In addition to the Don Nicolas Project, the Company advanced a number of exploration projects in Argentina's Patagonia region, including Escondido and Pan de Azucar. A 4,400 line kilometer heli-borne magnetic and radiometric geophysical survey was commissioned over four project sites. This program was completed early in the third quarter 2010.
Deseado Massif Patagonia Argentina

High-Resolution Heliborne Magnetic Survey
Results from a 4,482.6 line kilometer, high-resolution heliborne magnetic survey conducted in June-July are shown in the attachments below. The magnetic images relate to four project areas, Escondido, Pan de Azucar, La Paloma and Martinetas.
Airborne magnetics is a powerful vectoring tool in the exploration of many low-sulphidation epithermal Au-Ag deposits around the world. Because structural setting in low-sulphidation epithermal deposits is important, understanding the broader structural architecture of the known vein systems becomes fundamental in building an effective structural model that helps explain factors which influence localization of high-grade Au-Ag mineralization at the deposit scale.
The airborne geophysics data provides the Patagonia Exploration team structural and stratigraphic information over large areas of the Companies tenements which can be integrated with other data sets to improve the quality of targets being tested at Escondido, Pan de Azucar, La Paloma and Martinetas.

Photo of helicopter

High resolution helicopterborne magnetic survey locations_15th October, 2010

La Paloma 1stVD Magnetic Image_50m line spacing_15th October, 2010

La Paloma RTP Magnetic Image_50m line spacing_15th October, 2010

Martinetas 1stVD Magnetic Image_50m line spacing_15th October, 2010

Martinetas RTP Magnetic Image_50m line spacing_15th October, 2010

Escondido 1stVD Magnetic Image_60m line spacing_15th October, 2010

Escondido RTP Magnetic Image_60m line spacing_15th October, 2010

Pan de Azucar 1stVD Magnetic Image_60m line spacing_15th October, 2010

Pan de Azucar RTP Magnetic Image_60m line spacing_15th October, 2010
Minera IRL, Patagonia_Pan de Azucar Overview_CCC_February 2011