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Pulacayo Project Feasibility Study - Apogee Silver

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<strong>Pulacayo</strong> 1 000 t/d Phase I <strong>Feasibility</strong> <strong>Study</strong> - NI 43-101 Technical Report<br />

090644-3-0000-20-IFI-100<br />

the control limits (Figure 12.6). A total of 12 Pb values fall below the ±2 standard deviations<br />

control limits for that metal, with returned values within a +0.025% and -0.135% range of the<br />

certified mean. However, the average Pb value of 1.87% falls within the control limits (Figure<br />

12.7). Returned zinc values are more closely distributed around the certified value than those<br />

of Ag and Pb, with the average returned value of 2.65% being the same as the certified<br />

value. All values fall within +0.32% and -0.13% of the certified mean, with one result above<br />

the control limits (Figure 12.8).<br />

The PB128 standard was used throughout the Phase III drill program, beginning in<br />

January 2008 and continued throughout most of the Phase IV drill program. Use began with<br />

drill hole PUD061 and finished with drill hole PUD208. Results for a total of 91 samples<br />

collected since January, 2010 were reviewed for this report, with these corresponding to drill<br />

holes PUD134 to PUD208, exclusive of hole PUD207. All samples returned results for Pb<br />

and Zn and 89 of the 91 samples returned results for Ag. Ag values fall within a range of<br />

+13 g/t and -8 g/t of the certified mean value and the average value of 181.57 g/t very closely<br />

approximates the 181.08 g/t certified mean value (Figure 12.8). Pb values fall within +0.15%<br />

and -0.27% of the certified mean range and average 4.36%, all of which fall within mean ±2<br />

standard deviations control limits (Figure 12.10). One Zn value falls above the control limits,<br />

but others fall within +0.20% and -0.09% of the certified mean range. The average returned<br />

value of 2.29% falls within the mean ±2 standard deviations control limits (Figure 12.10).<br />

Figure 12.5: Certified Standard CDN-SE-1 Results – AG G/T (N=82)<br />

TWP Sudamérica S.A. Av. Encalada 1257 Of. 801, Santiago de Surco Lima 33, Perú (51-1) 4377473<br />

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