American Tunnels Porphyry Copper-Gold Targets

American Tunnels is characterized by an IP chargeability anomaly extending over 800 m by 300 m, with associated resistivity and magnetic anomalies. The chargeability anomaly here is relatively shallow-sourced compared to the remainder of the six kilometer anomaly trend at Agata. Underground sampling of local small-scale miners' copper workings gave high copper values, associated in places with high gold and molybdenum values. Mineralization is at the top of multi-phase intrusives, on the cusp of a shallow IP chargeability anomaly that "daylights".



The copper mineralization is interpreted as a high-grade, late-stage concentration at the upper contact of the intrusive stocks and dikes, and derived from porphyry copper-gold mineralization below. Extensive copper, gold and zinc soil anomalies are associated.

Detailed underground sampling and mapping of the copper workings were carried out. Sampling was restricted to wall rock in mined-out areas of the copper workings. It has not been possible to sample working faces due to their inaccessibility and dangerous conditions. The more significant continuous rock chip results are as follows:

Length (m)	Copper %	Gold g/t	Location
21.5	1.17	1.02	Victor workings
17.5	2.01		Loloy workings
6.0	3.67		Pabling workings

NEWS RELEASES

January 22, 2010	Final Drill and Undergound Sample Results from American Tunnels
October 27, 2009	Initital Drill Results Confirm Gold and Porphyry Copper-Gold Mineralization Potential at American Tunnels

TECHNICAL REPORTS

April 25, 2005

Independent Geological Report on the Surigao Property Group