Exploration

Apart from the exploration potential in the concessions adjacent and proximal to the EVBC and UMZ mines, the Company was awarded an Investigation Permit on the Lidia prospect; the area encompasses 2,560 hectares in the Navelgas Gold Belt of northern Spain, 30 kilometres from EVBC. The Lidia prospect, formerly known as the Linares prospect, is considered prospective for not only skarn-hosted mineralization, but intrusive-related gold mineralization as well. The Company has retained an experienced consultant to review data and assess the exploration potential proximal to both mines as well as the Lidia prospect.