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Re: ratherbefishin post# 25957

Friday, 10/10/2014 11:07:08 AM

Friday, October 10, 2014 11:07:08 AM

Post# of 26631
How about this one from their website which is still up.....but what I don't understand is that the guys that recently loaned the money were obviously privy to this info......unlike the rest of us shmucks.

Spain
Lomero-Poyatos
Petaquilla Minerals Ltd. added the Lomero-Poyatos Project to its holdings through its acquisition of Iberian Resources Corp. in 2011. The Lomero-Poyatos massive sulphide deposit is located in the prolific Iberian Pyrite Belt, which has a long history of mining dating back to Roman times and features several mines currently in operation. The project is located in the Andalusia autonomous community in southern Spain, about 500 kilometres southwest of Madrid, 85 kilometres northwest of Seville and 60 kilometres northeast of Huelva. The area surrounding the project features very good infrastructure and logistics with grid power, sealed roads and a deep water port at Huelva.

The concession of Lomero-Poyatos at present is in full effect. Administrative initiatives taken by the Directorate of Mineral Resources of Andalusia are in the process of review to determine their merit. This initial review is also subject to appeal.

NI 43-101-compliant Inferred Mineral Resource report by Behre Dolbear in May 2012 (*)

The Lomero-Poyatos mine historically produced approximately 2.6 Mt of pyrite ore, mostly by underground mining methods, for use as sulphuric acid feedstock. It has been closed for over 20 years.

Lomero-Poyatos project highlights:

Resource
Lomero-Poyatos property has an Inferred Mineral Resource of 6.07 Mt at 4.25 g/t Au, 88.74 g/t Ag, as per May 2012 NI 43-101 compliant Technical Report(*)
PTQ has completed over 6,000 meters of drilling to update the currently inferred resources to measured and indicated resources and then advance to reserves level. This drilling was done for geotechnical purposes, metallurgy, in fill drilling, twinning and resource expansion.
Twin drilling program completed in February 2013 with a view to upgrading resources to the Measured & Indicated category in FY 2015 and, subsequently, a NI 43-101-compliant feasibility study
(*) 1.17M Au equivalent oz. as per NI 43-101 Technical Report on the Lomero-Poyatos Au-Cu-Pb-Zn Mine dated May 21, 2012, by independent consultants, Behre Dolbear International Limited. Disclosure approved by Andrew J. Ramcharan P.Eng., the Company's Executive VP Corporate Development, a Qualified Person as defined under NI 43-101.

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