Pinguino

The Pingüino property consists of 10,126 hectares located in the Departemento Deseado division of central Santa Cruz Province in south central Argentina. It is 300km southwest of Comodoro Rivadavia and 170km northwest of Puerto San Julian, Argentina.

MMTS, with input from Argentex Geologists and Giroux Consulting Ltd. constructed a three-dimensional block model encompassing the nine major veins of the Pingüino deposit. Modeled solids of each vein are constructed from sections orthogonal to the strike of each vein. Each vein is also modeled for both an oxide and a sulphide zone. The original MMTS/Giroux Resource modeling led to the 2009 Resource Statement.