PROJECT LOCATION

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The Ouray Silver Mine project (Longitude 107.750 deg. W / Latitude 37.974 deg. N) is located approximately 5.5 miles southwest of the town of Ouray, Colorado, where the Company has its primary office and storage facilities. Operation is year-round. Given its proximity to Ouray, Ridgway, Montrose (the Montrose airport is 36 miles to the north) and other local communities, there is no need for camps or fly-in/fly-out arrangements.

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The property consists of 110 patented mining claims (812 net acres) and 39 unpatented claims (343 acres.)  The mine portal faces northwest, and is at an elevation of 10,660 feet.

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The surface footprint of the site is minimal and the mill equipment is located underground. A bio-reactive leach field was recently installed for passive treatment of mine water discharge, eliminating the long term need for a costly mechanical water treatment solution.