1,128,594
1,639,881 890,053 11,298 160,560 258,703 177,555 1,800,442 1,148,757
1,647,458 892,436 11,621 165,510 264,548 178,714 1,812,968 1,156,983
1,659,573 896,661 12,063 171,796 271,674 180,430 1,831,369 1,168,334
1,670,797 899,572 12,464 179,049 278,950 182,038 1,849,846 1,178,521
1,677,866 901,396 12,663 181,843 284,315 182,859 1,859,709 1,185,711
Costo Min. Min.Indir Costo Lix. Costo Flot. Costo G&A Ref.Pb Ref.Zn Util.Trab
1.35 0.30 2.00 4.53 0.85 0.18 0.25 8%
37,293 138 662 598 112 507 796 (1,815)
41,766 739 2,140 6,428 1,206 7,732 9,253 7,503
62,471 3,083 2,748 40,806 7,657 34,755 40,725 48,070
89,210 6,110 5,490 80,765 15,155 65,606 64,864 83,609
107,691 8,178 8,186 106,192 19,926 83,464 76,756 101,380
141,773 12,009 14,102 151,234 28,377 112,268 93,986 129,875
189,677 15,755 17,504 200,656 37,651 138,314 116,437 156,997
333,638 28,633 33,564 360,706 67,682 213,032 187,252 249,858
371,790 32,781 38,148 413,584 77,604 234,300 202,718 273,043
391,409 35,568 39,960 451,994 84,811 246,653 213,671 284,513
445,931 40,608 45,508 516,298 96,877 269,568 231,717 304,384
479,346 43,806 47,904 559,654 105,012 281,616 245,179 314,843
505,534 46,214 49,104 593,661 111,393 290,568 255,448 322,752
527,248 48,316 50,900 621,656 116,646 297,510 263,068 328,926
545,609 49,767 52,306 640,605 120,202 302,800 267,803 333,349
564,814 51,066 53,248 658,272 123,517 307,559 272,587 337,499
572,439 51,672 53,518 666,916 125,139 309,698 274,539 339,104
586,915 52,518 54,186 678,304 127,276 312,842 277,233 341,274
599,445 53,385 55,092 689,466 129,370 315,998 279,650 343,389
609,831 53,885 55,762 695,582 130,518 317,683 281,356 344,252
 Pit By Pit Analysis
Regalias Ventas Ag Ventas Pb Ventas Zn Util.Bruta
2% 17.00 1.10 1.00 US$ ,000 % Util.Bruta Pit
320 10,527 3,264 3,353 (21,465) 1
2,906 72,782 49,792 38,994 81,895 2
14,291 391,528 223,801 171,627 532,349 3
24,715 664,278 422,462 273,356 924,571 4
30,185 800,361 537,456 323,471 1,119,331 30.4% 5
39,179 1,034,159 722,933 396,081 1,430,370 6
48,159 1,265,593 890,654 490,698 1,725,795 16.5% 7
78,376 2,129,539 1,371,791 789,130 2,737,719 27.5% 8
86,283 2,355,351 1,508,745 854,307 2,988,153 9
90,492 2,460,580 1,588,289 900,470 3,110,267 10
98,188 2,657,722 1,735,849 976,519 3,321,011 15.8% 11
102,549 2,763,758 1,813,433 1,033,250 3,430,532 12
105,882 2,846,283 1,871,079 1,076,527 3,513,333 5.2% 13
108,561 2,915,867 1,915,781 1,108,642 3,577,458 14
110,512 2,967,979 1,949,844 1,128,594 3,623,464 15
112,372 3,018,429 1,980,486 1,148,757 3,666,738 4.2% 16
113,136 3,038,130 1,994,264 1,156,983 3,683,215 0.4% 17
114,252 3,067,317 2,014,505 1,168,334 3,705,358 18
115,315 3,094,650 2,034,831 1,178,521 3,726,892 19
115,897 3,108,606 2,045,680 1,185,711 3,735,232 20

4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

-
1 2 3
Util.Bruta
it By Pit Analysis

Util.Bruta Mineral Desmonte Ley AuEq Onzas AgEq Tonne / Oz

(21,465) 463 27,100 57.25 1,009 273.3
81,895 2,489 28,380 74.32 9,504 32.5
532,349 10,382 35,790 98.62 46,291 10.0
924,571 20,574 45,361 84.33 80,006 8.2
1,119,331 27,535 52,059 75.82 97,723 8.1
1,430,370 40,436 64,348 66.54 126,657 8.3
1,725,795 53,047 87,143 62.03 155,703 9.0
2,737,719 96,408 150,183 57.33 252,380 9.8
2,988,153 110,373 164,416 55.38 277,553 9.9
3,110,267 119,758 169,532 53.33 291,138 9.9
3,321,011 136,727 192,860 50.42 315,888 10.4
3,430,532 147,496 206,788 48.59 330,026 10.7
3,513,333 155,603 218,036 47.43 340,817 11.0
3,577,458 162,681 227,007 46.46 349,429 11.2
3,623,464 167,567 235,692 45.91 355,672 11.3
3,666,738 171,938 245,515 45.50 361,628 11.5
3,683,215 173,981 249,108 45.26 364,081 11.6
3,705,358 176,829 256,959 44.96 367,656 11.8
3,726,892 179,746 263,303 44.62 371,059 11.9
3,735,232 181,431 269,294 44.40 372,941 12.1

4,000,000
Pit by Pit Analysis 100

90
3,500,000

80
3,000,000
70

2,500,000
60

2,000,000 50

40
1,500,000

30
1,000,000
20

500,000
10

- -
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Util.Bruta Mineral Desmonte Onzas AgEq Ley AuEq Tonne / Oz
Litho
1 Post
2 oxidos
3 Mix-SS
4 Sulf
5 Sedim

SG
All 2.79

Class
1 Medido Dist 0-25 y Comp 4-15
2 Indicado Dist 25-50 y Comp 2-15
3 Inferido Dist 50-150 y Comp 1-15
4 Inferido2 Dist +150 y Comp 1-15

AgEq
AgEq = Aq + Cred.Pb + Cred.Zn
Cred. Pb: (LeyPb/100*RecupPb*2204*PrecioPb) / (1gpt*Recup.Ag*PrecioAg/31.1035)
Cred. Zn: (LeyZn/100*RecupZn*2204*PrecioZn) / (1gpt*Recup.Ag*PrecioAg/31.1035)
Pit Optimization

Pit US$/Oz US$/gr

1 3.0 0.096
2 3.5 0.113 0.0161
3 4.0 0.129
4 4.5 0.145
5 5.0 0.161
6 5.5 0.177
7 6.0 0.193
8 6.5 0.209
9 7.0 0.225
10 7.5 0.241
11 8.0 0.257
12 8.5 0.273
13 9.0 0.289
14 9.5 0.305
15 10.0 0.322
16 10.5 0.338
17 11.0 0.354
18 11.5 0.370
19 12.0 0.386
20 12.5 0.402
ECONOMIC PARAMETERS
Based on Coreni Project mineral Resource - Technical Report from Bear Creak Mining Corp. at Nov 4, 2006
Case Number Units 2

Base Case
Case Name:

Prices
Silver Price US$/Oz 17.00 0.55
Lead Price US$/lb 1.10 Venta 1.10
Zinc Price US$/lb 1.00 Costo Ventas 0.180
Recovery Neto 0.92
Oxide Silver % 79.0%
Oxide Lead % 0.0%
Oxide Zinc % 0.0%
Mix Silver % 73.0% Litho=3
Mix Lead % 60.0%
Mix Zinc % 60.0%
Sulfide Silver % 76.0%
Sulfide Lead % 60.0%
Sulfide Zinc % 60.0%
Operating Costs
Direct Mining Cost US$/t 1.35 desmonte 1.35
Indirect Mining Cost US$/t 0.30 Mineral 1.65
Leaching Cost US$/t 2.00 procedo 4.53
Flotation Cost US$/t 4.53 G&A 0.85
G & A Cost US$/t 0.85 7.03
Silver Refining
Ag OZ 1.5
Lead Conc.Sales
Pb TC $/dmt 100.0
Transport Costs $/wmt 70.0
Pb Grade 60.0%
Ag Grade 5,000
Pb Payable % 95%
Ag Payable % 95%
Lead Selling Cost per Lb US$/lb 0.180
Zinc Conc.Sales
Zn TC $/dmt 100.0
Transport Costs $/wmt 70.0
Zinc Grade % 50.0%
Ag Grade -
Zn Payable % 90%
Ag Payable % 0%
Zinc Selling Cost per Lb US$/lb 0.250
Other
Royalty (legal) % 1.0%
Cut Off (incremental)
Ag- Oxide g/t 8.07
PbEQ - Mix g/t 0.47 0.283
PbEQ - Sulfide g/t 0.47

Case Number Units 2

Base Case
Case Name:
InPit Resources
 Oxides
Tonnes ´000 31,514
Ag g/t 61.70
Pb% 0.90
Zn% 0.17
Mix
Tonnes ´000 39,569
Ag g/t 74.60
Pb% 1.06
Zn% 0.40
Sulfides
Tonnes ´000 32,117
Ag g/t 70.50
Pb% 1.04
Zn% 0.97
Total Ore
Tonnes ´000 103,200
Ag g/t 69.38
Pb% 1.00
Zn% 0.51
Total Material Mined 187,538
Metal Recovered
Ag M.Oz 138,055
Pb ´000 TM 1,188
Zn ´000 TM 749

Plant Capacity for 10 year LOM 29,762

Plant Capacity Tailor

Tonnes ´000 2,800

Ag g/t 74.60
Pb% 1.06
Zn% 0.40
AgEq 124.45
Sales 144,751
Mining 4,620
Process 12,684
G&A 2,380
Refining 10,757
Royalty 1,448
Utilities 7,998
Depreciacion 12,888
Net per Block 91,977
Net Per Tonne 32.8
. at Nov 4, 2006

Precio Metal CotVenta Precio Neto

20 1.25 0.18 1.07
19 1.20 0.18 1.02 0.0500
18 1.15 0.18 0.97
17 1.10 0.18 0.92
16 1.05 0.18 0.87
15 1.00 0.18 0.82
14 0.95 0.18 0.77
13 0.90 0.18 0.72
12 0.85 0.18 0.67
11 0.80 0.18 0.62
10 0.75 0.18 0.57
9 0.70 0.18 0.52
8 0.65 0.18 0.47
7 0.60 0.18 0.42
6 0.55 0.18 0.37
5 0.50 0.18 0.32
4 0.45 0.18 0.27
3 0.40 0.18 0.22
2 0.35 0.18 0.17
1 0.30 0.18 0.12
 Geometric Parameters

Description Value
Mine
Bench height 10 meter
Road width 28 meter
Road grade 10 %
Mining Recovery 100 %
Dilution 0 %
Wall slope
Interramp Slope angle 44 degrees
Overall slope angle 42 degrees