Pit

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Resultados de L&G segn precio

Precio
Oxidos
Sulfuros Secundarios
Pb
K ton
Ag gpt
K ton
Ag gpt
%Pb
%Zn
0.30
331
27.4
121
143.1
1.917
2.272
0.35
1,070
47.0
1,341
99.6
2.631
2.359
0.40
1,374
45.9
8,565
111.5
1.855
1.634
0.45
2,745
44.8
16,897
94.7
1.775
1.308
0.50
4,093
40.7
22,555
84.4
1.697
1.163
0.55
7,051
37.0
31,658
75.5
1.618
1.000
0.60
8,752
37.7
41,628
69.8
1.512
0.932
0.65
16,782
37.2
73,647
65.1
1.309
0.833
0.70
19,074
35.9
83,598
63.3
1.265
0.782
0.75
19,980
35.3
88,872
61.9
1.240
0.755
0.80
22,754
33.6
97,298
60.2
1.218
0.718
0.85
23,952
33.3
101,495
59.4
1.203
0.702
0.90
24,552
33.0
105,071
58.7
1.188
0.691
0.95
25,450
32.7
108,090
58.2
1.175
0.679
1.00
26,153
32.5
110,557
57.7
1.166
0.671
1.05
26,624
32.2
112,627
57.5
1.159
0.664
1.10
26,759
32.2
113,441
57.4
1.156
0.661
1.15
27,093
32.1
114,672
57.2
1.152
0.657
1.20
27,546
31.8
115,749
57.1
1.149
0.653
1.25
27,881
31.6
116,340
57.0
1.148
0.651

K ton
11
78
443
932
887
1,727
2,667
5,979
7,701
10,906
16,675
22,049
25,980
29,141
30,857
32,687
33,781
35,064
36,451
37,210

Sulfuros Primarios
Ag gpt
%Pb
11.7
0.388
15.1
0.961
13.6
0.693
13.5
0.621
20.8
0.695
22.1
0.632
20.7
0.566
18.8
0.479
17.7
0.445
16.4
0.434
16.5
0.426
15.6
0.414
15.4
0.407
15.1
0.399
15.0
0.395
14.9
0.391
14.8
0.390
14.8
0.390
14.7
0.391
14.7
0.389

%Zn
0.618
1.448
0.960
0.930
1.068
0.939
0.912
0.829
0.832
0.785
0.731
0.706
0.687
0.678
0.669
0.665
0.658
0.651
0.643
0.642

Desmonte Total Mat.

K ton
K ton
27,100
27,563
28,380
30,869
35,790
46,172
45,361
65,935
52,059
79,594
64,348
104,784
87,143
140,190
150,183
246,591
164,416
274,789
169,532
289,290
192,860
329,587
206,788
354,284
218,036
373,639
227,007
389,688
235,692
403,259
245,515
417,453
249,108
423,089
256,959
433,788
263,303
443,049
269,294
450,725

SR
D/M
58.53
11.40
3.45
2.20
1.89
1.59
1.64
1.56
1.49
1.42
1.41
1.40
1.40
1.40
1.41
1.43
1.43
1.45
1.46
1.48

Incremento
Mineral
Ag gpt Desmonte

23,442

81.9

52,059

20,853
35,331

49.9
55.0

35,084
63,040

34,347

35.7

42,677

17,078

25.8

25,176

14,263
1,908

27.7
25.3

27,479
3,593

Oxi-Lix
Ag
79.0%

230
1,276
1,602
3,121
4,232
6,633
8,383
15,848
17,412
17,904
19,401
20,234
20,560
21,150
21,575
21,788
21,858
22,069
22,263
22,392

Ag
73.0%

386
2,978
21,289
35,663
42,419
53,314
64,786
106,817
117,969
122,677
130,533
134,376
137,611
140,143
142,282
144,469
145,235
146,299
147,312
147,805

Sulf Sec-Flot
Pb

Zn

Ag

60.0%

60.0%

76.0%

2,914
44,324
199,599
376,786
480,852
643,500
790,722
1,211,103
1,328,535
1,384,437
1,488,804
1,533,899
1,568,143
1,595,548
1,619,464
1,639,881
1,647,458
1,659,573
1,670,797
1,677,866

3,272
37,650
166,565
263,041
312,196
376,781
461,750
730,139
778,051
798,578
831,445
847,983
864,104
873,495
882,905
890,053
892,436
896,661
899,572
901,396

3
27
140
292
428
886
1,278
2,602
3,169
4,159
6,402
7,964
9,257
10,228
10,730
11,298
11,621
12,063
12,464
12,663

Sulf-Flot
Pb

Zn

Prod Ag.

Prod Pb

Prod Zn

60.0%

60.0%

Oz

LB

LB

54
942
3,857
7,271
7,745
13,712
18,964
35,979
43,052
59,462
89,240
114,677
132,837
146,071
153,122
160,560
165,510
171,796
179,049
181,843

81
1,344
5,062
10,316
11,275
19,300
28,948
58,991
76,256
101,892
145,074
185,267
212,423
235,147
245,689
258,703
264,548
271,674
278,950
284,315

619
4,281
23,031
39,075
47,080
60,833
74,447
125,267
138,550
144,740
156,337
162,574
167,428
171,522
174,587
177,555
178,714
180,430
182,038
182,859

2,968
45,265
203,455
384,057
488,596
657,212
809,686
1,247,082
1,371,587
1,443,899
1,578,045
1,648,576
1,700,981
1,741,619
1,772,586
1,800,442
1,812,968
1,831,369
1,849,846
1,859,709

3,353
38,994
171,627
273,356
323,471
396,081
490,698
789,130
854,307
900,470
976,519
1,033,250
1,076,527
1,108,642
1,128,594
1,148,757
1,156,983
1,168,334
1,178,521
1,185,711

Costo Min.

Min.Indir

Costo Lix. Costo Flot. Costo G&A

Ref.Pb

Ref.Zn

1.35

0.30

2.00

4.53

0.85

0.18

0.25

37,293
41,766
62,471
89,210
107,691
141,773
189,677
333,638
371,790
391,409
445,931
479,346
505,534
527,248
545,609
564,814
572,439
586,915
599,445
609,831

138
739
3,083
6,110
8,178
12,009
15,755
28,633
32,781
35,568
40,608
43,806
46,214
48,316
49,767
51,066
51,672
52,518
53,385
53,885

662
2,140
2,748
5,490
8,186
14,102
17,504
33,564
38,148
39,960
45,508
47,904
49,104
50,900
52,306
53,248
53,518
54,186
55,092
55,762

598
6,428
40,806
80,765
106,192
151,234
200,656
360,706
413,584
451,994
516,298
559,654
593,661
621,656
640,605
658,272
666,916
678,304
689,466
695,582

112
1,206
7,657
15,155
19,926
28,377
37,651
67,682
77,604
84,811
96,877
105,012
111,393
116,646
120,202
123,517
125,139
127,276
129,370
130,518

507
7,732
34,755
65,606
83,464
112,268
138,314
213,032
234,300
246,653
269,568
281,616
290,568
297,510
302,800
307,559
309,698
312,842
315,998
317,683

796
9,253
40,725
64,864
76,756
93,986
116,437
187,252
202,718
213,671
231,717
245,179
255,448
263,068
267,803
272,587
274,539
277,233
279,650
281,356

Util.Trab
8%

(1,815)
7,503
48,070
83,609
101,380
129,875
156,997
249,858
273,043
284,513
304,384
314,843
322,752
328,926
333,349
337,499
339,104
341,274
343,389
344,252

Pit By Pit Analysis

Regalias
2%

320
2,906
14,291
24,715
30,185
39,179
48,159
78,376
86,283
90,492
98,188
102,549
105,882
108,561
110,512
112,372
113,136
114,252
115,315
115,897

Ventas Ag

Ventas Pb

Ventas Zn

17.00

1.10

1.00

10,527
72,782
391,528
664,278
800,361
1,034,159
1,265,593
2,129,539
2,355,351
2,460,580
2,657,722
2,763,758
2,846,283
2,915,867
2,967,979
3,018,429
3,038,130
3,067,317
3,094,650
3,108,606

3,264
49,792
223,801
422,462
537,456
722,933
890,654
1,371,791
1,508,745
1,588,289
1,735,849
1,813,433
1,871,079
1,915,781
1,949,844
1,980,486
1,994,264
2,014,505
2,034,831
2,045,680

3,353
38,994
171,627
273,356
323,471
396,081
490,698
789,130
854,307
900,470
976,519
1,033,250
1,076,527
1,108,642
1,128,594
1,148,757
1,156,983
1,168,334
1,178,521
1,185,711

Util.Bruta
US$ ,000

(21,465)
81,895
532,349
924,571
1,119,331
1,430,370
1,725,795
2,737,719
2,988,153
3,110,267
3,321,011
3,430,532
3,513,333
3,577,458
3,623,464
3,666,738
3,683,215
3,705,358
3,726,892
3,735,232

% Util.Bruta

Pit
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

30.4%
16.5%
27.5%

15.8%
5.2%

4.2%
0.4%

4,000,000
3,500,000
3,000,000
2,500,000

2,000,000
1,500,000
1,000,000
500,000
1

Pit By Pit Analysis

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

Tonne / Oz
273.3
32.5
10.0
8.2
8.1
8.3
9.0
9.8
9.9
9.9
10.4
10.7
11.0
11.2
11.3
11.5
11.6
11.8
11.9
12.1

Pit by Pit Analysis

100
90
80
70
60
50
40
30

20
10
1

Util.Bruta

Mineral

10

Desmonte

11

12

13

Onzas AgEq

14

15

16

17

Ley AuEq

18

19

20

Tonne / Oz

Litho
1
2
3
4
5
SG
All

Post
oxidos
Mix-SS
Sulf
Sedim

2.79

Class
1
2
3
4

Medido
Indicado
Inferido
Inferido2

Dist 0-25 y Comp 4-15

Dist 25-50 y Comp 2-15
Dist 50-150 y Comp 1-15
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
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

US$/Oz
US$/gr
3.0
0.096
3.5
0.113
4.0
0.129
4.5
0.145
5.0
0.161
5.5
0.177
6.0
0.193
6.5
0.209
7.0
0.225
7.5
0.241
8.0
0.257
8.5
0.273
9.0
0.289
9.5
0.305
10.0
0.322
10.5
0.338
11.0
0.354
11.5
0.370
12.0
0.386
12.5
0.402

0.0161

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$/Oz
Lead Price US$/lb
Zinc Price US$/lb

0.55

17.00
1.10
1.00

Venta
Costo Ventas
Neto

Recovery
Oxide Silver
Oxide Lead
Oxide Zinc
Mix Silver
Mix Lead
Mix Zinc
Sulfide Silver
Sulfide Lead
Sulfide Zinc
Operating Costs
Direct Mining Cost
Indirect Mining Cost
Leaching Cost
Flotation Cost
G & A Cost
Silver Refining

%
%
%
%
%
%
%
%
%

79.0%
0.0%
0.0%
73.0% Litho=3
60.0%
60.0%
76.0%
60.0%
60.0%

US$/t
US$/t
US$/t
US$/t
US$/t

desmonte
Mineral
procedo
G&A

1.35
0.30
2.00
4.53
0.85

Ag OZ

1.5

Lead Conc.Sales
Pb TC
Transport Costs
Pb Grade
Ag Grade
Pb Payable
Ag Payable

$/dmt
$/wmt

100.0
70.0
60.0%
5,000
95%
95%

%
%
Lead Selling Cost per Lb US$/lb
Zinc Conc.Sales
Zn TC $/dmt
Transport Costs $/wmt
Zinc Grade %

0.180
100.0
70.0
50.0%
90%
0%

Ag Grade
Zn Payable %
Ag Payable %

0.250

Zinc Selling Cost per Lb US$/lb

Other
Royalty (legal)
Cut Off (incremental)
Ag- Oxide
PbEQ - Mix
PbEQ - Sulfide

1.0%

g/t
g/t
g/t

8.07
0.47
0.47

Case Number

Units

2
Base Case

Case Name:
InPit Resources

Oxides
Tonnes 000

1.10

0.180
0.92

31,514

0.283

1.35
1.65
4.53
0.85
7.03

Ag g/t
Pb%
Zn%

61.70
0.90
0.17

Mix
Tonnes 000
Ag g/t
Pb%
Zn%

39,569
74.60
1.06
0.40

Sulfides
Tonnes 000
Ag g/t
Pb%
Zn%

32,117
70.50
1.04
0.97

Total Ore
Tonnes 000
Ag g/t
Pb%
Zn%
Total Material Mined

103,200
69.38
1.00
0.51
187,538

Metal Recovered
Ag M.Oz
Pb 000 TM
Zn 000 TM

Plant Capacity for 10 year LOM

Plant Capacity Tailor
Tonnes 000
Ag g/t
Pb%
Zn%
AgEq

Sales
Mining
Process
G&A
Refining
Royalty
Utilities
Depreciacion
Net per Block
Net Per Tonne

138,055
1,188
749

29,762

2,800
74.60
1.06
0.40
124.45
144,751
4,620
12,684
2,380
10,757
1,448
7,998
12,888
91,977
32.8

ning Corp. at Nov 4, 2006

20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1

Precio Metal CotVenta Precio Neto

1.25
0.18
1.07
1.20
0.18
1.02
1.15
0.18
0.97
1.10
0.18
0.92
1.05
0.18
0.87
1.00
0.18
0.82
0.95
0.18
0.77
0.90
0.18
0.72
0.85
0.18
0.67
0.80
0.18
0.62
0.75
0.18
0.57
0.70
0.18
0.52
0.65
0.18
0.47
0.60
0.18
0.42
0.55
0.18
0.37
0.50
0.18
0.32
0.45
0.18
0.27
0.40
0.18
0.22
0.35
0.18
0.17
0.30
0.18
0.12

0.0500

Geometric Parameters
Description
Mine

Value
Bench height
Road width
Road grade
Mining Recovery
Dilution

Wall slope
Interramp Slope angle
Overall slope angle

10
28
10
100
0

meter
meter
%
%
%

44 degrees
42 degrees