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LA SAUCHA PROJECT

Vulcanogenic Massive Sulphide (Cu-Au-Ag)

LAS LOMAS – PIURA PERU

SOUTH AMERICA

2009

LA SAUCHA – LOCATION & MINING RIGHTS  AGUAS VERDES AGUAS VERDES AGUAS VERDES AGUAS VERDES

LA SAUCHA – LOCATION & MINING RIGHTS

 AGUAS VERDES AGUAS VERDES AGUAS VERDES AGUAS VERDES AGUAS VERDES AGUAS VERDES  AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
AGUAS VERDES
Ocean
N
CALETA LA CRUZ
CALETA LA CRUZ
CALETA LA CRUZ
CALETA LA CRUZ
CALETA LA CRUZ
CALETA LA CRUZ
CALETA LA CRUZ
CALETA LA CRUZ
CALETA LA CRUZ
Pacific
TUMBES
TUMBES
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TUMBES
CANAVERAL
CANAVERAL
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CANAVERAL
MANCORA
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EL ALTO
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Ecuador
LOBITOS
LOBITOS
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LANCONES
LANCONES
LANCONES
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LANCONES
SUYO
SUYO
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TALARA
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SICCHEZ
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TALARA
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TALARA
TALARA
TALARA
TALARA
TALARA
SICCHEZ
SICCHEZ
SICCHEZ
SICCHEZ
 
LAS LOMAS
LAS LOMAS
LAS LOMAS
LAS LOMAS
LAS LOMAS
LAS LOMAS
LAS LOMAS
LAS LOMAS
LAS LOMAS
SAPILLICA
SAPILLICA
SAPILLICA
SAPILLICA
SAPILLICA
SAPILLICA
SAPILLICA
SAPILLICA
SAPILLICA
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
AMOTAPE
AMOTAPE
AMOTAPE
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AMOTAPE
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FRIAS
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FRIAS
PACAIPAMPA
PACAIPAMPA
PACAIPAMPA
PACAIPAMPA
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PACAIPAMPA
PACAIPAMPA
PACAIPAMPA
PACAIPAMPA
NA
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PAITA
PAITA
PAITA
PAITA
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SAPALACHE S S
SAPALACHE
SAPALACHE
S
SAPALACHE
SAPALACHE S S
SAPALACHE
SAPALACHE
SAPALACHE S
SAPALACHE
 
PIURA
LA MATANZA
LA MATANZA
LA MATANZA
LA MATANZA
LA MATANZA
LA MATANZA
PIURA
PIURA
PIURA
LA MATANZA
LA MATANZA
LA MATANZA
PIURA
PIURA
PIURA
PIURA
PIURA
SAN JUAN DE BIGOTE
SAN JUAN DE BIGOTE
SAN JUAN DE BIGOTE
SAN JUAN DE BIGOTE
SAN JUAN DE BIGOTE
SAN JUAN DE BIGOTE
SAN JUAN DE BIGOTE
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SAN JUAN DE BIGOTE
LA UNION
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SECHURA
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SECHURA
SECHURA
HUARMACA
HUARMACA
HUARMACA
HUARMACA
HUARMACA
HUARMACA
HUARMACA
HUARMACA
HUARMACA
Perú
SAN FELI P
SAN FELI P
SAN FELI P
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SAN FELI P
SAN FELI
SAN FELI
SAN FELI
SAN FELI P
POMAH
POMAH
POMAH
POMAH
POMAH
POMAH
POMAH
POMAH
POMAH

1000 has Campanita 1 claim

600000 E
600000 E

old polymetalic mine

LA SAUCHA – LOCATION & MINING RIGHTS  AGUAS VERDES AGUAS VERDES AGUAS VERDES AGUAS VERDES

9490000 N

Ana Lucia 2, 400 has Concession

LA SAUCHA – LOCATION & MINING RIGHTS  AGUAS VERDES AGUAS VERDES AGUAS VERDES AGUAS VERDES
LA SAUCHA – LOCATION & MINING RIGHTS  AGUAS VERDES AGUAS VERDES AGUAS VERDES AGUAS VERDES

Tambogrande: Giant VMS Cluster

La Saucha VMS

PROJECT SUMMARY (1)

La Saucha project is located in Piura Region of NW Perú at 550 m.a.s.l. It lies 45 Km NE of World Class Tambogrande Massive Sulfide Deposit. The central claim coordinates are: East: 601000; North: 9491000, zone: 17S, PSAD 56. IGN Map: 10- C Las Lomas (1:100,000).

Accessibility is very good. Starting from Piura city by the northern Panamericana highway towards Puente Internacional (Macará) at km 160 after Guineo Control, take the bend to Ayabaca. Then after ten minutes driving, you find La Saucha village, where taking your right you follow La Saucha creek dirty road for ten more minutes.

Mining property is 100% controlled by Quippu Exploraciones SAC, the first, private, junior mining exploration company in Perú. It consists of 400 has in Ana Lucia 2 claim and 1000 has in Campanita 1 claim.

The project area is nearby an active, small scale gold vein mining district near Las Lomas town.

PROJECT SUMMARY (2)

La Saucha prospect is a Volcanogenic Massive Sulphide (VMS) deposit located in Lancones volcano-sedimentary basin, which is an important host for these kind of deposits like Tambogrande VMS Cluster hosting more than 300 Million Tons Ore.

The average of the sampling surface is 1 g/t Au, 1 Onz/t Ag y 0.5 % Cu

La Saucha prospect massive sulfide potential is 10 Million Tons of Au-Cu-Ag-Zn-Pb ore. It has an additional outcropping cyanide leach able oxide gold potential of 35,000 oz Au with 1 g/t Au average grade ideal for a low cost, low capital high profitable mining operation.

No modern systematic exploration, neither drilling has been carried out in the prospect. Detailed mapping and geochem sampling, ground geophysics and drilling is required to properly explore the project.

TAMBOGRANDE FOR REFERENCE: GIANT VMS CLUSTER

VIEW TO THE SOUTH TG3 B5 TG1 gossan
VIEW TO THE SOUTH
TG3
B5
TG1
gossan

TG1 = 64 MT @ 1.6% Cu, 1.1% Zn, 0.6 g/t Au y 28 g/t Ag. TG1 + TG3 + B5 Deposits = more than 300 MT Ore

300 m

TAMBOGRANDE: > 1 MILLION Oz GOLD DEPOSIT IN THE VMS GOSSAN

TG1 Oxide Gold Deposit
TG1 Oxide Gold Deposit
TAMBOGRANDE: > 1 MILLION Oz GOLD DEPOSIT IN THE VMS GOSSAN TG1 Oxide Gold Deposit barite

barite

barite

5 cm

TG1 Oxide Gold Deposit was discovered in 1998 by Manhattan

with free Gold associated to Barite:

8 MT @ 5.2 g/t Au; 48 g/t Ag equivalent to

1.3 million oz Gold and 12 million oz Silver

La Saucha Q-Ex Properties

N CAMPANITA 1 CLAIM 1000 HAS 1 13 602 95 50 13 8 1 28 8
N
CAMPANITA 1 CLAIM
1000 HAS
1
13
602
95
50
13
8
1
28
8
12
4
15
15
17
26
11
6
4
6
3
11
1
2
5
1
11
1
ANA LUCIA 2 CLAIM
0
9
6
1
3
3
400 HAS
0
2 Km
0

LA SAUCHA GEOLOGY POINTS

N El Potro Anomaly 1 Qz-gossan Bx 13 Qz veins 602 95 50 1 138 288
N
El Potro Anomaly
1
Qz-gossan Bx
13
Qz veins
602
95
50
1
138
288
12
4
15
15
17
26
11
6
4
6
3
11
1
2
5
Gossan, exalite
Andesite flow
Aglomerate with
barite
Gossan fragments
Jahuay Anomaly
1
11
1
0
9
6
1
3
3
gossan
1 Km
0
exalite
0

LA SAUCHA SUMARY GOLD RESULTS

N El Potro Anomaly 2m@2.25 g/T Au 2m@4.01 g/T Au 13 602 95 50 1 138
N
El Potro Anomaly
2m@2.25 g/T Au
2m@4.01 g/T Au
13
602
95
50
1
138
288
12
4
15
15
17
26
11
6
4
6
3
11
1
2
5
30m @ 0.7 g/T Au
2m@0.1 g/T Au, 0.13% Pb
1
11
1
0
9
6
1
3
3
0
0
Jahuay Anomaly
1
1

1 Km

LA SAUCHA SUMARY SILVER RESULTS

N El Potro Anomaly 1 2m @ 20 oz/T Ag 13 602 95 50 1 138
N
El Potro Anomaly
1
2m @ 20 oz/T Ag
13
602
95
50
1
138
288
12
4
15
15
17
26
11
6
4
6
3
11
1
2
5
5m @ 11 g/T Ag
2m @ 9 oz/T Ag
5m@9 g/T Ag
1
11
1
0
9
6
1
3
3
Jahuay Anomaly
1 Km
0
0

LA SAUCHA SUMARY BARIUM RESULTS

N Gossan float > 1% Ba 1 El Potro Anomaly low Ba 13 602 95 50
N
Gossan float > 1% Ba
1
El Potro Anomaly
low Ba
13
602
95
50
1
138
288
12
4
15
15
17
26
11
6
4
6
3
11
1
2
5
increasing
Ba in rock
2300 ppm Ba
1
11
1
0
9
6
1
3
3
Jahuay Anomaly
1 Km
4429 ppm Ba
0
0

LA SAUCHA GEOCHEMISTRY

LA SAUCHA GEOCHEMISTRY

LA SAUCHA GEOCHEMISTRY

LA SAUCHA GEOCHEMISTRY

LA SAUCHA GEOCHEMISTRY

LA SAUCHA NEW Au ROCK GEOCHEM

LA SAUCHA NEW Au ROCK GEOCHEM 17

LA SAUCHA NEW Ag ROCK GEOCHEM

LA SAUCHA NEW Ag ROCK GEOCHEM 18

LA SAUCHA NEW Cu ROCK GEOCHEM

LA SAUCHA NEW Cu ROCK GEOCHEM 19

LA SAUCHA GOSSAN

2.14 g/t Au 0.5 oz/t Ag 1.58% Cu 4.01 g/t Au 0.3 oz/t Ag 8.95% Cu
2.14 g/t Au
0.5 oz/t Ag
1.58% Cu
4.01 g/t Au
0.3 oz/t Ag
8.95% Cu

LA SAUCHA GOSSAN

2.25 g/t Au 9-20 oz/t Ag 0.19 % Cu
2.25 g/t Au
9-20 oz/t Ag
0.19 % Cu

LA SAUCHA GOSSAN

VMS GOSSAN: 0.702 g/t Au; 25.8 g/t Ag; 0.68 % Cu
VMS GOSSAN: 0.702 g/t Au; 25.8 g/t Ag; 0.68 % Cu

LA SAUCHA GOSSAN

Qz + Sulfides Boxwork VMS GOSSAN: 0.735 g/t Au; 138. 0 g/t Ag; 0.26 % Cu
Qz + Sulfides Boxwork
VMS GOSSAN: 0.735 g/t Au; 138. 0 g/t Ag; 0.26 % Cu
Qz Qz Qz Qz QUARTZ VEINS AROUND GOSSAN AREA
Qz
Qz
Qz
Qz
QUARTZ VEINS AROUND GOSSAN AREA
El Potro Anomaly Area Trench: 30 m @ 0.7 g/t Au, oxide
El Potro Anomaly Area
Trench: 30 m @ 0.7 g/t Au, oxide

LA SAUCHA MODEL El Potro Anomaly

View to the NE

NWNW

SESE

LA SAUCHA MODEL El Potro Anomaly View to the NE NW NW Geophysic Survey (Gravimetry &

Geophysic Survey (Gravimetry & IP)

Leach able oxide gold potential: 35,000 oz Au

LA SAUCHA MODEL El Potro Anomaly View to the NE NW NW Geophysic Survey (Gravimetry &
MMaassssiivvee SSuullffiiddee Gossan Gossan Dacitic Dome Qz Qz Veins Veins
MMaassssiivvee SSuullffiiddee
Gossan
Gossan
Dacitic Dome
Qz
Qz Veins
Veins
Andesite
Andesite
LA SAUCHA MODEL El Potro Anomaly View to the NE NW NW Geophysic Survey (Gravimetry &

Massive sulfide ore body potential: 5 Million Ton of Au-Cu-Ag-Pb-Zn ore

  • 100 100 mm

Au, Ag & Cu Anomaly

Surface with Quaternary Cover

Aglomerate, andesite

LA SAUCHA GEOLOGY HIGHLIGHTS (1)

The host rock of the mineralization in La Saucha Project is Ereo Formation, considered a regional VMS host in Northern Peru. The huge Tambogrande VMS orebodies (TG1, TG3 & B5) are hosted in Ereo Formation.

The project area is fully covered with soil and vegetation, but inside creeks and at the top of small hills, it is possible to see volcanic agglomerates, andesite-dacite flows/dome exalites, quartz veins and gossan outcrops

La Saucha Prospect shows evidences to be the top of a Volcanogenic Massive Sulphide Deposit (VMS) with Au-Ag-Cu-Zn-Pb mineralization in two anomalous zones named El Potro and Jahuay. Geochemical sampling at El Potro anomaly indicates elevated gold (up to 4 g/t Au), silver (up to 20 oz/T Ag), copper (up to 8.9% Cu), zinc (up to 0.41%) and lead (up to 0.82%). Barium content is relatively low indicating the proximity of the massive sulfide orebody. At Jahuay, Au-Ag-Cu-Pb-Zn anomalies are comparatively lower, but Ba is > 1% in Barite veins in gossan indicating the top of the massive sulfide system.

The preliminary potential for economic mineralization is given mainly in El Potro anomaly. The outcropping dimensions of El Potro gossan (100% oxides) are 100 x 50 m. The rest of the area is heavily soil covered, but it is estimated that it can reach at least 100 x 200 m with surface pitting and trenching with an estimated vertical extension of 100 m, yielding a 5 Million Ton orebody. A similar situation can be considered for Jahuay anomaly where economic grades would be buried no far from surface. Estimated grades should be similar to the geochemistry table above.

LA SAUCHA GEOLOGY HIGHLIGHTS (2)

There is an additional good potencial for cyanide leach able oxide gold mineralization over the same 100x200 area with an estimated 25 m vertical extend, yielding a 35000 oz Au resource at 1g/t Au grade. Both El Potro and Jahuay anomalies would then host a 70,000 oz resource. Preliminary cyanide leach studies show average recoveries of more than 75%. A small mining operation would be highly profitable with a very low capital & operation costs (no strip, short transport distances, good infrastructure).

Further exploration work will require detailed mapping, trenching and sampling and later geophysical (magnetics and IP) work in order to identify more burried massive sulfide orebodies (which commonly presents as clusters) in order to increase the overall potential of the project. The final surface and depth extension and ore grades must be confirmed by a proposed 1,500 m drilling campaign.

For further information, please contact us:

Quippu Exploraciones SAC

Cl. Bolognesi 118

Santiago de Surco (L 33) Lima - Perú Tel.: (51 1) 435 0657

Web Site:

www.quippuexploraciones.com

Daniel Escobar Beleván

General Manager

descobar@quippuexploraciones.com Cel.: (51 1) 999 622 475 / 992 747 346

Werner Warscheid

Director Manager

wwarscheid@quippuexploraciones.com