RE: beek regarding Santa FE Most of their work is focused on the San Francisco project for development and mill feed and possibly producing dore bars onsite at Mina Real but the latest update on the Santa Fe mine was
Santa Fe Area
Authorization from the Santa Fe Ejido was granted to Mina Real to start the access road into the "Mina Grande" area to reach old dumps. There is a quantified volume of 12,700 tons with average grades of 1.54 g/t Au and 220 g/t Ag, which holds the following structures:
• Clavellinos with grades up to 3 g/t Au and 350 g/t Ag over a width of 3m.
• Mina Grande with grades up to 2 g/t Au and 350 g/t Ag over a width of 2.5m.
Mina Real also owns 70% of Compania Minera Santa Fe S.A. de C.V. ("Compania Minera") which holds a 100% interest in the Santa Fe gold and silver property located immediately east of the Mina Real Property. The Company’s indirect interest in the Santa Fe Property is 56%. To fully vest its direct 70% interest in Compania Minera, Mina Real has agreed to implement a program of exploration to determine if the Santa Fe Property can be economically exploited. In addition, if the exploration work is successful, the Company has agreed to provide the necessary capital to construct a processing plant capable of processing a minimum of 200 tonnes per day. The Company must also pay US $10,000 monthly while it is conducting exploration and development on the Santa Fe Property.