The Company has maintained the Jerusalem Project in good standing, however it has not undertaken any material exploration and development activities at the project since the introduction by the Ecuadorean Government of the Mining Mandate in early 2008.
The Company has filed a report titled "Technichal Report - Jerusalem Project, Zamora Chinchipe, Ecuador" (the "Jerusalem Report"), dated October 24, 2014, on the Jerusalem Project.
The Jerusalem Report was prepared by Allen J. Maynard Bapp Sc (Geol), MAIG, MAusIMM, who is "independent" and a "qualified person" as defined in NI 43-101. Unless stated otherwise, information on this website of a scientific or technical nature regarding the Jerusalem Project is summarized, derived or extracted from the Jerusalem Report.
For a complete description of assumptions, qualifications and procedures associated with the information in the Jerusalem Report, reference should be made to the full text of the Jerusalem Report, which is available for review on SEDAR at www.sedar.com and technical reports.
Key Highlights:
Measured and Indicated Gold resource of 422,300 oz at an average grade of 13.8 g/t
Inferred Gold resource of 856,000 oz at an average grade of 15 g/t
Measured and Indicated Silver resource of 2,421,000 oz at an average grade of 79 g/t
Inferred Silver resource of 5,569,000 oz at an average grade of 98 g/t
The Jerusalem Gold Project comprises one, 100% owned, concession, located in the Zamora Chinchipe Province of south eastern Ecuador, about 40 km east of Zamora.
The concession covers 2.2 km2 at altitudes ranging from 1400m to 1900m. Dense rain forest and steep terrain characterize the area.
The preparation of all technical information contained on this website relating to the Company's properties has been supervised by Brian Speechly, a Fellow of AUSIMM (Australian Institute of Mining and Metallurgy), a Company Director and a "Qualified Person" within the definition of that term in the National Instrument 43-101.
Readers are cautioned that any statements made as to potential quantities and grades on this website are not indicative of an economic mining operation at present.
Samples are sealed on the property and shipped to the BSI Inspectorate laboratory in Lima, Peru for preparation and gold fire assay. Sample pulps are shipped by BSI Inspectorate to its laboratory in Reno, Nevada for silver and multi-element ICP analysis.
God Bless
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