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Tepal Project

Tepal Project
Location: The Tepal Project is located in Michoacan State, Mexico. The project is 70 kilometres west of Apatzigán and 170 kilometres south of Guadalajara, one of the largest cities in Mexico.
Deposit Type: Copper-gold porphyry with silver and molybdenum values.
Communities: The town of Tepalcatepec in 15.5 kilometers from the property.
Infrastructure: Access and infrastructure are excellent, with paved roads, deep sea port access, and low topographical relief.
Properties: The Tepal Project is comprised of five concessions totalling approximately 1,400 hectares (138 square kilometres).
Ownership: ValOro has acquired a 100% interest in the Tepal Property by way of an Option to Purchase Agreement with Arian Silver Corp.
Royalties: 2.5% NSR payable to Minera Tepal S.A. de C.V. ValOro has a Right of First Refusal on the purchase of the NSR.