maiden jorc for laguna, page-12

Hello Morning star

You are 50% correct..Yes it does contain large resources of silver but it also contains larger resources of Gold....

INITIAL DRILLING RESULTS ARQUEROS GOLD PROJECT
The Company is extremely pleased to release initial RC drilling results from its 100% owned Arqueros Gold Project which is located in the World Class Maricunga Gold Belt of Chile. These results include an exceptional drill intersect of:
111 metres at 1.23 g/t gold equivalent from 67 metres in AR09-09.
Better results in gold equivalents (AuEQ60) from Arqueros South Deposit include:
AR09-03 12 metres at 2.7 g/t gold equivalent
AR09-05 13 metres at 3.5 g/t gold equivalent
including 4 metres at 7.1 g/t gold equivalent
AR09-06 3 metres at 3.9 g/t gold equivalent
AR09-07 6 metres at 3.1 g/t gold equivalent
AR09-10 6 metres at 3.8 g/t gold equivalent
AR09-12 2 metres at 6.6 g/t gold equivalent
AR09-16 3 metres at 7.3 g/t gold equivalent
AR09-24 5 metres at 4.9 g/t gold equivalent
Better results in gold equivalents (AuEQ60) from the Arqueros North Deposit include:
AR09-21 36 metres at 1.2 g/t gold equivalent
AR09-22 28 metres at 1.2 g/t gold equivalent
The drilling programme commenced in late November 2009 and to date has completed approximately 6,500 metres of RC drilling in 30 holes. The Company currently has two drilling rigs operating on site. This programme is designed to delineate known mineralisation, verify the results of historical underground drilling and extend the current resource base.
Drilling from surface has demonstrated the continuity of grade and extent of the silver domain and reconciliation with the large historical database has already commenced and is making considerable positive progress.
Not all gold targets outlined by the Company have been able to be adequately tested by surface drilling and a programme of underground drilling has been initiated specifically to address these gold targets. Work has commenced on preparing for this 1,500 metre campaign, which will be completed before the onset of winter.
Outcrop mapping

Reverse circulation drilling at the Arqueros Gold Project continues with the focus on testing for extensions of the mineralised zone and the verification of historical data for an upgrade of the current JORC resource. Surface drilling will also test for a fault offset block to the west of the Arqueros South Deposit at depth.
Initial assay results and drilling data from the Arqueros Gold Project are presented below in table format.
The Arqueros Gold Project:

Drilling well underway with exceptional results being generated.

Company to soon have three drilling rigs operating on site.

ARQUEROS GOLD PROJECT
The Company is extremely pleased to release initial RC drilling results from its 100% owned Arqueros Gold Project which is located in the World Class Maricunga Gold Belt of Chile. These results include an exceptional drill intersect of:
111 metres at 1.23 g/t gold equivalent from 67 metres in AR09-09.
Better results in gold equivalents (AuEQ60) from Arqueros South Deposit include:
AR09-03 12 metres at 2.7 g/t gold equivalent
AR09-05 13 metres at 3.5 g/t gold equivalent
including 4 metres at 7.1 g/t gold equivalent
AR09-06 3 metres at 3.9 g/t gold equivalent
AR09-07 6 metres at 3.1 g/t gold equivalent
AR09-10 6 metres at 3.8 g/t gold equivalent
AR09-12 2 metres at 6.6 g/t gold equivalent
AR09-16 3 metres at 7.3 g/t gold equivalent
AR09-24 5 metres at 4.9 g/t gold equivalent
Better results in gold equivalents (AuEQ60) from the Arqueros North Deposit include:
AR09-21 36 metres at 1.2 g/t gold equivalent
AR09-22 28 metres at 1.2 g/t gold equivalent
The drilling programme commenced in late November 2009 and to date has completed approximately 6,500 metres of RC drilling in 30 holes. The Company currently has two drilling rigs operating on site. This programme is designed to delineate known mineralisation, verify the results of historical underground drilling and extend the current resource base.
Drilling from surface has demonstrated the continuity of grade and extent of the silver domain and reconciliation with the large historical database has already commenced and is making considerable positive progress.
Not all gold targets outlined by the Company have been able to be adequately tested by surface drilling and a programme of underground drilling has been initiated specifically to address these gold targets. Work has commenced on preparing for this 1,500 metre campaign, which will be completed before the onsetMine studies, including mine design / resource-reserve / environmental / geotechnical / hydrological and mine permitting have all commenced and are progressing well.

Arqueros was mined from 2000 to 2004 with approximately 278,000 ounces of gold equivalent extracted at an average gold equivalent grade (AuEQ60) of 7.1 g/t gold.

JORC Inferred Resource of 783,000 oz gold equivalent at 1.5 g/t gold equivalent. (0.5 g/t gold equivalent cut off grade) announced on 4 November 2009.

Gold and silver mineralisation at Arqueros is located 20 kilometres north of the producing Kinross Gold Corporations La Coipa Gold Mine (225,000 ounces per annum of gold equivalent produced in 2008).