Technical Report on Resources Cerro Colorado ... - Goldgroup Mining

<strong>Technical</strong> <strong>Report</strong> on Resources
Cerro Colorado Gold Mine
Sonora, Mexico
Goldgroup Mining Inc.
1055 Dunsmuir Street
Suite 2184
Vancouver BC Canada
V7X 1L3
Date: May 14, 2012
Effective date: February 29, 2012
Prepared by:
Marc Simpson P.Geo.
2184-1055 Dunsmuir Street,
Vancouver BC
And
Gary Giroux, MASc., P.Eng.
Giroux Consultants Ltd.
1215 – 675 West Hastings Street
Vancouver, B.C. CANADA
And
Fernando Rodrigues BSc, MBA, MAusIMM, MMSAQP
SRK Consulting (U.S.) Ltd.
Suite 3000
7175 West Jefferson Avenue
Lakewood, Colorado, USA

Table of Contents
1. Summary ......................................................................................................... 6
2. Introduction ..................................................................................................... 8
i) Scope of Work and Terms of Reference ......................................................... 8
ii) Terminology and Unit Conversion .................................................................. 8
3. Reliance on Other Experts ............................................................................. 10
4. Property Description and Location ................................................................ 11
5. Accessibility, Climate, Local Resources, Infrastructure and Physiography . 16
i) Access ............................................................................................................ 16
ii) Climate .......................................................................................................... 16
iii) Local Resources and Infrastructure ............................................................... 16
iv) Physiography ................................................................................................. 18
6. History ........................................................................................................... 19
i) Exploration History ....................................................................................... 19
a. Contratista Tormex ........................................................................................ 19
b. Papanton Minas S.A. de C.V. – BP Minerals ................................................ 19
c. Compañía Fresnillo S.A. ............................................................................... 19
d. Minera Secotec S.A. de C.V. ......................................................................... 20
e. Sierra Minerals .............................................................................................. 23
f. Goldgroup Mining Inc. .................................................................................. 24
7. Geological Setting and Mineralization .......................................................... 25
i) Regional Geology .......................................................................................... 25
ii) Local and Property Geology .......................................................................... 26
iii) Structural Geology ........................................................................................ 30
iv) Mineralization ............................................................................................... 32
a. Breccia Central .............................................................................................. 32
b. Obra X ........................................................................................................... 32
c. Harris - Sorpresa - Abejas Areas ................................................................... 33
d. Abejas ............................................................................................................ 34
e. Harris Breccia ................................................................................................ 34
f. La Sorpresa .................................................................................................... 37
8. Deposit Types ................................................................................................ 39
9. Exploration .................................................................................................... 40
10. Drilling .......................................................................................................... 41
11. Sample Preparation, Analyses and Security .................................................. 46
i) Sample Preparation Procedure at the On Site Laboratory ............................. 46
12. Data Verification ........................................................................................... 48
i) Site Visit, November 2011 ............................................................................ 48
13. Mineral Processing and Metallurgical Testing .............................................. 49
i) Historic .......................................................................................................... 49
ii) Present Processing and Metallurgical Testing ............................................... 49
a. Processing and Metallurgical Information .................................................... 49
b. Ore Processing ............................................................................................... 50
c. Plant Performance ......................................................................................... 50
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d. Plant flow sheet description .......................................................................... 51
e. Heap Pads (pad design) ................................................................................. 53
f. Monitoring daily control ............................................................................... 55
g. Gold Analysis ................................................................................................ 55
14. MINERAL RESOURCE ESTIMATION ..................................................... 57
i) Data Analysis ................................................................................................ 57
ii) Composites .................................................................................................... 61
iii) Variography ................................................................................................... 62
iv) Block Model .................................................................................................. 62
v) Bulk Density .................................................................................................. 63
vi) Grade Interpolation ........................................................................................ 64
vii) Classification ................................................................................................. 65
viii) Block Model Verification .............................................................................. 68
ix) Pit Optimization Study .................................................................................. 75
a. Mineral Resource Statement Procedure ........................................................ 75
x) Block Model Resource Within the Resource Whittle Shell .......................... 89
15. Mineral Reserve Estimates ............................................................................ 90
16. Mining Methods ............................................................................................ 91
17. Recovery Methods ......................................................................................... 97
i) Forecast Production ....................................................................................... 98
ii) Gold Recovery ............................................................................................... 99
18. Project Infrastructure ................................................................................... 100
19. Market Studies and Contracts ...................................................................... 101
20. Environmental Studies, Permitting and Social or Community Impact ....... 102
21. Capital and Operating Costs ........................................................................ 103
22. Economic Analysis ...................................................................................... 104
23. Adjacent Properties ..................................................................................... 105
24. Other Relevant Data and Information ......................................................... 106
25. Interpretation and Conclusions .................................................................... 107
26. Recommendations ....................................................................................... 109
27. Date and Signature Page .............................................................................. 111
28. References ................................................................................................... 113
29. Appendix 1 - Certificates ............................................................................ 114
30. Appendix 2 – LISTING OF DRILL HOLES .............................................. 118
Those that intersect the mineralized solids are highlighted ............................................ 118
31. Appendix 3– SEMIVARIOGRAMS ........................................................... 139
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Table of Tables
Table 1: Cerro Colorado Concessions, April 2012 ........................................................... 14
Table 2: Significant 2010 drill program results ................................................................ 41
Table 3: Significant 2010-2011 drill program results ....................................................... 41
Table 4: Gold assay statistics for samples within the mineralized solids ......................... 60
Table 5: Gold populations present within mineralized solids ........................................... 60
Table 6: Capped Gold assay statistics for samples within the mineralized solids ............ 60
Table 7: Gold statistics for 5 m Composites inside and outside the mineralized solids ... 61
Table 8: Semivariogram parameters for gold ................................................................... 62
Table 9: Specific gravities used in the 2009 resource model (Stone, 2011) ..................... 64
Table 10: Kriging search parameters for gold .................................................................. 65
Table 11: Measured Resource in Mineralized Portion of Blocks ..................................... 67
Table 12: Indicated Resource in Mineralized Portion of Blocks ...................................... 67
Table 13: Measured plus Indicated Resource in Mineralized Portion of Blocks ............. 67
Table 14: Inferred Resource in Mineralized Portion of Blocks ........................................ 67
Table 15: Measured Resource in Total Blocks ................................................................. 68
Table 16: Indicated Resource in Total Blocks .................................................................. 68
Table 17: Measured plus Indicated Resource in Total Blocks ......................................... 68
Table 18: Inferred Resource in Total Blocks .................................................................... 68
Table 19: Measured Resource in Mineralized Portion of Blocks within SRK Pit ............ 89
Table 20: Indicated Resource in Mineralized Portion of Blocks within SRK Pit Outline 89
Table 21: Measured and Indicated Resource in Mineralized Portion of Blocks within
SRK Pit Outline ................................................................................................................ 89
Table 22: Inferred Resource in Mineralized Portion of Blocks within SRK Pit Outline . 89
Table 23: Gold Recovery 2011 (source: Goldgroup AIF) ................................................ 99
Table 24: 2010 and 2011 Operating costs per ounce of gold ......................................... 103
Table 25: Proposed Budget, Cerro Colorado .................................................................. 110
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Table of Figures
Figure 1: Cerro Colorado Mine Site Concessions ............................................................ 12
Figure 2: Overall Cerro Colorado Concessions, March 2012........................................... 13
Figure 3: Ownership Structure .......................................................................................... 15
Figure 4: Cerro Colorado Infrastructure, November 2011 ............................................... 17
Figure 5: General Physiography of Cerro Colorado, November 2011 ............................. 18
Figure 6: Map showing the exploration targets defined by Secotec based on the results of
soil sampling (modified from Kappes, Cassiday & Associates (2005)). .......................... 23
Figure 7: Regional Geological Map, Cerro Colorado ....................................................... 28
Figure 8: Local geological map of the area around the Cerro Colorado Gold Mine ........ 29
Figure 9: Mineralization model for Cerro Colorado from Stone (2011) .......................... 35
Figure 10: Long section through the Breccia Central area looking north. from Stone
(2011) ................................................................................................................................ 36
Figure 11: Drill Hole Location Map, Cerro Colorado ...................................................... 45
Figure 12: Process diagram for gold production at Cerro Colorado. From Stone (2011) 53
Figure 13: Isometric view looking north showing Feb. Topography and mineralized
solids ................................................................................................................................. 57
Figure 14: Plan and front section showing blast holes in blue and drill hole assays in red
........................................................................................................................................... 58
Figure 15: Lognormal Cumulative Frequency Plot for All Samples ................................ 59
Figure 16: Lognormal Cumulative Frequency Plot for All Samples within Mineralized
Solids................................................................................................................................. 59
Figure 17: Lognormal Cumulative Frequency Plot for Au within Mineralized Solids .... 61
Figure 18: Isometric view looking NE showing blocks below current topography in white
and mineralized solids in red ............................................................................................ 63
Figure 19: Plan view showing various sample areas (Stone, 2011) ................................. 64
Figure 20: Level plan showing 560 level with gold grades and classification shown ...... 70
Figure 21: Level plan showing 570 Level with gold grades and classification shown .... 71
Figure 22:Level plan showing 580 Level with gold grades and classification shown ..... 72
Figure 23: Level plan showing 590 Level with gold grades and classification shown .... 73
Figure 24: : Level plan showing 600 Level with gold grades and classification shown .. 74
Figure 25: Resource Whittle shell at Gold price $1500 per t.oz – Plan view .................. 76
Figure 26: Resource Whittle shell at Gold price $1500 per t.oz – Plan view showing
current topography and shell ............................................................................................. 78
Figure 27: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section
View showing current topography and shell (West-East at 3,343,900 North, looking
North ................................................................................................................................. 80
Figure 28: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section
View showing current topography and shell (West-East @ 3,344,100 North, looking
North ) ............................................................................................................................... 82
Figure 29: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section
View showing current topography and shell (West-East section @ 3,344,200 North,
looking North ) .................................................................................................................. 84
Figure 30: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section
View showing current topography and shell (West-East at 3,344,300 North ) ................ 86
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Figure 31: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section
View showing current topography and a shell (SW – NE Section @ N45E, looking northwest
) ................................................................................................................................. 88
Figure 32: Blast hole drill ................................................................................................. 92
Figure 33: Bench blast hole pattern November 2011 ....................................................... 92
Figure 34: Ore haulage, Breccia Central Pit, November 2011 ......................................... 93
Figure 35: loading ore into primary crusher, photo courtesy Goldgroup ......................... 93
Figure 36: primary and secondary crushers, photo courtesy Goldgroup .......................... 94
Figure 37: crushed mineralized material stockpile for placement on heap leach pad, photo
courtesy Goldgroup ........................................................................................................... 94
Figure 38: Cerro Colorado Heap Leach Pads, November 2011 ....................................... 95
Figure 39: Heap leach pad lift/level with cyanide distribution piping and sprinklers,
November 2011 ................................................................................................................. 96
Figure 40: Sprinklers for broadcasting cyanide solution on heap leach pad, November
2011................................................................................................................................... 96
Figure 41: Carbon flow circuit, Cerro Colorado November 2011 .................................... 98
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1. Summary
This technical report was prepared for Goldgroup Mining Inc. (“Goldgroup”) to document an
updated mineral resource estimate and complete a technical report (the “<strong>Report</strong>”) compliant with
National Instrument 43-101 (“NI 43-101”), companion policy NI 43-101CP and Form 43-101F1
for the Cerro Colorado Property and mine in Sonora, Mexico. This <strong>Report</strong> provides a brief
overview of the work programs completed by Goldgroup during 2010 and 2011 and the results
of the resource estimate and pit optimization study.
The Cerro Colorado Gold Mine is located in northern Sonora, Mexico approximately 35
kilometres southwest of the town of Trincheras. The Property consists of six concessions
covering the area of the mine and 48 concessions in the immediate vicinity of the mine covering
a total of approximately 24,100 hectares. Cerro Colorado is owned by Goldgroup through its
Mexican operating company Granmin S.A. de C.V. (“Granmin Mexico”). Cyanide leaching at
Cerro Colorado commenced in 2003 and has produced approximately 128,611 ounces of gold
between the 3 rd quarter of 2006 and the 1 st quarter of 2012.
Property geology is composed of three major units, Proterozoic amphibolite to orthogneiss,
Paleozoic layered dolomite/limestone (marble) with minor siltstone/arenite. Both of these
lithologies are intruded by a central mid Cretaceous age rhyolite dome. The rhyolite is generally
massive although locally it is flow banded or occurs as rhyolite auto-breccia. Gold mineralization
is mostly hosted by the rhyolite although some gold is found locally within dolomite layers on
the west side of the dome.
Goldgroup’s exploration model for Cerro Colorado is the Kidston gold-silver deposit,
Queensland, Australia (e.g., Baker and Andrew, 1991). The Kidston was a significant gold
deposit and contained high grade resources. Mineralization was hosted within a trapezoid-shaped
breccia pipe with surface dimensions of approximately 900 metres by 1,100 metres 900 metres.
Rhyolite dikes are associated both spatially and temporally with the mineralization and
brecciation of the host rocks. Furthermore, the collapse breccia does not reach the current land
surface. At the Kidston deposit, mineralization that was not related to the breccia (stockwork in
host rhyolite) was uneconomic. The breccias at Kidston formed a single mineralized system
which coalesced at depth.
The open pits have been operational since 2003, with full production starting in 2006. In 2011,
the full year production totalled 20,361.112 ounces, with an additional 4,462 ounces produced in
the first quarter of 2012. Two pits are currently operating; Breccia Central and Obra X. A total of
85,058 metres in 821 exploration holes have been drilled in and around the mine to the end of
2011.
The results of the 2010-2011 exploration drilling were used to estimate the total tonnes and grade
of mineralization at the Cerro Colorado Gold Mine. The mineral resource for the Cerro Colorado
Gold Mine area at a 0.2 g/t Au cut-off is estimated to be approximately 720,000 tonnes at 0.62
g/t Au in the Measured category, 1.86 million tonnes at 0.51 g/t Au in the Indicated category and
3.05 million tonnes at 0.57 g/t Au in the Inferred category. These mineral resources contain a
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total of 14,000 Measured ounces, 30,000 Indicated ounces and 56,000 Inferred ounces of gold.
Mineral resources were calculated from exploration drilling data in the area of the mine. Mineral
resources are not mineral reserves as the economic viability has not been demonstrated.
SRK completed a pit optimization study for the Cerro Colorado Mine and created a Whittle Shell
for Measured and Indicated Resource, using parameters supplied by Goldgroup. Using this
Whittle Shell model, a total of 33,000 ounces of Measured and Indicated resource and 1,300
ounces of Inferred resource are contained within the modeled Whittle Shells.
Work recommended at the Cerro Colorado Mine should continue to focus on outlining additional
mineralization to extend the life of the mine as well as define and upgrade existing resources for
the mine. A full QAQC program for all exploration drilling completed at Cerro Colorado is
recommended along with downhole surveys of future drilling programs. A 10,000 metre
exploration drill program is recommended to outline additional mineralization in the Cerro
Colorado Mine area.
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2. Introduction
This technical report presents an independent review and updated estimation of a precious
metal resource at the Cerro Colorado Mine in Sonora State, Mexico. The report has been
prepared by Marc Simpson, P. Geo. (Qualified Person), Gary Giroux, P. Eng. (Qualified
Person) of Giroux Consultants Ltd., and Fernando Rodrigues BSc, MBA, MAusIMM,
MMSAQP (Qualified Person) of SRK Consulting at the request of Mr. Keith Piggott,
President and CEO of Goldgroup Mining Inc. Goldgroup is a public company with head
offices in Vancouver, B.C. Canada and a main field office in Hermosillo, Mexico.
Summaries and conclusions contained in this report are considered compliant with National
Instrument 43-101 and the December 11, 2005 Canadian Institute of Mining, Metallurgy
and Petroleum (CIM) standards and definitions. This report may be used by the company to
support and maintain future public financings.
i) Scope of Work and Terms of Reference
One field visit to the Cerro Colorado Mine was completed by Marc Simpson on November 29 th ,
2011. He was accompanied by Vice President of Exploration Kevin Sullivan and Senior
Geologist Omar Felix, both with Goldgroup. During the field visit Simpson was able to verify
drill hole collar locations, visit the on-site laboratory, sample storage facilities, exploration/mine
offices and the processing plant. However no exploration drilling activity was being carried out
during the site visit. The author has relied on information from Goldgroup regarding the
procedures used for the exploration drilling programs at the Cerro Colorado mine.
Data compilation for this technical report on Cerro Colorado is based on research from
internal reports, opinions and general impressions and ideas gathered from Goldgroup
personnel. Electronic data were obtained from company ‘MapInfo’ and 'Surpac' databases
containing the bulk of the geological, geophysical and geochemical information generated
on the project. All regional and local property maps, figures and diagrams in this report were
generated by Goldgroup or the authors using a UTM NAD27 US (Zone 14N) projection or
NAD27 Longitude / Latitude (Mexico) where the scale dictates. Current field work on the
property is all being collected in UTM WGS84 (Zone 14N). The authors have drawn their
own conclusions for this report and have prepared it based on information believed accurate
at the time of completion.
ii)
Terminology and Unit Conversion
The Metric System is the primary system of measure used in this <strong>Report</strong>. Length is generally
expressed in kilometres, metres and centimetres, volume is expressed as cubic metres, mass
expressed as metric tonnes, and gold grades are expressed as “grams per tonne” and abbreviated
as g/t Au.
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Frequently used abbreviations and acronyms include:
3D = three dimensional
% = percent
°C = degrees Celsius
AA = atomic absorption
ALS = ALS Minerals
Ag = silver
Au = gold
CAT = Caterpillar
CDN = Canadian
CIM = Canadian Institute of Mining, Metallurgical, and Petroleum
cm = centimetre(s)
CN = sodium cyanide
EW = Electro Winning
FA = fire assay
Fresnillo = Compañia Fresnillo, S.A.
g = gram(s)
g/t = grams per tonne
Goldgroup = Goldgroup Mining Inc.
Granmin Mexico = Granmin S.A. de C.V.
Ha or ha = hectares
HDPE = high-density polyurethane
ICP = inductively coupled plasma spectroscopy
ICPMS = inductively coupled plasma mass spectroscopy
IP = induced polarization
IPL = International Plasma Laboratory
km = kilometres(s)
m = metre(s)
m 2 = metres squared
m 3 = metres cubed
mm = millimetre(s)
MMI = Mexican Mining Investments
NAD = North American Datum
NI 43-101 = National Instrument 43-101
NSR = net smelter return
oz = ounces
QAQC = quality assurance and quality control
RC = reverse circulation
ROM = run of mine
RTO = reverse take-over transaction
SG = specific gravity
Sierra = Sierra Minerals Inc.
t = metric tonne (1,000 kg)
Tormex = Contratista Tormex
tpd = tonnes per day
Treasury = Treasury Metals Inc.
US$ = United States (American) dollars
UTM = Universal Transverse Mercator
Dollars are expressed in United States currency (US$) unless otherwise noted. Gold prices are
stated in US$ per troy ounce (US$/oz). All Universal Transverse Mercator (“UTM”) coordinates
in this <strong>Report</strong> are provided in the datum of Mexico, NAD 27 Zone 12 unless otherwise
mentioned.
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3. Reliance on Other Experts
The authors of this report have obtained information concerning the Cerro Colorado Project from
several sources, including a 2011 <strong>Technical</strong> <strong>Report</strong> prepared by Michelle Stone, Mexican
government reports, a site visit by Marc Simpson in 2011, as well as reports and data provided
by Goldgroup.
Information regarding land tenure, technical information not in the public domain and underlying
agreements were provided to the authors by Goldgroup, and the authors have relied on this
information exclusively. This information appears to be of good quality. The authors are not
aware of any other technical data other than that which was provided by Goldgroup. The author
has not completed an in depth check and review of the mineral title and ownership of the mineral
titles, with all information related to these titles obtained from Goldgroup.
Marc Simpson, P.Geo. is responsible for all parts of this <strong>Technical</strong> <strong>Report</strong> on Cerro Colorado,
excluding Section 14 on “Mineral Resource Estimates” and “Block model resource within the
Resource Whittle shell” (Sections 14 (i) to 14 (viii) and Section 14(x)) which was completed by
Gary Giroux of Giroux Consultants Ltd., Vancouver, B.C., Canada, and Section 14 (ix) on “Pit
Optimization” which was completed by Fernando Rodrigues of SRK Consulting, Denver,
Colorado.
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4. Property Description and Location
Cerro Colorado is located in northwestern Mexico in the State of Sonora, approximately 35
kilometres southwest of the town of Trincheras, the largest town in the area, with a population of
approximately 5,000 people. The town of La Cienega is roughly 10 kilometres southwest of the
property.
The Cerro Colorado property is made up of 53 mineral concessions (Figure 2 and Table 1). Total
land area held by Goldgroup is 24,107.2892 hectares. Concessions are located using the position
of a single claim monument, with the corners of the concession being determined based on
surveyed distances from this monument. The survey is completed by a registered Mexican
Mineral Concession Surveyor. The mine proper is within 6 concessions located contiguously
(Figure 1).
One concession (Palo Verde 1) is held by a non Granmin owner (Minera Frisco). Minera Frisco
holds the mineral rights to this concession via a subsidiary, Minera Cumobabi S.A. de C.V which
in turn holds the property via a subsidiary, Minera Maria S.A. de C.V. Granmin was granted the
surface rights to the area of the Palo Verde 1 concession as part of its Surface Contract (Contrato
de la Superficie).
Cerro Colorado is wholly owned by Goldgroup via 100% ownership of Granmin Malaysia Ltd.
which in turn owns 99%+1% of Granmin S.A. de C.V. (Granmin Mexico). Granmin Mexico is
the Mexican operating company for Goldgroup. Refer to Figure 3 for the current ownership
structure.
On February 23, 2010, Sierra Minerals Inc. and Goldgroup Resources Inc., a privately held
British Columbia company and a current subsidiary of Goldgroup, entered into a definitve
agreement with respect to a proposed business combination (the “RTO”).
On April 30, 2010, Goldgroup changed its name from Sierra Minerals Inc. to Goldgroup Mining
Inc. and consolidated its common shares on the basis of one new common share for 2.85 old
common shares. Effective April 30, 2010, Goldgroup completed the RTO with Pre-RTO
Goldgroup pursuant to a statutory plan of arrangement under the Business Corporations Act
(British Columbia).
In the first half of 2012 Goldgroup paid a total of US$87,500 (1,151,253 Mexican Pesos) in
taxes. Payments are paid in two installments over the course of the year to maintain the mineral
concessions.
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Figure 1: Cerro Colorado Mine Site Concessions
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Figure 2: Overall Cerro Colorado Concessions, March 2012
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Table 1: Cerro Colorado Concessions, April 2012
Mexican Pesos
Concession Owner Title Number Area (ha) Issue Date Expiry Date
Taxes Paid
2012
1 AMPLY.JUDY GRANMIN 233463 5,135.0000 02/25/2009 02/24/2059 43,735.00
2 AUSTRALIA
HECTOR
GRAHAM*
232115 454.1997 06/20/2008 06/19/2058 8,003.00
3 CERRO COLORADO GRANMIN 186367 20.8179 03/29/1990 03/28/2040 2,597.00
4 EL CAJON FRACC.I GRANMIN 236889 60.1670 09/24/2010 09/23/2060 513.00
5 EL CAJON FRACC.II GRANMIN 236890 102.6476 09/24/2010 09/23/2060 875.00
6 EL CAJON FRACC.III GRANMIN 236891 482.1547 09/24/2010 09/23/2060 4,108.00
7 EL CAJON FRACC.IV GRANMIN 236892 86.5917 09/24/2010 09/23/2060 738.00
8 EL FILON
HECTOR
GRAHAM*
213844 8.0731 3/7/2001 2/7/2051 1,008.00
9 EL FILON
HECTOR
GRAHAM*
213915 0.2558 07/13/2001 12/7/2051 32.00
10 EL FILON FRACC. 1
HECTOR
GRAHAM*
213916 0.6771 07/13/2001 12/7/2051 85.00
11 EL ORERO
HECTOR
GRAHAM*
223071 87.2571 8/10/2004 7/10/2054 3,094.00
12 EL SOCORRO
HECTOR
GRAHAM*
207572 9.0000 06/30/1998 06/29/2048 1,125.00
13 ESCONDIDA
HECTOR
GRAHAM*
218515 9.0000 5/11/2002 4/11/2052 638.00
14 ESCONDIDA 2
HECTOR
GRAHAM*
221953 127.4567 04/16/2004 04/15/2054 9,035.00
15 JUDY GRANMIN 236196 2,202.0392 05/19/2010 07/17/2058 38,800.00
16 LA HORCHATA MASORO 191148 40.0000 12/15/1986 12/14/2036 4,990.00
17 LA PLOMOSA MASORO 193790 6.0000 12/19/1991 12/18/2041 749.00
18
MASORO 1
FRACCION I
MASORO 220537 2,192.2898 08/15/2003 08/14/2053 155,390.00
19
MASORO 1
FRACCION II
MASORO 220538 496.8429 08/15/2003 08/14/2053 35,217.00
20 MASORO 2 MASORO 227120 91.2935 11/5/2006 10/5/2056 3,237.00
21 MAYTO
HECTOR
GRAHAM*
223808 14.2562 02/22/2005 02/21/2055 506.00
22 MAYTO
HECTOR
GRAHAM*
223809 72.5680 02/22/2005 02/21/2055 2,573.00
23 MAYTO
HECTOR
GRAHAM*
223810 2.5116 02/22/2005 02/21/2055 90.00
24 NORMA LARA 218449 60.0255 5/11/2002 4/11/2052 4,255.00
25
NUEVO GRAN
VALLE FRACCIÓN 1
MASORO 218755 5,886.3238 01/17/2003 01/16/2053 417,223.00
26
NUEVO GRAN
VALLE FRACCIÓN 2
MASORO 218756 682.6921 01/17/2003 01/16/2053 48,390.00
27
NUEVO GRAN
VALLE FRACCIÓN 3
MASORO 218757 0.0150 01/17/2003 01/16/2053 2.00
28
NUEVO GRAN
VALLE FRACCIÓN 4
MASORO 231501 5.0000 4/3/2008 3/3/2058 159.00
29 ORERO
HECTOR
GRAHAM*
221952 63.4377 04/16/2004 04/15/2054 4,497.00
30 ORERO 10
HECTOR
GRAHAM*
224293 23.5724 04/22/2005 04/21/2055 836.00
31 ORERO 11 FRACC. 1
HECTOR
GRAHAM*
228955 11.7429 02/22/2007 02/21/2057 207.00
32 ORERO 11 FRACC. 2
HECTOR
GRAHAM*
228956 54.2564 02/22/2007 02/21/2057 956.00
33 ORERO 12
HECTOR
GRAHAM*
227168 100.2807 05/17/2006 05/16/2056 3,555.00
34 ORERO 14
HECTOR
GRAHAM*
227327 44.0376 9/6/2006 8/6/2056 1,562.00
35 ORERO 14
HECTOR
GRAHAM*
227325 37.5792 9/6/2006 8/6/2056 1,333.00
36 ORERO 15
HECTOR
GRAHAM*
227326 40.8263 9/6/2006 8/6/2056 1,448.00
37 ORERO 3
HECTOR
GRAHAM*
221856 39.9940 2/4/2004 1/4/2054 2,835.00
38 ORERO 3
HECTOR
GRAHAM*
221857 40.8701 2/4/2004 1/4/2054 2,897.00
39 ORERO 3
HECTOR
GRAHAM*
216769 200.0000 05/28/2002 05/27/2052 24,948.00
40 ORERO 5
HECTOR
GRAHAM*
220996 99.0000 08/31/200 08/30/2050 12,350.00
41 ORERO 6
HECTOR
GRAHAM*
224789 85.2144 5/11/2002 4/11/2052 6,040.00
42 ORERO 7 HECTOR 218367 28.4578 5/11/2002 4/11/2052 2,018.00
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Mexican Pesos
Concession Owner Title Number Area (ha) Issue Date Expiry Date
Taxes Paid
2012
GRAHAM*
43 ORERO 7
HECTOR
GRAHAM*
217947 170.9904 09/18/2002 09/17/2052 12,120.00
44 ORERO 8
HECTOR
GRAHAM*
214529 9.0000 2/10/2001 1/10/2051 1,123.00
45 ORERO 9
HECTOR
GRAHAM*
220513 30.0000 08/14/2003 08/13/2053 2,127.00
46 ORERO 9
HECTOR
GRAHAM*
220515 88.3183 08/14/2003 08/13/2053 6,260.00
47 ORERO 90
HECTOR
GRAHAM*
212866 9.0000 02/13/2001 12/2/2051 1,124.00
48 PALO VERDE III CERRO DORADO 218965 186.1761 01/28/2003 01/27/2053 13,197.00
49 PALO VERDE IV CERRO DORADO 218966 6.9838 01/28/2003 01/27/2053 496.00
50 SAN JORGE GRANMIN 184829 39.9912 5/12/1989 4/12/2039 4,989.00
51 SAN JORGE 3
HECTOR
GRAHAM*
220514 80.0000 08/14/2003 08/13/2053 5,671.00
52 SECOTEC 2 GRANMIN 220953 2,813.5456 4/11/2003 3/11/2009 199,425.00
53 SECOTEC 3 GRANMIN 224723 1,468.8583 2/6/2005 1/6/2055 52,072.00
24,107.2892 1,151,253.00
Figure 3: Ownership Structure
15 | P age

5. Accessibility, Climate, Local Resources, Infrastructure and
Physiography
From Stone (2011):
i) Access
Access to the project is via Federal Highway 2 between Altar and Santa Ana to the
kilometre 42 marker, then 22 km south by paved road to Trincheras. The property is
located 37 km southwest of Trincheras along a maintained gravel road with no
drainage improvements. The mine site grader blades this road as needed. The nearest
major airports are located in Hermosillo, the capital of Sonora, or in Tucson, Arizona,
USA. Travel time from either of these airports to the Property is approximately four
hours.
ii)
Climate
Cerro Colorado is located in the Sonoran Desert west of the Sierra Madre Occidental
mountain range. The climate is typified by mild winters and hot summers. A primary
rainy season occurs from July to October, with a second rainy season occurring
during the winter months. Mining at Cerro Colorado is continuous throughout the
year, although minor delays and/or shut downs associated with periods of
intense/excessive rainfall could occur. Vegetation is sparse and consists primarily of
cacti and low thorny shrubs (mesquite) (Figure 5). Surface water is rare but ground
water is readily available. Arroyos and washouts are common. Deer, javelinas,
jackrabbits and quail are common to the area.
iii)
Local Resources and Infrastructure
The State of Sonora is located in the northwest portion of Mexico and is bounded by
Arizona and New Mexico, USA in the north, Chihuahua, Mexico in the east, Sinaloa,
Mexico in the south and, the Sea of Cortez and Baja California Norte in the west.
The state covers approximately 185,500 km2 and contains a population of nearly
2,000,000.
Infrastructure in Sonora is extensive. The state has approximately 10,000 km of
paved roads in a system of 25,000 km. Additions to the paved portions of the system
are in progress. Rail lines totalling 1,800 km link the major cities in the state.
Numerous ports are found along the coast. International airlines serve Hermosillo,
the state capital, several times daily. Infrastructure for the movement of either plant
equipment or raw products to or from the mine is excellent. Sonora has an electrical
generating capacity of 1,500 MV and a reasonably well developed power distribution
system. Telecommunications in the state are linked to the country's federal
microwave network which runs throughout the Pacific Coast, connecting all main
cities and towns. Water for farming and city use is primarily provided by reservoirs
with groundwater being used in the country side.
16 | P age

All services including rail are available at Trincheras. Electricity, satellite
communications and water are available at the mine site. Federal Highway 2 is paved
and serves as a major transportation route in Sonora. A labour pool, familiar with
modern mining practices, is present in the area.
The mine site maintains several buildings on site that include various offices, the onsite
laboratory, plant and maintenance facility, and a small camp (Figure 4). The
crushing facilities and heap leach pads, waste areas and tailings ponds are centrally
located adjacent to the pits. There is sufficient room on the Property to expand these
facilities, pads, dumps and ponds if required.
Electrical power is supplied by on-site generators. Although there is power supply in
the surrounding area, tapping into the system would require a large capital injection in
excess of $500,000. Due to mine life and known reserves at start up, on-site
generation was deemed to be the best use of capital.
Heap Leach Pad
Plant, Lab,
Offices,
Maintenance,
camp
Waste Dump
Figure 4: Cerro Colorado Infrastructure, November 2011
Prior to 2010 there were 3 generators on-site for power supply. Currently a 1250 kW generator is used
for camp and plant power supply, backed up by a 350 kW generator.
17 | P age

From Stone (2011):
Goldgroup (via predecessor Sierra) entered into a lease agreement in 2006 with Mr.
Arturo Bayardo of Sonora, Mexico, the owner of a nearby water well, for exclusive
rights to use water from the well in the operations of the Cerro Colorado mine. No
rental fees are charged or payable under this agreement. The lease has an indefinite
term which runs until the cessation of mining activities at Cerro Colorado. Fees
payable to the Mexican government based on water consumption are solely the
responsibility of the Sierra during the term of the lease. Upon expiry of the lease,
ownership and all rights of use relating to the well revert back to Mr. Bayardo.
Water is pumped to the mine site from the well, which is located approximately 12.5
km to the west of the mine. This well is capable of pumping 65 litres per second and
is of sufficient quantity to meet water requirements at the mine site. Wells located
closer to the mine are only capable of supplying water for single family dwellings for
the area ranchers and are not feasible alternatives for the mine site. Ten (10) wells of
15 m depth are in place around the physical plant. These wells are checked monthly.
Only rarely is there any water in them for sampling. When water is found in the wells
a sample is collected and analyzed by an off-site laboratory for pH, suspended solids
(conductivity), and gold and silver contents. Results to date have not shown any
contamination.
iv)
Physiography
The project area occurs within the Sonoran Desert physiographic sub-province and in
general exhibits a relatively flat topography. However, in the immediate mine area,
hills reach up to approximately 170m in relief. Figure 5 shows low lying hills north of
the Cerro Colorado mine.
Figure 5: General Physiography of Cerro Colorado, November 2011
18 | P age

6. History
From Stone (2011):
i) Exploration History
The principal period of mining activity at Cerro Colorado occurred during the late
1800's to early 1900's. Both hard rock and dry placer operations were conducted
during this period. Limited underground work is believed to have taken place during
the 1920's and 1930's. Within the district small scale dry placer operations have
continued intermittently to the present. The extent of past workings indicates that
approximately 100,000 tonnes of high-grade gold-bearing rock was mined (MRDS
MX00297) at Cerro Colorado. This production from underground mining and placer
workings is estimated to have recovered approximately 50,000 ounces of gold.
a. Contratista Tormex
The property was explored by Contratista Tormex (“Tormex”) during the early
1970's. They calculated that there were 1,000,000 tonnes of reserves at a grade of 2.6
g/t Au in the Harris breccia from extensive underground sampling. Tormex estimated
an Indicated resource, which includes the above reserve, of 3.5 to 4.0 million tonnes
at a grade of 2.6 g/t Au. These resources and reserves are historic, are not current,
have not been verified by CCIC and should not be relied upon.
b. Papanton Minas S.A. de C.V. – BP Minerals
In 1983 and 1984, Papanton Minas S.A. de C.V. and BP Minerals explored the area in
a joint venture. A total of 25 holes, eight diamond and 15 rotary, totalling 3,984
metres were drilled in a widely spaced pattern over the property.
c. Compañía Fresnillo S.A.
In 1989-1990 Compañía Fresnillo, S.A. (“Fresnillo”) explored the Cerro Colorado
Property. Fresnillo explored the entire district and developed a target of 8.1 million
tonnes at 2.0 g/t Au. The project potential of 525,000 ounces of gold was not deemed
large enough for Fresnillo, an Amax-Peñoles joint venture, and the project was turned
back to its underlying landowners.
6.5 Laramide Resources Ltd.
Laramide Resources Ltd. optioned the Cerro Colorado property in 1995 and carried
out the first mapping and sampling program in November and December of that year.
This was followed by drilling 23 holes on accessible targets in February of 1996.
Results of this work were encouraging and work continued through 1996 and most of
1997 with geologic mapping, surface and underground chip sampling, soil sampling
and two additional phases of reverse circulation (“RC”) drilling.
After the first phase of confirmation drilling, exploration focused on proving
mineable resources by drilling the obvious mineralized zones, in addition to whatever
19 | P age

extension(s) derived from them. As the zones were drilled on approximately 20 m
separations they quickly consumed the full exploration budget. No effort was made to
explore targets outside the core area. In this first drill program (February 1995), 23
holes totalling 2,356 m were drilled mainly from existing roads near Harris and Obra
X (CC-1 to CC-23). The second drill program, completed in August and September
1996, included 64 holes totalling 6,276 m (CC-24 to CC-87). These drill programs
completed the drilling of the Obra X zone and first tested the mineralization at
Breccia Central and Abejas.
In the third exploration program, 75 holes totalling 8,289 m (CC-88 to CC-162) were
drilled to prove Breccia Central and add Abejas and Sorpresa to the Harris resource.
This drilling was completed between February and June 1997. At the end of this third
phase of exploration drilling, a total of 14,565m had been drilled in 162 holes to
define mineable zones at Obra X and Breccia Central. Laramide believed that
additional drilling was required at Sorpresa, Harris and Abejas to bring these zones
into mineable resource categories. Laramide estimated an overall resource of 4.2
million tonnes at a gold grade of 1.33 g/t Au (Wendt, 1995). This resource estimate is
historic, not current, has not been verified by CCIC and should not be relied upon.
Bottle roll testing of 53 composite samples from 10 representative drill holes showed
gold recovery ranging from 54.7% to 90.6% with an average of 77.6% (Balderama,
1997).
d. Minera Secotec S.A. de C.V.
In April 2000 Secotec began a preliminary feasibility study to determine the
economic viability of the Cerro Colorado project. This work consisted of rock chip
sampling of the old workings, exposed breccia outcrops, infill drilling on 25m x 20m
centres on the Sorpresa mineralized zone, and column leach testing of the mineralized
intercepts using the Laramide drill chips and dump material left at the surface during
the old mining operations. Secotec also completed rock chip sampling confirming the
values encountered during the Laramide and Tormex exploration programs.
In-fill drilling on the Sorpresa mineralized zone consisted of 26 vertical percussion
drill holes on section lines spaced 25m apart. Holes were spaced 20m apart on the
section lines. Gold mineralization was encountered in 21 of the 26 holes drilled, in
zones of altered and hematized rhyolite, rhyolite breccia and sometimes a few metres
into the underlying limestone. Holes drilled directly into the limestone from surface
invariably showed little or no gold. Mineralized intercepts encountered in the drilling
include drill hole CCS11 (5-27m) 22m @ 3.78 g/t Au, and CCS14 (32-46m) 14m @
4.84 g/t Au. The drilling confirmed and expanded the original Laramide drilling and
outlined a mineralized zone which is roughly lenticular in shape, plunging easterly
into the main Cerro Colorado hill and containing an estimated resource of 487,000
tonnes @ 1.54 g/t Au. This resource estimate is historic, not current, has not been
verified by CCIC and should not be relied upon.
The Sorpresa area has been drilled on 9 sections, spaced 25m apart with drill holes
spaced at 20m centres along section lines. The mineralized area occurs above the
20 | P age

hyolite/basement contact along its southern boundary and has been traced virtually
into contact with the Harris mineralization. Although the most easterly section drilled
contained only weak mineralization, the best intercept of which was 12m @ 0.76 g/t
Au, in drill hole CCS26 from 49-61m, the zone continues and can be traced in
outcrop into contact with the Breccia Central mineralization.
A total of 13 column leach tests were undertaken using percussion drill chips from the
Laramide drilling and dump material left at surface from the old mine workings. The
tests ranged in size from 4 kg in 100 mm diameter columns, up to 200 kg in 2m x
300mm diameter columns. Gold recoveries ranged from 81% to 99% based on the
leach recovery and final tails assay. Leach times were generally less than 120 days
except in three cases (Tests 5, 6 and 7), where the sample material was crushed to
minus 6mm and extremely slow percolation resulted. Test 10 was also slow at 203
days on lower grade coarse dump material.
Based on the above drilling and column leach test results, a decision was made in
May 2001 to start a heap leach mining operation. Operations would initially focus on
the Sorpresa mineralized zone, and expand into the Harris/Abejas areas and
subsequently the Breccia Central and Obra X mineralized zones. Mine construction
began in mid 2001 and was completed by February 2003. During the first phase of
mining a trial heap of 90,000 tonnes of mineralized material with an average grade of
1.24 g/t Au was placed on the leach pad at a crush size of minus 90mm with the
addition of 1.5 kg of lime per tonne of rock. Leaching commenced in March 2003
using a cyanide concentration in solution of 150 ppm at a pH of 10.5. Gold recovery
from this initial trial heap was 67%.
Mining recommenced in December 2003 using a secondary cone crusher to reduce
the crush size to minus 45mm but due to insufficient capital the secondary crushing
circuit could not be maintained in operation. At the same time cyanide strength was
increased and additional side-slope heap sprinkling was commenced. Recoveries
appeared to be quicker from the finer crushed material. Since this time, a further
400,000 tonnes have been placed on the pad at a similar grade.
Secotec also completed a soil sampling program. Soil samples were collected over a
grid covering the south and west flanks of Cerro Colorado and the low ground
between Cerro Colorado, Plomosa and Hematita Hills. The samples were taken at
20m intervals on lines spaced 100 metres apart and run at right angles to a picketed
baseline running N76°E - S76°W from an origin at drill hole CC-10. A second
baseline along line 1W was used to cover the low ground between Cerro Colorado,
Plomosa and Hematita hills. An additional 3-line grid was sampled over the northeast
end of Cerro Colorado where breccia outcrops had been located. Samples were
collected from 10 to 20 cm below the surface and sieved in the field.
Bondar Clegg in Vancouver, Canada analyzed the minus 80 mesh fraction for gold
plus an additional 34 elements including Ag, Cu, Pb, Zn, Mo, As, Sb and Mn. Gold
was the only element used in target definition. Various anomalies were defined as
21 | P age

described below (an extract from Kappes, Cassiday & Associates, 2005) and located
on Figure 6.
Values were reported as very high through the low ground between the three hills,
and spreading downhill from Harris, Abejas and Obra X (detailed assays not provided
in the 2005 report). An east-west anomaly south of Abejas needs to be checked in the
field. The crests of the main anomalies are labelled for reference as follows:
Anomalies “A”, “B” and “C” appear to run east north-easterly through the low
ground north of Sorpresa Zone with “C” located close to the wash running westward
off Cerro Colorado.
This area, particularly the east ends of the three anomalies, contains placer pits after
gold draining off Cerro Colorado but the western parts of the anomalies are equally
strong and occur in areas of little disturbance several hundred metres away from that
source. Although they occur in an area containing placer gold, their orientation is
parallel to the mineralized trends in an area where regional faults underlie alluvial
cover giving these anomalies considerable exploration potential. A grid of holes
drilled through the placer to test bedrock under the anomalies could locate other
mineralization like the Sorpresa Zone in this area.
Anomaly “E” covers an area of surface disturbance from work at the Harris Mine,
and the road from Harris to the Hematita Mill. Anomaly “G” is derived from the
Abejas breccia outcrops and joins through lines 1E and 0E into the Harris Zone and
westward along the gneiss contact fault. This contact between Harris and Abejas
should be drilled during the next exploration program. The Abejas breccia trend
reappears as anomaly “H” to the east of a slope covered by talus derived from the
barren rhyolite above. Anomaly “F”, which includes 6 samples of over 1,000 ppb Au,
lies in a little-disturbed area of the basement rock down-slope from Abejas. A field
check with fill-in sampling is needed for this area. Anomaly “I” is derived from the
Obra X Zone, with an Inferred tail extending to the east.
Exploration targets were developed from the soil survey and previously reported as
(Kappes, Cassiday & Associates, 2005; Figure 6):
1) Anomalies “A”, “B”, and “C”, where colluvial placer deposits may cover bedrock
gold in faults near the limestone-rhyolite contact, require testing by grid drilling for
placer plus enough bedrock to determine potential.
2) The zone west of anomaly “G” above the gneiss contact requires drilling to test
north dipping mineralization between Abejas and Harris.
3) Anomaly “F” is a puzzle, and needs to be field checked.
4) The anomaly at 1+00 N and 1+20 N on line 10E should be checked for nearby
bedrock connecting with the Obra X zone.
22 | P age

Figure 6: Map showing the exploration targets defined by Secotec based on the results of soil sampling (modified from
Kappes, Cassiday & Associates (2005)).
e. Sierra Minerals
On November 26, 2004, Sierra entered into a letter agreement to procure the sale of
the Cerro Colorado Gold Mine and Property with Mexican Mining Investments
(“MMI”), which owned 98% of Secotec.
Sierra completed a RC drilling program of eight (8) RC holes drilled outside the area
of known resources in 2006. Thirty two metres of 3.42 g/t Au and 6.0 g/t Ag were
intersected 30m below the surface in hole GM-4, while hole GM-5 intersected 32m at
1.72 g/t Au approximately 80m below surface.
In a Phase II RC drilling program completed in 2007, Sierra drilled 195 holes
totalling 14,000m; 154 holes were resource and exploration holes while 41 holes were
23 | P age

drilled to sterilize an area for the planned operations. Significant intercepts included
90m of 1.59 g/t Au and 1.46 g/t Ag (at a depth of 28m below surface) and 44m at
0.90 g/t Au and 9.61 g/t Ag (Annual Information Form for Fiscal Year ending
December 31st, 2007).
Most holes have been drilled with a dip of 60°, which is roughly perpendicular to the
dip of the known mineralization. Mineralized true widths are therefore approximately
90% of the reported widths.
None of the drilling by Sierra has had directional surveys completed. This should be
done as a standard practice and it is recommended that a procedure be established for
routine monitoring of down-hole deviation as they can have a significant impact on
geological interpretation and construction of a three dimensional (“3D”) model.
f. Goldgroup Mining Inc.
On February 23, 2010, Sierra Minerals Inc. and Goldgroup Resources Inc., a privately held
British Columbia company and a current subsidiary of Goldgroup, entered into a definitve
agreement with respect to a proposed business combination (the “RTO”).
On April 30, 2010, Goldgroup changed its name from Sierra Minerals Inc. to Goldgroup Mining
Inc. and consolidated its common shares on the basis of one new common share for 2.85 old
common shares. Effective April 30, 2010, Goldgroup completed the RTO with Pre-RTO
Goldgroup pursuant to a statutory plan of arrangement under the Business Corporations Act
(British Columbia).
.
24 | P age

7. Geological Setting and Mineralization
From Stone (2011):
i) Regional Geology
Sonora is comprised of three main physiographic provinces. These provinces trend
approximately north-south, parallel to the Sierra Madre Occidental and include the
Basin and Range Province (of which the project is a part), the Transitional zone and
the High Plateau (Sierra Madre Occidental). In the western portion of the state (west
of Federal Highway 15) the Basin and Range Province of the western United States
continues into Sonora. In Sonora, the Basin and Range Province consists of widely
spaced mountain ranges, the result of mid-to-late Tertiary high-angle listric faults or
earlier low-angle (detachment) faulting. These ranges contain a majority of the older
Precambrian and Mesozoic rocks found in the state. The majority of the gold systems
in this province have a structural component involving a combination of high and
low-angle faulting (e.g. La Choya, Cerro Colorado and Quitovac).
The Transitional zone is found between Highway 15 and the Rio Yaqui and consists
of closely spaced ranges that form a topographical high. A wide range of rock types
and ages are found here but Tertiary volcanic rocks and indurated gravels are the
most prevalent. This zone hosts the Cananea and La Caridad mines which produce the
bulk of Mexico's copper. Gold deposits vary from the structurally-hosted Amelia
Deposit, clastic sediment hosted shear zones at Quitovac, structural/carbonate-hosted
deposits such as at Santa Gertrudis, and to the vein/stockwork hosted La Colorada
Deposit.
The High Plateau or Sierra Madre Occidental is found along Sonora's eastern border
with Chihuahua and consists of large, nearly layer-cake volcanic flows and tuffs with
deeply incised canyons. Tertiary volcanic rocks predominate. This region is host to
numerous epithermal precious metal systems such as Mulatos and Ocampo. Rocks of
Cenozoic age are predominant throughout the State of Sonora. The western half of the
state contains a more diverse suite of rock types spanning various ages.
The Precambrian of Sonora is divided by the Mojave-Sonora mega-shear. Deposits
related to this tectonic event are La Cholla, La Herradura and San Francisco. North of
this shear, the Precambrian consists of schists overlain by weakly metamorphosed
dolomites and sandstones. To the south, the area is covered by coarse-grained granitic
rocks and lesser lower-grade metamorphic rocks. Paleozoic rocks are less widespread
in Sonora and consist mainly of quartzite, limestone, shale and dolomite.
The Mesozoic time was perhaps the most important from the standpoint of economic
geology. During the Triassic and Jurassic periods a relatively thick pile of sediments
was deposited. Following the deposition of these sediments large granitic batholiths
were emplaced. By the early Cretaceous, tectonic plate movement produced the
Mojave-Sonora mega-shear. Chemically reactive carbonate units, especially the
Cretaceous Bisbee Group, were deposited during middle Cretaceous time. Late
Cretaceous marks the onset of the Laramide tectono-igneous event. This orogenic
25 | P age

event resulted in the intrusion of igneous rocks, the development of volcanic piles, the
structural preparation of host rocks and provided a structural heat sources for the
formation of major metallic deposits. The Cenozoic saw the continuation of Laramide
volcanism and intrusive event and the formation of the major copper porphyries at
Cananea and Nacozari. During the mid-Tertiary age large-scale ashflow tuff eruptions
created the High Plateau Province. The final igneous event took place in the far
western portion of the state and consists of basaltic volcanism. Figure 7 is a
geological map of the region around Cerro Colorado.
ii) Local and Property Geology
There are two main rock types in the district, Proterozoic sedimentary units and
gneisses. Two principal structural styles - detachment/low angle faulting and higher
angle Basin and Range normal faulting are also present. Many of the basins in the
district are covered by mid-to-late Tertiary indurated conglomerates. Tertiary
volcanic/intrusive complexes, like Cerro Colorado, are rare in this part of Mexico.
The geology of the Cerro Colorado area consists of Precambrian basement rocks
overlain by Paleozoic sedimentary rocks and intruded by
Tertiary rhyolite and rhyolite breccia. Gold mineralization accompanies strong
hematization and argillization in the rhyolite breccia, fractured rhyolites and
porphyries and in fault breccias within the limestone. This mineralization formed by
late stage emplacement into the rhyolite and nearby sedimentary rocks, with the best
gold concentrations forming near the intersections of deep open fractures through
porous or reactive host rocks and commonly below a confining cap or along a flat
fracture. One of these faults, the La Cienega Fault, is a regional structure running
north-east across the northwest end of the Harris and Breccia Central mineralized
zones.
La Cienega dips to the south-east, intersecting structures underlying the deposits. The
La Cienega Fault is thought to have been a major control in the emplacement of the
mineralization. The main geological units are shown on Figure 8. Most of the
following section has been extracted from an internal company report prepared for
Laramide by Fowlers (1997).
The basement complex is comprised mainly of biotite paragneiss, amphibolite, and
coarse granitic rocks. Fowler describes the gneiss-rhyolite contact as primarily
intrusive, with flow banded rhyolite following joint edges and carrying fragments of
gneiss higher in the intrusion. Many partly digested ghosts of gneiss can be
recognized in the porphyry, particularly near Obra X. Most likely, the rhyolite
intruded up an older fault in the basement. Younger faulting also affects the contact.
This can be seen in Frente 1 and probably south and west of Harris, where the slope
of the contact rises abruptly to the southeast.
On a regional scale, the mineralization at Plomosa, Harris, Abejas, and east to Obra X
all trend east-northeast parallel to and within 100 metres of the gneiss contact. This
26 | P age

suggests emplacement of the mineralizing fluids up deep faults near the rhyolite
contact.
A set of almost east-west faults can be interpreted from offsets in a north-south line of
limestone hills including those at Plomosa and Hematita Hills. These two hills show
stepped lateral offsets eastward from the regional trend in the area intruded by the
Cerro Colorado rhyolite. This suggests that the rhyolite complex was emplaced along
faults and probably into a graben lying between Plomosa and the hill north of
Hematita.
The sedimentary sequence consists of interbedded gray limestone, buff dolomite,
gray-beige to red sandstones and finer siltstone and marl. In the drilling at Sorpresa
coarse sandstone overlies the gneiss contact accompanied by very fine siliceous rock
(here called jasperoid) and limestone. Similar looking rocks toward the base of the
Harris section were logged as fine grained rhyolite, and confirmed as such by thin
section.
The rhyolite at Cerro Colorado comprises a suite of intrusive and extrusive rocks
which vary more in texture and alteration than in original composition. Fine grained
quartz porphyry rhyolite underlies the east end of the complex centered on the hill
above and north of Obra X. Concentric inward-dipping flow textures suggest that this
is the main feeder vent of the complex. If the complex is symmetrical, the other half
of the complex must lie under the alluvial plane to the east of Obra X, suggesting a
continuation of the mineralization under that alluvial cover.
Most of the central portion of Cerro Colorado, generally above the 700m contour, is
composed of sterile cap rhyolite. This rock, which has a uniform light beige tone, is
finer grained and lacks the quartz eyes of the porphyry. The rocks of this unit are
softer in outcrop, forming moderate slopes covered by loose blocks. It has a fine
grained texture and well developed flow banding with a steep south-westerly dip. An
important feature of this rock is a strong joint set dipping flatly to the east or east
south east. These joints are interpreted to have directed the explosive breccia and
mineralizing fluids upslope westward, where they blew out of what is now the
western end of the hill.
Fowler divides the breccia into two types: “Closed breccia” and “Open breccia”. The
Closed breccia carries more angular clasts separated by relatively little matrix in a
generally hard siliceous rhyolite. The Open breccia has more rounded clasts of
varying material in a sea of much finer matrix material. This breccia is generally
altered to a soft greenish white alunitic-argillic rock cut by purple hematitic bands
along fractures and fragment boundaries.
This alteration is most prevalent in well mineralized areas in the breccia (Breccia
Central) or porphyry (Obra X) although some areas showing good grade
mineralization can occur outside of the breccia in moderately altered rhyolite.
27 | P age

Figure 7: Regional Geological Map, Cerro Colorado
28 | P age

Figure 8: Local geological map of the area around the Cerro Colorado Gold Mine
29 | P age

Experience from the drilling in the mineralized areas is that there is no
geological signature for the gold other than gold itself, seen by panning the
cuttings or in assays. One distinctive unit, a pale green, siliceous, heavily
pyritic dike, occurs in the high grade core through the east half of Breccia
Central. This mineralizing dike carries values of 5.0 g/t Au to 15.0 g/t Au and
probably marks the feeder to the breccia deposit.
The lower rhyolite is essentially a continuation with depth of the barren cap
unit into areas of greater degree of alteration. Fresh rhyolite appears greener
than the barren cap and progresses through increasing alteration into
green/purple altered rhyolite.
Age dating carried out for Granmin in 2010 (per Telluris report) support the model that
the Cerro Colorado rhyolite is older than Tertiary and is likely to have been emplaced in
the mid-Cretaceous period (89 Ma +/- per Granmin date results). Pb losses appear to
indicate the mineralization event was mid to late-Laramide or between 55-65 Ma.
The Telluris report also indicates that an intrusive source (possible porphyry system) is
likely due to the relatively high Cu and Ag values in the mineralization. Structural data,
age dating data and the presence of unmineralized rhyolite north and south of the deposit
are thought to imply an association with hypogene mineralization related to the Laramide
age deformational overprint.
Regional magnetic data indicates that Cerro Colorado is underlain by a magnetic high
which is part of a west northwest to northwest trend of magnetic highs. Cerro Colorado
lies at the intersection of this west northwest to northwest trend and a northeast trending
series of anomalies. These types of intersecting structures may provide interesting targets
for future exploration.
iii)
Structural Geology
From Stone (2011):
Gold mineralization occurs in host rocks located in zones of higher grade
alteration. These zones lie within regions of structural disturbance in which
high concentrations of fractures, faults and breccia are present. Faults and
fractures generally trend N70°E, North-South, and N30°W. These structural
zones represent areas of weakness and reactivation along which faulting,
intrusion, fracturing, gas discharge, alteration and mineralization are
facilitated.
Ground preparation through extensive cross–fracturing, providing a conduit
for fluids, appears to be the necessary precursors to gold mineralization. Most
breccia zones seem no more likely to be mineralized than any other type of
rhyolite. The largest breccia zones, generally the more “open” ones (like
Harris and Breccia Central), seem to be rather weak rocks lying along
30 | P age

structurally reactive trends which favour the development of the necessary
faults and fractures. Even within these larger breccias, alteration can be seen
to penetrate along fractures and faults, often leaving intervening areas of
breccia with little sign of mineralization between clasts. Also, what appear to
be significant fault zones within breccias will often be reduced to a set of
ordinary fractures within a few metres of the contact in the surrounding
rhyolite.
The two primary features - the La Cienega Fault and the rhyolite - gneiss
contact (healed fault) intersects west of the Harris Mine. The La Cienega Fault
strikes northeast and dips approximately 70° southeast, the basement contact
strikes east northeast and dips approximately 80° north. These structures
intersect in a minus 50° north - easterly plunging juncture forming the keel of
the Harris Deposit.
The La Cienega Fault continues north from Harris, through the western end of
Breccia Central and continuing under the low ground to the north. As at
Harris, the eastern end of Breccia Central plunges 40° to 50° east or east -
northeast and ends against an east-west fault along its southern edge. Flat (less
than 20°) east - northeast dipping joints form in the barren cap rock, while
indicated feeder fractures dip approximately 80° to the east - northeast. These
two fracture sets dip in the direction of the plunge of the deposit, with the
barren hanging wall fractures approximately 30° flatter and the altered
footwall fractures approximately 30°steeper than the plunge. Obra X also
occurs along the north edge of the basement contact and plunges gently to the
east - northeast.
Wetherup (2007) completed a detailed structural study of the Tertiary rocks to
understand the structural environment present during the gold mineralization
event. The main types of structures are brittle faults near the surface, which is
suggested by “onion” or “tulip” fault structures (faults concentrically bifurcate
and open upwards). Wetherup observed four dominant structures in the
rhyolite: (1) northwest trending, northeast and southwest dipping faults and
joints, (2) northeast to east trending faults and joints which generally dip
southward, (3) north trending, steeply to shallowly east dipping faults and
joints, and (4) steeply west-southwest dipping quartz-pyrite veins. He
concluded that the mineralization occurs along east-northeast striking, south
dipping structures where they are intersected by NW trending normal faults.
These structures occur throughout the rhyolite dome.
Additional observations by Telluris Consulting (2010) determined that the hypogene
(gold bearing pyrite) mineralization hosted in the rhyolite was controlled primarily by at
least one, and probably two, north to north-northeast dipping late Laramide-age thrust
zones. It was determined that these were zones of reverse faulting with broad damage
zones that host the mineralization.
31 | P age

It is surmised that the intersection of the Laramide age thrusts and west-northwest
trending gently north dipping faults, fractures and narrow breccia zones control
mineralization in at least the portion of the mine that was visited by Telluris personnel.
From Stone (2011):
iv) Mineralization
Gold is hosted by rhyolite and associated with hydrothermal alteration.
Hematite is a dominant mineral in the altered zones. The main control appears
to be the location of east-northeast steeply to moderately south dipping
reverse fault zones (Wetherup, 2007). Northwest and north trending structures
within the rhyolite are only significantly mineralized where they have been
cut by the east-northeast trending structures (and vice-versa). These structures
occur as either shallow east dipping features or moderate to steep east and
west dipping features within the rock. The general plunge of the
mineralization is shallowly eastward (primary plunge) with higher grade
shoots occurring along the steeper structures (secondary plunge) within the
overall shallow plunging zone. Considering all three of the structural
constraints the mineralized bodies look like shallowly east plunging tabular
shoots with secondary high grade tabular shoots nearly perpendicular to the
overall trend of the zone (Figures 9).
Two areas are currently mined (2012) at Cerro Colorado: Breccia Central and Obra X.
From Stone (2011):
a. Breccia Central
The mineralization at Breccia Central falls within an area 300m long by 120m
to 200m wide and is approximately 50m thick at the west end of the hill. From
there it plunges eastward becoming narrower and richer with depth. In detail
the easterly plunge appears to be controlled by cross faults stepping down to
the east at approximately 20,440m E and 20,500m E (Figure 10). A pale
green-white silicic, pyritic (+galena) feeder dyke appears to intrude from the
north and carry high grades close under the barren cap.
b. Obra X
The mineralization at Obra X occurs through an area approximately 200m
long by 20m to 30m wide and approximately 50m deep in its root zone. It lies
close to surface through most of its extent, dipping shallowly south-eastward
parallel to the slope of the hill.
Gold at Obra X occurs in fractured, altered rhyolite quartz porphyry intrusive
lying approximately 100m north of the gneiss contact and a few tens of metres
below hard rhyolite porphyry. Inclusions of replaced gneiss occur in the
32 | P age

mineralized zone near the west end of the trend, but none of the drill holes
reached basement.
The principal structures at Obra X are: 1) a system of fractures striking NNW
and dipping steeply eastward, and 2) strong brecciated flat shears dipping
shallowly to the southeast. These two fracture sets are strongly hematized and
argillized, and control the better mineralization. Northwest dipping fractures
may also be important.
Obra X mineralization is exposed by a trench running east-northeast for
approximately 200m, and by a cross-cut adit running north-westerly to
intersect with a drift running roughly parallel to the trench, 15m to the south
and 20m below it.
Gold appears to occur in two lenses separated by approximately 10m of waste.
They dip shallowly to the south-east parallel to the topography. The upper
lens thickens and deepens to form a root zone near section 0 E-NE.
Additional drilling from the road extending northeast from the adit portal is
needed to follow the zone down dip.
c. Harris - Sorpresa - Abejas Areas
Centered on the Harris mine in the southwest corner of the rhyolite complex,
the Harris, Sorpresa, and Abejas zones are described together here. With
additional drilling results they are expected to merge into a single pit area.
Gold occurs in an altered rhyolite breccia and fractured rhyolite at Abejas and
Harris, but at Sorpresa it also occurs in brecciated and replaced limey
sedimentary rocks below the rhyolite. It is rarely found in the basement
gneiss. The Plomosa and Hematita mineralization is generally located within
bedding and fracturing within the limestone regionally associated with
rhyolite intrusions.
Two main breccia bodies are known - 1) Abejas which dips northward 20m to
40m above gneiss contact, and 2) Harris which dips southward and may
intersect with the Abejas trend in the core of the Harris zone. The breccias
occur above and between two regional faults which were probably active in
the emplacement of the mineralization.
The La Cienega Fault is best observed cutting a notch in the rhyolite cliff west
of Breccia Central. From there it projects to the southwest past its outcropping
near hole CC-16 passing through the zone of bad drilling (lost holes CC-8,
CC-48, CC-7, CC-49) just north of Harris to the south end of Plomosa Hill.
This fault lies to the north and below the main Harris Breccia similar to the
basement contact fault that lies below the Abejas breccia. The two faults
intersect below Harris, possibly forming a V-shaped mineralized zone that
runs from the Harris 94m level eastward to Abejas. The southern arm of this
“V” has not yet been drilled.
33 | P age

The Plomosa - Sorpresa zone lies in limey sediment and rhyolite close to the
contact between the two rock types, and 20m to 50m above the basement
gneiss. Gold occurs in two or three apparently flat-lying zones in both
volcanic and sedimentary rocks. Irregular mixing of rock types in a single drill
sample suggests complex brecciation possibly accompanying the flat-lying
faults.
d. Abejas
Mineralization forming the Abejas zone has been determined from
intersections of six drill holes and approximately 25 chip samples. The
mineralization has now been traced along a length of approximately 150m, to
a depth of approximately 100m and a width of 20m to 30m. It comprises two
lenses running approximately east-northeast 20m to 40m above the gneiss
contact. The lenses dip steeply to the north and appear to diverge from the
contact in the eastern intersections.
The best mineralization intersected to date was between lines 230° ENE and
330° ENE, close to the drill pad at 305° ENE. Access to the east is blocked by
a steep cliff of hard rhyolite. The mineralized trend westward towards the
Harris zone has not yet been tested.
e. Harris Breccia
The Harris Breccia deposit, centered on the workings of the late 19th Century
Harris Mine, occurs west of the Abejas zone and east or southeast of Sorpresa.
The gold at Harris occurs in hematized - argillized fractures and in a matrix of
the explosive rhyolite breccia, and also in north-northwest striking fractures in
wall rock outside the breccia. The alteration and associated mineralization
favour the breccia but can pass outside of it to mineralize wall rock. The
Harris zone lies above the intersection of two major faults: the Basement
Contact Fault running approximately N80°E and dipping steeply north, and
the La Cienega Fault, running approximately N40°E and dipping 70°
southeast.
The two faults are not themselves mineralized but intersect to form a keel
plunging approximately 50° to N65°E with the Harris zone lying in the
hanging wall breccias above. The strong north-northwest trending fractures
strike perpendicular and dip at approximately 30° steeper than the plunge of
the keel. Coincidentally the Breccia Central structure also lies in the hanging
wall of the La Cienega fault and north of a steep fault against barren wall rock
and also plunges approximately 50° east or northeast, with flat fractures
dipping approximately 20° to the east. Obra X has a similar easterly rake,
suggesting a similar control. This pattern is somewhat affected by flat-lying
34 | P age

Figure 9: Mineralization model for Cerro Colorado from Stone (2011)
35 | P age

.
Figure 10: Long section through the Breccia Central area looking north. from Stone (2011)
36 | P age

northeast trending faults as observed in the large stope and in apparent offsets
to the mineralization between the 33m and 46m levels.
The Harris zone, as drilled to date, extends from section 103 WSW to section
170 ENE and from surface at approximately 640m elevation to approximately
550m in its core; widths vary from 3m to approximately 50m, and grades
range up to 17.0 g/t Au and average 1.43 g/t Au.
The mineralization occurs above the steeply north-dipping basement and
below a cap of barren rhyolite to the east of section 50 east-northeast. Flat
faults seen in the workings between 90 ENE and 30 ENE impose a flatter dip
which may carry into the Sorpresa area to the northwest. The last Harris
section and the beginning of the Sorpresa mineralization are shown in section
100 WSW. At Sorpresa the basement contact is flat, stratigraphic, and 20m to
30m shallower than at the bottom of the Harris deposit.
The rhyolite to the north of the main Harris zone is fresh and in part aphanitic
and flow banded. This very fine grained rhyolite has been logged as “rhyolite
3”. The La Cienega fault has been projected through the area between Harris
and the hard rhyolite, but is not indicated on the sections.
f. La Sorpresa
The Sorpresa zone was discovered by holes CC-63 and CC-64 drilling across
the valley between Plomosa and Cerro Colorado hills in search of a faulted
limestone-rhyolite contact. The holes found gold mineralization in both
limestone and rhyolite, tying the Plomosa sediment-hosted mineralization on
the west to the rhyolite-hosted mineralization at Harris. By the end of the 1997
drilling, the Sorpresa mineralization had been traced to approximately 80m
north of the west end of the Harris zone and essentially into contact with
Plomosa.
The mineralization at Plomosa occurs in 1m to 2m thick replacement breccias
through limestone. The breccias dip approximately 40° west down narrow
declines and flatten at depth under the Plomosa claim. Stockwork type
mineralization occurs around the breccias. Very altered rhyolite was seen
underground near the Malacate shaft at the northeast end of the Plomosa
workings, indicating geological continuity with Sorpresa.
At Sorpresa the bulk of the drill holes hit good grade mineralization in two
apparently flat to shallow east-dipping lenses, that begin near surface at
Plomosa and reach a depth of approximately 40m in section 75 ENE, 125m to
the east. One of the lenses is in rhyolite; the other is in sediment or at the
sediment-rhyolite contact. The stratigraphic sequence consists of gneissic
basement rocks, overlain by quartzite or arkose that passes upward into
limestone and is finally overlain by the rhyolite. The basement gneisses lie
20m to 30m below the level of mineralization and form a relatively flat
37 | P age

contact with overlying sediments. This contact occurs at the 560m to 570m
elevation beneath the Sorpresa Zone.
Drill holes CC-15 and CC-63 intersected gold in limestone near the surface.
Both of these holes ended in large natural voids, possibly solution cavities
along the basement contact. Alluvium above the zone has placer potential as
seen in the 0.1 g/t Au to 0.2 g/t Au assays in some drill holes; plus the gold
anomaly in the soil shown by the geochemical survey.
38 | P age

8. Deposit Types
From Stone (2011):
The exploration model for Cerro Colorado that has been used by Sierra (now
Goldgroup) is the Kidston gold-silver deposit, Queensland, Australia (e.g.,
Baker and Andrew, 1991). The Kidston deposit was a significant gold
occurrence and contained high grade resources. The mineralization was hosted
within a trapezoid-shaped breccia pipe with surface dimensions of 1,100m
900m. Rhyolite dikes are spatially and temporally associated with the
mineralization and brecciation. The breccia formed by collapse and did not
reach the current land surface. At Kidston, mineralization that is not related to
the breccia (stockwork in host rhyolite) was uneconomic. The breccias at
Kidston coalesced at depth and formed a single mineralized system.
At Cerro Colorado, breccia-type targets occur within and along the margin of
the Cerro Colorado dome complex. At present, the known mineralized zones
at Cerro Colorado appear to be associated with the rhyolite/gneiss contact, the
rhyolite/limestone contact and the La Cienega fault. Mineralization can be
traced in outcropping brecciated rhyolite, generally within 200m of the
basement gneiss contact, from Sorpresa to the Harris mineralized zone
through Abejas and the southeast breccia zone to Obra X, a distance of
1,300m. Gold mineralization also occurs adjacent to or within structures in
zones of intense argillic alteration and silica flooding. Both styles of
mineralization are exposed and have been exploited at Cerro Colorado
39 | P age

9. Exploration
Goldgroup holds approximately 24,100 Hectares of mineral exploration concessions in
the area surrounding the Cerro Colorado mine site. Breccia zones along the margin of the
Cerro Colorado rhyolite dome complex provided the focal point for deposition of
mineralization by fluids using these breccias as conduits. Silica flooding as well as clay
alteration is also known to host mineralization. Historically these have been the target of
mining activity.
Telluris Consulting was retained in 2010 to conduct a field visit with focus on reviewing
existing mapping at the site and expand on the existing exploration model with particular
focus on the structural geology at Cerro Colorado. Work included geological and
structural interpretation of existing data, review of open pit mapping in an overall
geological context, and interpretation of the age dating work carried out previously by
Goldgroup and predecessor companies. Interpretation of regional magnetic data in
relation to regional and local geology was also completed.
An interpreted “ring type structure” has been noted northeast of Breccia Central pit and
north of the Obra X pit area. This structure has been recently drilled on its northern
margin where deeper, presently uneconomic mineralisation has been discovered. Further
drilling is planned in the centre and southern edge of the structure to check for
mineralisation at higher levels which may make the intercepts further to the north
economic.
As well a biogeochemical anomaly north of Breccia Central and northwest of Obra X
(see Figure 6) should be followed up to assess the potential for gold mineralization there.
However depth to bedrock in areas away from the main Cerro Colorado mine area may
be such that any mineralization discovered could be too deep to economically recover.
Further work is required to determine this.
Telluris Consulting (2010) also recommends looking at the “flat area of no exposure in
the middle of the range to the south of the Precambrian schists where several major
structurs are interpreted to intersect”. However this target area is not clearly defined
beyond this in the report. It is recommended that this, along with the other
recommendations in the Telluris Consulting report, be followed up to determine if other
more regional targets exist in the Cerro Colorado area.
40 | P age

10. Drilling
During late 2010 a total of 23 drill holes totaling 2,634 metres were completed at Cerro
Colorado using an open hole percussion drill. All drill holes were resource definition and
exploration holes. Significant intercepts include 36 metres of 0.46g/t Au (OX-20) and
18m of 0.48g/t Au (OX-16). Table 2 outlines significant intervals from the 2010 drill
program. Figure 11 shows drill hole collar locations for the 2010 and 2011 drill
programs.
Table 2: Significant 2010 drill program results
Year Hole ID
Depth From Depth To Au Grade
(m)
(m) (ppm)
Interval (m)
2010 OX-02 0.0 18.0 0.61 18.0
2010 OX-05 0.0 24.0 0.28 24.0
2010 OX-06 42.0 52.0 0.22 10.0
2010 OX-10 20.0 24.0 0.47 4.0
2010 OX-11 4.0 8.0 0.55 4.0
2010 OX-13 100.0 120.0 0.40 20.0
2010 OX-14
0.0 16.0 0.26 16.0
64.0 90.0 0.23 26.0
2010 OX-16 8.0 26.0 0.48 18.0
2010 OX-17 56.0 60.0 2.81 4.0
2010 OX-18 2.0 20.0 0.38 18.0
2010 OX-20 12.0 48.0 0.46 36.0
The drill program continued into 2011, with a total of 288 open hole percussion drill
holes totalling 29,731 metres completed over the course of the year. All drill holes were
resource definition and exploration holes. Significant intercepts include 26 metres of 5.87
g/t Au (BXC-188S), 50 metres of 3.99g/t Au (BXC-149S), and 26 metres of 4.98 g/t Au
(BXC-20). Table 3 outlines significant intervals from the 2011 drill program.
Table 3: Significant 2010-2011 drill program results
Year Hole ID
Depth From Depth To Au Grade
(m)
(m) (ppm)
Interval (m)
2011 BXC-4 12.0 16.0 0.55 4.0
2011 BXC-7 0.0 36.0 1.20 36.0
2011 BXC-10 104.0 112.0 0.46 8.0
2011 BXC-12
62.0 68.0 0.78 6.0
78.0 122.0 1.43 44.0
2011 BXC-13 52.0 74.0 0.35 22.0
46.0 64.0 0.25 18.0
2011 BXC-14
72.0 82.0 1.35 10.0
92.0 122.0 1.12 30.0
2011 BXC-17 70.0 120.0 1.20 50.0
2011 BXC-18 94.0 120.0 0.82 26.0
2011 BXC-19
48.0 64.0 6.14 16.0
74.0 102.0 1.43 28.0
2011 BXC-20 50.0 76.0 4.98 26.0
41 | P age

Year Hole ID
Depth From Depth To Au Grade
(m)
(m) (ppm)
Interval (m)
84.0 90.0 0.53 6.0
100.0 104.0 0.95 4.0
2011 BXC-21
48.0 96.0 1.67 48.0
108.0 110.0 0.74 2.0
2011 BXC-22
48.0 56.0 10.69 8.0
92.0 108.0 1.67 16.0
2011 BXC-25 68.0 90.0 0.84 22.0
2011 BXC-26 70.0 102.0 0.34 32.0
2011 BXC-27 114.0 118.0 0.55 4.0
2011 BXC-30 74.0 116.0 0.41 42.0
2011 BXC-31 86.0 116.0 0.23 30.0
2011 BXC-32 72.0 86.0 0.44 14.0
2011 BXC-33-N 34.0 56.0 0.41 22.0
2011 BXC-34-S
14.0 18.0 0.41 4.0
38.0 66.0 0.22 28.0
2011 BXC-34-V
22.0 32.0 2.08 10.0
62.0 74.0 0.37 12.0
2011 BXC-39-N 0.0 12.0 0.54 12.0
2011 BXC-39-V 0.0 14.0 0.47 14.0
0.0 14.0 0.37 14.0
2011 BXC-41-N
54.0 66.0 0.41 12.0
2011 BXC-41-V 0.0 26.0 0.41 26.0
2011 BXC-43-S 8.0 26.0 0.32 18.0
2011 BXC-43-V 14.0 26.0 0.32 12.0
2011 BXC-46-V
2011 BXC-47-V
2011 BXC-48-S
2011 BXC-49-N
0.0 4.0 1.05 4.0
114.0 120.0 0.79 6.0
0.0 24.0 0.30 24.0
58.0 76.0 0.26 18.0
56.0 70.0 0.24 14.0
78.0 88.0 0.23 10.0
6.0 22.0 0.33 16.0
44.0 48.0 0.81 4.0
58.0 96.0 0.46 38.0
2011 BXC-49-S 0.0 26.0 0.60 26.0
2011 BXC-49-V 0.0 44.0 0.73 44.0
2011 BXC-51-S 84.0 92.0 0.45 8.0
2011 BXC-54-N 30.0 36.0 0.71 6.0
2011 BXC-54-S 22.0 50.0 0.97 28.0
2011 BXC-55-N 18.0 36.0 0.31 18.0
2011 BXC-55-V 30.0 52.0 0.39 22.0
2011 BXC-71-S 96.0 104.0 0.67 8.0
2011 BXC-73-SE 70.0 106.0 0.41 36.0
2011 BXC-75 44.0 54.0 1.42 10.0
2011 BXC-79-N
38.0 56.0 0.35 18.0
76.0 94.0 0.56 18.0
106.0 110.0 0.63 4.0
2011 BXC-79-S 18.0 66.0 3.38 48.0
2011 BXC-79-V 22.0 50.0 0.36 28.0
2011 BXC-80-N 0.0 44.0 0.67 44.0
42 | P age

Year
Hole ID
2011 BXC-87
Depth From
(m)
Depth To Au Grade
(m) (ppm)
Interval (m)
6.0 22.0 0.37 16.0
40.0 44.0 0.76 4.0
2011 BXC-88 2.0 22.0 0.41 20.0
2011 BXC-89 30.0 38.0 1.53 8.0
2011 BXC-91 4.0 30.0 0.32 26.0
2011 BXC-103 40.0 106.0 0.95 66.0
2011 BXC-104
0.0 12.0 0.32 12.0
28.0 102.0 0.43 74.0
2011 BXC-105 44.0 64.0 1.07 20.0
2011 BXC-107 72.0 102.0 0.69 30.0
2011 BXC-107-S 26.0 40.0 0.44 14.0
2011 BXC-111-S
0.0 26.0 0.42 26.0
66.0 106.0 1.30 40.0
2011 BXC-111-V 20.0 32.0 2.08 12.0
2011 BXC-114-V 0.0 20.0 0.91 20.0
2011 BXC-116-S 96.0 104.0 0.60 8.0
2011 BXC-119-S 26.0 48.0 0.63 22.0
2011 BXC-121-S
0.0 22.0 0.51 22.0
76.0 106.0 2.15 30.0
2011 BXC-122-N
0.0 20.0 1.58 20.0
32.0 88.0 1.67 56.0
2011 BXC-123-V
0.0 22.0 1.40 22.0
96.0 106.0 2.57 10.0
2011 BXC-124-S 0.0 32.0 2.03 32.0
2011 BXC-126-S 28.0 96.0 0.34 68.0
2011 BXC-131-S 0.0 40.0 0.44 40.0
2011 BXC-134-S 80.0 102.0 0.46 22.0
2011 BXC-148-V 0.0 28.0 2.64 28.0
2011 BXC-149-S 0.0 50.0 3.99 50.0
0.0 32.0 2.68 32.0
2011 BXC-150-N
40.0 46.0 0.55 6.0
2011 BXC-153-N 24.0 34.0 0.44 10.0
2011 BXC-158-S 24.0 40.0 2.38 16.0
2011 BXC-159-V 20.0 34.0 0.43 14.0
2011 BXC-163-S 74.0 86.0 0.29 12.0
2011 BXC-168-V 96.0 106.0 0.26 10.0
2011 BXC-169-S 82.0 112.0 0.38 30.0
2011 BXC-170-V 98.0 108.0 0.57 10.0
2011 BXC-185-V 84.0 106.0 1.85 22.0
2011 BXC-186-S 48.0 106.0 0.64 58.0
2011 BXC-188-S
2011 BX-191-S
56.0 82.0 5.87 26.0
94.0 106.0 0.67 12.0
80.0 90.0 0.60 10.0
102.0 106.0 0.89 4.0
2011 BX-193-V 66.0 74.0 0.68 8.0
2011 BX-201-S 86.0 100.0 0.31 14.0
2011 BX-202-S 22.0 26.0 1.90 4.0
2011 BX-206-V
34.0 38.0 0.85 4.0
60.0 64.0 0.56 4.0
43 | P age

Year Hole ID
Depth From Depth To Au Grade
(m)
(m) (ppm)
Interval (m)
2011 BX-207-S 46.0 52.0 0.60 6.0
2011 BX-208-V 92.0 106.0 0.28 14.0
2011 BX-217-S 0.0 4.0 0.57 4.0
2011 BX-218-N 88.0 106.0 0.28 18.0
Drill holes were completed with dips ranging from -60 degrees to -90 degrees, generally
oriented perpendicular to the interpreted orientation of mineralization in the areas that
were drill tested. The true widths of mineralization range from 70 to 90% of the reported
widths. None of the drill results have been previously released.
While all drill collars have been surveyed, no down hole surveys have been carried out on
any of the drilling completed by Goldgroup or by predecessor companies. It is
recommended that down hole surveys be completed on all future drilling as a means to
determine downhole deviation relative to the collared azimuth and dip of the drill hole.
These deviations from the idealized drill hole orientation can have a significant impact on
the interpreted geology and orientation of mineralization in the geological model used to
generate the 3D model used to constrain mineralization.
As well, potential sampling issues such as cross contamination between samples and
representative sampling for each individual sampling can be introduced with open hole
percussion drilling. It is recommended that future drill programs be conducted using
either face return bit reverse circulation drilling or ideally diamond drilling in order to
minimize potential sample quality issues, as well as to maximize the geological
information generated by the exploration drilling. If diamond drilling is utilized, oriented
core readings should be carried out to better document and interpret mineralized
structures and veining encountered in the drilling.
Information on drill hole collar locations, drill hole depths and azimuths can be found in
Appendix 2.
44 | P age

Figure 11: Drill Hole Location Map, Cerro Colorado
45 | P age

11. Sample Preparation, Analyses and Security
All production blast holes are drilled with a track mounted blast hole rig (Figure 20),
while exploration drilling is generally done using open hole percussion drill rigs. Samples
from the blast-holes form a cone shaped pile around the hole as it is drilled. The entire
pile is collected and run through a riffle splitter to produce an approximately 3kg sample
for assay.
Each bag is labelled with the drill hole number and the bench where the sample was
collected. Each sample is given a sample number by the Geology Department. All
sample information is recorded in a field sample notebook and collected from the drill
site by the Geology Department.
During the 2010/2011 drilling campaign samples from the exploration drill were
collected over 2 metre down hole intervals via a cyclone connected by a flexible hose to
the drill hole collar. Material discharged from the bottom of the cyclone was collected in
20 litre buckets and riffle split to obtain a representative sample of approximately 3kg. A
sub-sample was collected from each sample bag, with each sub-sample then sieved and
washed and the coarse fraction stored in a numbered sample box. For information related
to the practices used on previous exploration drill programs refer to Stone (2011) for
more details.
This material is used as reference for geological descriptions (rock type, alteration,
mineralization, etc;). The samples were then bagged, labelled, sealed and taken to the
mine laboratory where they were dried and coarse crushed to minus 8mm. A 100 gram
sample is riffle split from the coarse fraction then pulverised to approximately 100 mesh
and analysed for gold by 30g fire assay with a gravimetric finish. The pulps are stored on
site for 3 to 6 months. Sample pulps from the mineralised intervals encountered during
this phase of drilling were subsequently analysed for gold by 30g fire assay including a
35 element ICP analysis by ALS Global in Vancouver.
The exploration drill was not operational during the author’s site visit in November 2011.
The author was unable to independently verify sampling procedures and is reliant upon
information received from Goldgroup personnel.
i) Sample Preparation Procedure at the On Site Laboratory
When the laboratory receives the samples from the field, the sample sequence numbers
are checked and noted in the laboratory’s log book. The samples are poured in a clean
steel tray which is dried for a period of two hours (the oven has been preheated for 1 hour
prior to the samples being inserted for drying). Once the sample has been dried for two
hours it is let cool for half an hour.
The dried sample is crushed in a roll crusher to ¼ inch nominal size. Subsequently the
sample is split 3 times to obtain 100 grams of material. This 100 gram sample is then
pulverized until it reaches a size of 80 mesh minimum. The final step in the preparation
46 | P age

has the sample stored in a paper envelope with the corresponding number of the sequence
of chemical laboratory work.
All drill-hole samples from exploration drilling are analyzed by fire assay. The Geology
Department is responsible for inserting blanks and standards to assure that the fire assays
are representative of the lot being assayed. The samples are dried, split, pulverized,
weighed and fluxed for fire assay, cupelled, and weighed on the microbalance to
determine the grade of each sample. Samples shipped to the external laboratory are
shipped in sealed bags for analysis by fire assay.
Quality assurance and quality control (“QAQC”) procedures have not been regularly
utilized in the past at Cerro Colorado. Previously the internal QAQC procedures of the
external laboratory was the only QAQC inserted in the sample sequences. Currently
commercially prepared standards and blanks are being analyzed on an ongoing basis at
the on-site laboratory in addition to duplicate pulp samples. The data available shows an
acceptable level of accuracy and precision in the internal laboratory. However QAQC
samples are not inserted with each batch that is assayed. It would be advisable to ensure
that each sample batch has at least one QAQC sample inserted to increase the level of
confidence in the results of each batch analysis.
QAQC procedures for exploration drilling assays at Cerro Colorado should be improved
and updated to the standards currently in general use in the mining industry. These
procedures should include routine analysis of variable grade gold standards, blanks and
duplicates inserted at more frequent, regular intervals in the sample stream prior to arrival
at the laboratory. Duplicate samples should also be taken from the coarse reject material,
not only from the prepared pulps.
It is the opinion of the author that the sample preparation and assay protocols and
procedures employed by Goldgroup and the external laboratories (IPL and ALS) are
suitable for the types of samples and elemental analysis being carried out. The QAQC
procedures should be upgraded as outlined above to bring further confidence in the assay
results.
47 | P age

12. Data Verification
i) Site Visit, November 2011
Marc Simpson completed an on-site field visit to the Cerro Colorado Mine area on
November 29, 2011, accompanied by Kevin Sullivan, Vice President Exploration and
Omar Felix, Senior Geologist, both from Goldgroup.
During the site visit the author was able to verify drill collar locations, visit the various
active open pit areas, visit the processing plant and gold pour room as well as visit the
mine and exploration offices on site. There was no active exploration drilling taking place
during the author’s site visit, and no drill samples were collected. Examples of the
various ore types were collected from the active open pit areas but these were not
submitted for assay.
It is the authors opinion that the mine production records show reasonable correlation
with the geological model. Grade correlation between mine production blast hole records
and exploration drill hole records show reasonable correlation as well. Refer to Section
14(i) for further discussion.
48 | P age

13. Mineral Processing and Metallurgical Testing
i) Historic
From Stone (2011);
A total of 13 column leach tests were undertaken using percussion drill chips
from the Laramide drilling and dump material left at the surface from the old
mine workings. The tests ranged in size from 4 kg in 100 mm diameter
columns, up to 200 kg in 2m x 300 mm diameter columns. Gold recoveries
ranged from 81% to 99% based on the leach recovery and final tails assay.
Leach times were generally less than 120 days except in three cases (Tests 5,
6 and 7), where the sample material was crushed to minus 6 mm and
extremely slow solution percolation was encountered. Test 10 also resulted in
a slow leach time of 203 days on lower grade coarse dump material.
Based on the Sorpresa infill drilling and the column leach test results a
decision was made in May 2001 to start a heap leach mining operation,
initially in the Sorpresa mineralized zone, expanding into Harris - Abejas
areas and later to open up the Breccia Central and Obra X mineralized zones.
Mine construction began in mid 2001 and was completed by February 2003.
During the first phase of mining a trial heap of 90,000 tonnes of mineralized
material with an average grade of 1.24 g/t Au was placed on the pad at a crush
size of minus 90 mm with the addition of 1.5 kg of lime per tonne of rock.
Leaching commenced in March 2003 using a cyanide concentration in
solution of 150 ppm at a pH of 10.5. Gold recovery from this initial trial heap
was 67%. Mining recommenced in December 2003 using a secondary cone
crusher to reduce the crush size to minus 45 mm but due to insufficient capital
the secondary crushing circuit could not be maintained in operation. At the
same time cyanide strength was increased and additional side-slope heap
sprinkling was commenced. Recoveries appeared to be faster from the crushed
material.
ii) Present Processing and Metallurgical Testing
a. Processing and Metallurgical Information
Currently the Process Department at Cerro Colorado includes a process plant and leach
pad operation as well as an on-site laboratory. The on-site laboratory provides data for
grade control in the pit(s), metallurgical test columns for ongoing recovery profiles, and
solution assays for monitoring the performance of the process plant. Standard carbon
adsorption/desorption circuits are used in the process plant. The leach pad is a
combination of mineralized material sourced directly from the pit(s) run of mine
(“ROM”) and crushed material which is sprayed with a weak cyanide solution containing
approximately 300 ppm cyanide. Cyanide solutions are kept within the enclosed loop
circuit via high-density polyurethane (“HDPE”) liner for all leach pads and process
ponds. The material put on the pads is typically oxidized.
49 | P age

. Ore Processing
Crushed ore is hauled to the leach pad in 35 and 50 tonne trucks from the crusher stock
pile. The mineralized material is stacked in 5 metre lifts (Figures 25 to 28), ripped, and
then cyanide solution is applied (Figures 27 and 28) to remove the precious metals from
the rock.
The cyanide solution distribution system contains 300 ppm of cyanide and is distributed
via a network of wobbler sprayers over the entire surface area of truck dumped rock. The
spray application rate is 10 litres per hour per square metre. Solutions percolate slowly
through the rock, come in contact with the HPDE liner for gravity return to major
collection points, and are now ready for processing at the carbon adsorption plant. This
pregnant solution passes through the adsorption circuit for precious metal removal,
returns to the barren pond where cyanide is added to bring the pH back up to the desired
range noted above, and then sprayed back on top of the pad to complete the closed loop
cycle of cyanide solutions.
c. Plant Performance
The plant performance is summarized below:
• One pregnant pond with 7.5 million litre capacity
• One barren pond with 10.0 million litre capacity
• Adsorption Circuit: ten circuits with three carbon adsorption columns per circuit –
30 columns total with 0.5 tonne carbon per circuit for a total of 15 tons of carbon online
with solution capacity of 10,000 tonnes per day (“tpd”; 1,000 tonnes per circuit)
• Desorption circuit: ten column strip @ 60 hour per strip; equates to 5 tonnes
carbon desorption per 60 hrs. atmospheric strip with two 970,000 btu boilers (propane)
• EW cells: capacity of 75 cubic feet
• Refinery furnace: propane furnace with 40 kg. capacity
• Spray pump capacity of 17,739 tpd. is distributed via four 75hp pumps.
Ponds: The same pregnant and barren ponds noted above are still online to complete the
existing leaching required from the old leach pad. A new process pond, constructed
below the new pad, was designed to operate as overflow catchment during storm events
or pump failure. Pond capacity is 10 million litres.
Normal operation is for this pond to be empty. There is a small pond at the head of this
process pond where solutions pool for pick up via the plant feed pump(s) to pump
solution directly to the six circuits (three columns per circuit) in the adsorption plant
noted below. This small pond is continually being fed by pregnant solutions exiting the
leach pad and has a capacity of 16-20 cubic metres of solution.
Adsorption circuit: Ten circuits total; six circuits of three columns per circuit with four
circuits of three columns each. A total of 30 columns are dedicated to the new leach pad
for a total of 15 tonnes carbon online for gold recovery from pregnant solution from the
new pad. Total solution capacity is rated at 10,000 tpd.
50 | P age

Desorption Circuit: Two five column strip circuits each with boiler and electro-winning
(EW) cell for gold recovery.
Electro-winning cells: Two (EW) cells each with a capacity of 75 cubic feet. Electrowinning
was expanded because the 50 cubic foot cell box was barely able to keep up to
production at a rate of 1,600 to 1,800 ounces per month and required extensive repairs.
Due to the condition of the 50 cubic foot box it was determined to de-commission this
unit as opposed to repairing it. With the two cell boxes operating, one can be dedicated to
each boiler circuit.
Refinery: A new propane smelting furnace was purchased to replace the outdated electric
furnace used previously.
Barren solution: Barren solutions from the new carbon plant exits into a barren tank.
Cyanide is added to this tank to bring cyanide levels back up to the 300 ppm range and
four barren pumps then pump solution directly back to the new leach pad. One pump in
the barren pond pumps solution directly to the old leach pad while three other pumps in
the barren pond/tank pump solution to the new pad surface areas. Total barren solution
capacity is rated at 17,739 tpd utilizing four pumps.
Overall the new leach pad has been designed to operate without the use of storage ponds.
The only requirements of ponds in this scenario are for pump failures or major storm
events that exceed the capacity of the barren tank or small pond in front of the process
pond. Therefore the process pond can be considered a contingency pond and reduces the
capital requirements of building a special pond for this function.
d. Plant flow sheet description
From Stone (2011)
Solution Flow: Barren solution is pumped from the barren pond to the heap
leach pad(s) (Figure 16-4). The piping for this system includes main
distribution header pipes of 8 inch yelomine pipe which distribute solution
from the pond to the base of the pad. The solution next reports to a network of
4 inch, HDPE pipes. These 4 inch pipes distribute solution up the side slope of
the leach pad to different areas of the leach pad that require spraying. Once
solution is on the upper most level of the pad, piping changes to four inch
yelomine, with a two inch tee every 6 metres. The 2 inch yelomine laterals
which run perpendicular to the 4 inch yelomine, distribute solution over the
entire area under leach. Wobblers on a 6m spacing, or one per 36 square
metres, distribute solution at the rate of 10 gallons per hour per metre squared.
Yelomine pipe is used for ease of assembly/disassembly as required for
placing additional lifts on the pad.
Barren solution then percolates slowly through the pad, extracting gold from
the rock. When this pregnant solution exits the pad it is ready for processing
in the carbon adsorption circuit. Pregnant solution is pumped into the carbon
51 | P age

adsorption train for precious metal removal. Upon passing through the
adsorption circuit, the solution is considered barren and returns to the barren
pond for pumping back up to the leach pad to keep all solutions in a closed
loop.
Carbon Flow Circuit: The carbon circuits are standard, gravity flow carbon adsorption
trains commonly used in the mining industry (Figure 16-4). Each circuit of the ten
circuits in the plant contain three columns each with a 0.5 tonne processing capacity per
column. Solution flows via gravity through each column while the carbon movement is
counter-current to the flow and moves up the train as the upper most column is removed
for precious metal recovery at the desorption circuit.
From Stone (2011):
In the desorption circuit the precious metals are removed from the carbon. An
atmospheric strip is conducted using a boiler to raise the temperature to a
point directly below the boiling point for water (207o F at the elevation of
Cerro Colorado). The eluate used in the strip is a solution containing 1.0%-
1.5% NaOH and 0.1% NaCN. This eluate then passes through the EW circuit
where the precious metals are transferred to the cathodes. Once the
desorption-circuit is completed, carbon is returned to the bottom circuit in the
adsorption train to begin reloading of the carbon again with precious metals.
Since Cerro Colorado does not have an acid wash or regeneration kiln, carbon
is used for approximately five strips before being replaced. The spent carbon
is accumulated until a truck load is available for shipment off-site for final
extraction of any remaining precious metals on the carbon.
Electro-winning Cells: The eluate from the desorption-circuit passes through
the EW cells and transfers the precious metals to the cathodes (Figure 16-4).
Cathodes are removed bi-daily, washed of the accumulated sludge
(precipitate) and then returned to the cell for additional loading. The cathodes
are of stainless steel mesh and can be reused until the mesh becomes too
brittle and begins to fall apart. Spent eluate is discharged into the pregnant
pond and becomes part of the process solution circuit.
Refinery: The precipitate removed from the cathodes is dried and accumulated
for smelting (Figure 12). Every 7-10 days a smelt is carried out. Flux is added
to the precipitate and placed in the smelting furnace. When temperatures reach
2,000 °F, the liquid is poured into standard 1,000 ounce bar moulds. Slag is
removed and stored for later shipment to offsite facilities for final extraction
of precious metals. The remaining doré metal is weighed and shipped via
armoured car to a refinery in the United States for further processing. Once
the metal reaches the third party refinery, Cerro Colorado can sell the doré.
Pin samples or drill cuttings are taken with each smelt and assayed at the
onsite lab. These assays are compared to the doré assays results from the
52 | P age

offsite refinery as part of an internal check process. Discrepancies, if any, are
followed up with the refiner.
ROM Ore
Lime Addition
Barren Sol'n
Waste Dump
Waste
Ore Requiring
Crushing
Crusher
Leach Pad
Stripped Carbon
Pregnant Sol'n
Spent Carbon
Process Plant
Process Plant
Shipped offsite for final precious metal recovery Carbon Loaded Carbon Carbon Barren Sol'n
Desorption
Adsorption
Barren Tank
or Barren Pond
Cyanide addition
make up fresh water
Pregnant eluate
Barren eluate
Flux
EW Cells Smelting furnace Doré
Doré shipped offsite for final treatment
Slag
Shipped offsite for final treatment
REVENUE
Figure 12: Process diagram for gold production at Cerro Colorado. From Stone (2011)
Crushing: The crushing plant consists of a primary and secondary crusher. The crusher is
owned and operated by Goldgroup (Figures 23 and 24).
Primary crusher: The primary crusher has the capabilities to reduce rock size from a
nominal 12 inches down to a 4 inch angular crush size. Mineralized material is fed into
the primary crusher with a Caterpillar (“CAT”) 988 front end loader from the crusher
stockpile.
Secondary crusher and screen deck: The screen deck removes all material that meets
product size with the balance reporting to the secondary crusher. The secondary crusher
reduces material from a nominal 4 inch crush size down to a P80 of minus one inch. The
system is setup for single pass through the secondary with all material reporting to the
final product belt.
Conveying: Conveyors connect the primary, secondary, and final product belts to the fine
sized stockpile. The fine stockpile is then truck hauled to the leach pad.
Power Supply: The crusher and all conveyors are operated by the on-site 1250kW
generator.
e. Heap Pads (pad design)
From Stone (2011)
53 | P age

Leach Pad:
A. Top soil removed and stockpiled for future reclamation.
B. Dozer or blade work as needed to bring base to desired elevation.
C. Compacted base; base is checked for compaction by outside party.
D. Base is prepared so gravity drainage occurs; topography for the new pad
allowed for overall gradients to be between 1-2%.
E. HDPE 80 mil liner placed over compacted base material; all sheets double
seem welded and checked via air pressure tests; extrusion welding competed
as needed at liner intersections.
F. Area tailings are placed on top the liner as a protective layer.
G. Three inch and six inch ADS drainage pipe is placed on top of the tailings
to drain solutions into the drainage canal.
H. Mineralized material is placed in 3-5m lifts.
I. Each lift steps in so a final reclaimed slope of 2:1 can be achieved during
the reclamation stage.
Ponds:
A. Ponds are constructed with double containment liner and a leak detection
system between the two liners.
B. Base liner is 40 mil HDPE
C. Top liner is 60 mil HDPE.
Leaching (chemical process)
Lime: Crushed material has lime added after the secondary crusher in volume needed to
keep the pad PH at acceptable levels.
Cyanide: Sodium cyanide (“CN”) is batch mixed on site using 100 kg barrels to create a
25% solution in the batch tank. CN from the batch tank is then fed directly into the pump
suction to maintain the CN levels in the leach solution in the range of 300 ppm.
Application Rate: The barren solution is applied at a rate of 10 litres per hour per square
metre of rock.
54 | P age

f. Monitoring daily control
From Stone (2011):
Solution samples are taken every four hours from the following areas and read
on the atomic absorption (“AA”) instrument at the lab: each carbon column in
the adsorption circuit, each column in the desorption circuit, EW cell tail
sample, plant feed head and tail samples, and each six inch ADS drain pipe
that was placed on the liner. Flow meter readings are taken every four hours
on the adsorption circuit with daily readings taken on each barren pump. This
data is collected and complied on a daily plant report(s) and then distributed to
all senior managers. The following data is part of the daily reporting process;
gold production from the adsorption desorption circuits, flow meter readings
on the pregnant/barren circuits, fresh water consumption, reagent usage and
inventory levels, solution pH and CN levels and boiler temperature
performance. Additional data is collected from the refinery whenever the EW
cells are cleaned or a smelt is taking place.
g. Gold Analysis
(a)
Fire assay
Ore control: All drill-hole samples from the pit are analyzed by fire assay. The
Geology Department is responsible for inserting blanks and standards to
assure that the fire assays are representative of the lot being assayed. The
samples are dried, split, pulverized, weighed and fluxed for fire assay,
cupelled, and weighed on the microbalance to determine the grade of each
sample.
Carbon assays: Carbon assays are completed in a separate furnace dedicated
to this task so cross contamination does not occur in the main fire assay
furnace.
Micro balance room: A new micro balance was purchased in 2008 along with
a new vibration dampening table.
(b)
Wet Lab
The wet lab includes an AA instrument, fume hoods and other necessary gear
to carry out the functions required for solution assay from the plant. A new
electronic pH meter was purchased in 2008. Capital dollars have been allotted
for purchasing a new AA machine in 2009.
(c)
Metallurgy Lab
55 | P age

Column leach tests: There are 10 leach columns set up for metallurgical
testing of Au recoveries. The columns are 200mm by 2m in height and can
hold a 40 kg charge. The on-site metallurgist is responsible for the column
data and reporting. The Geology Department is responsible for collecting
samples for the column leach tests as required.
Bottle rolls: Bottle rolls can be conducted as required. Currently (2012) the site is
carrying out a campaign of bottle roll testing on all ore coming from the active pits in the
mine.
56 | P age

14. MINERAL RESOURCE ESTIMATION
At the request of Mr. Kevin Sullivan, VP Exploration for Goldgroup Mining Inc., Giroux
Consultants Ltd. was retained to produce a resource estimate on the Cerro Colorado Mine
in Northern Sonora, Mexico. The resource is based on 821 surface drill holes and 68,285
blast holes. The effective date for this resource is March 31, 2012.
G.H. Giroux is the qualified person responsible for the resource estimate. Mr. Giroux is a
qualified person by virtue of education, experience and membership in a professional
association. He is independent of Goldgroup applying all of the tests in section 1.5 of
National Instrument 43-101. Mr. Giroux has not visited the property.
i) Data Analysis
The provided data included 821 surface diamond drill holes with 821 down hole surveys
and 46,141 assays. In addition a total of 68,285 blast hole assays were provided. In 283
samples where Au was reported as a blank or as 0.000 g/t Au was set to 0.001 g/t.
Figure 13: Isometric view looking north showing Feb. Topography and mineralized solids
Senior Geologist Omar Felix created three dimensional solids in Surpac Software to
constrain the mineralized zones. These were provided as dxf files. Assays from both drill
holes and blast holes were back tagged if inside these mineralized solids. Figure 13
shows the mineralized solids. Appendix 1 lists all drill holes provided for this study and
highlights the 397 drill holes totalling 43,356 m that intersect the mineralized solids.
In order to determine if any bias existed between the drill hole samples and blast hole
samples, the results were compared using lognormal cumulative frequency plots for all
samples and then for all samples within the mineralized zones. The comparison was made
in areas with both sample types represented (Figure 14).
57 | P age

Lognormal cumulative frequency plots were produced for all samples (Figure 15) and
then all samples within the mineralized zones (Figure 16) from areas containing both
blast hole and drill hole assays. For all samples no bias is indicated with blast holes
slightly higher in samples below 0.3 g/t Au. This is partly due to the blast holes being
within the higher grade mined out areas. When only the assays within the mineralized
solids were plotted (Figure 16) the comparison is better with no bias indicated.
3344600N
420000E
420100E
420200E
420300E
420400E
420500E
420600E
420700E
420800E
420900E
421000E
421100E
3344600N
3344500N
3344500N
Drill Hol e Gol d
3344400N
3344400N
3344300N
3344300N
3344200N
3344200N
Bl ast Hol e Gol d
3344100N
3344100N
3344000N
3344000N
3343900N
3343900N
3343800N
3343800N
420000E
420100E
420200E
420300E
420400E
420500E
420600E
420700E
420800E
420900E
421000E
421100E
3343700N
420000E
420100E
420200E
420300E
420400E
420500E
420600E
420700E
420800E
420900E
421000E
421100E
3343700N
400
400
500
500
600
600
700
700
420000E
420100E
420200E
420300E
420400E
420500E
420600E
420700E
420800E
420900E
421000E
421100E
Figure 14: Plan and front section showing blast holes in blue and drill hole assays in red
58 | P age

99. 9
5
5
5
1
0
10 2
99. 5
99. 0
95
90
5
80
1
70
0
60
50
40
30
20
1. 0
0. 5
0. 1
10 2
10 1
0 1
(
)
g/t
Au
1
10 -1
Drill Hol e Gol d
Bl ast Hol e Gol d
1
10 -1
1
10 -2
10 -2
10 -3
99. 9
99. 5
99. 0
95
90
80
70
60
Percent
50
40
30
20
10
BLAST HOLES VS DRI LL HOLES - AU
(
g/t
)
1. 0
0. 5
0. 1
All Sa mpl es
10 -3
Figure 15: Lognormal Cumulative Frequency Plot for All Samples
99. 9
10 2
99. 5
99. 0
95
90
80
70
60
50
40
30
20
1. 0
0. 5
0. 1
10 2
101
0 1
Drill Hol e Gol d
(
)
g/t
Au
1
10 -1
Bl ast Hol e Gol d
1
10 -1
1
10 -2
10 -2
10 -3
99. 9
99. 5
99. 0
95
90
80
70
60
Percent
BLAST HOLES VS DRI LL HOLES - AU
50
40
30
(
20
g/t
)
10
1. 0
0. 5
0. 1
10 -3
Wit hi n Mi nerali zed Soli ds
Figure 16: Lognormal Cumulative Frequency Plot for All Samples within Mineralized Solids
59 | P age

Table 4 reports the statistics for assays from both surface drill holes and production blast
holes that were within the mineralized solids.
Table 4: Gold assay statistics for samples within the mineralized solids
Drill Hole
Au (g/t)
Blast Hole
Au (g/t)
Number of Assays 6,337 6,546
Mean Grade 0.602 0.519
Standard Deviation 1.708 0.866
Minimum Value 0.001 0.001
Maximum Value 69.70 20.60
Coefficient of Variation 2.83 1.67
The gold grade distribution for all assays within the mineralized solids can be shown on a
lognormal cumulative frequency plot (Figure 17). It shows a total of 6 overlapping
lognormal populations (open circles on plot) which when combined make up the
distribution of gold within the mineralized solids. The individual populations are
tabulated below.
Table 5: Gold populations present within mineralized solids
Population Mean Au (g/t) Percentage of
Total
Number of
Assays
1 68.22 0.02 % 3
2 13.89 0.29 % 37
3 2.88 6.67 % 859
4 0.30 65.52 % 8,441
5 0.09 16.54 % 2,131
6 0.01 10.96 % 1,412
Populations 1 representing 0.02 % of the total data, are widely scattered throughout the
solids and represent erratic outliers. A cap of two standard deviations below the mean of
population 1, a value of 15 g/t Au would be an effective cap level. A total of 7 gold
assays within the mineralized solids were capped at 15 g/t Au. Table 6 shows the results
from capping.
Table 6: Capped Gold assay statistics for samples within the mineralized solids
Drill Hole
Au (g/t)
Blast Hole
Au (g/t)
Number of Assays 6,337 6,546
Mean Grade 0.589 0.518
Standard Deviation 1.416 0.849
Minimum Value 0.001 0.001
Maximum Value 15.00 15.00
Coefficient of Variation 2.40 1.64
60 | P age

Figure 17: Lognormal Cumulative Frequency Plot for Au within Mineralized Solids
ii)
Composites
The drill holes and blast holes were passed through the mineralized solids with the point
at which each hole entered and left the solids recorded. Intervals outside the solids were
considered waste. Uniform 5 m composite were produced that honoured the solid
boundaries. Small intervals less than 2.5 m at the boundary of the solids were combined
with adjoining samples to produce a composite file of uniform support, 5±2.5 m. The
statistics for 5 m composites are tabulated below. Blast holes less than 2.5 m in length
were removed as were those greater than 7.5 m.
Table 7: Gold statistics for 5 m Composites inside and outside the mineralized solids
Within Mineralized
Solids Au (g/t)
Outside Mineralized
Solids Au (g/t)
Number of Assays 8,738 65,458
Mean Grade 0.518 0.274
Standard Deviation 0.873 0.591
Minimum Value 0.001 0.001
Maximum Value 15.00 12.00
Coefficient of Variation 1.68 2.16
It should be noted that the statistics for areas outside the mineralized solids include blast
holes and drill hole samples above the existing solids so there is significant grade
represented in these samples that corresponds to material already mined.
61 | P age

iii)
Variography
Pairwise relative semivariograms were used to test the grade continuity at Cerro
Colorado. A geometric anisotropy was observed. The down hole vertical direction was
first modelled to establish the sill and nugget effect. Within the horizontal plane models
were produced along azimuths 90 o , 0 o , 45 o and 135 o . The longest ranges for gold
continuity were seen along azimuths 90 o and 45 o . Next azimuths between 45 o and 90 o
were tested with the longest range of 96 m found along azimuth 75 o dip 0 o . The vertical
plane perpendicular to azimuth 75 o was then tested and all ranges were shorter than the
range found in the vertical direction. Finally the orthogonal direction to azimuth 75 o
namely 345 o dip 0 o was modelled. In general the nugget to sill ratio of 46 % is fairly high
indicating high sampling variability. Nested spherical models were fit to all directions
with the semivariogram parameters tabulated below and the models uses attached as
Appendix 2.
A simple isotropic spherical model was fit to gold in waste.
Table 8: Semivariogram parameters for gold
Short Range Long Range
Variable Az / Dip C 0 C 1 C 2
(m)
(m)
Au in Mineralized 075 o / 0 o 0.30 0.19 0.16 15.0 96.0
Solid
345 o / 0 o 0.30 0.19 0.16 15.0 40.0
0 o / -90 o 0.30 0.19 0.16 20.0 30.0
Au in Waste Omni Directional 0.21 0.31 0.35 22.0 100.0
iv)
Block Model
A block model with blocks 5 x 5 x 5 m in dimension was superimposed over the
mineralized solids with the percent below current topography (February 2012) and the
percentage within mineralized solids recorded for each block. The block model origin is
shown below.
Lower Left Corner of Model
419975 E Column size = 5 m 234 columns
3343790 N Row size = 5 m 164 rows
Top of Model
760 Elevation Level size = 5 m 58 levels
No Rotation
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Figure 18: Isometric view looking NE showing blocks below current topography in white and mineralized solids
in red
v) Bulk Density
The only specific gravity supplied for this deposit came from the last 43-101 report
(Stone, 2011). Specific gravities were reported for 5 different areas of the deposit and
separated into mineralized (≥ 0.20 g/t Au) and waste (< 0.20 g/t Au).
The appropriate specific gravities were assigned to blocks based on the open pit mine
areas as shown in Figure 19. The total SG for the block was a weighted average. It is
recommended that more specific gravity determinations be made and the relationship
between grade and density be better quantified.
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Figure 19: Plan view showing various sample areas (Stone, 2011)
Table 9: Specific gravities used in the 2009 resource model (Stone, 2011)
Pit Area ≥ 0.2 g/t Au < 0.2 g/t Au
Harris 2.66 2.57
Abejas 2.66 2.57
Sopresa 2.66 2.57
Brecha Central 2.59 2.36
Obra X 2.67 2.60
vi)
Grade Interpolation
Gold grades were interpolated into all blocks with some percentage below surface
topography and some percentage within the mineralized solids by Ordinary Kriging. The
kriging procedure used only composites from within the mineralized solids to determine
the grade for the mineralized part of a block. The kriging exercise was completed in 4
passes with each pass using a search ellipse oriented and dimensioned by the
semivariogram parameters. For pass 1 the search ellipse was set with radius equal to ¼
the semivariogram range in each of the three principal directions and centered on the
block to be determined. A minimum of 4 composites were required to be within this
ellipse to estimate a block. For blocks not estimated in pass 1 a second pass was
completed with a search ellipse radius expanded to ½ the semivariogram range. A third
pass using the full range and a fourth pass using twice the range completed the exercise.
In all passes the maximum number of composites allowed was set to 12 with a maximum
of 3 from any one drill hole.
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For estimated blocks with some percentage of material outside the mineralized solids, the
waste component of the block was estimated in a similar manner using composites from
outside the mineralized solids.
The total grade for the block was a weighted average of the mineralized and waste
portions. The search parameters along with the number of blocks estimated in each pass
are tabulated below.
Table 10: Kriging search parameters for gold
Domain Pass Number
Estimated
Az / Dip Dist.
(m)
Az / Dip Dist.
(m)
Az / Dip Dist.
(m)
Mineralized 1 5,870 075 / 0 24.0 345 / 0 10.0 0 / -90 7.5
Solids 2 18,528 075 / 0 48.0 345 / 0 20.0 0 / -90 15.0
3 21,464 075 / 0 96.0 345 / 0 40.0 0 / -90 30.0
4 9,550 075 / 0 192.0 345 / 0 80.0 0 / -90 60.0
Waste 1 22,436 Omni Directional 25.0
2 14,096 Omni Directional 50.0
3 5,708 Omni Directional 100.0
4 31 Omni Directional 200.0
vii)
Classification
Based on the study herein reported, delineated mineralization at the Cerro Colorado
Deposit is classified as a resource according to the following definitions from National
Instrument 43-101 and from CIM (2005):
“In this Instrument, the terms "mineral resource", "inferred mineral resource",
"indicated mineral resource" and "measured mineral resource" have the
meanings ascribed to those terms by the Canadian Institute of Mining, Metallurgy
and Petroleum, as the CIM Definition Standards on Mineral Resources and
Mineral Reserves adopted by CIM Council, as those definitions may be
amended.”
The terms Measured, Indicated and Inferred are defined by CIM (2005) as follows:
“A Mineral Resource is a concentration or occurrence of diamonds, natural
solid inorganic material, or natural solid fossilized organic material including
base and precious metals, coal and industrial minerals in or on the Earth’s crust
in such form and quantity and of such a grade or quality that it has reasonable
prospects for economic extraction. The location, quantity, grade, geological
characteristics and continuity of a Mineral Resource are known, estimated or
interpreted from specific geological evidence and knowledge.”
“The term Mineral Resource covers mineralization and natural material of
intrinsic economic interest which has been identified and estimated through
exploration and sampling and within which Mineral Reserves may subsequently
be defined by the consideration and application of technical, economic, legal,
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environmental, socio-economic and governmental factors. The phrase
‘reasonable prospects for economic extraction’ implies a judgement by the
Qualified Person in respect of the technical and economic factors likely to
influence the prospect of economic extraction. A Mineral Resource is an
inventory of mineralization that under realistically assumed and justifiable
technical and economic conditions might become economically extractable.
These assumptions must be presented explicitly in both public and technical
reports.”
Inferred Mineral Resource
“An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which
quantity and grade or quality can be estimated on the basis of geological
evidence and limited sampling and reasonably assumed, but not verified,
geological and grade continuity. The estimate is based on limited information
and sampling gathered through appropriate techniques from locations such as
outcrops, trenches, workings and drill holes.”
“Due to the uncertainty that may be attached to Inferred Mineral Resources,
it cannot be assumed that all or any part of an Inferred Mineral Resource will be
upgraded to an Indicated or Measured Mineral Resource as a result of continued
exploration. Confidence in the estimate is insufficient to allow the meaningful
application of technical and economic parameters or to enable an evaluation of
economic viability worthy of public disclosure. Inferred Mineral Resources must
be excluded from estimates forming the basis of feasibility or other economic
studies.”
Geologic continuity has been established through drill core logging and geologic
mapping. The geologic solid is used to constrain the resource estimate. Grade continuity
can be quantified by the semivariogram for gold. By tying the search ellipse to the
semivariogram range, the blocks estimated in the better sampled near surface areas and
estimated in pass 1 were classified as measured. Blocks estimated in pass 2, using up to
½ the semivariogram range, were classified as indicated. All other blocks were classified
as inferred.
The results are presented in two sets of tables:
- Tables 11 to 14 report the resource within the mineralized portions of blocks. This
is the resource one could expect if one could mine to the limits of the mineralized
solid. In other words no external dilution has been added.
- Tables 15 to 18 report the resource present within total blocks. This assumes one
would mine the entire 5 x 5 x 5 m block and contains the associated edge dilution
around the outlines of the mineralized solid.
In reality the resource that could be mined is probably between these two extremes as no
one could mine to the limits of the interpreted solids but with proper grade control one
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would never take all the waste built into the diluted model. As the present cut-off in the
open pit is 0.2 g/t that cut-off has been highlighted in the Tables.
Table 11: Measured Resource in Mineralized Portion of Blocks
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
0.10 1,030,000 0.48 16,000
0.15 860,000 0.55 15,000
0.20 720,000 0.62 14,000
0.25 630,000 0.68 14,000
0.30 540,000 0.75 13,000
Table 12: Indicated Resource in Mineralized Portion of Blocks
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
0.10 2,770,000 0.39 34,000
0.15 2,270,000 0.44 32,000
0.20 1,860,000 0.51 30,000
0.25 1,530,000 0.57 28,000
0.30 1,260,000 0.63 25,000
Table 13: Measured plus Indicated Resource in Mineralized Portion of Blocks
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
0.10 3,800,000 0.41 50,000
0.15 3,140,000 0.47 48,000
0.20 2,580,000 0.54 44,000
0.25 2,150,000 0.60 41,000
0.30 1,790,000 0.66 38,000
Table 14: Inferred Resource in Mineralized Portion of Blocks
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
0.10 4,110,000 0.46 61,000
0.15 3,590,000 0.51 59,000
0.20 3,050,000 0.57 56,000
0.25 2,720,000 0.62 54,000
0.30 2,400,000 0.66 51,000
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Table 15: Measured Resource in Total Blocks
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
Table 16: Indicated Resource in Total Blocks
0.10 1,350,000 0.42 18,000
0.15 1,100,000 0.49 17,000
0.20 900,000 0.56 16,000
0.25 740,000 0.64 15,000
0.30 620,000 0.71 14,000
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
0.10 4,380,000 0.33 47,000
0.15 3,400,000 0.39 43,000
0.20 2,630,000 0.46 39,000
0.25 2,040,000 0.53 34,000
0.30 1,590,000 0.60 30,000
Table 17: Measured plus Indicated Resource in Total Blocks
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
0.10 5,730,000 0.35 65,000
0.15 4,500,000 0.42 60,000
0.20 3,520,000 0.48 55,000
0.25 2,780,000 0.55 50,000
0.30 2,200,000 0.63 44,000
Table 18: Inferred Resource in Total Blocks
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t) (tonnes) Au (g/t) Au (ozs)
0.10 7,580,000 0.34 83,000
0.15 5,770,000 0.41 76,000
0.20 4,380,000 0.49 68,000
0.25 3,500,000 0.55 62,000
0.30 2,940,000 0.60 57,000
viii)
Block Model Verification
In order to verify the block model level plans were produced throughout the deposit
showing the kriged gold grades and classification and composites from 10 m above the
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ench to 10 m below. Blocks and composites are colour coded by gold grade. In general
the block model appears to match the composites well with no bias indicated. Figures
20 to 24 show levels through the block model.
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Figure 20: Level plan showing 560 level with gold grades and classification shown
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Figure 21: Level plan showing 570 Level with gold grades and classification shown
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Figure 22:Level plan showing 580 Level with gold grades and classification shown
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Figure 23: Level plan showing 590 Level with gold grades and classification shown
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Figure 24: : Level plan showing 600 Level with gold grades and classification shown
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ix) Pit Optimization Study
SRK Consulting of Denver Colorado was retained by Goldgroup to complete a Pit
Optimization Study on the Cerro Colorado Mine. SRK was hired to use an existing block
model supplied by Gary Giroux via Goldgroup and apply the appropriate costs to arrive
at a $1,500 per ounce pit optimization shell. The $1,500 shell is the basis for reporting
material within this shape.
a. Mineral Resource Statement Procedure
To meet the requirement that Mineral Resources be potentially mineable, SRK used
Whittle software to run a pit optimization on the Measured, Indicated and Inferred
Resources for Cerro Colorado. The Cerro Colorado block model (provided in CSV
format) was imported into Vulcan software.
The following pit optimization criteria inputs were used:
Mining Cost
US$ 1.84/tonne mined
Processing Cost
US$ 2.69/tonne of ore mined
G&A Cost
US$ 1.61/tonne of ore mined
Selling Cost
US$13.57 /troy.oz sold
Royalty to Treasury Metals 3% of (Selling Price minus Selling Cost )
Overall slope angle 50 degrees
Gold Recovery 60%
Optimisations inputs were provided by Goldgroup Mining Inc. The pit optimization is
based on operating costs and does not include capital costs. The selling price of
US$1,500 per troy oz of Au was selected for the largest Whittle pit shell.
The internal Au economical internal cutoff calculated by Gemcom Whittle was 0.1546
g/tonne.
Figure 25 shows a plan view of the Au $1,500/t.oz pit optimization result.
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Figure 25: Resource Whittle shell at Gold price $1500 per t.oz – Plan view
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Figure 26 shows a plan view of the Au $1,500/t.oz pit optimization result with the current
topography.
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Figure 26: Resource Whittle shell at Gold price $1500 per t.oz – Plan view showing current topography and shell
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Figure 27 shows a vertical cross section view of the Au $1,500/t.oz pit optimization result
with the current topography.
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Figure 27: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section View showing current topography and shell (West-East at 3,343,900 North,
looking North
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Figure 28 shows a vertical cross section view of the Au $1,500/t.oz pit optimization result
with the current topography.
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Figure 28: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section View showing current topography and shell (West-East @ 3,344,100 North,
looking North )
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Figure 29 shows a vertical cross section view of the Au $1,500/t.oz pit optimization result
with the current topography.
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Figure 29: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section View showing current topography and shell (West-East section @ 3,344,200
North, looking North )
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Figure 30 shows a vertical cross section view of the Au $1,500/t.oz pit optimization result
with the current topography.
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Figure 30: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section View showing current topography and shell (West-East at 3,344,300 North )
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Figure 31 shows a vertical cross section view of the Au $1,500/t.oz pit optimization result
with the current topography.
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Figure 31: Resource Whittle shell at Gold price $1500 per t.oz – Vertical Cross Section View showing current topography and a shell (SW – NE Section @ N45E, looking
north-west )
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x) Block Model Resource Within the Resource Whittle Shell
Using a .dxf drawing of the Whittle shell using Measured plus Indicated, defined by
SRK, the portion of the Block model within the Whittle Shell was determined. This is
outlined in the tables below. As discussed in Section 14 (vii), the present cut-off in the
open pit is 0.2 g/t that cut-off has been highlighted in Tables 19 to 22 below.
Table 19: Measured Resource in Mineralized Portion of Blocks within SRK Pit
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t)
(tonnes)
Au (g/t)
Au (ozs)
0.10 670,000 0.61 13,000
0.15 620,000 0.65 13,000
0.20 570,000 0.70 13,000
0.25 510,000 0.75 12,000
0.30 460,000 0.81 12,000
Table 20: Indicated Resource in Mineralized Portion of Blocks within SRK Pit Outline
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t)
(tonnes)
Au (g/t)
Au (ozs)
0.10 1,150,000 0.57 21,000
0.15 1,100,000 0.59 21,000
0.20 1,020,000 0.62 20,000
0.25 910,000 0.67 19,000
0.30 790,000 0.72 18,000
Table 21: Measured and Indicated Resource in Mineralized Portion of Blocks within SRK Pit Outline
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t)
(tonnes)
Au (g/t)
Au (ozs)
0.10 1,830,000 0.58 34,000
0.15 1,720,000 0.61 34,000
0.20 1,590,000 0.65 33,000
0.25 1,430,000 0.69 32,000
0.30 1,250,000 0.75 30,000
Table 22: Inferred Resource in Mineralized Portion of Blocks within SRK Pit Outline
Au Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal
(g/t)
(tonnes)
Au (g/t)
Au (ozs)
0.10 83,000 0.52 1,400
0.15 74,000 0.56 1,300
0.20 64,000 0.62 1,300
0.25 51,000 0.72 1,200
0.30 44,000 0.79 1,100
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15. Mineral Reserve Estimates
No mineral reserve estimates have been completed for the Cerro Colorado Mine. The
technical report prepared by Stone (2011) previously included life of mine analysis which
was excerpted from a Valuation <strong>Report</strong> prepared by Evans and Evans Inc. for Sierra
Minerals (predecessor company to Goldgroup) which was dated July 6, 2009. That
analysis was not a NI 43‐101 compliant economic analysis, and thus was removed from
the revised version of that report. No preliminary economic assessment (as defined by NI
43‐101) or other economic analysis of the mineral resources has been completed for the
Cerro Colorado Mine to date.
As such, it is currently difficult to project mine life and continuing and potential future
revenue flow from the Cerro Colorado Mine. Production is continuing at the Cerro
Colorado Mine without a compliant economic analysis report having been prepared.
Ongoing extraction could become uneconomic at any time due to a variety of reasons,
causing cessation of production at Cerro Colorado.
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16. Mining Methods
Open pit mining at Cerro Colorado commenced in 2003. The mining bench height is
standardized at 5 metres per bench, with some variation on a bench by bench basis. Each
bench is drilled on a 4 metre by 5 metre grid pattern using a blast hole drill with ANFO
(ammonium nitrate and fuel oil) used for blasting each bench. The resulting material is
separated into waste and mineralized material based on assay results from the blast
holes. Waste is hauled to the waste dump. The mineralized material is either hauled
directly to the leach pads using 50 tonne trucks or is taken to a primary and secondary
crusher for processing prior to being emplaced on the pad (Figures 32 to 34).
The crushing plant consists of both a primary and a secondary crusher. The primary
crusher reduces the mineralized material from greater than 12 inches in size to a nominal
4 inch diameter (Figures 35 to 37).
The coarse material is fed into the crusher with a front end loader from the run of mine
material stockpiled. The secondary crusher is set up to remove all material that is the
correct size for placement on the leach pads.
The coarse mineralized material that exceeds the maximum size for the leach pads is
reduced in size from 4 inch to < 1 inch by the secondary crusher. The crushed
mineralized material is transported to an ore stockpile on conveyor belts and is then
hauled by truck and placed on the leach pads.
Cerro Colorado currently has two leach pads in operation. On the leach pads, the
mineralized material is bulldozed and ripped into levels or lifts of approximately 3-5
metres in height. From the barren pond, barren solution is pumped via 8 inch yelomine
piping to the heap leach pads. The barren pond has an approximate capacity of 10
million litres.
The barren solution is pumped to the heap leach pad and distributed via sprinklers using 4
inch HDPE pipes. The piping is arranged such on the top of each lift that each sprinkler
covers an area of approximately 36 square metres. The cyanide solution distribution rate
is approximately 10 litres an hour per square metre.
The barren solution contains approximately 300 ppm of cyanide. The solution slowly
passes through the mineralized material to the HDPE liner and is collected at specific
collection points. Lime is added by way of a silo with auger feed to the crushed ore
coming off the belt as required to control the pH for each load of mineralized material
placed on the pad. The solution pH generally ranges from 10.5 to 11.2.
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Figure 32: Blast hole drill
Figure 33: Bench blast hole pattern November 2011
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Figure 34: Ore haulage, Breccia Central Pit, November 2011
Figure 35: loading ore into primary crusher, photo courtesy Goldgroup
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Figure 36: primary and secondary crushers, photo courtesy Goldgroup
Figure 37: crushed mineralized material stockpile for placement on heap leach pad, photo courtesy Goldgroup
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The crushed ore material has lime added after it has been processed through the
primary/secondary crusher via a lime silo with auger feed to the crusher stacker belt. The
leach solution is collected from the bottom of the heap leach pad and pumped to the
pregnant solution pond which has an approximate storage capacity of 7.5 million litres.
The processing plant runs approximately 10,000 tonnes of pregnant solution per day. The
new heap leach pad has a total capacity of 10 million tonnes of material with 3.3 million
tonnes of capacity remaining (Figures 38 to 40). The expected mine life of Cerro
Colorado is approximately 15 months based on current mining rates and heap leach
production.
Heap Leach Pads
Figure 38: Cerro Colorado Heap Leach Pads, November 2011
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Figure 39: Heap leach pad lift/level with cyanide distribution piping and sprinklers, November 2011
Figure 40: Sprinklers for broadcasting cyanide solution on heap leach pad, November 2011
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17. Recovery Methods
The carbon flow circuits used to adsorb gold are gravity flow adsorption circuits
commonly used in the gold mining industry. Gold is recovered using 30 carbon columns
in 10 circuits of 3 columns each. The carbon is stripped using an NaOH atmospheric
strip circuit. Each column contains approximately 0.5 tonnes of carbon. Typically the
carbon in the system is approximately 15 tonnes. Gravity is used to process the pregnant
solution through the columns. Ten thousand tonnes of solution can be processed per day.
The desorption circuit where the gold is removed from the carbon is made up of 3
columns. The carbon is stripped via an atmospheric strip using a boiler to raise the
temperature to just below the boiling for the elevation at Cerro Colorado (207°F). The
propane boiler on site has a capacity of 970,000 BTU. The eluate used in the strip
contains 1-1.5 % NaOH and 0.1 % NaCN. In total, 5 tonnes of carbon can be stripped
every 60 hours. After desorption (stripping), the carbon is returned to the bottom of the
circuit in the adsorption trains. Carbon is used for approximately 5-6 strips and then
replaced with new carbon (Figure 41).
The eluate then passes through two, 75 cubic foot-size, electro-winning cells and gold is
recovered onto a cathode as precipitate. The cathodes consist of a stainless steel mesh.
Finally, the precipitate removed from the cathodes is dried and accumulated for smelting
in a propane furnace. A smelt is completed approximately every 7 to 10 days. The
temperature of the smelting furnace is 2,000°F. The liquid is poured into standard 1,000
ounce bar moulds. The resulting doré metal is weighed and shipped to the United States
to a third party refiner.
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Figure 41: Carbon flow circuit, Cerro Colorado November 2011
i) Forecast Production
The approximate capacity of the plant is 25,000 ounces of gold per year depending on the
ore grades coming from the mine. The expanded plant has 10 carbon circuits, 6 circuits of
3 columns and 4 circuits of 3 columns for the new pad (30 columns). The desorption
circuit is also expanded to 10 columns. A second propane boiler (1,250,000 BTU) was
installed in the third quarter of 2009. The two boilers are capable of stripping 5 tonnes of
carbon per 60 hours with the electro-winning cells being replaced by 75 cubic foot-sized
cell boxes.
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ii) Gold Recovery
During 2011 gold recoveries at Cerro Colorado averaged 63% over the year. Table 23
outlines monthly gold recoveries at Cerro Colorado:
Table 23: Gold Recovery 2011 (source: Goldgroup AIF)
From Stone (2011):
2011 Recovery %
January 55
February 48
March 54
April 64
May 73
June 70
July 53
August 48
September 40
October 71
November 73
December 113
Average recovery 2011 63
Column tests were conducted on various size fractions (1 inch, 1-4 inch and
ROM) of mineralized material from each mine bench. The materials selected
are considered representative of the material typically mined. Several tests are
conducted from each mine pit per year. Reagent consumption, pH and gold
and silver recoveries are tabulated over the course of 60 to 80 days. Gold
recoveries from the tests vary for the different pits and benches and typically
range from 35% to 100%. Table 23-1 presents the results of recent recovery
tests. These results generally agree with the average 55% to 60% recoveries
calculated for the heap leach pad. Cyanide leaching is well-tested and the
standard technique for processing mineralization of type mined at Cerro
Colorado.
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18. Project Infrastructure
The Cerro Colorado Mine is located in the Sonora desert approximately 35 kilometres
from the small town of Trencheras, Mexico. The mine has a camp that provides full time
quarters for 175 employees along with management that stay on site during their working
schedule. The mine has kitchen facilities that provide meals for the work force during
scheduled days on. The food is purchased from a local supplier in a town approximately
100 kilometres from the mine.
The camp generally has approximately 120 employees daily working on site, with 60
employees on their time off. Most employees live in towns in the immediate area. A
company bus is used to transport workers to and from the mine for work.
Water is supplied from the company water well, and then put through a purification
system for consumption and daily use in the camp facility. All supplies are delivered to
the mine by semi-truck along with a 5 tonne truck the mine operates to bring supplies to
the mine on an as needed basis. All necessary items used to run the mine are kept in stock
at the mine warehouse. Approximately US$2 Million of inventory is kept in stock at all
times to ensure uninterrupted operations at the mine.
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19. Market Studies and Contracts
Cerro Colorado has several contracts for bulk commodities i.e. explosives, cyanide, lime,
diesel fuel, tires, along with several stock items kept on consignment at the mine. These
contracts usually run for 1-2 years before being re-negotiated.
Granmin Mexico has a shipping contract with Servicio Pan Americano de Protección
S.A. de C.V. where the product is shipped to Nogales, the main border city between
Sonora, Mexico and Arizona, USA. At Nogales, the product is transferred to a Brinks
Inc. (“Brinks”) armoured vehicle. Brinks delivers the doré to a storage area in Tucson,
Arizona, to await shipment to the refiner via air transportation.
Granmin Mexico and Goldgroup are contracted with Metalor USA Refining Corporation,
Massachusetts, USA for precious metal refining. Granmin Mexico and Goldgroup have a
Master Purchase Contract for the sale of precious metals with Auramet Trading, LLC,
based in New Jersey, USA. Goldgroup has no hedging contracts in place for gold or
silver.
101 | Page

20. Environmental Studies, Permitting and Social or
Community Impact
The Cerro Colorado Mine operates under an environmental permit termed a “resolutivo
ambiental” or “environmental resolution” which outlines all the terms under which the
mine is required to operate. Ensuring compliance with the permit is supervised by the
mines Environmental Manager. No other permits, reclamation bonds or other
requirements have been required by the government. There are currently no agreements
or ongoing negotiations with local communities in the area.
From Stone (2011):
The Cerro Colorado Mine operating facilities have been designed to mitigate
environmental impacts. To prevent and control spills and protect water
quality, the mine utilizes multiple levels of spill containment procedures and
routine inspection and monitoring of its facilities. The mine has installed air
pollution control devices on its facilities consistent with legal requirements.
The mine also has water reuse and conservation programs. The mine uses dust
suppression techniques to mitigate the impact of dust. All activities at Cerro
Colorado are in compliance in all material respects with applicable corporate
standards and environmental regulations.
Several environmental studies have been completed since 2005, including:
• a soil study which provided justification to remove topsoil from the
vicinity of the mine to mitigate the mine’s impact on flora and fauna (May
2009).
• a report estimating and outlining a plan to mitigate the environmental
damage cause by the mine and operations (April 2008).
• an environmental audit conducted by the Sonora delegation of the federal
environmental protection agency (January 2006).
Water well testing is carried out by an independent outside laboratory on a regular basis
for the mine along with the surrounding ranches to assure the water is safe for
consumption and no harmful contaminates are present.
The leach pads have test wells 18 metres in depth surrounding the perimeter that are
tested regularly to assure that no cyanide contamination has occurred from a breach in the
pad liner.
Goldgroup (previously Sierra) is to pay a fee of $6,870.44 Mexican pesos per hectare for
reclamation at the end of each five year expansion period. The total reclamation cost is
calculated to be $2,267,245 pesos for 330 hectares.
A new reclamation study was done in 2012 that determined the reclamation cost for end
of life of mine to be approximately US$1 Million.
102 | Page

21. Capital and Operating Costs
The Cerro Colorado mine has been in operation since 2003, with full production
underway in 2006. The Company spent approximately US$3.013 million on capital in
2011, primarily on plant and equipment expenditures. Minimal capital expenditures are
expected during 2012. Nominal sustaining capital expenditures are expected over the
remainder of the mine life.
During 2011 the cost of sales per ounce of gold before silver by-product credits was
US$1,176 per ounce of gold sold. Costs were higher in 2011 compared to 2010 due to a
decrease in the average grade of gold, an increase in the strip ratio as well as dramatic
fluctuations in gold recoveries as outlined in Table 24. There have been challenges at the
mine resulting from uncertainty around the mine plan and the complex ore body.
Table 24: 2010 and 2011 Operating costs per ounce of gold
Year ended
December 31,
2011 2010 (b)
Cost of sales (excluding accretion, depre
depletion and amortization) $ 23,623,231 $ 14,484,323
Non‐cash fair value adjustment from RTO (a) ‐ (490,857)
Silver by‐product credit (262,888) (93,356)
$ 23,360,343 $ 13,900,110
Gold ounces sold 19,864 13,169
Total cash costs ($/oz. sold) $1,176 $1,055
Breakdown of cost per ounce sold
Direct operating costs $1,142 $1,030
3.0% NSR Royalty 47 32
Less: silver by‐product credits (13) (7)
(a)
Total cash costs ($/oz. sold) $1,176 $1,055
Included in the purchase price allocation on the reverse takeover of Sierra is an increase of $490,857 to inventory to recognize its
fair value. During the second quarter the inventory was sold and so the fair value increase was charged to cost of sales. This is a non-cash
operating cost and as a result it has been removed from cost of sales for the purpose of calculating cash cost per ounce.
(b) Only the results from May 1, 2010 to December 31, 2010 are included in the financial and operating results (see section 1.2.1).
Source: GOLDGROUP MINING INC. Management’s Discussion and Analysis For the Year Ended December 31,
2011
In 2011 Goldgroup applied an impairment charge of US$8.6 Million to the Cerro
Colorado mine. The charges were proportionately charged against the carrying value of
the mine for $4,650,000 and plant and equipment for $3,950,000.
103 | Page

22. Economic Analysis
No Economic Analysis has been completed as part of this technical report. Goldgroup
has had studies completed on the Cerro Colorado mine in the past, however these studies
do not fulfill the requirements for a compliant Economic Analysis under NI 43-101
regulations and as such are not included with this technical report.
104 | Page

23. Adjacent Properties
Other than the Palo Verde 1 Concession discussed in Section 6, the Cerro Colorado Mine
Property is not bordered by any other concessions.
105 | Page

24. Other Relevant Data and Information
The authors are not aware of any other relevant data or information which is pertinent to
the Project.
106 | Page

25. Interpretation and Conclusions
The Cerro Colorado Property is host to a number of gold and silver mineralized zones, a
number of which have been or are currently being mined via open pit mining methods.
Between the middle of 2006 and the first quarter of 2012 a total of 128,611 ounces of
gold were produced. During 2011 a total of 20,368 ounces of gold were produced, with
the current mine plant designed to produce up to 25,000 ounces of gold.
Exploration to date has been focused on determining the extent of mineralization in the
immediate mine area. Exploration drilling during 2010-2011 continued to primarily focus
on the immediate area of current mining. Blast hole data from the mines is used to
determine grade continuity and segregate ore and waste on a bench by bench basis.
Future drill programs should focus on defining additional gold mineralization to extend
the life of the mine. Complexities in structure and orientation of gold mineralized vein
systems at Cerro Colorado will require careful planning and execution of future
exploration programs.
The mineral resource for the Cerro Colorado Gold Mine has been estimated to be
approximately 2.58 million tonnes combined Measured and Indicated at 0.54 g/t Au and
approximately 3.05 million tonnes of Inferred at a grade of 0.57 g/t Au reported at a cutoff
grade of 0.2 g/t Au. This equates to approximately 44,000 ounces of Measured and
Indicated gold and approximately 56,000 ounces of Inferred gold.
Based on cost parameters from the ongoing operations at the Cerro Colorado Mine
Resource Whittle shells were generated. Using the current 0.2 g/t Au cutoff used at the
mine, a combined Measured and Indicated resource of 1.590 million tonnes at an average
grade of 0.65 g/t Au and an Inferred resource 64,000 tonnes at an average grade of 0.62
g/t Au lie within the Whittle shell. This equates to approximately 33,000 ounces of
Measured and Indicated gold and approximately 1,300 ounces of Inferred gold.
Risks and uncertainties that could affect operations at Cerro Colorado include economic
factors beyond the control of Goldgroup which may result in the mine being unable to
operate at a profit. These risks include the possibility of significant declines in the
market price of base and precious metals or extended periods of inflation and currency
fluctuations which could have an adverse effect on economic projections related to the
mine.
In addition, any material reductions in estimates of mineralization or increases in capital
costs and expenditures, or in Goldgroup’s ability to maintain a projected budget or renew
a particular mining permit, could also have a material adverse effect on projected
production schedules and economic returns, as well as on Goldgroup’s overall results of
operations or financial condition. There is also a risk that rising costs for labour and
material could have an adverse impact on forecasted construction costs and that shortages
of labour and material could have a negative impact on any mine development schedule.
107 | Page

Goldgroup’s operating costs are affected by the cost of commodities and goods such as
steel, fuel, electrical power and supplies, including tires and reagents. Management of
Goldgroup prepares its cost and production guidance and other forecasts based on its
review of current and estimated future costs, and management assumes that the materials
and supplies required for operations will be available for purchase. An increase in any of
these costs, or a lack of availability of commodities and goods, may have an adverse
impact on Goldgroup’s financial condition.
Further regulatory approvals and permits which may be required for any expansion of the
mine may not be obtained. Goldgroup’s estimates of the costs of operating the mine are
subject to many uncertainties which may cause such costs to be higher than those
Goldgroup has anticipated.
No mineral reserves have been estimated for Cerro Colorado. Therefore, there can be no
assurance that further exploration around, and planned expansion, of the Cerro Colorado
Mine will result in economically mineable reserves, increased production or recovery of
the capital costs of expansion. Further, as there are no estimated mineral reserves, there
can be no assurance of continued economic production. Reduced or halted production
could adversely affect the Company as the Cerro Colorado mine is its sole current source
of revenue.
108 | Page

26. Recommendations
The recommended program and changes to procedures for the Cerro Colorado Gold Mine
are outlined below. A proposed budget is outlined in Table 25 below. Specific focus on
better defining and confirming resources estimated for the mine are recommended as
follows:
1. A 10,000 metre exploration drilling program to outline additional mineralization
in the area of the mine. The estimated cost for this work program is approximately
US$1.6 million as shown in Table 25.
2. Regular submission of exploration drill samples to an outside laboratory to
confirm results received from the on-site laboratory. All samples sent to the
outside laboratory should have QAQC samples (blanks, standards, duplicates)
inserted into the sample stream.
3. It is recommended that regular density/specific gravity determinations be taken as
part of the regular sampling and logging process in order to ensure accurate
tonnage estimation.
4. Update QAQC procedures to include routine insertion of blanks, standards and
duplicate samples as part of the logging and sampling process for all exploration
drilling programs. This will ensure that results of exploration drilling can be
integrated into future resource estimates for Cerro Colorado.
5. Down hole directional surveys should be completed on all new drill holes and all
previous drill holes should be surveyed if they are in good condition for re-entry.
6. If the decision is made to switch to diamond drilling for exploration, oriented core
readings should be done to determine the orientation of structures and veins. This
will allow for more accurate interpretation and modeling of mineralized zones at
Cerro Colorado.
109 | Page

Table 25: Proposed Budget, Cerro Colorado
Item
2012 Concession Fees
(estimated)
Exploration Drilling
(includes assay costs)
Specific Gravity
Determinations (10 readings
per hole)
Unit
# of Cost per
Units Unit
Cost US$
$183,750
Metre 10,000 $125 $1,250,000
Drillhole 65 $20 $1,300
<strong>Report</strong> Writing $10,000
Subtotal $1,445,050
10% Contingency $144,505
TOTAL $1,589,555
110 | Page

27. Date and Signature Page
Respectfully submitted and signed this 14 th day of May, 2012 at Vancouver, British
Columbia, Canada.
(Signed by Marc Simpson)
(Signed and Sealed copy on File)
___________________________
Marc Simpson B.Sc. P.Geo.
(Signed by G. Giroux)
(Signed and Sealed copy on File)
___________________________
G. H. Giroux, P.Eng. MASc.
111 | Page

Respectfully submitted and signed this 14 th day of May, 2012 at Lakewood, Colorado,
United States of America.
(Signed by Fernando Rodrigues)
(Signed and sealed copy on file)
____________________________
Fernando Rodrigues BSc, MBA, MAusIMM, MMSAQP
112 | Page

28. References
Baker, E.M. and Andrew, A.S., Geological, fluid inclusion, and stable isotope studies of
the gold-bearing breccia pipe at Kidston, Queensland, Australia: Economic Geology, v.
86, p. 810-830.
Balderama, R., 1997, <strong>Report</strong> on Direct Agitated Cyanidation Test, Cerro Colorado
Cuttings Composites, MCM Job No. 1025, McClelland Laboratories de Mexico S.A.
Fowler, F., 1997, Geology of Cerro Colorado, Laramide Resources internal report.
Kappes, Cassiday & Associated, 2005, The Geology and Exploration Potential of the
Cerro Colorado Gold Mine Project, Sonora, Mexico: Independent <strong>Technical</strong> <strong>Report</strong>
prepared for Minera Secotec S.A. de C.V., 54 p.
Stone, M., 2011 Independent <strong>Technical</strong> <strong>Report</strong>, Cerro Colorado Gold Mine, Sonora,
Mexico: <strong>Report</strong> prepared for Sierra Minerals, 116 p.
Telluris Consulting Ltd., 2010, Structural Review of the Cerro Colorado Mine, Sonora,
Mexico: Sierra Minerals Inc. Granmin S.A. de C.V. internal report.
Wendt, Clarence J., 1995, Gold Resource Estimate Cerro Colorado Gold Mine Project,
Sonora, Mexico: Laramide Resources internal report.
Wetherup, S., 2007, Structural <strong>Report</strong>, Cerro Colorado Gold Mine: <strong>Report</strong> prepared for
Sierra Minerals, 16 p.
113 | Page

29. Appendix 1 - Certificates
114 | Page

CERTIFICATE AND CONSENT
To accompany the report entitled: <strong>Technical</strong> <strong>Report</strong>, Cerro Colorado Gold Mine, Sonora Mexico,
dated May 14 th , 2012
I, Marc Everett Simpson, residing at 3376 Scotch Pine Avenue, Coquitlam, British Columbia do hereby certify that:
1. I have been acting as Qualified Person for Goldgroup Mining Inc. since July 2011 on a part time basis. This
report is based in part on the field work, data verification and analysis I conducted.
2. I am currently employed as Exploration Manager by Uracan Resources Ltd., with a registered business
address of Suite 2184-1055 Dunsmuir Street, Bentall 4, Vancouver BC, V7X 1L3.
3. I graduated with a Bachelor of Science, Major (Geology) in 1991 from the University of Manitoba. I have
worked in mining and mineral exploration as a Geologist in Canada, the United States, Venezuela, Argentina,
Chile, Russia, Mexico and South Africa for 21 years. I have worked in gold, copper, uranium, diamond and
PGE exploration projects in the above mentioned areas.
4. I am registered with the Association of Professional Engineers and Geoscientists of British Columbia
(APEGBC # 24734) since 2000. I am also registered with the Association of Professional Engineers and
Geoscientists of Manitoba (APEGM # 21289) since 2003. I am also registered as a Geologist with the Ordre
des Géologues du Québec (OGQ Special Authorization # 186) since May 2011.
5. I have read the definition of “qualified person” set out in National Instrument 43-101 and certify that by virtue
of my education, affiliation to a professional association and past relevant work experience, I fulfill the
requirements to be a “qualified person” for the purposes of National Instrument 43-101 and that this technical
report has been prepared in compliance with National Instrument 43-101 and Form 43-101F1 guidelines;
6. I, as a qualified person, am not independent of the issuer as defined in Section 1.4 of National Instrument 43-
101, but a part time employee of the issuer. I do not currently hold common shares of Goldgroup Mining Inc.
and expect to receive none for this work.
7. I have visited the Cerro Colorado Mine on November 29 th , 2011. I was on site for a period of one day. I have
had no involvement with the Cerro Colorado property prior to its acquisition by Goldgroup.
8. I have prepared or supervised the preparation of components of all the sections of this report, and have
prepared or supervised the preparation of all illustrations. Sources of information used in this report and
related illustrations have been cited in the References.
9. That, as of the date of this certificate, to the best of my knowledge, information and belief, this technical report
contains all scientific and technical information that is required to be disclosed to make the technical report not
misleading;
10. I consent to the filing of the technical report with any stock exchange and other regulatory authority and any
publication by them for regulatory purposes, including electronic publication in the public company files on
their websites accessible by the public, of the technical report.
11. The technical report contains information relating to mineral titles, permitting and legal agreements. I am not a
legal, environmental or regulatory professional and do not offer a professional opinion regarding these issues.
Original signed
Vancouver, Canada
Marc Simpson P.Geo.
May 14 th , 2012
115 | Page

CERTIFICATE AND CONSENT
I, G.H. Giroux, of 982 Broadview Drive, North Vancouver, British Columbia, do hereby certify that:
• I am a consulting geological engineer with an office at #1215 - 675 West Hastings Street,
Vancouver, British Columbia.
• I am a graduate of the University of British Columbia in 1970 with a B.A. Sc. and in 1984
with a M.A. Sc., both in Geological Engineering.
• I am a member in good standing of the Association of Professional Engineers and
Geoscientists of the Province of British Columbia.
• I have practiced my profession continuously since 1970. I have had over 30 years’
experience calculating mineral resources. I have previously completed resource
estimations on a wide variety of precious metal deposits both in B.C. and around the
world, including La Colorada, La Jojoba and Livia de Oro, La India and Kisladag.
• I have read the definition of “qualified person” set out in National Instrument 43-101 and
certify that by reason of education, experience, independence and affiliation with a
professional association, I meet the requirements of an Independent Qualified Person as
defined in National Policy 43-101.
• This report titled “<strong>Technical</strong> <strong>Report</strong> Cerro Colorado Gold Mine Sonora, Mexico"
dated May 14 , 2012, is based on a study of the data and literature available on the Cerro
Colorado Property. I am responsible for Section 14 (i) to 14 (viii) and Section 14 (x) on
the resource estimations completed in Vancouver during 2012. I have not visited the
property.
• I have not previously worked on this property.
• As of the date of this certificate, to the best of my knowledge, information and belief, the
technical report contains all scientific and technical information that is required to be
disclosed to make the technical report not misleading.
• I am independent of the issuer applying all of the tests in section 1.5 of National
Instrument 43-101.
• I have read National Instrument 43-101 and Form 43-101F1, and the <strong>Technical</strong> <strong>Report</strong>
has been prepared in compliance with that instrument and form.
Dated this 14 th day of May, 2012
“G.H. Giroux”
G. H. Giroux, P.Eng., MASc.
116 | Page

CERTIFICATE OF AUTHOR
I, Fernando Rodrigues, B.S. Mining, MMSA do hereby certify that:
1. I am Principal Mining Engineer of:
SRK Consulting (U.S.), Inc.
7175 W. Jefferson Ave, Suite 3000
Denver, CO, USA, 80235
2. I graduated with a Bachelors of Science degree in Mining Engineering from South Dakota School
of Mines and Technology in 1999.
3. I am a QP member of the MMSA.
4. I have worked as a Mining Engineer for a total of 13 years since my graduation from South Dakota
School of Mines and Technology in 1999. My relevant experience includes multiple feasibility,
pre-feasibility, PEA, NI43-101 reserves statements. Fernando has worked/consulted for many
gold operations including Rio Tinto, Barrick, Eldorado Gold, Placerdome and Newmont.
5. I have read the definition of “qualified person” set out in National Instrument 43-101 (NI 43-101)
and certify that by reason of my education, affiliation with a professional association (as defined in
NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person”
for the purposes of NI 43-101.
6. I am responsible for the preparation of Sections 14 (ix) (pit optimization) of the technical report
titled <strong>Technical</strong> <strong>Report</strong> on Resources, dated 14 of May, 2012 (the “<strong>Technical</strong> <strong>Report</strong>”) relating to
the Cerro Colorado Mine property. The <strong>Technical</strong> <strong>Report</strong> does not issue a reserve statement.
Fernando Rodrigues did not visit the Cerro Colorado property. Due to the reserves not being
reported in this document, Fernando Rodrigues did not need to visit the mine.
7. I have not had prior involvement with the property that is the subject of the <strong>Technical</strong> <strong>Report</strong>.
8. I am independent of the issuer applying all of the tests in section 1.5 of National Instrument 43-
101.
9. I have read NI 43-101 and Form 43-101F1, and the <strong>Technical</strong> <strong>Report</strong> has been prepared in
compliance with that instrument and form.
10. I consent to the filing of the <strong>Technical</strong> <strong>Report</strong> with any stock exchange and other regulatory
authority and any publication by them for regulatory purposes, including electronic publication in
the public company files on their websites accessible by the public, of the <strong>Technical</strong> <strong>Report</strong>.
11. As of 14 of May, 2012, to the best of my knowledge, information and belief, the pit optimization
portion of the <strong>Technical</strong> <strong>Report</strong> I am responsible for contains all scientific and technical information
that is required to be disclosed to make the <strong>Technical</strong> <strong>Report</strong> not misleading.
Dated this 14 Day of May, 2012
Signed
________________________________
Fernando Rodrigues, B.S. M.Eng, MMSA
“Sealed”
MMSA # 01405QP
117 | Page

30. Appendix 2 – LISTING OF DRILL HOLES
Those that intersect the mineralized solids are highlighted
HOLE EASTING NORTHING ELEVATION HLENGTH AREA
AB‐1 420470.00 3343878.00 658.00 120.00 ABEJAS
BX‐189‐N 420831.00 3344476.00 654.00 106.00 BX_CENTRAL
BX‐190‐V 420891.00 3344477.00 656.00 96.00 BX_CENTRAL
BX‐191‐S 420891.00 3344477.00 656.00 106.00 BX_CENTRAL
BX‐192‐V 420706.00 3344526.00 633.00 108.00 BX_CENTRAL
BX‐193‐V 420750.00 3344562.00 633.00 102.00 BX_CENTRAL
BX‐194‐N 420891.00 3344477.00 656.00 80.00 BX_CENTRAL
BX‐195‐V 420949.00 3344478.00 647.00 106.00 BX_CENTRAL
BX‐196‐S 420949.00 3344478.00 647.00 106.00 BX_CENTRAL
BX‐197‐N 420949.00 3344478.00 657.00 106.00 BX_CENTRAL
BX‐198‐V 420995.00 3344477.00 639.00 106.00 BX_CENTRAL
BX‐199‐S 420995.00 3344477.00 639.00 106.00 BX_CENTRAL
BX‐200‐V 421050.00 3344453.00 631.00 106.00 BX_CENTRAL
BX‐201‐S 421050.00 3344453.00 631.00 106.00 BX_CENTRAL
BX‐202‐S 420706.00 3344526.00 633.00 114.00 BX_CENTRAL
BX‐203‐S 420750.00 3344562.00 633.00 102.00 BX_CENTRAL
BX‐204‐V 421059.00 3344424.00 633.00 106.00 BX_CENTRAL
BX‐205‐S 421059.00 3344424.00 633.00 106.00 BX_CENTRAL
BX‐206‐V 421074.00 3344399.00 632.00 106.00 BX_CENTRAL
BX‐207‐S 421074.00 3344399.00 632.00 106.00 BX_CENTRAL
BX‐208‐V 421085.00 3344371.00 634.00 106.00 BX_CENTRAL
BX‐209‐S 421085.00 3344371.00 634.00 106.00 BX_CENTRAL
BX‐210‐V 421087.00 3344341.00 638.00 106.00 BX_CENTRAL
BX‐212‐V 421062.00 3344363.00 644.00 106.00 BX_CENTRAL
BX‐213‐S 421062.00 3344363.00 644.00 106.00 BX_CENTRAL
BX‐215‐S 421050.00 3344391.00 644.00 106.00 BX_CENTRAL
BX‐216‐V 420766.00 3344398.00 650.00 106.00 BX_CENTRAL
BX‐217‐S 420766.00 3344398.00 650.00 106.00 BX_CENTRAL
BX‐218‐N 420766.00 3344398.00 650.00 106.00 BX_CENTRAL
BX‐219‐V 420458.00 3344204.00 655.00 120.00 BX_CENTRAL
BX‐220‐S 420458.00 3344204.00 655.00 120.00 BX_CENTRAL
BX‐221‐N 420458.00 3344204.00 655.00 102.00 BX_CENTRAL
BX‐222‐V 420703.00 3344572.00 635.00 106.00 BX_CENTRAL
BX‐223‐S 420703.00 3344572.00 635.00 106.00 BX_CENTRAL
BX‐232‐V 420429.00 3344211.00 655.00 84.00 BX_CENTRAL
BX‐233‐S 420429.00 3344211.00 655.00 120.00 BX_CENTRAL
118 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BX‐234‐N 420429.00 3344211.00 655.00 110.00 BX_CENTRAL
BX‐235‐V 420399.00 3344213.00 654.00 100.00 BX_CENTRAL
BX‐236‐S 420399.00 3344213.00 654.00 30.00 BX_CENTRAL
BXC01 420297.32 3344115.62 683.53 23.00 BX_CENTRAL
BXC02 420295.44 3344125.62 684.02 23.00 BX_CENTRAL
BXC03 420294.59 3344135.17 684.37 23.00 BX_CENTRAL
BXC04 420291.71 3344145.42 684.52 23.00 BX_CENTRAL
BXC05 420289.18 3344155.69 684.90 23.00 BX_CENTRAL
BXC06 420283.81 3344164.22 684.91 23.00 BX_CENTRAL
BXC07 420281.20 3344173.73 684.74 23.00 BX_CENTRAL
BXC08 420280.21 3344183.59 684.73 23.00 BX_CENTRAL
BXC09 420277.53 3344193.36 684.57 20.70 BX_CENTRAL
BXC‐1 420328.00 3344376.00 696.00 120.00 BX_CENTRAL
BXC‐10 420492.00 3344132.00 705.00 122.00 BX_CENTRAL
BXC10 420276.40 3344203.59 684.61 23.00 BX_CENTRAL
BXC‐100 420442.00 3344103.00 730.00 106.00 BX_CENTRAL
BXC‐101 420384.00 3344088.00 730.00 106.00 BX_CENTRAL
BXC‐102 420384.00 3344088.00 730.00 106.00 BX_CENTRAL
BXC‐103 420582.00 3344226.00 660.00 106.00 BX_CENTRAL
BXC‐104 420582.00 3344226.00 660.00 106.00 BX_CENTRAL
BXC‐105 420582.00 3344226.00 660.00 106.00 BX_CENTRAL
BXC‐106 420587.00 3344197.00 660.00 106.00 BX_CENTRAL
BXC‐107 420587.00 3344197.00 660.00 106.00 BX_CENTRAL
BXC‐107‐S 420587.00 3344197.00 660.00 106.00 BX_CENTRAL
BXC‐11 420552.00 3344136.00 705.00 122.00 BX_CENTRAL
BXC11 420274.92 3344213.02 684.64 23.00 BX_CENTRAL
BXC‐111‐S 420581.00 3344178.00 656.00 106.00 BX_CENTRAL
BXC‐111‐V 420581.00 3344178.00 656.00 70.00 BX_CENTRAL
BXC‐112‐V 420307.00 3344231.00 660.00 120.00 BX_CENTRAL
BXC‐113‐N 420307.00 3344231.00 660.00 120.00 BX_CENTRAL
BXC‐114‐V 420563.00 3344194.00 655.00 106.00 BX_CENTRAL
BXC‐115‐V 420340.00 3344164.00 659.00 106.00 BX_CENTRAL
BXC‐116‐S 420340.00 3344164.00 659.00 106.00 BX_CENTRAL
BXC‐117‐N 420340.00 3344164.00 659.00 106.00 BX_CENTRAL
BXC‐118‐V 420368.00 3344176.00 659.00 106.00 BX_CENTRAL
BXC‐119‐S 420368.00 3344176.00 659.00 106.00 BX_CENTRAL
BXC‐12 420447.00 3344141.00 705.00 122.00 BX_CENTRAL
BXC12 420262.08 3344195.05 683.95 23.00 BX_CENTRAL
BXC‐120‐N 420368.00 3344176.00 659.00 106.00 BX_CENTRAL
BXC‐121‐S 420563.00 3344194.00 655.00 106.00 BX_CENTRAL
119 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BXC‐122‐N 420563.00 3344194.00 655.00 106.00 BX_CENTRAL
BXC‐123‐V 420545.00 3344185.00 655.00 106.00 BX_CENTRAL
BXC‐124‐S 420545.00 3344185.00 655.00 106.00 BX_CENTRAL
BXC‐125‐V 420515.00 3344184.00 655.00 106.00 BX_CENTRAL
BXC‐126‐S 420515.00 3344184.00 655.00 106.00 BX_CENTRAL
BXC‐127‐V 420319.00 3344227.00 660.00 72.00 BX_CENTRAL
BXC‐128‐S 420262.00 3344094.00 665.00 40.00 BX_CENTRAL
BXC‐129‐S 420247.00 3344058.00 665.00 40.00 BX_CENTRAL
BXC‐13 420582.00 3344135.00 705.00 80.00 BX_CENTRAL
BXC13 420272.81 3344223.22 684.56 23.00 BX_CENTRAL
BXC‐130‐S 420264.00 3344017.00 655.00 40.00 BX_CENTRAL
BXC‐130‐V 420453.00 3344189.00 655.00 120.00 BX_CENTRAL
BXC‐131‐S 420275.00 3343990.00 665.00 40.00 BX_CENTRAL
BXC‐132‐S 420288.00 3343962.00 665.00 40.00 BX_CENTRAL
BXC‐132‐V 420429.00 3344189.00 655.00 120.00 BX_CENTRAL
BXC‐133‐V 420539.00 3344028.00 729.00 106.00 BX_CENTRAL
BXC‐134‐S 420539.00 3344028.00 729.00 106.00 BX_CENTRAL
BXC‐135‐V 420590.00 3344056.00 729.00 120.00 BX_CENTRAL
BXC‐136‐V 420560.00 3344058.00 729.00 120.00 BX_CENTRAL
BXC‐137‐V 420530.00 3344061.00 729.00 120.00 BX_CENTRAL
BXC‐138‐V 420500.00 3344061.00 729.00 120.00 BX_CENTRAL
BXC‐139‐V 420470.00 3344064.00 729.00 120.00 BX_CENTRAL
BXC‐14 420428.00 3344146.00 700.00 122.00 BX_CENTRAL
BXC‐140‐V 420539.00 3344028.00 730.00 106.00 BX_CENTRAL
BXC‐141‐S 420539.00 3344028.00 730.00 106.00 BX_CENTRAL
BXC‐142‐V 420439.00 3344067.00 730.00 120.00 BX_CENTRAL
BXC‐143‐S 420409.00 3344064.00 730.00 98.00 BX_CENTRAL
BXC‐144‐V 420510.00 3344031.00 730.00 106.00 BX_CENTRAL
BXC‐146‐V 420274.00 3344115.00 660.00 50.00 BX_CENTRAL
BXC‐147‐S 420274.00 3344115.00 660.00 50.00 BX_CENTRAL
BXC‐148‐V 420282.00 3344149.00 660.00 50.00 BX_CENTRAL
BXC‐149‐S 420282.00 3344149.00 660.00 50.00 BX_CENTRAL
BXC‐15 420468.00 3344135.00 699.00 122.00 BX_CENTRAL
BXC‐150‐N 420282.00 3344149.00 660.00 50.00 BX_CENTRAL
BXC‐151‐V 420272.00 3344188.00 660.00 50.00 BX_CENTRAL
BXC‐152‐S 420272.00 3344188.00 660.00 28.00 BX_CENTRAL
BXC‐153‐N 420272.00 3344188.00 660.00 50.00 BX_CENTRAL
BXC‐154‐V 420251.00 3344193.00 660.00 50.00 BX_CENTRAL
BXC‐155‐S 420251.00 3344193.00 660.00 50.00 BX_CENTRAL
BXC‐156‐N 420251.00 3344193.00 660.00 50.00 BX_CENTRAL
120 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BXC‐157 419798.00 3344460.00 623.00 108.00 BX_CENTRAL
BXC‐158‐S 420302.00 3344142.00 660.00 50.00 BX_CENTRAL
BXC‐159‐V 420302.00 3344142.00 660.00 50.00 BX_CENTRAL
BXC‐16 420520.00 3344132.00 700.00 122.00 BX_CENTRAL
BXC‐160 419785.00 3344608.00 623.00 120.00 BX_CENTRAL
BXC‐161‐V 420310.00 3344170.00 660.00 50.00 BX_CENTRAL
BXC‐162‐S 420310.00 3344170.00 660.00 50.00 BX_CENTRAL
BXC‐163‐S 421027.00 3344479.00 630.00 106.00 BX_CENTRAL
BXC‐164‐V 421028.00 3344480.00 630.00 106.00 BX_CENTRAL
BXC‐165‐S 420986.00 3344495.00 632.00 106.00 BX_CENTRAL
BXC‐166‐V 420986.00 3344496.00 632.00 106.00 BX_CENTRAL
BXC‐167‐S 420936.00 3344503.00 639.00 106.00 BX_CENTRAL
BXC‐168‐V 420936.00 3344503.00 639.00 106.00 BX_CENTRAL
BXC‐169‐S 420877.00 3344514.00 641.00 120.00 BX_CENTRAL
BXC‐17 420569.00 3344144.00 690.00 120.00 BX_CENTRAL
BXC17 420255.97 3344334.21 685.10 23.00 BX_CENTRAL
BXC‐170‐V 420877.00 3344513.00 641.00 120.00 BX_CENTRAL
BXC‐171‐S 420819.00 3344517.00 637.00 120.00 BX_CENTRAL
BXC‐172‐V 420820.00 3344518.00 637.00 118.00 BX_CENTRAL
BXC‐173‐V 420307.00 3343830.00 640.00 114.00 BX_CENTRAL
BXC‐174‐N 420308.00 3343832.00 640.00 120.00 BX_CENTRAL
BXC‐175‐S 420306.00 3343829.00 640.00 120.00 BX_CENTRAL
BXC‐176‐V 420262.00 3343811.00 630.00 118.00 BX_CENTRAL
BXC‐177‐N 420263.00 3343813.00 630.00 120.00 BX_CENTRAL
BXC‐178‐S 420261.00 3343809.00 630.00 120.00 BX_CENTRAL
BXC‐179‐V 420232.00 3343792.00 625.00 96.00 BX_CENTRAL
BXC‐18 420601.00 3344151.00 690.00 120.00 BX_CENTRAL
BXC18 420257.40 3344325.19 684.28 23.00 BX_CENTRAL
BXC‐180‐N 420232.00 3343792.00 625.00 108.00 BX_CENTRAL
BXC‐181‐S 420232.00 3343792.00 625.00 108.00 BX_CENTRAL
BXC‐182‐V 420188.00 3343775.00 625.00 96.00 BX_CENTRAL
BXC‐184‐S 420188.00 3343775.00 625.00 100.00 BX_CENTRAL
BXC‐185‐V 420805.00 3344462.00 651.00 106.00 BX_CENTRAL
BXC‐186‐S 420805.00 3344462.00 651.00 106.00 BX_CENTRAL
BXC‐187‐V 420831.00 3344476.00 654.00 106.00 BX_CENTRAL
BXC‐188‐S 420831.00 3344476.00 654.00 106.00 BX_CENTRAL
BXC‐19 420369.00 3344139.00 685.00 120.00 BX_CENTRAL
BXC19 420258.70 3344317.23 684.20 23.00 BX_CENTRAL
BXC‐2 420479.00 3344206.00 680.00 120.00 BX_CENTRAL
BXC‐20 420509.00 3344143.00 690.00 120.00 BX_CENTRAL
121 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BXC20 420261.13 3344299.13 674.47 20.70 BX_CENTRAL
BXC‐21 420479.00 3344142.00 690.00 120.00 BX_CENTRAL
BXC21 420262.42 3344288.86 676.15 23.00 BX_CENTRAL
BXC‐22 420340.00 3344134.00 685.00 120.00 BX_CENTRAL
BXC22 420265.45 3344282.06 676.68 23.00 BX_CENTRAL
BXC‐23 420316.00 3344128.00 685.00 120.00 BX_CENTRAL
BXC‐24 420349.00 3344166.00 678.00 120.00 BX_CENTRAL
BXC‐25 420380.00 3344167.00 679.00 120.00 BX_CENTRAL
BXC25 420240.76 3344283.45 683.26 9.20 BX_CENTRAL
BXC‐26 420411.00 3344178.00 680.00 120.00 BX_CENTRAL
BXC‐27 420324.00 3344174.00 671.00 120.00 BX_CENTRAL
BXC‐28 420287.00 3344071.00 677.00 120.00 BX_CENTRAL
BXC‐29 420288.00 3344041.00 674.00 120.00 BX_CENTRAL
BXC29 420252.64 3344246.05 683.61 23.00 BX_CENTRAL
BXC‐3 420433.00 3344190.00 680.00 120.00 BX_CENTRAL
BXC‐30 420297.00 3344002.00 670.00 120.00 BX_CENTRAL
BXC30 420254.53 3344235.24 683.48 23.00 BX_CENTRAL
BXC‐31 420307.00 3343974.00 671.00 120.00 BX_CENTRAL
BXC31 420255.58 3344225.58 683.77 23.00 BX_CENTRAL
BXC‐32 420316.00 3343944.00 669.00 120.00 BX_CENTRAL
BXC32 420256.61 3344215.87 683.67 23.00 BX_CENTRAL
BXC33 420258.82 3344205.10 683.92 23.00 BX_CENTRAL
BXC‐33‐N 420261.00 3344217.00 664.00 86.00 BX_CENTRAL
BXC‐33‐S 420261.00 3344217.00 664.00 74.00 BX_CENTRAL
BXC‐33‐V 420261.00 3344217.00 664.00 106.00 BX_CENTRAL
BXC34 420266.35 3344187.02 684.05 23.00 BX_CENTRAL
BXC‐34‐N 420290.00 3344175.00 665.00 54.00 BX_CENTRAL
BXC‐34‐S 420290.00 3344175.00 665.00 66.00 BX_CENTRAL
BXC‐34‐V 420290.00 3344175.00 665.00 106.00 BX_CENTRAL
BXC35 420269.26 3344176.96 684.09 23.00 BX_CENTRAL
BXC‐35‐N 420297.00 3344350.00 685.00 120.00 BX_CENTRAL
BXC‐35‐S 420291.00 3344341.00 685.00 120.00 BX_CENTRAL
BXC‐35‐V 420295.00 3344346.00 685.00 120.00 BX_CENTRAL
BXC36 420271.98 3344166.68 684.20 23.00 BX_CENTRAL
BXC‐36‐N 420335.00 3344360.00 685.00 120.00 BX_CENTRAL
BXC‐36‐S 420329.00 3344350.00 685.00 120.00 BX_CENTRAL
BXC‐36‐V 420332.00 3344355.00 685.00 120.00 BX_CENTRAL
BXC37 420275.46 3344157.61 684.60 23.00 BX_CENTRAL
BXC‐37‐N 420370.00 3344353.00 685.00 120.00 BX_CENTRAL
BXC‐37‐S 420372.00 3344340.00 682.00 120.00 BX_CENTRAL
122 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BXC‐37‐V 420371.00 3344350.00 684.00 120.00 BX_CENTRAL
BXC38 420278.23 3344149.08 684.39 23.00 BX_CENTRAL
BXC‐38‐V 420380.00 3344312.00 684.00 90.00 BX_CENTRAL
BXC39 420281.57 3344139.81 684.01 23.00 BX_CENTRAL
BXC‐39‐N 420388.00 3344331.00 685.00 90.00 BX_CENTRAL
BXC‐39‐V 420388.00 3344331.00 685.00 90.00 BX_CENTRAL
BXC‐4 420408.00 3344213.00 684.00 122.00 BX_CENTRAL
BXC40 420285.02 3344130.10 683.63 23.00 BX_CENTRAL
BXC‐40‐N 420400.00 3344292.00 685.00 90.00 BX_CENTRAL
BXC‐40‐S 420397.00 3344287.00 685.00 106.00 BX_CENTRAL
BXC‐40‐V 420399.00 3344290.00 685.00 106.00 BX_CENTRAL
BXC41 420287.33 3344121.66 683.27 23.00 BX_CENTRAL
BXC‐41‐N 420264.00 3344193.00 665.00 120.00 BX_CENTRAL
BXC‐41‐V 420264.00 3344193.00 665.00 52.00 BX_CENTRAL
BXC42 420274.02 3344233.22 684.07 23.00 BX_CENTRAL
BXC‐42‐V 420233.00 3344264.00 679.00 106.00 BX_CENTRAL
BXC43 420271.77 3344242.88 682.59 23.00 BX_CENTRAL
BXC‐43‐N 420252.00 3344290.00 677.00 106.00 BX_CENTRAL
BXC‐43‐S 420250.00 3344285.00 677.00 106.00 BX_CENTRAL
BXC‐43‐V 420251.00 3344288.00 677.00 106.00 BX_CENTRAL
BXC‐44‐N 420275.00 3344303.00 676.00 120.00 BX_CENTRAL
BXC‐44‐S 420273.00 3344296.00 676.00 120.00 BX_CENTRAL
BXC‐44‐V 420274.00 3344299.00 676.00 120.00 BX_CENTRAL
BXC‐45‐N 420327.00 3344315.00 669.00 106.00 BX_CENTRAL
BXC‐45‐S 420326.00 3344309.00 669.00 106.00 BX_CENTRAL
BXC‐45‐V 420326.00 3344312.00 669.00 106.00 BX_CENTRAL
BXC‐46‐N 420360.00 3344310.00 670.00 120.00 BX_CENTRAL
BXC‐46‐S 420353.00 3344302.00 670.00 120.00 BX_CENTRAL
BXC‐46‐V 420357.00 3344306.00 670.00 120.00 BX_CENTRAL
BXC‐47‐N 420331.00 3344205.00 665.00 120.00 BX_CENTRAL
BXC‐47‐S 420331.00 3344205.00 665.00 120.00 BX_CENTRAL
BXC‐47‐V 420331.00 3344205.00 665.00 120.00 BX_CENTRAL
BXC‐48‐S 420560.00 3344084.00 740.00 106.00 BX_CENTRAL
BXC‐48‐V 420560.00 3344084.00 740.00 106.00 BX_CENTRAL
BXC‐49‐N 420504.00 3344253.00 669.00 106.00 BX_CENTRAL
BXC‐49‐S 420504.00 3344253.00 669.00 106.00 BX_CENTRAL
BXC‐49‐V 420504.00 3344253.00 669.00 106.00 BX_CENTRAL
BXC‐5 420407.00 3344271.00 685.00 122.00 BX_CENTRAL
BXC‐50‐N 420439.00 3344249.00 670.00 120.00 BX_CENTRAL
BXC‐50‐S 420439.00 3344249.00 670.00 120.00 BX_CENTRAL
123 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BXC‐50‐V 420439.00 3344249.00 670.00 120.00 BX_CENTRAL
BXC‐51‐N 420471.00 3344246.00 670.00 106.00 BX_CENTRAL
BXC‐51‐S 420471.00 3344246.00 670.00 106.00 BX_CENTRAL
BXC‐51‐V 420471.00 3344246.00 670.00 54.00 BX_CENTRAL
BXC‐52‐N 420643.00 3344156.00 719.00 90.00 BX_CENTRAL
BXC‐52‐V 420643.00 3344156.00 719.00 90.00 BX_CENTRAL
BXC‐53‐N 420606.00 3344112.00 719.00 90.00 BX_CENTRAL
BXC‐53‐S 420606.00 3344112.00 719.00 90.00 BX_CENTRAL
BXC‐53‐V 420606.00 3344112.00 719.00 90.00 BX_CENTRAL
BXC‐54‐N 420256.00 3344245.00 664.00 92.00 BX_CENTRAL
BXC‐54‐S 420256.00 3344245.00 664.00 50.00 BX_CENTRAL
BXC‐54‐V 420256.00 3344245.00 664.00 106.00 BX_CENTRAL
BXC‐55‐N 420283.00 3344226.00 663.00 120.00 BX_CENTRAL
BXC‐55‐S 420283.00 3344226.00 663.00 120.00 BX_CENTRAL
BXC‐55‐V 420283.00 3344226.00 663.00 120.00 BX_CENTRAL
BXC‐56‐N 420661.00 3344051.00 711.00 106.00 BX_CENTRAL
BXC‐56‐S 420661.00 3344051.00 711.00 106.00 BX_CENTRAL
BXC‐56‐V 420661.00 3344051.00 711.00 106.00 BX_CENTRAL
BXC‐57‐S 420521.00 3344070.00 751.00 84.00 BX_CENTRAL
BXC‐58 420488.00 3344075.00 750.00 91.00 BX_CENTRAL
BXC‐59 420459.00 3344082.00 750.00 90.00 BX_CENTRAL
BXC‐6 420424.00 3344322.00 710.00 60.00 BX_CENTRAL
BXC‐60 420430.00 3344087.00 750.00 90.00 BX_CENTRAL
BXC‐61‐N 420413.00 3344253.00 671.00 120.00 BX_CENTRAL
BXC‐61‐S 420413.00 3344253.00 671.00 120.00 BX_CENTRAL
BXC‐61‐V 420413.00 3344253.00 671.00 120.00 BX_CENTRAL
BXC‐62‐N 420552.00 3344005.00 715.00 106.00 BX_CENTRAL
BXC‐62‐S 420552.00 3344005.00 715.00 106.00 BX_CENTRAL
BXC‐62‐V 420552.00 3344005.00 715.00 106.00 BX_CENTRAL
BXC‐63 420516.00 3344040.00 751.00 63.00 BX_CENTRAL
BXC‐635‐1 420199.10 3344112.41 635.42 17.50 BX_CENTRAL
BXC‐635‐10 420170.85 3344145.44 637.17 17.50 BX_CENTRAL
BXC‐635‐11 420167.34 3344149.14 638.02 17.50 BX_CENTRAL
BXC‐635‐12 420163.32 3344153.53 638.84 17.50 BX_CENTRAL
BXC‐635‐2 420195.95 3344116.01 635.33 17.50 BX_CENTRAL
BXC‐635‐3 420192.84 3344119.98 635.22 17.50 BX_CENTRAL
BXC‐635‐4 420189.57 3344123.59 635.18 17.50 BX_CENTRAL
BXC‐635‐5 420187.20 3344128.69 635.19 17.50 BX_CENTRAL
BXC‐635‐6 420183.13 3344131.39 635.19 17.50 BX_CENTRAL
BXC‐635‐7 420179.98 3344134.80 635.32 17.50 BX_CENTRAL
124 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BXC‐635‐8 420177.11 3344138.67 635.62 17.50 BX_CENTRAL
BXC‐635‐9 420173.80 3344141.77 636.27 17.50 BX_CENTRAL
BXC‐64 420497.00 3344039.00 751.00 90.00 BX_CENTRAL
BXC‐65 420468.00 3344050.00 750.00 90.00 BX_CENTRAL
BXC‐66 420429.00 3344061.00 750.00 90.00 BX_CENTRAL
BXC‐67‐V 420612.00 3344013.00 715.00 106.00 BX_CENTRAL
BXC‐68‐N 420362.00 3344261.00 670.00 120.00 BX_CENTRAL
BXC‐68‐S 420362.00 3344261.00 670.00 120.00 BX_CENTRAL
BXC‐68‐V 420362.00 3344261.00 670.00 94.00 BX_CENTRAL
BXC‐69‐N 420641.00 3344035.00 714.00 106.00 BX_CENTRAL
BXC‐69‐S 420641.00 3344035.00 714.00 106.00 BX_CENTRAL
BXC‐69‐V 420641.00 3344035.00 714.00 106.00 BX_CENTRAL
BXC‐7 420426.00 3344307.00 710.00 60.00 BX_CENTRAL
BXC‐70‐N 420675.00 3344025.00 702.00 106.00 BX_CENTRAL
BXC‐70‐S 420675.00 3344025.00 702.00 106.00 BX_CENTRAL
BXC‐70‐V 420675.00 3344025.00 702.00 106.00 BX_CENTRAL
BXC‐71‐N 420665.00 3344019.00 702.00 106.00 BX_CENTRAL
BXC‐71‐S 420665.00 3344019.00 702.00 106.00 BX_CENTRAL
BXC‐71‐V 420665.00 3344019.00 702.00 106.00 BX_CENTRAL
BXC‐72‐N 420651.00 3343996.00 696.00 106.00 BX_CENTRAL
BXC‐72‐S 420651.00 3343996.00 696.00 106.00 BX_CENTRAL
BXC‐72‐V 420651.00 3343996.00 696.00 106.00 BX_CENTRAL
BXC‐73‐E 420712.00 3344049.00 695.00 106.00 BX_CENTRAL
BXC‐73‐S 420712.00 3344049.00 695.00 106.00 BX_CENTRAL
BXC‐73‐SE 420712.00 3344049.00 695.00 106.00 BX_CENTRAL
BXC‐73‐V 420712.00 3344049.00 695.00 106.00 BX_CENTRAL
BXC‐74 420613.00 3343955.00 686.00 106.00 BX_CENTRAL
BXC‐75 420613.00 3343955.00 686.00 106.00 BX_CENTRAL
BXC‐76 420613.00 3343955.00 686.00 106.00 BX_CENTRAL
BXC‐77 420513.00 3343904.00 685.00 106.00 BX_CENTRAL
BXC‐78‐N 420363.00 3344276.00 669.00 120.00 BX_CENTRAL
BXC‐78‐S 420358.00 3344266.00 669.00 120.00 BX_CENTRAL
BXC‐78‐V 420361.00 3344271.00 669.00 120.00 BX_CENTRAL
BXC‐79‐N 420545.00 3344250.00 665.00 120.00 BX_CENTRAL
BXC‐79‐S 420541.00 3344244.00 665.00 90.00 BX_CENTRAL
BXC‐79‐V 420547.00 3344248.00 665.00 120.00 BX_CENTRAL
BXC‐80‐N 420554.00 3344237.00 664.00 120.00 BX_CENTRAL
BXC‐81 420513.00 3343904.00 685.00 120.00 BX_CENTRAL
BXC‐82 420513.00 3343904.00 685.00 106.00 BX_CENTRAL
BXC‐83 420749.00 3343977.00 663.00 106.00 BX_CENTRAL
125 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
BXC‐84 420749.00 3343977.00 663.00 106.00 BX_CENTRAL
BXC‐85 420778.00 3343996.00 661.00 106.00 BX_CENTRAL
BXC‐86 420778.00 3343996.00 661.00 106.00 BX_CENTRAL
BXC‐87 420790.00 3344024.00 665.00 106.00 BX_CENTRAL
BXC‐88 420790.00 3344024.00 665.00 106.00 BX_CENTRAL
BXC‐89 420781.00 3344052.00 667.00 106.00 BX_CENTRAL
BXC‐9 420305.00 3344340.00 685.00 122.00 BX_CENTRAL
BXC‐90 420781.00 3344052.00 667.00 80.00 BX_CENTRAL
BXC‐91 420781.00 3344052.00 667.00 106.00 BX_CENTRAL
BXC‐92‐S 420565.00 3344074.00 739.00 120.00 BX_CENTRAL
BXC‐92‐V 420568.00 3344079.00 739.00 120.00 BX_CENTRAL
BXC‐95‐N 420546.00 3344068.00 739.00 120.00 BX_CENTRAL
BXC‐95‐S 420542.00 3344058.00 740.00 114.00 BX_CENTRAL
BXC‐95‐V 420545.00 3344064.00 739.00 120.00 BX_CENTRAL
BXC‐96‐N 420573.00 3344055.00 739.00 120.00 BX_CENTRAL
BXC‐96‐S 420570.00 3344050.00 739.00 120.00 BX_CENTRAL
BXC‐96‐V 420572.00 3344054.00 739.00 120.00 BX_CENTRAL
BXC‐97 420500.00 3344090.00 734.00 106.00 BX_CENTRAL
BXC‐98 420500.00 3344090.00 734.00 106.00 BX_CENTRAL
BXC‐99 420442.00 3344103.00 730.00 106.00 BX_CENTRAL
CC‐001 419716.66 3344333.63 606.76 74.67 BX_CENTRAL
CC‐002 421049.83 3344177.06 645.78 150.87 BX_CENTRAL
CC‐003 421043.81 3344173.17 646.96 100.58 BX_CENTRAL
CC‐004 421055.00 3344181.10 645.88 150.87 BX_CENTRAL
CC‐005 421053.40 3344178.30 646.73 150.87 BX_CENTRAL
CC‐006 420097.50 3343879.60 628.33 115.82 BX_CENTRAL
CC‐007 420097.71 3343879.05 628.51 64.00 BX_CENTRAL
CC‐008 420167.40 3344008.21 659.11 42.67 BX_CENTRAL
CC‐009 420231.27 3343889.95 651.91 132.58 BX_CENTRAL
CC‐010 420208.12 3343917.98 654.17 132.58 BX_CENTRAL
CC‐011 420208.71 3343919.16 654.04 132.58 BX_CENTRAL
CC‐012 420091.07 3343943.21 632.51 115.82 BX_CENTRAL
CC‐013 420161.37 3343889.72 639.40 115.82 BX_CENTRAL
CC‐014 420161.93 3343890.20 639.34 103.63 BX_CENTRAL
CC‐015 419857.36 3343918.46 616.56 77.72 BX_CENTRAL
CC‐016 420180.25 3344058.73 663.74 150.00 BX_CENTRAL
CC‐017 421027.82 3344226.33 664.04 100.58 BX_CENTRAL
CC‐018 421024.09 3344221.81 664.46 89.91 BX_CENTRAL
CC‐019 421034.12 3344232.62 663.56 74.67 BX_CENTRAL
CC‐020 420986.49 3344210.01 667.56 89.91 BX_CENTRAL
126 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
CC‐021 420988.17 3344210.05 667.44 74.67 BX_CENTRAL
CC‐022 420932.77 3344192.75 664.64 74.67 BX_CENTRAL
CC‐023 420930.39 3344191.91 664.76 25.90 BX_CENTRAL
CC‐024 421053.00 3344268.51 658.48 80.77 BX_CENTRAL
CC‐025 421053.78 3344266.28 659.76 92.96 BX_CENTRAL
CC‐026 421052.00 3344251.90 659.53 74.67 BX_CENTRAL
CC‐027 421007.80 3344217.00 666.83 71.62 BX_CENTRAL
CC‐028 421029.18 3344223.85 663.78 80.77 BX_CENTRAL
CC‐029 420989.91 3344207.36 666.88 106.68 BX_CENTRAL
CC‐030 420960.90 3344198.30 666.13 51.81 BX_CENTRAL
CC‐031 420933.26 3344190.06 663.05 74.67 BX_CENTRAL
CC‐032 420902.19 3344198.90 665.43 71.62 BX_CENTRAL
CC‐033 421023.10 3344273.43 673.06 80.77 BX_CENTRAL
CC‐034 421023.60 3344270.40 672.93 83.82 BX_CENTRAL
CC‐035 421011.21 3344257.30 674.56 89.91 BX_CENTRAL
CC‐036 421011.80 3344255.00 674.13 112.77 BX_CENTRAL
CC‐037 420995.50 3344240.10 676.13 64.00 BX_CENTRAL
CC‐038 420976.31 3344235.00 677.46 71.62 BX_CENTRAL
CC‐039 420977.30 3344232.80 677.23 71.62 BX_CENTRAL
CC‐040 420953.69 3344222.70 675.43 71.62 BX_CENTRAL
CC‐041 420924.60 3344217.40 673.23 68.58 BX_CENTRAL
CC‐042 420919.79 3344218.18 673.86 92.96 BX_CENTRAL
CC‐043 421025.24 3344272.14 671.88 48.76 BX_CENTRAL
CC‐044 420431.59 3343941.02 702.62 121.91 BX_CENTRAL
CC‐045 420414.28 3343938.12 703.44 89.91 BX_CENTRAL
CC‐046 420412.04 3343938.54 701.80 124.96 BX_CENTRAL
CC‐047 420126.83 3343883.86 633.01 97.53 BX_CENTRAL
CC‐048 420155.30 3343997.10 658.13 32.00 BX_CENTRAL
CC‐049 420180.80 3344016.50 663.83 68.58 BX_CENTRAL
CC‐050 420204.43 3343987.33 666.06 129.53 BX_CENTRAL
CC‐051 420224.10 3343953.20 667.43 115.82 BX_CENTRAL
CC‐052 420258.00 3343931.70 668.43 126.49 BX_CENTRAL
CC‐053 420168.10 3343914.00 648.91 126.49 BX_CENTRAL
CC‐054 420166.10 3343937.20 648.31 118.87 BX_CENTRAL
CC‐055 420187.90 3343929.90 650.53 121.91 BX_CENTRAL
CC‐056 420064.04 3343874.56 622.44 65.53 BX_CENTRAL
CC‐057 420870.90 3344197.30 662.53 54.86 BX_CENTRAL
CC‐058 420961.78 3344195.75 666.08 60.95 BX_CENTRAL
CC‐059 421008.99 3344214.45 666.58 80.77 BX_CENTRAL
CC‐060 421031.53 3344226.00 663.66 74.67 BX_CENTRAL
127 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
CC‐061 421054.93 3344258.90 659.76 74.67 BX_CENTRAL
CC‐062 420414.80 3343940.10 703.23 150.87 BX_CENTRAL
CC‐063 419901.56 3343942.26 613.76 65.53 BX_CENTRAL
CC‐064 419986.93 3343990.13 618.86 60.95 BX_CENTRAL
CC‐065 420361.19 3344190.90 766.23 182.88 BX_CENTRAL
CC‐066 420364.59 3344190.70 766.61 57.91 BX_CENTRAL
CC‐067 420363.85 3344190.60 766.58 121.91 BX_CENTRAL
CC‐068 420359.34 3344190.80 766.48 129.53 BX_CENTRAL
CC‐069 420357.81 3344190.54 766.51 112.77 BX_CENTRAL
CC‐070 420400.69 3344191.70 767.03 179.83 BX_CENTRAL
CC‐071 420403.06 3344191.00 767.28 106.68 BX_CENTRAL
CC‐072 420405.18 3344191.00 767.71 51.82 BX_CENTRAL
CC‐073 420398.02 3344191.00 767.14 118.87 BX_CENTRAL
CC‐074 420369.19 3344210.10 767.83 121.91 BX_CENTRAL
CC‐075 420368.99 3344212.60 766.01 121.91 BX_CENTRAL
CC‐076 420470.19 3344169.20 791.73 153.92 BX_CENTRAL
CC‐077 420468.73 3344168.28 791.64 138.68 BX_CENTRAL
CC‐078 420481.98 3344173.36 791.36 150.87 BX_CENTRAL
CC‐079 420468.00 3344177.86 791.18 135.63 BX_CENTRAL
CC‐080 420474.55 3344183.26 791.24 118.87 BX_CENTRAL
CC‐081 420468.10 3344148.50 783.53 121.91 BX_CENTRAL
CC‐082 420436.40 3344191.50 782.13 92.96 BX_CENTRAL
CC‐083 420437.56 3344191.50 782.18 135.63 BX_CENTRAL
CC‐084 420394.51 3344191.51 767.21 97.53 BX_CENTRAL
CC‐085 420379.72 3344213.16 766.04 138.68 BX_CENTRAL
CC‐086 419988.00 3343990.40 618.63 57.91 BX_CENTRAL
CC‐087 421141.80 3344333.70 621.13 86.86 BX_CENTRAL
CC‐088 420132.43 3343865.36 631.11 126.49 BX_CENTRAL
CC‐089 420133.10 3343863.30 630.93 60.95 BX_CENTRAL
CC‐090 420069.83 3343859.76 623.31 60.95 BX_CENTRAL
CC‐091 420070.40 3343858.20 623.13 60.95 BX_CENTRAL
CC‐092 420242.60 3343945.00 668.63 153.92 BX_CENTRAL
CC‐093 420256.78 3343932.76 668.71 150.87 BX_CENTRAL
CC‐094 420257.23 3343935.87 668.84 156.97 BX_CENTRAL
CC‐095 420257.46 3343935.09 668.66 144.77 BX_CENTRAL
CC‐096 420272.90 3343988.10 690.13 150.87 BX_CENTRAL
CC‐097 420508.10 3344223.90 763.23 150.87 BX_CENTRAL
CC‐098 420475.30 3344222.90 764.93 135.63 BX_CENTRAL
CC‐099 420435.80 3344216.90 764.43 135.63 BX_CENTRAL
CC‐100 420396.30 3344197.09 768.01 121.91 BX_CENTRAL
128 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
CC‐101 420361.19 3344204.59 767.51 135.63 BX_CENTRAL
CC‐102 420361.40 3344200.11 766.34 103.63 BX_CENTRAL
CC‐103 420359.63 3344193.93 766.34 89.91 BX_CENTRAL
CC‐104 420359.75 3344196.44 766.61 106.68 BX_CENTRAL
CC‐105 420361.21 3344195.28 766.38 106.68 BX_CENTRAL
CC‐106 420396.30 3344195.26 767.78 89.91 BX_CENTRAL
CC‐107 420361.40 3344202.56 767.18 89.91 BX_CENTRAL
CC‐108 420415.69 3344211.70 765.43 89.91 BX_CENTRAL
CC‐109 420561.67 3344210.27 757.28 121.91 BX_CENTRAL
CC‐110 420562.50 3344210.60 757.23 121.91 BX_CENTRAL
CC‐111 420550.30 3344195.40 759.13 126.49 BX_CENTRAL
CC‐112 420450.30 3344168.90 784.73 126.49 BX_CENTRAL
CC‐113 420434.30 3344187.01 782.04 106.68 BX_CENTRAL
CC‐114 420475.38 3344169.40 791.94 176.78 BX_CENTRAL
CC‐115 420474.23 3344169.30 791.85 150.87 BX_CENTRAL
CC‐116 420537.60 3344179.80 761.53 144.77 BX_CENTRAL
CC‐117 420602.40 3344210.20 756.93 115.82 BX_CENTRAL
CC‐118 420508.60 3344222.40 763.26 141.73 BX_CENTRAL
CC‐119 420508.60 3344221.71 763.34 112.77 BX_CENTRAL
CC‐120 420538.90 3344218.50 760.63 150.87 BX_CENTRAL
CC‐121 420602.40 3344208.13 756.88 89.91 BX_CENTRAL
CC‐122 420602.80 3344236.40 751.43 121.91 BX_CENTRAL
CC‐123 420602.69 3344236.93 751.28 121.91 BX_CENTRAL
CC‐124 420602.43 3344235.29 751.73 135.63 BX_CENTRAL
CC‐125 420641.00 3344217.50 758.83 124.96 BX_CENTRAL
CC‐126 420659.90 3344235.10 757.63 147.82 BX_CENTRAL
CC‐127 420659.69 3344221.50 757.73 156.97 BX_CENTRAL
CC‐128 420678.40 3344231.90 756.63 138.68 BX_CENTRAL
CC‐129 420582.40 3344205.30 756.93 115.82 BX_CENTRAL
CC‐130 420620.18 3344211.84 757.30 118.87 BX_CENTRAL
CC‐131 420495.38 3344224.50 764.03 106.68 BX_CENTRAL
CC‐132 420495.18 3344225.23 763.94 126.49 BX_CENTRAL
CC‐133 420468.30 3344218.96 765.06 97.53 BX_CENTRAL
CC‐134 420468.40 3344171.91 681.89 126.49 BX_CENTRAL
CC‐135 420599.20 3344233.97 751.54 141.73 BX_CENTRAL
CC‐136 420606.49 3344237.57 751.34 106.68 BX_CENTRAL
CC‐137 420514.47 3344220.06 763.24 118.87 BX_CENTRAL
CC‐138 420461.67 3344217.71 765.36 106.68 BX_CENTRAL
CC‐139 420414.60 3344207.56 765.86 97.53 BX_CENTRAL
CC‐140 420396.69 3344256.56 739.46 103.63 BX_CENTRAL
129 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
CC‐141 420396.80 3344258.50 738.93 51.81 BX_CENTRAL
CC‐142 420360.80 3344246.56 740.26 109.72 BX_CENTRAL
CC‐143 420361.10 3344248.40 739.73 57.91 BX_CENTRAL
CC‐144 420324.19 3344249.16 740.06 100.58 BX_CENTRAL
CC‐145 420324.10 3344251.30 739.73 54.86 BX_CENTRAL
CC‐146 420296.82 3344237.66 736.16 129.53 BX_CENTRAL
CC‐147 420296.90 3344240.10 735.93 48.76 BX_CENTRAL
CC‐148 419944.00 3343967.00 615.03 60.95 BX_CENTRAL
CC‐149 419964.00 3343931.80 616.43 48.76 BX_CENTRAL
CC‐150 419933.60 3343983.40 614.63 51.81 BX_CENTRAL
CC‐151 419954.50 3343949.10 615.83 68.58 BX_CENTRAL
CC‐152 419922.80 3344000.50 614.63 45.72 BX_CENTRAL
CC‐153 420006.40 3343955.30 620.03 60.95 BX_CENTRAL
CC‐154 419997.60 3343973.40 619.43 60.95 BX_CENTRAL
CC‐155 419977.10 3344007.60 617.83 60.95 BX_CENTRAL
CC‐156 420016.00 3343938.00 620.73 57.91 BX_CENTRAL
CC‐157 420414.62 3343943.08 703.41 150.87 BX_CENTRAL
CC‐158 420432.18 3343943.96 703.94 161.54 BX_CENTRAL
CC‐159 420323.19 3344161.33 708.96 103.63 BX_CENTRAL
CC‐160 420295.09 3343944.13 684.88 135.63 BX_CENTRAL
CC‐161 420209.70 3343972.94 666.74 103.63 BX_CENTRAL
CC‐162 420030.81 3343838.40 618.56 39.62 BX_CENTRAL
GM1 420348.80 3343981.03 690.21 152.50 BX_CENTRAL
GM10 420160.33 3344448.72 642.17 106.00 BX_CENTRAL
GM100 420799.70 3344200.47 694.39 60.00 BX_CENTRAL
GM101 420948.28 3344144.47 646.36 120.00 BX_CENTRAL
GM102 420905.34 3344124.24 649.89 120.00 BX_CENTRAL
GM103 420874.11 3344198.20 663.44 120.00 BX_CENTRAL
GM104 420928.10 3344194.06 664.43 74.00 BX_CENTRAL
GM105 420247.68 3344027.07 676.98 74.00 BX_CENTRAL
GM106 420257.96 3344004.15 677.63 88.00 BX_CENTRAL
GM107 420237.32 3344049.28 677.63 120.00 BX_CENTRAL
GM108 420425.21 3343941.49 644.38 112.00 BX_CENTRAL
GM109 420434.25 3343920.11 643.85 52.00 BX_CENTRAL
GM11 420170.48 3344389.91 648.95 92.00 BX_CENTRAL
GM110 420425.78 3343943.11 644.47 104.00 BX_CENTRAL
GM111 420443.35 3343896.98 644.59 28.00 BX_CENTRAL
GM112 420275.75 3343962.60 680.42 120.00 BX_CENTRAL
GM113 420204.02 3344031.29 670.17 106.00 BX_CENTRAL
GM114 420212.71 3344003.34 670.64 120.00 BX_CENTRAL
130 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
GM115 420217.83 3343977.24 669.89 100.00 BX_CENTRAL
GM116 420231.08 3343949.61 667.49 70.00 BX_CENTRAL
GM117 420227.05 3344069.35 678.02 120.00 BX_CENTRAL
GM118 420272.03 3343935.61 671.21 120.00 BX_CENTRAL
GM119 420288.25 3344088.03 679.66 116.00 BX_CENTRAL
GM12 420184.29 3344344.89 654.87 144.00 BX_CENTRAL
GM120 420328.25 3343977.00 689.56 18.00 BX_CENTRAL
GM121 420281.59 3344112.34 682.57 68.00 BX_CENTRAL
GM122 420323.75 3343970.88 684.74 84.00 BX_CENTRAL
GM123 420322.97 3343859.29 653.96 80.00 BX_CENTRAL
GM124 420265.57 3343990.12 677.90 120.00 BX_CENTRAL
GM125 420305.21 3344045.21 690.32 120.00 BX_CENTRAL
GM126 420214.76 3344121.39 645.35 80.00 BX_CENTRAL
GM127 420107.35 3343930.66 564.86 64.00 BX_CENTRAL
GM128 420197.32 3344166.25 645.84 32.00 BX_CENTRAL
GM129 420198.53 3344111.34 645.49 60.00 BX_CENTRAL
GM130 420181.60 3344096.88 644.56 64.00 BX_CENTRAL
GM13‐1 420190.12 3344317.50 657.85 146.00 BX_CENTRAL
GM131 420199.59 3344157.15 645.01 60.00 BX_CENTRAL
GM13‐2 420190.00 3344300.00 661.00 126.00 BX_CENTRAL
GM132 420290.01 3343919.00 645.02 78.00 BX_CENTRAL
GM133 420379.12 3343925.10 640.25 70.00 BX_CENTRAL
GM134 420390.51 3343899.50 640.45 10.00 BX_CENTRAL
GM135 420391.48 3343897.16 640.75 52.00 BX_CENTRAL
GM136 420384.26 3343913.23 640.25 60.00 BX_CENTRAL
GM138 420308.19 3344139.87 684.20 76.00 BX_CENTRAL
GM139 420302.45 3344150.28 685.42 78.00 BX_CENTRAL
GM14 420190.00 3344300.00 661.00 116.00 BX_CENTRAL
GM140 420309.19 3344139.71 684.51 90.00 BX_CENTRAL
GM141 420316.51 3344129.51 684.21 78.00 BX_CENTRAL
GM142 420174.88 3344097.59 640.15 96.00 BX_CENTRAL
GM143 420334.49 3344097.59 640.65 26.00 BX_CENTRAL
GM144 420331.98 3343822.05 640.60 94.00 BX_CENTRAL
GM145 420330.65 3343822.93 640.66 40.00 BX_CENTRAL
GM146 420626.80 3344291.52 724.67 104.00 BX_CENTRAL
GM147 420585.37 3344363.58 685.66 18.00 BX_CENTRAL
GM148 420590.30 3344365.86 685.48 80.00 BX_CENTRAL
GM149 420589.20 3344369.49 685.14 88.00 BX_CENTRAL
GM15 420301.32 3344098.32 684.01 120.00 BX_CENTRAL
GM150 420479.83 3344089.47 771.77 96.00 BX_CENTRAL
131 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
GM151 420479.69 3344089.95 771.66 120.00 BX_CENTRAL
GM152 420479.75 3344090.88 771.84 114.00 BX_CENTRAL
GM153 420461.67 3344136.63 771.75 120.00 BX_CENTRAL
GM154 420587.66 3344068.09 733.53 120.00 BX_CENTRAL
GM155 420570.45 3344086.23 737.61 120.00 BX_CENTRAL
GM156 420560.96 3344108.24 742.25 116.00 BX_CENTRAL
GM157 420558.83 3344157.72 748.51 120.00 BX_CENTRAL
GM158 420555.54 3344182.94 752.95 86.00 BX_CENTRAL
GM159 420567.92 3344208.15 757.14 64.00 BX_CENTRAL
GM16 420266.30 3344078.53 683.78 118.00 BX_CENTRAL
GM161 420658.56 3344015.68 702.88 120.00 BX_CENTRAL
GM162 420679.76 3344029.19 702.75 120.00 BX_CENTRAL
GM163 420683.37 3344057.39 704.90 84.00 BX_CENTRAL
GM164 420659.05 3344013.05 702.56 120.00 BX_CENTRAL
GM166 420647.81 3344120.45 702.38 86.00 BX_CENTRAL
GM167 420681.55 3343956.26 667.72 14.00 BX_CENTRAL
GM168 420728.89 3343971.00 665.67 120.00 BX_CENTRAL
GM169 420730.18 3343966.66 666.02 16.00 BX_CENTRAL
GM17 420285.89 3344043.74 685.13 76.00 BX_CENTRAL
GM170 421071.66 3344057.87 632.45 10.00 BX_CENTRAL
GM171 421021.86 3343964.49 636.58 18.00 BX_CENTRAL
GM172 420824.60 3343945.73 646.71 102.00 BX_CENTRAL
GM173 420504.07 3344376.78 685.30 120.00 BX_CENTRAL
GM174 420415.95 3344362.94 684.25 120.00 BX_CENTRAL
GM175 420414.10 3344367.14 683.38 86.00 BX_CENTRAL
GM177 421036.22 3344169.57 647.68 120.00 BX_CENTRAL
GM179 420950.44 3344138.97 646.49 120.00 BX_CENTRAL
GM18 420113.63 3343964.60 564.66 26.00 BX_CENTRAL
GM180 420402.97 3344663.20 631.12 44.00 BX_CENTRAL
GM181 420417.22 3344621.25 634.82 106.00 BX_CENTRAL
GM182 420413.76 3344630.38 634.11 40.00 BX_CENTRAL
GM183 420398.47 3344521.51 644.80 120.00 BX_CENTRAL
GM19 420117.19 3343955.09 565.28 18.00 BX_CENTRAL
GM2 420114.50 3344063.58 610.26 85.40 BX_CENTRAL
GM20 420120.59 3343945.29 565.45 40.00 BX_CENTRAL
GM21 420124.50 3343934.47 565.04 36.00 BX_CENTRAL
GM22 420128.42 3343923.87 565.05 40.00 BX_CENTRAL
GM23 420090.71 3343969.14 564.57 24.00 BX_CENTRAL
GM24 420095.54 3343959.31 564.79 24.00 BX_CENTRAL
GM25 420099.54 3343949.90 564.95 26.00 BX_CENTRAL
132 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
GM26 420103.06 3343940.62 564.88 30.00 BX_CENTRAL
GM27 420107.35 3343930.66 564.86 34.00 BX_CENTRAL
GM28 420111.54 3343918.89 564.63 30.00 BX_CENTRAL
GM29 420068.95 3343963.84 564.85 22.00 BX_CENTRAL
GM3 420275.82 3344156.40 686.35 152.50 BX_CENTRAL
GM30 420099.56 3343950.04 564.78 16.00 BX_CENTRAL
GM31 420077.75 3343942.80 564.91 22.00 BX_CENTRAL
GM32 420081.94 3343932.25 564.92 24.00 BX_CENTRAL
GM33 420085.13 3343922.09 564.93 24.00 BX_CENTRAL
GM34 420088.82 3343912.88 565.08 20.00 BX_CENTRAL
GM35 420114.66 3343907.94 564.69 28.00 BX_CENTRAL
GM36 420132.88 3343913.43 564.98 34.00 BX_CENTRAL
GM37 420044.61 3343971.92 565.64 14.00 BX_CENTRAL
GM38 420048.02 3343961.94 565.22 14.00 BX_CENTRAL
GM39 420198.96 3343863.16 603.37 46.00 BX_CENTRAL
GM4 420291.93 3344115.57 684.92 152.50 BX_CENTRAL
GM40 420176.36 3343862.37 604.60 46.00 BX_CENTRAL
GM41 420153.33 3343859.16 606.27 36.00 BX_CENTRAL
GM42 420130.49 3343856.30 607.71 30.00 BX_CENTRAL
GM43 420108.72 3343854.36 609.28 34.00 BX_CENTRAL
GM44 420088.24 3343846.16 611.19 36.00 BX_CENTRAL
GM45 420069.56 3343838.15 613.44 34.00 BX_CENTRAL
GM46 420057.31 3343818.92 615.43 18.00 BX_CENTRAL
GM47 420037.33 3343808.27 617.49 22.00 BX_CENTRAL
GM48 420037.69 3343830.17 617.46 24.00 BX_CENTRAL
GM49 420035.87 3343849.40 615.50 22.00 BX_CENTRAL
GM5 420503.84 3344220.80 764.55 152.50 BX_CENTRAL
GM50 420011.25 3343875.74 609.97 40.00 BX_CENTRAL
GM51 420022.87 3343897.20 610.28 34.00 BX_CENTRAL
GM52 420033.85 3343877.52 610.31 28.00 BX_CENTRAL
GM53 419989.39 3343872.89 609.62 34.00 BX_CENTRAL
GM54 419987.85 3343854.89 609.35 36.00 BX_CENTRAL
GM55 420258.26 3343877.91 652.45 50.00 BX_CENTRAL
GM56 420272.29 3343873.96 653.74 50.00 BX_CENTRAL
GM57 420272.40 3343853.49 648.61 42.00 BX_CENTRAL
GM58 420254.31 3343860.09 647.96 50.00 BX_CENTRAL
GM59 420264.32 3343868.74 651.15 50.00 BX_CENTRAL
GM6 420242.59 3343990.59 678.23 152.50 BX_CENTRAL
GM60 420264.32 3343846.34 647.00 40.00 BX_CENTRAL
GM61 420197.62 3343866.54 605.05 76.00 BX_CENTRAL
133 | Page

HOLE EASTING NORTHING ELEVATION HLENGTH AREA
GM62 420175.80 3343863.90 606.75 100.00 BX_CENTRAL
GM63 420152.30 3343862.60 608.17 70.00 BX_CENTRAL
GM64 420129.50 3343859.98 609.64 66.00 BX_CENTRAL
GM65 420056.79 3343820.30 611.32 48.00 BX_CENTRAL
GM66 420087.81 3343848.98 613.20 50.00 BX_CENTRAL
GM67 420068.76 3343841.35 615.27 66.00 BX_CENTRAL
GM68 420056.79 3343820.30 617.30 24.00 BX_CENTRAL
GM69 420135.86 3343904.95 565.10 40.00 BX_CENTRAL
GM7 420225.91 3344024.79 678.26 152.50 BX_CENTRAL
GM70 420114.91 3343906.89 564.91 36.00 BX_CENTRAL
GM71 420089.59 3343909.18 565.41 20.00 BX_CENTRAL
GM72 420068.93 3343918.44 566.37 16.00 BX_CENTRAL
GM73 420059.29 3343938.49 565.05 10.00 BX_CENTRAL
GM74 420035.85 3343958.19 565.73 14.00 BX_CENTRAL
GM75 420072.27 3344001.71 579.22 38.00 BX_CENTRAL
GM76 420085.16 3344003.63 577.73 40.00 BX_CENTRAL
GM77 420097.61 3344006.08 576.49 38.00 BX_CENTRAL
GM78 420136.32 3343997.76 574.13 22.00 BX_CENTRAL
GM79 420140.99 3343986.05 574.20 30.00 BX_CENTRAL
GM8 420359.73 3343922.95 660.33 150.98 BX_CENTRAL
GM80 420157.00 3343934.69 571.13 30.00 BX_CENTRAL
GM81 420152.55 3343945.40 569.22 54.00 BX_CENTRAL
GM82 420147.71 3343957.97 567.95 36.00 BX_CENTRAL
GM83 420269.50 3344439.21 678.36 134.00 BX_CENTRAL
GM84 420290.14 3344392.93 695.79 118.00 BX_CENTRAL
GM85 420300.23 3344375.24 699.99 138.00 BX_CENTRAL
GM86 420300.95 3344373.60 700.13 139.00 BX_CENTRAL
GM87 420297.75 3344372.58 700.19 118.00 BX_CENTRAL
GM88 420314.93 3344343.55 711.59 100.00 BX_CENTRAL
GM89 420316.02 3344342.13 711.72 118.00 BX_CENTRAL
GM9 420149.62 3344489.47 637.86 114.00 BX_CENTRAL
GM90 420314.23 3344341.48 711.98 120.00 BX_CENTRAL
GM91 420315.96 3344306.45 727.04 128.00 BX_CENTRAL
GM92 420318.51 3344307.25 727.25 120.00 BX_CENTRAL
GM93 420319.71 3344308.60 727.21 84.00 BX_CENTRAL
GM94 420315.51 3344244.63 731.60 100.00 BX_CENTRAL
GM95 420312.81 3344243.56 731.49 124.00 BX_CENTRAL
GM96 420309.87 3344242.16 731.34 120.00 BX_CENTRAL
GM97 420320.87 3343998.76 687.68 120.00 BX_CENTRAL
GM98 420311.62 3344020.34 688.07 120.00 BX_CENTRAL
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HOLE EASTING NORTHING ELEVATION HLENGTH AREA
GM99 420809.28 3344170.92 689.77 72.00 BX_CENTRAL
HA‐1 420266.05 3344032.12 665.10 120.00 HARRIS
HA‐2 420273.25 3344001.49 665.00 120.00 HARRIS
HA‐3 420282.00 3343975.00 664.00 120.00 HARRIS
HA‐4 420294.94 3343947.00 665.00 89.00 HARRIS
HA‐5 420296.00 3343934.00 665.00 120.00 HARRIS
HA‐6 420247.00 3344078.00 659.00 120.00 HARRIS
HA‐7 420260.00 3344032.00 665.00 120.00 HARRIS
HA‐8 420260.00 3344032.00 665.00 120.00 HARRIS
HR1 420006.59 3343893.09 610.34 24.00 HARRIS
HR10 420316.60 3343915.86 663.66 60.00 HARRIS
HR2 420098.23 3343862.97 610.75 46.00 HARRIS
HR3 420155.45 3343851.66 605.65 32.00 HARRIS
HR4 420193.61 3343824.07 600.82 18.00 HARRIS
HR5 420136.29 3343825.09 629.13 40.00 HARRIS
HR6 420132.57 3343820.40 628.70 58.00 HARRIS
HR7 420004.12 3344078.92 617.79 56.00 HARRIS
HR8 420147.48 3344087.89 600.30 60.00 HARRIS
HR9 420158.09 3344038.85 580.65 52.00 HARRIS
LBXC‐N1 420210.00 3344160.00 640.00 80.00 BX_CENTRAL
MCC1 420905.45 3344332.95 729.41 250.00 BX_CENTRAL
MCC10 420466.73 3344114.00 771.62 246.00 BX_CENTRAL
MCC100 420310.52 3343977.60 671.73 178.00 BX_CENTRAL
MCC101 420160.82 3344070.12 620.40 130.00 BX_CENTRAL
MCC102 420229.24 3344129.43 687.04 160.00 BX_CENTRAL
MCC11 420457.45 3344144.54 772.00 250.00 BX_CENTRAL
MCC12 420395.58 3344060.89 739.98 250.00 BX_CENTRAL
MCC13 420393.01 3344065.34 739.97 250.00 BX_CENTRAL
MCC14 420385.33 3344065.68 739.64 250.00 BX_CENTRAL
MCC15 420557.61 3344116.04 743.87 250.00 BX_CENTRAL
MCC16 420877.24 3344314.05 722.83 250.00 BX_CENTRAL
MCC17 420776.25 3344158.50 698.86 238.00 BX_CENTRAL
MCC18 420233.24 3343955.09 649.52 154.00 BX_CENTRAL
MCC19 420229.45 3343966.81 649.70 154.00 BX_CENTRAL
MCC2 420646.59 3344112.63 701.30 222.00 BX_CENTRAL
MCC20 420291.16 3343980.88 671.18 226.00 BX_CENTRAL
MCC21 420286.92 3343977.04 671.26 184.00 BX_CENTRAL
MCC22 420267.84 3344030.04 671.28 200.00 BX_CENTRAL
MCC23 420249.32 3344072.98 671.22 200.00 BX_CENTRAL
MCC24 421136.58 3344331.30 620.80 160.00 BX_CENTRAL
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HOLE EASTING NORTHING ELEVATION HLENGTH AREA
MCC25 420669.48 3344019.52 701.42 192.00 BX_CENTRAL
MCC26 420666.89 3344017.47 701.53 226.00 BX_CENTRAL
MCC27 420671.23 3344016.64 701.34 100.00 BX_CENTRAL
MCC28 421162.61 3344257.15 622.07 250.00 BX_CENTRAL
MCC29 421090.29 3344163.72 635.24 166.00 BX_CENTRAL
MCC3 420302.88 3343996.39 671.68 190.00 BX_CENTRAL
MCC30 421001.67 3344157.09 649.87 152.00 BX_CENTRAL
MCC31 420992.97 3344163.61 650.13 166.00 BX_CENTRAL
MCC32 420792.53 3344108.91 679.51 208.00 BX_CENTRAL
MCC33 420664.53 3344538.86 645.37 166.00 BX_CENTRAL
MCC34 420745.53 3344596.71 626.48 122.00 BX_CENTRAL
MCC35 420581.39 3344368.24 685.39 200.00 BX_CENTRAL
MCC36 420477.50 3344384.46 684.52 250.00 BX_CENTRAL
MCC37 420335.77 3344401.29 681.58 214.00 BX_CENTRAL
MCC38 420591.13 3344626.66 631.13 190.00 BX_CENTRAL
MCC39 420594.14 3344630.39 630.93 100.00 BX_CENTRAL
MCC4 420301.11 3344004.38 671.80 172.00 BX_CENTRAL
MCC40 420407.32 3344567.46 625.14 10.00 BX_CENTRAL
MCC41 420082.65 3344337.35 626.73 146.00 BX_CENTRAL
MCC42 420312.84 3344143.68 685.96 250.00 BX_CENTRAL
MCC43 420291.24 3344016.04 671.77 238.00 BX_CENTRAL
MCC44 420719.20 3344109.67 680.70 232.00 BX_CENTRAL
MCC45 420720.63 3343971.56 664.58 214.00 BX_CENTRAL
MCC46 420721.02 3343970.56 665.52 48.00 BX_CENTRAL
MCC47 420717.69 3344100.90 680.77 248.00 BX_CENTRAL
MCC48 420718.89 3344102.41 680.80 184.00 BX_CENTRAL
MCC49 420682.88 3343961.12 665.99 198.00 BX_CENTRAL
MCC5 420269.31 3344043.86 671.34 36.00 BX_CENTRAL
MCC50 420548.84 3343998.18 725.17 250.00 BX_CENTRAL
MCC51 420549.21 3343997.69 725.43 250.00 BX_CENTRAL
MCC52 420548.97 3343993.89 725.72 250.00 BX_CENTRAL
MCC53 420551.66 3343994.05 725.50 178.00 BX_CENTRAL
MCC54 420665.13 3344234.96 756.48 100.00 BX_CENTRAL
MCC55 420667.15 3344230.07 756.47 250.00 BX_CENTRAL
MCC56 420557.98 3344380.16 683.48 94.00 BX_CENTRAL
MCC57 420561.63 3344375.97 683.70 232.00 BX_CENTRAL
MCC58 420472.59 3344385.95 684.20 240.00 BX_CENTRAL
MCC59 420598.40 3344214.73 756.36 250.00 BX_CENTRAL
MCC6 420291.55 3344043.85 674.87 54.00 BX_CENTRAL
MCC60 420591.81 3344019.66 722.73 250.00 BX_CENTRAL
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HOLE EASTING NORTHING ELEVATION HLENGTH AREA
MCC61 420586.06 3344016.03 722.86 198.00 BX_CENTRAL
MCC62 420590.32 3344018.31 722.82 250.00 BX_CENTRAL
MCC63 420335.96 3344403.35 681.52 250.00 BX_CENTRAL
MCC64 420807.49 3344303.29 708.76 250.00 BX_CENTRAL
MCC65 420806.54 3344304.19 708.63 216.00 BX_CENTRAL
MCC66 420588.23 3344012.63 722.52 220.00 BX_CENTRAL
MCC67 420792.15 3344110.64 678.35 180.00 BX_CENTRAL
MCC68 420428.40 3344081.47 754.36 250.00 BX_CENTRAL
MCC69 420427.36 3344078.40 754.26 250.00 BX_CENTRAL
MCC7 420304.16 3344136.81 685.14 190.00 BX_CENTRAL
MCC70 420425.89 3344080.88 754.22 232.00 BX_CENTRAL
MCC71 420426.43 3344084.22 754.48 246.00 BX_CENTRAL
MCC72 420358.15 3344315.43 711.24 250.00 BX_CENTRAL
MCC73 420455.32 3344370.85 670.12 250.00 BX_CENTRAL
MCC74 420751.37 3344306.90 702.10 212.00 BX_CENTRAL
MCC75 420751.84 3344312.65 701.61 206.00 BX_CENTRAL
MCC76 420638.32 3344295.38 723.07 250.00 BX_CENTRAL
MCC77 420298.38 3344284.91 723.95 250.00 BX_CENTRAL
MCC78 420512.26 3344274.79 735.66 250.00 BX_CENTRAL
MCC79 420511.44 3344281.33 734.99 250.00 BX_CENTRAL
MCC8 420475.42 3344097.95 771.71 244.00 BX_CENTRAL
MCC80 420713.45 3344287.83 718.54 250.00 BX_CENTRAL
MCC81 420272.30 3344191.24 684.80 206.00 BX_CENTRAL
MCC82 420254.20 3344235.87 683.88 218.00 BX_CENTRAL
MCC83 420246.60 3344282.15 682.54 208.00 BX_CENTRAL
MCC84 420784.52 3344046.49 666.06 226.00 BX_CENTRAL
MCC85 420784.12 3344047.25 666.17 232.00 BX_CENTRAL
MCC86 420789.88 3344042.17 665.36 86.00 BX_CENTRAL
MCC87 420665.80 3344365.42 690.86 234.00 BX_CENTRAL
MCC88 420458.09 3344677.13 626.97 40.00 BX_CENTRAL
MCC89 420545.43 3344780.10 619.26 40.00 BX_CENTRAL
MCC9 420467.07 3344124.01 772.29 12.00 BX_CENTRAL
MCC90 420560.11 3344801.61 617.69 58.00 BX_CENTRAL
MCC91 419550.90 3343617.41 609.80 250.00 BX_CENTRAL
MCC92 419540.86 3343668.35 609.04 250.00 BX_CENTRAL
MCC93 419531.60 3343721.87 608.00 250.00 BX_CENTRAL
MCC94 420514.98 3344720.13 622.84 204.00 BX_CENTRAL
MCC95 420514.78 3344715.10 623.11 180.00 BX_CENTRAL
MCC96 420301.32 3344130.50 684.49 228.00 BX_CENTRAL
MCC97 420264.23 3343874.50 620.53 168.00 BX_CENTRAL
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HOLE EASTING NORTHING ELEVATION HLENGTH AREA
MCC98 420261.44 3343880.52 620.36 130.00 BX_CENTRAL
MCC99 420292.55 3344129.41 683.77 250.00 BX_CENTRAL
OX‐01 421128.00 3344338.00 620.00 108.00 OBRA_X
OX‐02 421147.00 3344277.00 621.00 116.00 OBRA_X
OX‐03 421176.00 3344231.00 621.00 110.00 OBRA_X
OX‐04 421101.00 3344187.00 635.00 122.00 OBRA_X
OX‐05 421066.00 3344249.00 635.00 116.00 OBRA_X
OX‐06 421075.00 3344176.00 635.00 118.00 OBRA_X
OX‐07 421018.00 3344151.00 629.00 112.00 OBRA_X
OX‐08 421018.00 3344150.00 705.00 100.00 OBRA_X
OX‐09 420865.00 3344317.00 720.00 122.00 OBRA_X
OX‐10 420905.00 3344329.00 728.00 122.00 OBRA_X
OX‐11 420908.00 3344331.00 728.00 108.00 OBRA_X
OX‐12 420907.00 3344340.00 727.00 122.00 OBRA_X
OX‐13 420906.00 3344340.00 627.00 120.00 OBRA_X
OX‐14 420916.00 3344333.00 727.00 120.00 OBRA_X
OX‐15 420975.00 3344263.00 659.00 120.00 OBRA_X
OX‐16 420972.00 3344249.00 660.00 120.00 OBRA_X
OX‐17 420959.00 3344243.00 660.00 120.00 OBRA_X
OX‐18 420985.00 3344254.00 659.00 120.00 OBRA_X
OX‐19 420988.00 3344268.00 659.00 120.00 OBRA_X
OX‐20 420998.00 3344260.00 660.00 120.00 OBRA_X
OX‐21 420991.00 3344280.00 660.00 78.00 OBRA_X
OX‐22 421001.00 3344271.00 659.00 120.00 OBRA_X
OX‐23 420004.00 3344278.00 623.00 100.00 OBRA_X
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31. Appendix 3– SEMIVARIOGRAMS
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