Pulacayo Project Feasibility Study - Apogee Silver

Pulacayo 1 000 t/d Phase I Feasibility Study - NI 43-101 Technical Report
090644-3-0000-20-IFI-100
LIST OF FIGURES
Figure 1.1: Location Map - Pulacayo Project 2
Figure 1.2: Consolidated Process Flowsheet 8
Figure 1.3: Project Infrastructure Site Plan 6
Figure 1.4: Site Plot Plan 7
Figure 1.5 Silver Price Sensitivity 12
Figure 2.1: Pulacayo Property Location 13
Figure 4.1: Location Map, Pulacayo Project 19
Figure 4.2: Outline of Mineral Concessions, Pulacayo Project 26
Figure 5.1: Major Routes and Physiographic Regions in Bolivia 29
Figure 5.2 Pulacayo Comibol Facility Used by Apogee 32
Figure 7.1: Structural Units of Bolivia 35
Figure 7.2: Regional Geology Map (From Iriondo Et Al., 2009) 36
Figure 7.3 Local Geology Pulacayo Property 37
Figure 7.4: Structural Interpretation For Tajo Vein System At Pulacayo (Iriondo Et Al.,2009) 38
Figure 7.5: Section PY-740200 40
Figure 7.6: Crustiform Texture In Nq Core (~47.6 MM Width 41
Figure 7.7: Vuggy Texture With Quartz And Barite Infilling In Nq Core (~47.6 mm Width) 41
Figure 8.1: Genesis Of Epithermal Mineral Deposits (From White And Hedenquist, 1994 43
Figure 9.1: Property Geology Map 46
Figure 9.2: IP Survey Coverage 48
Figure 9.3: Representative IP Responses Line LPY-5 49
Figure 10.1: Plan and longsection of Pulacayo Drilling 57
Figure 10.2: Typical Apogee Drill Collar after Completion of Hole 59
Figure 10.3: View of Apogee Drill Collar Description Plate 59
Figure 11.1: Apogee Core Logging Facility 61
Figure 12.1: Oxide Zone Exposure – April, 2012 66
Figure 12.2: View of the Pulacayo Town Site – April, 2012 67
Figure 12.3: Bulk Sample Stockpile Area – April, 2012 67
Figure 12.4: Core Facility Staff Assisting with Check Sampling — April 2012 68
Figure 12.5: Certified Standard CDN-SE-1 Results – AG G/T (N=82) 70
Figure 12.6: Certified Standard CDN-SE-1 Results - Ag G/T (N=82) 71
Figure 12.7: Certified Standard CDN-SE-1 Results - Pb % (N=82) 71
Figure 12.8: Certified Standard CDN-SE-1 Results - Zn % (N=82) 72
Figure 12.9: Certified Standard Pb128 Results - Ag G/T (N=89) 72
Figure 12.10: Certified Standard Pb128 Results - Pb % (N=91) 73
Figure 12.11: Certified Standard Pb138 Results - Ag G/T (N=5) 74
Figure 12.12: Certified Standard Pb138 Results - Pb % (N=5) 75
Figure 12.13: Certified Standard Pb138 Results - Zn % (N=5) 75
Figure 12.14: Certified Standard Cdn-Se-1 Results - Ag G/T (N=25) 76
Figure 12.15: Certified Standard CDN-SE-1 Results - Pb % (N=25) 76
Figure 12.16: Certified Standard CDN-SE-1 Results - Zn % (N=25) 77
Figure 12.17: Certified Standard Pb138 Results - Ag G/T (N=54) 77
Figure 12.18: Certified Standard Pb138 Results - Pb % (N=5) 78
Figure 12.19: Certified Standard Pb138 Results - Zn % (N=54) 78
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