Q2 Rochester reviewed aquisition of another mill/mine During Q2 there were no activities at Santa Fe and during the quarter various government officials conducted site visits to inspect the proposed powder magazine areas.
In addition to activities at the Mina Real and Santa Fe project areas Company geologists and engineers also conducted detailed due diligence on El Diamante, a project located some 700 kilometers from the plant. The El Diamante is a small operating mine and mill which was investigated for possible acquisition. At this time the Company`s due diligence indicates this acquisition should not be pursued. The Company may re-visit this opportunity but for now this is on hold.