The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.
The Company also wishes to clarify that, in light of the long-term average metal prices currently used in economic analysis (“Current Prices”), the base-case financial results in the Company’s 2013 PEA are out of date. As detailed in the sensitivity analysis contained in the Company’s 2013 PEA (see Tables 22.2 - 22.4), the use of Current Prices would lower the 2013 PEA financial results.
The information shown on this site, has been prepared under the supervision of Mr. Thomas J. Drown, P. Geo. Mr. Drown has more than 25 years relevant experience and is a British Colombia Professional Geoscientist. He is a senior project geologist with the Company at the La Mina Project and serves as the qualified person as defined by National Instrument 43-101