Ann: Mineralised Samples From Cerro Rayas - Assays Pending, page-37

Should MEM revise the drilling application process to 10 days (via a LEIP), it's looking like we'll be drilling Alteration Ridge a whole lot sooner than expected. Let's hope MEM is close to enacting these new drill permit parameters so we can get on with our search for Au and Cu skarn in this portion of the project. Need to get surface sampling completed ASAP so we can generate some quality drill targets...

"The Company is aware of initiatives planned by Peru’s Ministry of Energy and Mines (MEM) with the intention of making drill permits easier to obtain. A raft of measures is currently being considered, including removing the need for DIA where less than 20 platforms are involved. Applications in the new category named “Low Environmental Impact Project” would be approved within ten business days of submission and would be applicable for (i) up to 20 platforms, (ii) pits and/or trenches, (iii) where the total disturbed ground is < 10 hectares, and (iv) the deployment of up to four drill rigs."