LA SAUCHA PROJECT

Vulcanogenic Massive Sulphide (Cu-Au-Ag)

LAS LOMAS PIURA
PERU
SOUTH AMERICA
2009

LA SAUCHA LOCATION & MINING RIGHTS

Ocean
Pacific

1000 has Campanita 1 claim

AGUAS
AGUAS
AGUAS
VERDES
VERDES
AGUAS
AGUAS
AGUAS VERDES
VERDES
VERDES
VERDES

CALETA
CALETA
CALETA
LA
LA CRUZ
CRUZ
CRUZ

CALETA
LA
CRUZ
CALETA
LA
LA
CRUZ

N
old polymetalic mine

TUMBES
TUMBES
CANAVERAL
CANAVERAL
CANAVERAL
CANAVERAL
CANAVERAL

MANCORA
MANCORA
MANCORA
MANCORA
MANCORA

EL
EL
EL ALTO
ALTO
ALTO
EL
ALTO
EL
ALTO
LOBITOS
LOBITOS
LOBITOS
LOBITOS
LOBITOS
LOBITOS
TALARA
TALARA
TALARA
TALARA
TALARA

Ecuador
LANCONES
LANCONES
LANCONES
LANCONES
LANCONES
LANCONES

SUYO
SUYO
SUYO
SUYO
SUYO
SICCHEZ
SICCHEZ
SICCHEZ
SICCHEZ
SICCHEZ

9490000 N

LAS
LAS
LAS
LOMAS
LOMAS
LAS LOMAS
LOMAS
LAS
LAS
LOMAS
LOMAS

QUERECOTILLO

QUERECOTILLO
QUERECOTILLO
QUERECOTILLO
QUERECOTILLO

AMOTAPE

AMOTAPE

AMOTAPE
AMOTAPE

AMOTAPE

PAITA
PAITA
PAITA
PAITA
PAITA

SAPILLICA
SAPILLICA
SAPILLICA

SAPILLICA
SAPILLICA
FRIAS
FRIAS
FRIAS
FRIAS
FRIAS

PACAIPAMPA
PACAIPAMPA
PACAIPAMPA
PACAIPAMPA
PACAIPAMPA

S
S
SAPALACHE
SAPALACHE
S
S
S
SAPALACHE
SAPALACHE
SAPALACHE

LA
LA MATANZA
MATANZA
MATANZA
LA
MATANZA
LA
MATANZA
PIURA
PIURALA

LA
LA
LA UNION
UNION
UNION

LA
UNION
LA
UNION

SECHURA
SECHURA
SECHURA
SECHURA
SECHURA

Per

NAM
NAM
NAM
NAM
NAM

DE
SAN
SAN JUAN
JUAN
JUAN
DE
DEBIGOTE
BIGOTE
BIGOTE

SAN

600000 E

HUARMACA
HUARMACA
HUARMACA
HUARMACA
HUARMACA
HUARMACA

Ana Lucia 2, 400 has Concession

SAN
SAN FELIP
FELIP
SAN
FELIP
SAN
SAN
FELIP
FELIP

OLMOS
OLMOS
OLMOS

POMAHU
POMAHU
POMAHU
POMAHU
POMAHU
POMAHU

Tambogrande: Giant VMS Cluster

La Saucha VMS

PROJECT SUMMARY (1)

La Saucha project is located in Piura Region of NW Per at 550 m.a.s.l. It lies 45 Km

NE of World Class Tambogrande Massive Sulfide Deposit. The central claim
coordinates are: East: 601000; North: 9491000, zone: 17S, PSAD 56. IGN Map: 10C Las Lomas (1:100,000).

Accessibility is very good. Starting from Piura city by the northern Panamericana
highway towards Puente Internacional (Macar) at km 160 after Guineo Control, take
the bend to Ayabaca. Then after ten minutes driving, you find La Saucha village,
where taking your right you follow La Saucha creek dirty road for ten more minutes.

Mining property is 100% controlled by Quippu Exploraciones SAC, the first, private,
junior mining exploration company in Per. It consists of 400 has in Ana Lucia 2 claim
and 1000 has in Campanita 1 claim.

The project area is nearby an active, small scale gold vein mining district near Las
Lomas town.

PROJECT SUMMARY (2)

La Saucha prospect is a Volcanogenic Massive Sulphide (VMS) deposit located in

Lancones volcano-sedimentary basin, which is an important host for these kind of
deposits like Tambogrande VMS Cluster hosting more than 300 Million Tons Ore.

The average of the sampling surface is 1 g/t Au, 1 Onz/t Ag y 0.5 % Cu

La Saucha prospect massive sulfide potential is 10 Million Tons of Au-Cu-Ag-Zn-Pb

ore. It has an additional outcropping cyanide leach able oxide gold potential of 35,000
oz Au with 1 g/t Au average grade ideal for a low cost, low capital high profitable
mining operation.

No modern systematic exploration, neither drilling has been carried out in the
prospect. Detailed mapping and geochem sampling, ground geophysics and drilling
is required to properly explore the project.

TAMBOGRANDE FOR REFERENCE: GIANT VMS CLUSTER

VIEW TO THE SOUTH

TG3

TG1

B5

gossan

TG1 = 64 MT @ 1.6% Cu, 1.1% Zn, 0.6 g/t Au y 28 g/t Ag.

TG1 + TG3 + B5 Deposits = more than 300 MT Ore

300 m

TAMBOGRANDE: > 1 MILLION Oz GOLD DEPOSIT IN THE

VMS GOSSAN

barite
TG1 Oxide Gold Deposit
5 cm

TG1 Oxide Gold Deposit was discovered in 1998 by Manhattan

with free Gold associated to Barite:
8 MT @ 5.2 g/t Au; 48 g/t Ag equivalent to
1.3 million oz Gold and 12 million oz Silver
6

La Saucha Q-Ex Properties

N

CAMPANITA 1 CLAIM
1000 HAS

3
1

02
6
5
9
0
5
3 8
1

8 8
2

2
1
4
5
1

5
1

7
1
6
2

1
6

6
3
1
1

2
5

11

1
1
1

0 9

6
3

0
0

ANA LUCIA 2 CLAIM

400 HAS
2 Km
7

LA SAUCHA GEOLOGY POINTS

N
El Potro Anomaly

Qz-gossan Bx
13

Qz veins

60 2
95
50

138
288

12
4
15

15

17
26

1
6

3
1
1

2
5

Gossan, exalite
Andesite flow
barite

Aglomerate with
Gossan fragments

Jahuay Anomaly
11

1
1
1

0 9

6
3

gossan
0
0

exalite

1 Km
8

LA SAUCHA SUMARY GOLD RESULTS

N
El Potro Anomaly
2m@2.25 g/T Au

2m@4.01 g/T Au
13

60 2
95
50

138
288

12
4
15

15

17
26

1
6

3
1
1

2
5

30m @ 0.7 g/T Au

2m@0.1 g/T Au, 0.13% Pb

11

1
1
1

0 9

6
3

0
0

Jahuay Anomaly

1 Km
9

LA SAUCHA SUMARY SILVER RESULTS

N
El Potro Anomaly

2m @ 20 oz/T Ag
13

60 2
95
50

138
288

12
4
15

15

17
26

1
6

3
1
1

2
5

5m @ 11 g/T Ag
2m @ 9 oz/T Ag

5m@9 g/T Ag

11

1
1
1

0 9

6
3

Jahuay Anomaly

1 Km

10

LA SAUCHA SUMARY BARIUM RESULTS

N

Gossan float > 1% Ba

low Ba

El Potro Anomaly

13

60 2
95
50

138
288

12
4
15

15

17
26

1
6

3
1
1

2
5

increasing
Ba in rock

2300 ppm Ba
11

1
1
1

0 9

6
3

Jahuay Anomaly

4429 ppm Ba

1 Km

0
0

11

LA SAUCHA GEOCHEMISTRY

12

LA SAUCHA GEOCHEMISTRY

13

LA SAUCHA GEOCHEMISTRY

14

LA SAUCHA GEOCHEMISTRY

15

LA SAUCHA GEOCHEMISTRY

16

LA SAUCHA NEW Au ROCK GEOCHEM

17

LA SAUCHA NEW Ag ROCK GEOCHEM

18

LA SAUCHA NEW Cu ROCK GEOCHEM

19

LA SAUCHA GOSSAN

2.14 g/t Au
0.5 oz/t Ag
1.58% Cu
4.01 g/t Au
0.3 oz/t Ag
8.95% Cu
20

LA SAUCHA GOSSAN

2.25 g/t Au
9-20 oz/t Ag
0.19 % Cu
21

LA SAUCHA GOSSAN

VMS GOSSAN: 0.702 g/t Au; 25.8 g/t Ag; 0.68 % Cu

22

LA SAUCHA GOSSAN

Qz + Sulfides Boxwork

VMS GOSSAN: 0.735 g/t Au; 138. 0 g/t Ag; 0.26 % Cu

23

Qz

Qz
QUARTZ VEINS AROUND GOSSAN AREA
24

El Potro Anomaly Area

Trench: 30 m @ 0.7 g/t Au, oxide

25

LA SAUCHA MODEL El Potro Anomaly

View to the NE
SE

NW
Geophysic Survey (Gravimetry & IP)
Leach able oxide gold potential: 35,000 oz Au
Au, Ag & Cu Anomaly
Gossan

Ma
ss
ive

Dacitic Dome

Andesite

Surface with Quaternary Cover

Su
l fi d
e

Aglomerate, andesite

Qz Veins

Massive sulfide ore body potential: 5 Million Ton of Au-Cu-Ag-Pb-Zn ore

100 m

26

LA SAUCHA GEOLOGY HIGHLIGHTS (1)

The host rock of the mineralization in La Saucha Project is Ereo Formation,

considered a regional VMS host in Northern Peru. The huge Tambogrande VMS
orebodies (TG1, TG3 & B5) are hosted in Ereo Formation.

The project area is fully covered with soil and vegetation, but inside creeks and at the
top of small hills, it is possible to see volcanic agglomerates, andesite-dacite
flows/dome exalites, quartz veins and gossan outcrops

La Saucha Prospect shows evidences to be the top of a Volcanogenic Massive

Sulphide Deposit (VMS) with Au-Ag-Cu-Zn-Pb mineralization in two anomalous zones
named El Potro and Jahuay. Geochemical sampling at El Potro anomaly indicates
elevated gold (up to 4 g/t Au), silver (up to 20 oz/T Ag), copper (up to 8.9% Cu),
zinc (up to 0.41%) and lead (up to 0.82%). Barium content is relatively low indicating
the proximity of the massive sulfide orebody. At Jahuay, Au-Ag-Cu-Pb-Zn anomalies
are comparatively lower, but Ba is > 1% in Barite veins in gossan indicating the top of
the massive sulfide system.

The preliminary potential for economic mineralization is given mainly in El Potro

anomaly. The outcropping dimensions of El Potro gossan (100% oxides) are 100 x 50
m. The rest of the area is heavily soil covered, but it is estimated that it can reach at
least 100 x 200 m with surface pitting and trenching with an estimated vertical
extension of 100 m, yielding a 5 Million Ton orebody. A similar situation can be
considered for Jahuay anomaly where economic grades would be buried no far from
surface. Estimated grades should be similar to the geochemistry table above.
27

LA SAUCHA GEOLOGY HIGHLIGHTS (2)

There is an additional good potencial for cyanide leach able oxide gold mineralization
over the same 100x200 area with an estimated 25 m vertical extend, yielding a 35000
oz Au resource at 1g/t Au grade. Both El Potro and Jahuay anomalies would then
host a 70,000 oz resource. Preliminary cyanide leach studies show average
recoveries of more than 75%. A small mining operation would be highly profitable with
a very low capital & operation costs (no strip, short transport distances, good
infrastructure).

Further exploration work will require detailed mapping, trenching and sampling and
later geophysical (magnetics and IP) work in order to identify more burried massive
sulfide orebodies (which commonly presents as clusters) in order to increase the
overall potential of the project. The final surface and depth extension and ore grades
must be confirmed by a proposed 1,500 m drilling campaign.

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For further information, please contact us:

Quippu Exploraciones SAC

Cl. Bolognesi 118
Santiago de Surco (L 33)
Lima - Per
Tel.: (51 1) 435 0657
Web Site:

www.quippuexploraciones.com

Daniel Escobar Belevn

General Manager
descobar@quippuexploraciones.com
Cel.: (51 1) 999 622 475 / 992 747 346

Werner Warscheid

Director Manager

wwarscheid@quippuexploraciones.com
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