They bought 100 percent of San Francisco (already providing mill feed) in October. CEO Luna is isecuring all the properties. Works for me and the shareholders. Save us from this gold silver producer with the best leverage out there!

"In October 2012 the Company exercised its option to acquire a 100% interest of the San Francisco Property by paying US $1,500,000."  

The exploration at the Lluvia de Oro area continued with the development of face 1600. Results are inconsistent due to a parallel fault to the structure that affects it lengthwise.

C/P 22 was developed with NW and SE direction from the face 1600 SE.

At 1570 level, face 1570 SE was developed with average grades of 3.25 g/t Au and 427 g/t Ag over a width of 2m, while in the NW side grading is negligible. In the same level, C/P 1570 is being developed towards the SE and NW.

At Agua Negra area, exploration and infrastructure are developed to be positioned over the projection of the DDH NG-07-001 and NG- 07-002.

At San Mateo area, exploration over the structure started from the ramps 1590-465 SE and NW.

At Cholita area, development of the main service ramp restarted, reaching elevation 1615, to initiate another level.

1600 Level, Lluvia de Oro area, face 1600 advanced towards the SE end, in order to continue preparing it as extraction General Haulage level for this system. The development of the overall service RAMP reaches the 1575 elevation and starts the development of other level over the structure. - 5 -

1620 Level, Cholita area, the loading area NBo 2 was built on the ramp at level 1590 and the development of the second level over the structure started.