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| |  South Central Chile Porphyry (acquiring 100%)The Company has staked a number of areas in south central Chile, referred to as Talca Belt Prospect Area, based on ASTER imagery and the Phelps Dodge database, which it believes is an under explored extension of the Upper Cretaceous/Lower Tertiary porphyry copper belt identified in the Coastal Cordillera. Geology and Mineralization Prospects were staked based on extensive leached sericite-pyrite alteration, with more prospective area exhibiting exposed quartz-sericite & potassic alteration. Targets are Cu/Au primary sulphides, with some enrichment, in traditional quartz-sericite altered porphyries and their associated potassic cores; and in peripheral structural and breccia pipe traps. The Talca Belt Prospect Area comprise extensive porphyry style alteration zones that have been subjected to first pass reconnaissance sampling by the Company which indicated the presence of anomalous copper geochemistry. The Llancahue Project is located within the Talca Prospect area. Llancahue hosts an extensive alteration zone, contains a small outcrop of attractive copper sulphide bearing potassically altered, hydrothermal breccia located immediately adjacent to a covered area, and has had a first pass drill program with one intersection,including 100 meters of copper mineralization. (See Llancahue). These targets are at low elevations, have good road access and no infrastructure constraints. None of the Properties have any previous mining activity, and to the Company's knowledge none of them have been subjected to prior exploration. Also, within the Talca Belt is the Pocillas project, a low sulphidation epithermal prospect discovered by Cyprus Amax in the early 1990's. Pocillas mineralization is associated with series of mainly NE oriented structures, hosted in rhyolite volcanics, which at their highest elevations were previously exploited for pyrophyllite in a number of small open pits. Cyprus'sampling of the pyrophyllite workings returned low levels of Au, but first pass hand trenching at lower elevations along strike returned peak values of 13m at 2.95 g/t Au including 2m at 12.8g/tAu, 21m at 0.62g/t Au, and 33m at 0.50g/tAu. These results are believed to be reliable, having been sampled and assayed to the standards of the day, but have not been confirmed by Coro, and so should no be relied upon. What's next?
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