Petaquilla Minerals Ltd. (fka PTQMF)

[mjkiii]

The Bojita Abajo and Brazos zones are part of the original Molejon pit development project and not new exploration targets.
They were discussed in the MD&A of FY2010. They are shown in the company presentation, along with the newly designed pit footprint.

Locations are northwest and south adjacent to the initial pit and Geovectra was hired to do the pit design. As promised by management their new design was published right on time with the forecast results.

I believe the new pit will be at least four times as large as the initial one and also produce a lot of aggregate for Inmet.

Geovectra is out of Santiago, Chile and very well respected in the mining world. Love them or hate them, one thing you must admit about Petaquilla, management travels first class, and by using the assay outfit in Tucson, with Geovectra in Chile they have the best in the industry.

Combine that with Ernst&Young minding the store and there should be no concern about the quality of information we receive, even if it is less that we would like.