Engineering And Permitting Of The La Trinidad Project

When Exploraciones Eldorado, S.A. de C.V. finished their first phase of reverse circulation drilling at their La Trinidad property in Sinaloa, Mexico they began immediately with permitting and engineering activities. The first phase of drilling lasted four months and ended in April, 1994. The second phase of drilling ran from May through September of 1994. From May through December, 1994, Exploraciones Eldorado performed the permitting and engineering work for their La Trinidad heap leach mine. The mining permit was submitted to the regulatory agencies in February of 1995 and the first draft of the feasibility study finished one month later. The report outlines the permitting and engineering activities that took place during the second half of 1994.