OTRAS OPERACIONES MINERAS | OTHERS MINING OPERATIONS ALPAMARCA Diseo del tajo abierto Alpamarca | Alpamarca open pit desingn TAJO ALPAMARCA: trabajo de desbroce | Alpamarca Open pit: Stripping work Don Pablo Fortuna Anita Capilla Nito Nueva Fortuna Juanita DON PABLO - FORTUNA ANITA NUEVA FORTUNA JUANITA CAPILLA ACCESOS NITO TOPOGRAFIA ACCESOS NITO CAPILLA DON PABLO - FORTUNA NUEVA FORTUNA - ANITA - JUANITA | 49 Alpamarca, campamento en nevada | Alpamarca, camp with snow MINA ALPAMARCA Alpamarca se ubica en la meseta Intracordillerana de Junn Cerro de Pasco, a una altitud de 4,770 metros sobre el nivel del mar, distrito de Santa Brbara de Carhuacayn, Provincia de Yauli, Departamento de Junn. Se localiza en la comunidad Campesina de San Jos de Baos. Alpamarca es una gran falla Andina de rumbo NW, con mineral de plomo, zinc, plata y relativo cobre. La mina Alpamarca tuvo operaciones, en varias etapas, entre los aos 1950 y 1983. Inicialmente la explotacin fue subterrnea y al nal con pequeos tajos abiertos (Nito y Don Pablo). Durante el 2008 se inici una operacin a tajo abierto y la preparacin de la mina subterrnea. Tiene 1.5m de toneladas de reservas con leyes de 0.16% Cu, 1.29% Pb, 2.52% Zn y 4.00 oz.Ag/t y recursos en profundidad de 2.4m con leyes de 0.16% Cu, 1.30% Pb, 2.5% Zn y 5 oz.Ag/t. La produccin actual es de 350 tpd y el mineral extrado es transportado desde los stock piles directamente a la planta Animn en la mina Chungar (42 km) con camiones de 40 TM de capacidad. En la medida que la produccin se incrementar a 2,000 tpd, la capacidad de la planta Animn sera insuciente por lo que se est diseando y programando la construccin de una planta en Alpamarca para operar en el 2011. MINA ALPAMARCA Alpamarca is located in the intermountain plateau of Junin - Cerro de Pasco, at an altitude of 4,770 mls above sea level, in the district of Santa Barbara of Carhuacayn, Province of Yauli and Department of Junin. It is located in the rural community of San Jos de Baos. Alpamarca comprises a large Andean fault trending NW and carrying lead, zinc, silver and copper mineral. Past operations at Alpamarca were carried out in several stages, between the years 1950 and 1983. Initially exploitation was from underground, but towards the end small open pits were started (Nito and Don Pablo). During 2008, open pit operations were restarted and the underground mine is being prepared. It has 1.5 m. of tonnes of reserves with grades of 0.16 Cu, 1.29% Pb, 2.52% Zn and 4.0 oz.Ag/t and resources going deeper of 2.4 m. with grades of 0.16% Cu, 1.30% Pb, 2.5% Zn and 5 oz.Ag/t. Current production is 350 tpd. The extracted mineral is transported from stockpiles directly to the Animn plant at Chungar (42 Km.) with trucks of 40 MT capacity. Considering that the production will increase up to 2,000 tpd., the capacity of Animn plant would not be enough; therefore, the construction of a plant in Alpamarca is being designed and programmed to operate in 2011. 50 | COMPAIA MINERA S.A.A. La operacin est conectada a travs de la lnea de transmisin de 22.9 KV del sistema de Centrales Hidroelctricas de la cuenca de Baos. Alpamarca tiene programado incrementar su produccin en el largo plazo hasta 720,000 TMS de mineral en los siguientes aos. Para la explotacin supercial a tajo abierto se realiz el modelamiento del yacimiento lograndose denir el diseo nal del Tajo Alpamarca, que inicialmente consta de 4 tajos que al nal se integrarn y constituirn en uno solo. Para lograr esto el siguiente plan ser desarrollado: Explotacin de mineral mediante una operacin a tajo abierto. Produccin de 15,000 TMS por mes (180,000 TMS anuales) del tajo abierto durante el ao 2009 y del tajo y mina subterrnea durante el ao 2010. Este mineral ser transportado hacia Chungar y tratado en la planta Concentradora. Preparacin de una operacin subterrnea para inicio de operaciones a partir del ao 2010. Construccin de una planta concentradora independiente en Alpamarca, as como la construccin del depsito de relaves en el 2010. Ejecucin de pruebas y puesta en marcha de la planta en el ao 2011. Produccin TM | Production TM 2009 2010 2011 2012 2013 Mineral Tratado | Processed mineral 270,000 540,000 720,000 720,000 720,000 Concentrado Zn | Concentrate Zn 7,208 15,156 21,046 22,180 22,180 Concentrado Pb| Concentrate Pb 5,933 12,122 16,454 16,843 16,843 Concentrado Cu | Concentrate Cu 538 1,105 1,505 1,553 1,553 Onzas Ag | Ounces Ag 815,184 1841,875 2695,542 3019,853 3019,853 PLAN DE PRODUCCION 2009 - 2013| PRODUCTION PLAN 2009 - 2013 The operation is connected through a 22.9kv transmission line from the Central Hydroelectric Power Plant system of the Baos basin. Alpamarca is programmed to increase its production in the long term to 720,000 MT in the following years. For surface exploitation by open pit, an orebody model was made from which was determined a nal design for the Alpamarca open pit which formerly had 4 open pits that in the end will be merged into one. In order to achieve this, the following plan will be developed: Mineral exploitation by means of an open pit operation. Production of 15,000MT per month (180,000 MT annual), which will come from the open pit during the year 2009 and from the open pit and underground mine from the year 2010. The mineral will be transported to Chungar to be processed in the concentrator plant. Preparation of an underground operation in order to start mining activities in 2010. Construction of an independent concentrator plant in Alpamarca as well as the construction of a tailings deposit in 2010. Execute testwork and commission the plant in 2011.
TM % Cu % Pb % Zn oz Ag Mineral Tratado 104,000 0.18 1.51 2.65 4.00 Cc Zn 3,740 Cc Pb 2,100 Cc Cu 129 Oz Ag 264,410 PRODUCCION 2008| PRODUCTION 2008 | 51 MINA TORUNA La Mina TORUNA se ubica en el distrito de Ulcumayo, provincia y departamento de Junn a una altura de 4,200 msnm. Desde Huachn hasta Paucartambo existen operaciones mineras aurferas informales, que se benecian de esta actividad desde muchas dcadas atrs, trabajando las partes altas y oxidadas del sistema de vetas, que evidencian la presencia de oro. Metalogenticamente, pertenece a la franja de depsitos aurferos, alojados en rocas paleozoicas, similar que los yacimientos aurferos ubicados al Norte del Per como Poderosa, Consorcio y Marsa. VOLCAN adquiere el 80% de Minera Aurfera Toruna S.A.C. en el ao 2007, titular de 500 hectreas de derechos mineros, iniciando una etapa de exploracin avanzada con desarrollo de tneles y perforacin diamantina. Actualmente Volcan cuenta con 13,300 hectreas de derechos mineros en la franja aurfera de Huachn y Paucartambo. En Toruna se ha reconocido siete vetas de cuarzo con sulfuros, principalmente pirita aurfera, en aoramientos que varan de 350 a 1,700 m de longitud, de formas lenticulares, ensanchamientos y adelgazamientos tipo rosario, ramales y lazos cimoides. Las principales vetas exploradas son Proveedora, Abastecedora, Luciana, veta D y veta C, y presentan un ancho entre 0.3 y 3 m. La mineralizacin se distribuye en forma de clavos aurferos dentro de las vetas, con ley insitu superiores a 8 gr.Au/t. TORUNA MINE TORUNA mine is located in the district of Ulcumayo, Province and Department of Junn at an altitude of 4,200 m. From Huachn to Paucartambo there are several informal auriferous mining operations which have been obtaining benets from such activities for several decades, working in the highly oxidized vein systems, in which there is evidence of gold. From a metallogenic point of view it belongs to the fringe of auriferous deposits located within Paleozoic rocks that bear similarity with those located to the North of Peru such as Poderosa, Consorcio and Marsa. VOLCAN acquired 80% of Minera Aurfera Toruna S.A.C. in 2007. It is titleholder of 500 hectares of mining rights and has started an advanced exploration stage with the development of galleries and diamond-drilling. Currently, Volcan has claimed 13,300 hectares of mining rights along the auriferous fringe of Huachn and Paucartambo. In Toruna, seven veins of quartz with sulphides are known, mainly auriferous pyrite, in surface outcrops that vary from 350 to 1,700 m. in length, in the form of lenses, with swelling and pinching (rosary-type), branching and sigmoidal formations. The main explored veins are: Proveedora, Abastecedora, Luciana, vein D and vein C, which show variable widths between 0.30 and 3.0 meters. The mineralization is distributed in the way of auriferous ore shoots within the veins, with insitu grades up to 8 gr. Au/t. Vetas Toruna, seccin transversal | Toruna veins, cross section. 52 | COMPAIA MINERA S.A.A. Se han identicado 3 zonas por su mineralizacin: xidos con ley promedio de 8.5g.Au/t y 4oz.Ag/t, sulfuros con ley promedio de 9g.Au/t y sulfuros diseminados (lazo cimoide) con ley promedio de 3.5g.Au/t. De acuerdo a la distribucin de las vetas, se ha diseado un programa de desarrollos de cruceros para interceptar las vetas, galeras y chimeneas a lo largo de las vetas y estocadas de reconocimiento. A la fecha se ha desarrollado 6.2 km de laboreo minero en 8 niveles de exploracin y preparacin. Adicionalmente se ha practicado 8,500 m de perforacin diamantina en profundidad que evidencian un aumento en la ley de oro. El desarrollo de Toruna est considerado en 2 etapas, la primera de extraccin y tratamiento de mineral oxidado del sector sur, y la segunda de explotacin, extraccin y tratamiento de mineral de sulfuros. Se estn realizando pruebas metalrgicas a nivel piloto para la viabilidad del proyecto. Asimismo se est elaborando el expediente para la obtencin de permisos necesarios para la instalacin de una Planta de Tratamiento. En los alrededores de Toruna existen varias concesiones mineras a favor de Volcan que estn siendo exploradas con gran inters, colindantes al proyecto as como otras distribuidas en el corredor aurfero Huachn Paucartambo. Con los datos de perforacin diamantina y laboreo subterrneo se ha estimado un potencial minero en el orden de un milln de onzas de oro. Three mineralization zones have been identied: oxides with an average grade of 8.5g.Au/t and 4 oz.Ag/t, sulphides with an average grade of 9g.Au/t. and disseminated sulphides (sigmoid formation) with an average grade of 3.5g.Au/t. According to the distribution of veins, a development program of crosscuts to intersect the veins was designed, galleries and raises along the veins and exploration drifts. To date 6.2 Km. of mine workings have been developed on 8 exploration and preparation levels. In addition, 8,500 m. of diamond-drilling was carried out to test the structures, which indicates an increase in the gold grade with depth. The development of Toruna is considered in 2 stages: the rst one for the extraction and processing of oxidized minerals in the Southern sector and, the second one for the exploitation, extraction and processing of sulphide ores. Metallurgical tests are being carried out to test the feasibility of the project. Likewise, the process of preparing the way to obtain the necessary permits to install a processing plant. Surrounding Toruna there are a number of mining concessions claimed by Volcan, which are being explored with a great interest, close to the project and distributed along the Huachn Paucartambo auriferous corridor. With the diamond-drilling and underground data a mining potential of around one million ounces of gold has been estimated. Mina Toruna, vetas principales | Toruna mine, main veins. Veta Proveedora Techo Veta Proveedora Piso Lazo Cimoide Veta Toruna Abastecedora Veta | 53 MINA ISLAY La mina ISLAY forma parte del distrito minero Animn-Huarn, se ubica en el anco oriental de los Andes Peruanos, distrito de Huayllay, provincia de Pasco, departamento de Cerro de Pasco, 5 km al oeste de nuestra operacin Animn, sobre los 4,600 metros de altura. Fue operada en varios periodos entre los aos 40s y 1998, a pequea escala, por la familia Espritu. ISLAY pertenece a Compaa Minera Huarn quien mantiene un contrato de cesin por explotacin, a favor de Empresa Administradora Chungar, subsidiaria de VOLCAN, por el periodo de 10 aos, con vencimiento en el 2014, renovables. La mineralizacin en ISLAY es del tipo relleno de sura de naturaleza brechosa, principalmente argentfera con ocurrencia subordinada de plomo y zinc, en asociacin con calcita, rodocrosita, slice y rodonita. VOLCAN dise dos programas de perforacin diamantina, el primero de 23 taladros con un total de 3,100 m, y el segundo con 4,500 m. Ambos programas conrmaron la presencia de la veta con ancho de 5 m y ley promedio de 5.7 oz.Ag/t. En el ao 2008 se desarroll la construccin de accesos, talleres, ocinas, polvorn auxiliar y cancha de acopio de mineral y desmonte, as como infraestructura y servicios en interior mina. El mineral producido por la mina ISLAY es tratado en nuestra Planta Animn. De los trabajos de laboreo subterrneo se conrman las leyes reportadas de los taladros, pero adems se han encontrado zonas donde las leyes de plata aumentan hasta 15 oz.Ag/t. Con todos los trabajos realizados se ha calculado reservas de 256 mil toneladas de mineral con leyes de 0.6% Pb, 1% Zn y 8 oz.Ag/t, y recursos mas de 300 mil toneladas. La mina se explotar por Corte y Relleno Ascendente Mecanizado, el desarrollo y profundizacin de la mina es a travs de la Rampa Islay de seccin 4.5x4m. ISLAY MINE Islay mine is part of the mining district of Animn-Huarn, located in the eastern margin of the Peruvian Highlands, district of Huayllay, Province of Pasco, Department of Cerro de Pasco, 5 Km West of the Animn operations at an altitude of 4,600 meters. Islay mine was operated on a small scale by the Espiritu family during various periods between the 1940s and 1998. ISLAY belongs to Compaa Minera Huarn, which holds an exploitation assignment agreement in favour of Empresa Administradora Chungar, VOLCANs subsidiary. The agreement has a term of 10 years that ends in 2014 but could be periodically extended. The mineralization in ISLAY comprises a breccia-type ssure ll, mainly with silver mineralization, with subordinated lead and zinc, in associated with calcite, rhodocrosite, silica and rhodonite. VOLCAN designed two diamond-drilling programs, the rst one of 23 drillholes totaling 3,100 m. and the second one, 4,500 m. Both programs conrmed the existence of the vein with a width of 5 m. and an average grade of 5.7 oz.Ag/t. In 2008, development started with the construction of accesses, workshops, ofces, an auxiliary explosives magazine and, a stockpile of mineral and waste, as well as infrastructure and services inside the mine. The mineral producel by the ISLAY mine is processed in our Animn plant. The underground workings have not only conrmed the reported drillhole grades, but have as well encountered areas where the silver grades increase up to 15 oz.Ag/t. With all of the works completed to date, reserves of 256 thousand tonnes with grades of 0.6% Pb, 1% Zn and 8 oz. Ag/t and resources of more than 300 thousand tonnes have been estimated. The mine is being worked with Mechanized Ascendant Cut-and-ll, and the development and deepening of the mine with the Rampa Islay with a section of 4.5m x 4m 54 | COMPAIA MINERA S.A.A. SHALCA Est ubicada en el distrito de Vichaycocha, provincia de Huaral, departamento de Lima. Tiene una concesin (Claudia 1) de 1,000 hectreas. En los alrededores se explora regionalmente 9,360 hectreas adicionales, tituladas a favor de Compaa Minera Vichaycocha subsidiaria de VOLCAN. La veta Infalible se aloja en un intrusivo subvolcnico andestico emplazado en el eje de un anticlinal de rumbo andino, y que es la prolongacin al Norte de la veta de Santa Rosa. La mineralizacin es polimetlica (zinc, plomo y plata), la ley de zinc es alta, promedio 15%, existiendo puntualmente leyes superiores a 30% de zinc. En el 2008 VOLCAN ha iniciado trabajos de exploracin y de preparacin de la mina, por lo que se han rehabilitado 4 niveles subterrneos antiguos donde se ha reconocido la estructura y se est programando realizar nuevos desarrollos de labores subterrneas para explorar la continuidad de la veta tanto en longitud como en profundidad. Con la rehabilitacin de labores y toma de muestras sistemticas, se ha cubicado reservas de 34 mil toneladas con 2.2% Pb, 15%Zn y 3.5oz. Ag/t y ms de 100 mil toneladas de mineral de recursos. Shalca ms la mina Santa Rosa, integradas, podran sostener una operacin minera con altas leyes en zinc y podran sumar inicialmente un recurso posiblemente superior al milln de toneladas. Mina Shalca, vista de la veta Infalible | Shalca mine, view from the Infalible vein SHALCA located in the district of Vichaycocha, Province of Huaral, Department of Lima. It has one concession (Claudia 1) of 1,000 hectares. In the surrounding areas 9,360 of additional hectares are being regionally explored in favour of Compaa Minera Vichaycocha, VOLCANs subsidiary. The Infallible vein is hosted within an andesitic sub- volcanic intrusive located within the axis of an anticline with an Andean strike and extending North of the Santa Rosa vein. The mineralization is polymetallic (zinc, lead and silver), the zinc grade is high, averaging 15%, with occasional grades in excess of 30% of zinc. In 2008 VOLCAN started exploration and mining preparation works, rehabilitating 4 old underground levels, where the structure was identied and, is now being programmed to carry out new underground development galleries to explore the continuity of the vein in length and depth as well. Rehabilitation works and systematic sampling have estimated 34 thousand tonnes of reserves with 2.2% Pb, 15% Zn and 3.5 oz.Agt and over 100 thousand tonnes of mineral resources. Shalca and Santa Rosa are integrated; therefore, they could support mining operations with high grades in zinc and add an initial resource that possibly exceeds a million tonnes.