Iberian recently announced results of deep underground drilling on a portion of the Mine known as the Karina Vein which indicated a high-grade zone extending to depth. The contribution of veins, with their generally higher grade mineralization, is important as a head grade regulator.

Results of a diamond drill campaign have confirmed continuity up to 265 meters below sea level, or 90 meters below Level -175, and are summarized in the following table:

Hole ID	From (m)	To (m)	Length of Intercept (m)	True width (m)	Cu (%)	Azimuth	Dip (degrees)	Depth (m*)	Lithology
UDH-3836	78.45	83.30	4.85	3.70	13.27	N174°	-29	-210	Vein
UDH-3850	114.85	118.75	3.90	2.10	7.63	N170°	-54	-265	Vein
UDH-3858	129.40	137.85	8.40	4.90	2.33	N154°	-30	-225	Vein
UDH-3863	38.48	43.18	4.70	3.70	6.63	N40°	-41	-205	Vein
UDH-3865	36.30	41.65	5.35	4.00	6.50	N64°	-29	-190	Vein
UDH-3870	35.12	41.96	6.84	3.40	3.79	N30°	-24	-185	Vein
UDH-3871	30.60	47.75	8.62	5.90	4.16	N03°	-33	-195	Vein
UDH-3878	73.15	78.10	4.95	4.50	2.19	N04°	-23	-210	Vein
UDH-3885	83.95	87.90	3.95	3.30	1.24	N346°	-20	-210	Vein
(*) Referenced to sea level

The onsite supervision of the diamond drill program was done by Carlos Rodriguez, Superintendent of Geology at Condestable (since 2005) under the supervision of Mike Newbury, P.Eng. as Qualified Person. The diamond drill program produced 71 core samples of 4.0 meters long on average. The cores were cut by saw and 50% sent for assay to the secure Condestable lab onsite for analysis. The assay procedure was Atomic Absortion Spectometry (Aqua Regia Digestion).The lab undertakes batch duplicates and replicates for quality control in their analytical procedures. Check samples were sent to ALS Chemex Laboratory Group.

Karina Vein Extension

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