CINCO DE MAYO PROPERTY
MUNICIPIO VILLA AHUMADA CHIHUAHUA, MEXICO
The mineral concessions comprising the Cinco de Mayo Property are located approximately 190 kilometres northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and cover approximately 25,113 hectares. The project consists of four major mineralized zones: the Upper Manto silver-lead-zinc inferred resource; the Pegaso deep discovery; the Pozo Seco high grade molybdenum-gold resource; and the surrounding Cinco de Mayo exploration area. As the Company has been unable to negotiate a renewed surface access agreement with the local Ejido controlling the surface access to key portions of the property, a full impairment was recognized in the year ended December 31, 2016.
The Company continues to believe that the Cinco de Mayo Property has significant geological potential and will continue to maintain these mineral concessions in good standing. The Company has no current plans to conduct any geological exploration programs on the property.