MONTAZO-GUANO AREA (Neita)

The largest silicification and hydrothermal alteration zone occurs in the Montazo-Guano area, within the Neita property. This target trends east-west and has a length of about 4 km and a width of about 1 km. Two separate northwest trending regional structures cut the target. Alteration may be controlled by two northeast-southwest secondary faults. Strong argillic alteration is enveloping the quartz veining. Low but consistent gold values averaging 0.3g/t is widespread. Previous trenching on the eastern margin of the alteration zone returned values up to 0.44g/t gold over 90 meters while trenching on the western margin of the zone, located 2.5 km away, returned values up to 0.54g/t gold over 100 meters. The main target has never been drilled. A recent stream sediment sample taken from southeast of the target ran 106 ppb gold and one reconnaissance rock sample on the western end of the target ran 928 ppb gold.

Four N-S trending lines, spaced 400 meters apart and totalling 8.1 line-kilometers of IP have been completed on the western end of the area. Preliminary evaluation of the IPs suggests a strong east-west trending chargeability high occurs just to the north of Guano Hill. This area requires detailed follow-up.

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