FORM 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Issuer


Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of December 2007

Commission File Number 001-32412


CENTRAL SUN MINING INC.
(Translation of registrant’s name into English)

500 – 6 Adelaide St. East
Toronto, Ontario, Canada   M5C 1H6
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F

  Form 20-F          Form 40-F   X  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):                

  Note:  Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):                

  Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.

  Yes        No    X  

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82 —          



Exhibits

Exhibit No. Description
99.1 Press Release Dated December 10, 2007



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  CENTRAL SUN MINING INC.


Date:   December 10, 2007 By:   /s/ Lorna MacGillivray                                   
         Lorna MacGillivray
         Corporate Secretary and General Counsel






EXHIBIT 99.1


 

NEWS RELEASE

CENTRAL SUN MINING INC.


500 – 6 Adelaide St. East, Toronto, ON M5C 1H6 Ph: (416) 860-0919 Fax: (416) 367-0182

 

FOR IMMEDIATE RELEASE

TSX: CSM, CSM.WT

December 10, 2007

AMEX: SMC

 

CENTRAL SUN PROVIDES UPDATE ON 2007 EXPLORATION
PROGRAM IN NICARAGUA & OUTLINES PLANS FOR 2008

 

Central Sun Mining Inc. (the “Company”) is pleased to provide an update on results of the 2007 exploration program and to outline the strategy for exploration in 2008. In 2007, diamond drilling was completed at the Orosi Mine (formerly Libertad), Limon Mine and Mestiza projects. Exploration results in 2007 were previously reported in a press release dated February 27, 2007.

 

Peter Tagliamonte, President & CEO commented: “With the restructuring and refinancing of Central Sun Mining now complete, we are embarking on a very aggressive exploration program in 2008 to significantly expand resources at our Orosi and Limon mine, further explore the Mestiza project located 70km east of Limon as well as evaluate our extensive property holdings in these areas. The exploration program budgeted at CDN$7 million will include 25,000+m of diamond drilling with drilling to commence in early January 2008.”

 

Dr. Bill Pearson, P.Geo., Executive Vice President, Exploration said: “Planning for the 2008 program is well advanced. Drilling will initially commence in the Limon mine area where six major target areas have already been defined. Induced polarization geophysical surveys are planned on the potential eastern extension of Orosi along with geological mapping and trenching to define drill targets on this extensive structure. Drilling here is scheduled to start in April after the target definition work is completed. Geological work including data compilation is already in progress on Mestiza and some of the other regional targets; targets outlined here will be drill tested later in the year. We have assembled a very strong exploration team in Nicaragua and we have excellent logistical support from our mining personnel.”

 

Dr. Pearson went on to add: “The low sulphidation epithermal systems that host gold mineralization in Nicaragua are much stronger and more extensive than is generally realized. A major objective of the 2008 program will be to evaluate the potential of the full extent of the systems and in particular to better understand the controls on the higher grade mineralization.”


2007 Exploration Results

 

Orosi Mine

 

The in-fill diamond drilling program conducted at the Orosi Mine to upgrade inferred mineral resources to the indicated mineral resource category has been successfully completed. The new drill results are being incorporated into an updated mineral resource estimate being prepared by Scott Wilson RPA, Inc. (“Scott Wilson”) as part of the Orosi Mine Mill feasibility study currently in progress. The in-fill drilling program comprised of 94 holes totaling 9,509 metres including one metallurgical hole (DDH15M) and was completed over an eight month period. Holes were drilled on 25m sections with intercepted intervals at less than 60m apart on section to a vertical depth of 60-90 m. Some exploration drilling was also completed to test the eastern extension of the main deposit structure (Mojon-Santa Elena) as well an additional vein structure (Cuernos de Oro), located 1.2 km north of the Mojon pit.

 

Table 1A below lists significant drilling results in the Orosi mine area and Table 1B gives collar coordinate and orientation data for the holes.  Highlights are as follows:

 

 

Santa Maria

 

6.82 g Au/t (3.73 cut) over 4.0m true width in DDH39

 

71.13 g Au/t (10.03 cut) over 2.8m true width in DDH43

 

5.26 g Au/t over 11.6 m true width in DDH59

 

15.02 g Au/t over 9.6m true width in DDH60

 

11.93 g Au/t (8.42 cut) over 10.4m true width in DDH61

 

18.33 g Au/t (14.06 cut) over 8.2m true width in DDH67

 

6.12 g Au/t over 4.4m true width in DDH88

 

Mojon

 

2.42 g Au/t over 10.6m true width in DDH73

 

3.94 g Au/t over 23.0m true width in DDH74

 

Santa Elena

 

24.45 g Au/t (9.54 cut) over 1.7m true width in DDH84

 

2.32 g Au/t over 10.9m true width in DDH86

 

5.68 g Au/t over 14.0m true width in DDH87

 

Drilling continues to confirm the presence of Bonanza-style higher grade mineralization within the more extensive lower grade mineralization.  The vein structures on the Orosi property which covers 14,496 ha extend for approximately 20km along strike with the vast bulk of previous exploration concentrated in the mine area that extends for about 2 km.

 

Limon Mine

 

An extensive underground in-fill diamond drilling in the Talavera zone totaling 4,830 metres in 41 holes was completed over the past six months. Holes were collared at 25 m spacing and intersected targets at intervals of less than 60 m apart vertically to a depth of 30m. Table 2A below lists significant results and Table 2B lists collar coordinates and orientation data. These

 

2


drill results are being incorporated into an updated mineral resource and reserve estimate for the mine. Highlights are as follows:

 

 

6.92 g Au/t over 3.2m true width in 3376-U

 

6.24 g Au/t over 2.3m true width in 3377-U

 

11.47 g Au/t over 2.0m true width in 3378-U

 

6.72 g Au/t over 1.9m true width in 3380-U

 

8.99 g Au/t over 2.5m true width in 3381-U

 

14.27 g Au/t over 2.2m true width in 3385-U

 

7.58 g Au/t over 5.9m true width in 3389-U

 

6.24 g Au/t over 6.6m true width in 3392-U

 

6.36 g Au/t over 1.8m true width in 3401-U

 

8.05 g Au/t over 5.2m true width in 3405-U

 

5.04 g Au/t over 3.1m true width in 3406-U

 

8.21 g Au/t over 1.7m true width in 3407-U

 

7.11 g Au/t over 2.6m true width in 3413-U

 

A diamond drilling program of 6 holes totaling 783 m tested the north-south extension of the El Limon zone located about 2.0 km northeast of Talavera. Table 2A below lists significant results and Table 2B lists collar coordinates and orientation data. Highlights are as follows:

 

 

4.53 g Au/t over 6.4m true width in 3395

 

4.22 g Au/t over 3.0m true width in 3399

 

Mestiza Project

 

The Mestiza project is located 70 kilometres east of the Limon Mine. As previously reported (Annual Information Form for the fiscal year ended December 31, 2006) Mestiza contains an inferred mineral resource of 689,700 tonnes grading 10.3 g Au/t containing 228,000 oz of gold. In 2007, a trench sampling program along a 600m strike length of the vein and three (3) drill holes totaling 619 m were completed before the program was terminated due to financial constraints. The Mestiza prospect is part of the La India district that covers an area of 6,500 hectares and is underlain by a sequence of mid Tertiary volcanic rocks that host rock several low sulfidation, epithermal gold-bearing quartz veins of different thicknesses and attitudes.

 

Significant results from trenching are as follows:

 

Table 3: Significant results from Trench sampling, Mestiza Project

 

Trench

Easting

(m)

Northing

(m)

True Width

(m)

Gold

(g/t)

Silver

(g/t)

TR-24

574154

1413325

0.9

1.60

7.20

TR-26

574311

1413158

1.4

5.28

13.28

TR-203

574314

1413081

1.2

4.06

11.80

TR-215

574276

1413081

1.0

2.84

8.07

TR-379

574304

1413165

1.1

1.08

3.60

 

 

3


 

TR-383

574193

1413279

1.2

5.93

9.94

TR-400

574294

1413179

1.5

4.62

11.60

TR-401

574326

1413027

0.6

8.88

6.38

TR-402

574334

1413028

0.6

1.85

0.92

TR-403

574352

1413028

0.9

3.43

3.45

 

Results from the three diamond drill holes completed are as follows:

 

Hole

From

(m)

To

(m)

Core Length

(m)

True Width (m)

Gold

(g/t)

TAT01

220.2

229.4

9.4

9.1

0.35

TAT02

163.5

164.6

1.1

1.0

6.94

TAT03

155.2

164.1

9.0

7.0

0.45

 

Further work is planned on Mestiza in 2008 including induced polarization surveys to better define areas of mineralization within the vein structures and to look for areas where multiple vein structures may be present.

 

Sampling, Assaying and Quality Control

 

The core is logged, photographed and then sampled with half the core retained and stored on-site. Samples are taken as half of the sawn core that varies in size from HQ (63.5 mm) for metallurgical holes to NQ (47.6 mm) for the other drill holes. All core samples were prepared and assayed at either the Company’s Limon Mine or its Orosi Mine laboratories.

 

Both the Limon and Libertad mine laboratories use normal industry procedures. The entire half-core samples were crushed to pass 10-mesh-size sieve, a 1/4 split was then pulverized to have greater than 90% pass the 200-mesh-sized sieve to produce a 100 gram homogenized sub-sample. A one-assay ton aliquot (a 29.2 gram sub-sample) is used for fire assaying with an atomic absorption (AA) or gravimetric finish to determine gold concentration. Internal quality control includes the use of blanks, duplicates and standards in every batch of samples. The Company also conducts internal check assaying. Regular external check assays are performed at a certified Canadian commercial laboratory.

 

Qualified Person

 

Graham Speirs, P.Eng., COO for Central Sun Mining, is the Qualified Person responsible for the disclosure of the drill results as defined by National Instrument 43-101. The drilling program was being conducted under Mr. Speirs. The laboratory results reported herein and the internal quality control information were reviewed and verified by Mr. Speirs. Mr. Speirs has read and approved this news release.

 

 

About Central Sun Mining

 

4


The Company is a gold producer with mining and exploration activities focused in Nicaragua. The Company operates the Limon Mine in Nicaragua and plans to convert the Orosi Mine in Nicaragua to conventional milling and expand annual gold output. It also holds an option to acquire a 100% interest in the Mestiza gold property which is located 70 kilometres from the Limon Mine. The Company focuses on efficient and productive mining practices to establish a firm base of quality operations. Central Sun Mining is committed to growth by optimizing current operations and expanding mineral reserves at existing mines.

 

For further information, please contact:

 

Peter W. Tagliamonte, President & CEO

CENTRAL SUN MINING INC.

(416) 860-0919; ir@centralsun.ca

 

Cautionary Note Regarding Forward-Looking Statements: This press release contains “forward-looking statements”, within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the completion of the Company’s new strategic plan, the future financial or operating performance of the Company, its subsidiaries and its projects, the future price of gold, estimated recoveries under the milling plan, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital for the mill project, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability, insurrection or war; delays in obtaining governmental approvals or required financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled “General Development of the Business – Risks of the Business” in the Company’s annual information form for the year ended December 31, 2006 on file with the securities regulatory authorities in Canada and the Company’s Form 40-F on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities law.

 

5


Table 1A: Summary of Significant Drilling Results, Orosi Mine

 

Hole(i)

From

(m)

To

(m)

Core Length

(m)

True Width (m)

Gold

(g/t)

Zone

Uncut

Cut(ii)

 

DDH15M

99.75

105.27

5.52

3.8

1.61

 

Santa Maria

 

106.77

115.75

8.98

6.1

7.75

 

Santa Maria

DDH37

51.40

61.90

10.10

8.4

1.87

 

Santa Maria

DDH38

10.17

15.40

5.23

2.8

1.44

 

Santa Maria

DDH39

44.00

49.50

5.50

4.0

6.82

3.73

Santa Maria

 

61.70

63.55

1.85

1.3

5.35

 

Santa Maria

DDH40

97.62

100.50

2.88

2.3

7.63

 

Santa Maria

DDH41

108.70

112.60

3.90

2.8

8.86

 

Santa Maria

DDH42

116.70

128.45

11.75

10.6

15.78

10.8

Santa Maria

DDH43

117.00

120.94

3.94

2.8

71.13

10.03

Santa Maria

DDH44

nsv

 

 

 

 

 

Santa Maria

DDH45

129.30

131.20

1.92

1.4

0.68

 

Santa Maria

DDH46

127.36

130.36

3.00

1.9

0.82

 

Santa Maria

DDH47

73.70

75.02

1.32

0.9

2.12

 

Santa Maria

DDH48

66.80

70.76

3.96

2.8

0.95

 

Santa Maria

DDH49

nsv

 

 

 

 

 

Santa Maria

DDH50

nsv

 

 

 

 

 

Santa Maria

DDH51

nsv

 

 

 

 

 

Santa Maria

DDH52

nsv

 

 

 

 

 

Santa Maria

DDH53

31.20

41.20

10.00

8.7

1.11

 

Santa Maria

 

55.77

59.10

3.33

3.0

1.75

 

Santa Maria

DDH54

nsv

 

 

 

 

 

Santa Maria

DDH55

12.30

22.90

10.60

8.7

3.90

 

Santa Maria

DDH56

nsv

 

 

 

 

 

Santa Maria

DDH57

104.58

112.20

7.62

4.1

0.41

 

Santa Maria

DDH58

17.50

20.05

2.55

2.1

0.45

 

Santa Maria

DDH59

46.80

61.90

15.10

11.6

5.26

 

Santa Maria

DDH60

133.13

144.20

11.07

9.6

15.02

 

Santa Maria

DDH61

61.10

79.26

18.16

10.4

11.93

8.42

Santa Maria

DDH62

146.67

154.95

8.28

6.4

0.44

 

Santa Maria

DDH63

149.15

149.75

0.60

0.4

8.17

 

Santa Maria

DDH64

115.80

120.18

4.38

3.6

1.72

 

Santa Maria

DDH65

65.45

70.55

5.10

4.6

0.63

 

Santa Maria

DDH66

70.90

75.70

4.80

3.9

4.71

 

Santa Maria

DDH67

76.45

85.20

8.75

8.2

18.33

14.06

Santa Maria

DDH68

33.84

34.45

0.61

0.5

44.52

25.00

Santa Maria

 

63.95

71.20

7.25

5.6

1.62

 

Santa Maria

DDH69

32.71

36.60

3.89

3.7

4.86

 

Santa Maria

DDH70

70.40

71.75

1.35

0.9

11.13

 

Santa Maria

DDH71

26.90

30.15

3.25

1.6

3.47

 

Santa Maria

 

 

6


 

DDH72

99.22

100.86

1.64

0.7

2.86

 

Santa Maria

DDH73

62.70

77.60

14.90

10.6

2.42

 

Mojon

 

79.40

81.20

1.80

1.3

2.63

 

Mojon

DDH74

68.40

100.80

32.40

23.0

3.94

 

Mojon

DDH75

42.20

56.60

14.40

10.2

1.33

 

Mojon

DDH76

79.40

85.10

5.70

5.0

2.36

 

Mojon

DDH77

114.52

115.67

1.15

0.8

4.74

 

Babilonia

DDH78

nsv

 

 

 

 

 

Babilonia

DDH79

88.00

95.30

7.30

5.2

1.02

 

Babilonia

DDH80

nsv

 

 

 

 

 

Mojon

DDH81

nsv

 

 

 

 

 

Santa Elena

DDH82

76.70

84.80

8.10

7.4

1.53

 

Mojon

 

102.40

113.70

11.30

9.3

1.37

 

Mojon

DDH83

15.50

26.60

11.10

7.9

2.47

 

Santa Elena

DDH84

36.30

38.75

2.45

1.7

24.45

9.54

Santa Elena

 

55.72

62.60

6.88

4.9

1.01

 

Santa Elena

DDH85

228.43

232.37

3.94

2.9

1.16

 

Mojon

 

262.00

266.92

4.92

3.5

3.33

 

Mojon

DDH86

19.00

34.38

15.38

10.9

2.32

 

Santa Elena

DDH87

73.30

93.00

19.70

14.0

5.68

 

Santa Elena

DDH88

79.69

85.90

6.21

4.4

6.12

 

Santa Maria

DDH89

12.25

19.75

7.50

5.3

0.55

 

Santa Maria

DDH90

5.50

11.20

5.70

3.3

2.49

 

Santa Maria

DDH91

87.91

100.00

12.09

8.6

1.78

 

Santa Elena

 

106.30

117.97

11.67

8.3

1.34

 

Santa Elena

DDH93

nsv

 

 

 

 

 

Santa Elena

DDH94

81.33

91.22

9.89

6.7

5.25

 

Santa Elena

 

 

 

 

 

 

 

 

 

 

 

(i)All holes are NQ core size; nsv equals no significant values; holes to DDH36 reported in February 27, 2007 press release

(ii) High sample assays capped at 40 g/t for massive quartz zones and 25 g/t for stockwork zones;

the cut values were established geostatistically.

 

7


Table 1B: Collar Coordinates and Orientations of Drill Holes, Orosi Mine

 

Hole

Easting

Northing

Elev.

Length

Az(i)

Dip(i)

DDH15M

50362.17

49902.55

557.29

125.7

330

-65

DDH37

50223.11

49833.55

514.34

88.8

330

-53

DDH38

50245.84

49892.42

522.24

66.7

330

-60

DDH39

50329.65

49897.34

541.88

106.0

330

-60

DDH40

50316.91

49868.24

540.11

96.5

330

-45

DDH41

50382.89

49904.69

565.27

126.8

330

-60

DDH42

50442.94

49902.51

575.76

137.3

330

-47

DDH43

50482.09

49934.00

570.51

136.2

330

-52

DDH44

50168.17

49726.06

511.93

175.4

330

-54

DDH45

50190.67

49737.13

505.59

145.2

330

-45

DDH46

50203.72

49764.22

506.37

140.7

330

-50

DDH47

50416.98

49945.38

585.01

143.5

330

-55

DDH48

50490.64

49967.84

583.81

130.6

330

-50

DDH49

50441.26

49903.36

575.61

171.7

330

-60

DDH50

50543.48

50020.06

561.30

87.2

330

-50

DDH51

50574.38

50033.21

564.73

89.2

330

-60

DDH52

50626.05

50042.68

575.86

102.5

330

-50

DDH53

50080.69

49778.78

513.50

105.4

330

-46

DDH54

50601.99

50031.57

570.32

81.5

330

-65

DDH55

50096.11

49802.48

505.30

79.4

330

-45

DDH56

50457.09

49976.88

590.58

55.7

330

-55

DDH57

50515.35

49972.79

576.93

124.7

330

-60

DDH58

50181.01

49855.46

530.09

44.1

330

-55

DDH59

50102.43

49778.25

511.20

102.1

330

-50

DDH60

50523.81

49956.79

534.91

158.5

330

-60

DDH61

50102.77

49777.62

511.28

108.0

330

-60

DDH62

50519.73

49917.91

555.45

162.2

330

-50

DDH63

50492.02

49917.13

525.83

161.7

330

-55

DDH64

50451.02

49931.15

578.39

133.8

330

-57

DDH65

50412.72

49953.89

581.38

88.0

330

-62

DDH66

50374.77

49917.96

564.03

105.6

330

-50

DDH67

50359.64

49897.31

557.34

133.1

330

-55

DDH68

50326.77

49903.37

541.75

118.0

330

-60

DDH69

50298.74

49908.12

534.41

54.4

330

-48

DDH70

50291.01

49876.50

527.12

101.7

330

-58

 

 

8


 

DDH71

50267.93

49901.92

525.97

53.0

330

-68

DDH72

50206.33

49783.33

509.87

131.6

330

-55

DDH73

48749.99

49516.92

461.41

131.7

330

-45

DDH74

48750.70

49516.31

461.53

131.4

330

-60

DDH75

49043.57

49708.45

485.64

124.8

330

-55

DDH76

49008.40

49618.96

480.63

212.2

330

-55

DDH77

49692.19

49935.14

477.21

131.3

330

-53

DDH79

49773.19

49995.68

496.60

126.0

330

-65

DDH79

49773.19

49995.68

496.60

126.0

330

-65

DDH80

48787.54

49452.47

493.83

82.2

330

-45

DDH81

49949.57

50096.82

518.66

71.5

330

-60

DDH82

49127.67

49663.74

495.70

166.6

330

-50

DDH83

49925.05

50141.47

540.86

53.0

330

-56

DDH84

49978.45

50141.59

534.51

142.1

330

-55

DDH85

48789.36

49407.65

498.41

278.4

330

-55

DDH86

49890.84

50089.46

514.56

77.0

330

-70

DDH87

50054.70

50203.88

548.88

105.5

330

-50

DDH88

50463.28

49949.29

583.45

118.6

330

-50

DDH89

50354.37

49937.25

563.80

34.5

330

-45

DDH90

50330.15

49931.71

553.91

38.9

330

-55

DDH91

50139.48

50310.39

577.76

119.4

330

-50

DDH92

50506.91

50022.25

584.65

62.4

330

-65

DDH93

50096.47

50284.96

580.93

105.2

330

-55

DDH94

50204.31

50347.15

596.77

135.1

330

-60

 

(i) Azimuth (Az) and Dip are measured in degrees.

 

9


Table 2A: Summary of Significant Drilling Results, Limon Mine, Talavera and El Limon Zones

 

Hole(i) (ii)

From

(m)

To

(m)

Core Length

(m)

True Width (m)

Gold

(g/t)

3369-U

nsv

 

 

 

 

3370-U

abandoned

fault

 

 

 

3371-U

nsv

 

 

 

 

3372-U

179.90

182.00

2.10

1.8

2.95

3373-U

no vein

 

 

 

 

3374-U

45.48

46.00

0.52

0.4

1.44

3375-U

41.20

42.20

1.00

0.8

3.27

3376-U

43.85

47.70

3.85

3.2

6.92

3377-U

41.92

44.72

2.80

2.3

6.24

3378-U

76.70

79.30

2.60

2.0

11.47

3379-U

68.93

70.74

1.81

1.5

3.39

3380-U

89.30

92.13

2.83

1.9

6.72

3381-U

46.60

49.57

2.97

2.5

8.99

3382-U

43.92

44.90

0.98

0.8

3.25

3383-U

43.80

44.57

0.77

0.7

21.26

3384-U

40.91

42.18

1.27

1.2

5.67

3385-U

52.45

54.90

2.45

2.2

14.27

3386-U

55.44

57.00

1.56

1.3

3.54

3387-U

56.68

58.88

2.20

1.5

2.57

3388-U

47.12

47.92

0.80

0.7

3.29

3389-U

9.12

16.00

6.88

5.9

7.58

3390-U

7.80

9.80

2.00

1.7

5.09

3391-U

abandoned

 

 

 

 

3392-U

17.30

25.00

7.70

6.6

6.24

3393-U

39.00

39.60

0.60

0.4

20.09

3394-U

nsv

 

 

 

 

3395-U

61.90

69.55

7.65

6.4

4.53

3396-U

19.42

20.52

1.10

1.0

5.79

 

26.28

28.50

2.22

2.1

1.27

 

40.71

42.15

1.44

1.3

6.58

 

64.09

64.56

0.47

0.4

6.75

3397-U

51.00

55.12

4.12

3.0

3.68

3398-U

52.94

54.60

1.66

1.4

2.08

 

60.00

61.50

1.50

1.3

3.01

3399-U

50.80

53.80

3.00

3.0

4.22

3400-U

31.30

40.00

8.70

8.5

1.31

3401-U

44.00

46.00

2.00

1.8

6.36

 

54.00

55.60

1.60

1.5

6.13

3402-U

59.20

60.80

1.60

1.3

2.70

 

66.40

68.00

1.60

1.3

4.50

3403-U

58.00

61.60

3.60

3.2

3.90

 

 

10


 

3404-U

197.80

200.00

2.20

1.8

1.50

3405-U

200.50

207.00

6.50

5.2

8.05

3406-U

192.20

196.00

3.80

3.1

5.04

3407-U

195.00

205.00

10.00

8.8

2.70

incl.

195.00

196.90

1.90

1.7

8.21

incl.

199.00

205.00

6.00

5.2

1.84

3408-U

no vein

 

 

 

 

3409-U

191.10

192.10

1.00

0.9

1.80

3410-U

71.45

80.05

8.60

8.0

1.56

3411-U

nsv

 

 

 

 

3412-U

63.40

69.80

6.40

6.0

1.91

3413-U

76.80

81.29

4.49

2.6

7.11

3414-U

71.65

77.25

5.60

5.4

1.85

3415-U

nsv

 

 

 

 

 

 

(i) All holes are HQ, NQ or BRQ core size; nsv equals no significant values

(ii) Holes 3395, 3399, 3400, 3410, 3412 and 3414 were drilled in the north-south extension of the El Limon zone.

 

11


Table 2B: Collar Coordinates and Orientations of Drill Holes, Limon Mine, Talavera and El Limon Zones

 

Hole (ii)

Eastiing

Northing

Elev.

Length

Az(i)

Dip(i)

3369

524523.51

1409548.53

-103.5

230.0

157

5

3370

523749.69

1409345.08

58.0

401.1

145

-50

3371

524523.51

1409548.53

-103.0

175.0

157

11

3372

524523.51

1409548.53

-103.6

192.0

146

7

3373

523690.68

1409321.93

56.22

467.5

145

-48

3374

525280.08

1409696.37

-100.7

58.4

10

-9

3375

525280.08

1409696.37

-99.5

89.0

11

10

3376

525280.08

1409696.37

-100.7

61.0

322

11

3377

525280.08

1409696.37

-99.5

56.0

322

12

3378

525275.91

1409672.46

-101.2

80.0

309

-5

3379

525275.91

1409672.46

-102.0

79.0

309

9

3380

525275.91

1409672.46

-102.5

101.0

309

-13

3381

525280.08

1409696.37

-100.5

64.6

322

-16

3382

525280.08

1409696.37

-98.2

62.2

322

25

3383

525280.08

1409696.37

-99.5

61.0

350

0

3384

525280.08

1409696.37

-98.5

47.4

350

24

3385

525280.08

1409696.37

-100.7

66.0

350

-21

3386

525207.46

1409663.11

-102.7

59.4

360

3

3387

525207.46

1409663.11

-103.6

64.4

360

-18

3388

525207.46

1409663.11

-101.3

56.0

360

33

3389

524693.03

1409389.40

-107.0

43.0

156

0

3390

524693.03

1409389.40

-105.8

44.0

156

19

3391

524695.06

1409390.85

-107.0

47.0

120

0

3392

524695.06

1409390.85

-105.8

43.0

125

25

3393

524694.90

1409396.36

-106.5

53.4

102

0

3394

524694.90

1409396.36

-108.0

55.0

102

16

3396

524635.69

1409375.98

-113.2

84.0

182

0

3397

525072.63

1409800.39

-18.2

61.0

314

11

3398

525072.64

1409801.09

-17.7

76.0

357

-15

3401

525072.64

1409801.09

-17.7

81.0

357

5

3402

525074.94

1409800.84

-18.7

81.3

9

-11

3403

525074.94

1409800.84

-18.0

64.2

9

4

3404

525266.38

1409729.71

-75.0

217.0

319

3

3405

525266.38

1409729.71

-75.0

220.4

319

-3

3406

525266.38

1409729.71

-74.5

209.0

327

3

3407

525266.38

1409729.71

-75.0

212.3

327

-3

3408

525266.38

1409729.71

-74.5

135.1

337

3

3409

525266.38

1409729.71

-75.0

206.0

337

-2

3411

525266.38

1409729.71

-74.5

232.2

347

3

3413

525878.19

1410038.58

-115.0

102.0

329

-17

3415

525878.19

1410038.58

-115.0

92.0

304

-18

 

(i) Azimuth (Az) and Dip are measured in degrees.

(ii) Holes 3395, 3399, 3400, 3410, 3412 and 3414 were drilled in the north-south extension of the El Limon zone.

 

12