The Aguja de Arras ("Arras") is situated approximately 300 metres south of the historic San Albino Gold Mine. At the surface of Arras there is a well defined high-grade gold mineralized structure, 200 meters long and open along strike in both directions with excellent gold intercepts including 24 meters at 7.17 g/t gold.

The gold mineralization is hosted by a thick package of quartz-mica-graphite schist. The highest recorded grades of up to 20 g/t gold over 3 meters are encountered in the footwall and hanging wall in alteration zones adjacent to the main quartz veins.

The main gold mineralization appears to be hosted by pinch-and-swell veins with a similar orientation to the axes observed in the outcrops; striking at 240 degrees and dipping 45 degrees to the northeast.

Two exploration adits with a blocked out resource averaging 0.87 ounces/tonne were present at Arras in 1948 when Rodgers Peal visited the property. These adits and additional adit (San Lorenzo) have been located on the basis of GPS work verified by the Company during the first phase of the 2009 exploration program. Although more than one vein structure occurs at Arras, it remains to be discovered whether all the veins had been been explored. At the southern end of Arras are four trenches with significant gold intersections in quartz veins over an area measuring approximately 200 meters by 300 meters.

Best intercepts from the trenches:

• 2 meters averaging 19.50 g/t gold
• 1 meter of 6.75 g/t gold
• 20 meters of 7.96 g/t gold
• 18 meters of 6.77 g/t gold
• 16 meters of 7.89 g/t gold

Significant drill (RC drilling) intercepts:

• 4 meters of 17.9 g/t gold
• 4 meters of 28.2 g/t gold

The continuity of mineralized structures between the trenches is only now being established and indicates that at least two to four separate structures are represented.

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