Executive Summary
Alphamin has 3 concessions totalling 14,465 hectares. These concessions were acquired to cover potential lead-zinc-silver sedimentary-exhalative type deposits that maybe hosted there.
La Rioja – Sierra de las Minas and Chepes:
The results of previous work done on the properties indicate that the properties have potential for high-grade vein type gold deposits. As no work was done on the Company’s gold prospects located in the Sierra de las Minas and Chepes area, La Rioja Province, Argentina during the year ended December 31, 2007, management determined that the mineral properties were impaired and the capitalized costs of $24,800 were written off. The Company, during the second quarter of 2008, applied for 10,000 hectares in the Chepes area, La Rioja Province surrounding the Company’s Carmelitas claims. A review of company data suggests that there may be potential for low-grade, large-tonnage bulk mineable gold deposits on this property. No work was done on the property in 2010 or to September 30, 2011. The Company plans to investigate the possibility of joint venturing or selling this property.
Neuquen:
The Company has 3 concessions totalling 14,465 hectares in area in Neuquen province. These concessions were acquired to cover potential lead-zinc-silver sedimentary-exhalative type deposits that maybe hosted there. Stream sediment sampling was initiated during the second quarter of 2007, but the program was halted as a result of inclement weather. No work was done on the property in 2010 or to September 30, 2011.
Argentina Orthographic Projection sourced from Wikipedia
Argentina Sierra de las Minas and Neuquen (SEDEX) concessions