The first hole intersected mineralization over 422m true width, which is an increase of 52% over the 2013 historical resource model in that area.

The after-tax net present value with an 8% discount is $299 million and an after-tax internal rate of return of 17.7%.

The Corani deposit in southern Peru is one of the largest fully permitted silver-polymetallic deposits in the world.

The first hole intersected 101 metres grading 0.21% total nickel, starting about 27 metres below surface.

The TAM deposit lies approximately 3 kms north of the Alpala deposit, the main target in the Cascabel concession.

The Gosselin deposit is estimated at 124.5 million indicated tonnes averaging 0.84 g/t gold for 3.35 million contained oz.