CUERVO RESOURCES INC.

Summary Diamond Drill Log - Bob1 Zone

Northing Easting Elevation BDH-12-06 Azimuth 90 Started

8,447,199 Dip -60 Completed
191,597 Depth 192.4 m
3,923 m
From To Interval Zone Sampled Fe Sio2 (%) S (%)
(m) (m) (m) Length (%)
(m)
- 71.3 71.3 Intrusive 2 12.4% 46.7% 0.03%
71.3 80.3 9 Magnetite 9 58.9% 8.8% 1.71%
80.3 85.45 5.15 Mixed Zone 5.15 36.3% 24.3% 2.47%
85.45 94.3 8.85 Magnetite 8.85 50.8% 14.3% 2.41%
94.3 95.6 1.3 Fault Zone - - - -
95.6 100 4.4 Intrusive 4.4 10.7% 44.6% 1.13%
100 103 3 Magnetite 3 47.3% 14.4% 6.67%
103 107.9 4.9 Intrusive 4.9 13.0% 44.3% 0.84%
107.9 119 11.1 Mixed Zone 11.1 17.7% 37.5% 4.18%
119 121.2 2.2 Fault Zone - - - -
121.2 146.6 25.4 Magnetite 25.4 54.0% 10.8% 3.25%
146.6 163.85 17.25 Mixed Zone 17.25 41.5% 20.8% 2.23%
163.85 169.6 5.75 Magnetite 5.75 49.2% 14.4% 3.39%
169.6 177.35 7.75 Mixed Zone 7.75 29.9% 30.2% 2.60%
177.35 181.9 4.55 Magnetite 4.55 39.7% 24.0% 2.89%
181.9 192.4 10.5 Intrusive 2 5.7% 49.7% 0.02%
Total 111.1 39.9% 22.1% 2.69%

Overall
Intrusive 13.3 11.1% 45.6% 0.69%
Mixed Zone 41.25 32.3% 27.5% 2.85%
Magnetite 56.55 52.3% 12.6% 3.04%
Total 111.1 39.9% 22.1% 2.69%

Magnetite+MZ 97.8 43.8% 18.9% 2.96%

Hole #: BDH12-06 Core Size HQ & NQ Spotted by:

Collar Line: Collar Dip: -60 Drilled by:
Collar Station: Collar Azi: 90 Logged by: wd,ct,jt
Collar Elev: 3,923 Final Depth: Cut by:
UTM Zone: Easting: 191,597 Northing: 8,447,199 Core Stored:
NTS: Casing (m) Casing left in hole: Yes Hole making water:
Purpose/Comments:
From To Description Sample From
(m) (m) # (m)

60.10 - 60.50 Venillas de Qz de 1-2 mm @ 70º

61.30 - 63.90 Tramo fuertemente fracturado con trazas de mag 0.5%
63.90 Parches de epid, flk, hbl, mag, fuertemente fracturado, OxFe con presencia de py diss, mag en venillas y parches 5%, m

65.1 Venillas de mag de 2mm @ 60º de espesor 2 mm

65.40 - 71.30 Tramo fuertemente fracturado, con micro venillas de mag y OxFe 11660
en fracturas 69.3
 65.40 - 71.30 Tramo fuertemente fracturado, con micro venillas de mag y OxFe en fracturas
11661 71.3
65.40 - 71.30 Tramo fuertemente fracturado con OxFe en fracturas
68.9 Plano de estrias @40º pitch @40º
71.3 80.3 Magnetita
71.30 - 73.60 Mag de gr medio - grueso 40% con ligeros bandeamientos de trm11662
@30°, Ox Fe 71.8
< 0.5%. Tramo fuertemente frac

73.60 - 76.40 Mag de gr medio 60% fuertemente oxidada (Hem, lim, 11663 73.8
15%), py 1% y trazas de gohetita.Tramo fuertemenete fracturado 11664 75.8
76.40 - 80.30 Mag de gr medio-grueso 60% con ligero bandeamiento
@30°de trm, chl con parches de py 4% cristalizada. Tramo fuertemente 11665 77.8
fracturado OxFe < 1% 11666 79
76.45 Plano de estrias @65º, pitch 10°-13º ?,
77.25 Venilla de trm con halos de chl de espesor 1.5 cm @ 60º
78.50 Plano de estrias @70º, pitch 15-17º ?
80.3 85.45 Zona mixta ( minerales calcosilicatados y magnetita).
80.30 - 82.25 Mag mass de gr medio-grueso 50%, con relictos de intrusivo, py 2%
11667
en parches80.3
cristalizada y diss,chl y trm ?, O

81.75 Plano de estrias @ 45° - 50º ?, pitch 5º

82.25 - 82.50 Intrusivo Intermedio con presencia de OxFe. 11668 82.3
82.50 - 84.25 Tramo similar a 80.30 - 82.25
84.25 - 85.45 Intrusivo intermedio con diss de mag 1% 11669 84.3
85.45 94.3 Magnetita
85.45 - 85.80 Mag masiva gr medio - gueso 70% con py 5% 11670 85.45
cristalizada en parches. 11671 87.45
85.80 - 92.15 Mag mass 60% de gr medio - grueso localmente cristalizada con11672
py 2%. cristalizada
89.45 en parches, OxFe en fractu
11673 91.45
92.15 Contacto, @50º 11674 92.8
92.15 - 94.30 Intrusivo intermedio con py cristalizada en fracturas. 11675 92.8
92.80 Venilla de carb con halos de OxFe @ 40º. 11676
94.3 95.6 Tramo no recuperado, posible falla ?
95.6 100 Intrusivo Intermedio
95.60 - 100.00 Intrusivo intermedio con presencia de micro venillas de mag 3%11677
con py 2% cristalizada
95.6 en fracturas y parches p
11678 97.6
11679 98.8
11680
100 103 Magnetita
100.00 - 103.00 Mag mass de gr medio 45% con relictos de intrusivo 11681 100
From To Description Sample From
(m) (m) # (m)

con py 1% cristalizada localmente y trazas de bio² en fracturas. OxFe en fracturas.

11682 101.5

103 107.9 Intrusivo

103.00 - 107.90 Intrusivo intermedio con venillas puntuales de mag y 11683 103
py de 1-2 mm @40°- 60°, bio² en fracturas y micro venillas de carb de 1- 11684 105
2mm. 11685 106.4
104.3 Venilla de mag de gr medio con py y hem de 6mm, @80°
106.90 - 107.90 Tramo fuertemente fracturado con bio².
107.9 119 Zona Mixta (intrusivo y magnetita)
107.90 - 112.40 Intrusivo con ligero bandeamiento @60° de mag 30% y trm 11686 107.9
con py 5% y parches cristalizada en fracturas y mass, bio², trazas 11687 109.9
de epid en fractura. 11688 111.9
109.65 Plano de estrias @65° pitch 5°. 11689 113.9
112.40 - 119.00 Intrusivo con venillas locales de mag, bio, py, venillas de carb. Mag
116908%, bio 1-2%,
115.9carbonatos menor de 1%.
11691 117.4
112.95 Venilla de mag con py de 2-8mm @ 35° 11692 117.4
116.10 Venila de mag de 0.5 - 2cm @40°
116.50 Venilla de carb de 1- 3mm @ 40°
119 121.2 Tramo no recuperado, posible falla ?
121.2 146.6 MAGNETITA
121.20 - 146.60 Mag mass de gr medio 65% con parches de py 3% cristalizada11693 ;trazas de cpy
121.2
0.1%. Con ligeros bandeamien
11694 123.2
11695 125.2
 121.20 - 146.60 Mag mass de gr medio 65% con parches de py 3% cristalizada ;trazas de cpy 0.1%. Con ligeros bandeamien

11696 127.2
122.55 Venilla de calc cristalizada de 5mm @45° 11697 129.2
127.20 - 127.50 Tramo fuertemente fracturado con OxFe y py cristalizada. 11698 131.2
11699 133.2
128.80 - 129.40 Tramo fuertemente fracturada. 11700 135.2
132.10 Plano de estrias @50°, pitch 27° 11701 137.2
136.40 Venilla de py cristallizada de 1.5mm @45° 11702 139.2
136.80 - 137.30 Tramo fuertemente fracturado 11703 141.2
141.60 Venilla de calcosilicatos con py en parches,mag y cpy en trazas.espesor
11704
10mm @65°143.2
11705 145.2
143.90 Plano de estrias @47°,pitch 40°
146.6 163.85 Zona mixta (mag con minerales calcosilicatados )
146.60 - 163.85 Bandeamiento @45°de Mag mass de gr medio 45% y mnls 11706 146.6
calcosilicatos con parches de chl y py 3% en parches,carb 1%, OxFe en 11707 148.6
fracturas <1% y trazas de cpy en parches. 11708 150.6
11709 152.6
149.50 Ligero bandeamiento de Flk con mnls calcosilicatados 11710 154.6
@50°,mag de gr medio y py en parches espesor 30 cm. 11711 156.6
149.65 Venilla de silice de 2cm @50° 11712 158.6
151.25 Similar al tramo 149.50 11713 160.6
158.10 Mag cristalizada con py y chl en fractura @45° 11714 162.6
161.10 - 161.50 Tramo moderadamente fracturado con tintes de OxFe
161.60 Venillas de calc cristalizada de 5mm @40°
From To Description Sample From
(m) (m) # (m)

163.35 Venilla de carb con halos de OxFe de 2-20mm paralelo al eje de perforacion.

163.85 169.6 Magnetita

163.85 - 169.6 Mag masiva de gr medio 60% con ligeros bandeamientos de 11715 163.85
sulfuros @40° locales de py 2%,con microvenillas de calc Oxi Fe en fractura. 11716 165.85
11717 167.85
11718 167.85
169.6 177.35 Zona mixta (mag con minerales calcosilicatados )
169.60 - 177.35 Mag de gr medio 40% con ligeros bandeamientos 11719
@45° de trm y parches redondeados (diametro 5-10mm),py 3% en parches. 11720 169.6
11721
172.15 Venilla de mag de gr medio con py de 2-3mm,@55° 11722 171.6
172.15 Venilla de silice con py en parches de 1-3mm,@35° 11723 173.6
173.90 Venilla de silice con py en parches de 3mm @50° 11724 175.6
174.80 - 175.40 Moderadamente fracturado con OxFe en fracturas.
177.35 181.9 MAGNETITA
177.35 - 181.90 Mag mass 49% moderadamente fracturado con presencia de11725 OxFe y py 3%177.35
en parches.
11726 178.6
11727 179.9
181.9 192.4 INTRUSIVO
181.90 - 192.40 Intrusivo intermedio con una silicif moderada con venillas de epid
11728
localmente,181.9
tx brechada con clasto sub ang

Tramo.187.40 - 188.40 Tramo fuertemente fracturado

ed 21-Jul-2012
12-Aug-2012

S (%) P (%) Mn Cu
(%) (%)

0.03% 0.022% 0.144% 0.020%

1.71% 0.008% 0.115% 0.087%
2.47% 0.006% 0.287% 0.091%
2.41% 0.003% 0.218% 0.095%
- - - -
1.13% 0.022% 0.222% 0.020%
6.67% 0.004% 0.123% 0.174%
0.84% 0.025% 0.183% 0.050%
4.18% 0.027% 0.144% 0.166%
- - - -
3.25% 0.155% 0.164% 0.092%
2.23% 0.112% 0.204% 0.060%
3.39% 0.122% 0.181% 0.111%
2.60% 0.080% 0.106% 0.106%
2.89% 0.101% 0.137% 0.129%
0.02% 1.425% 0.124% 0.006%
2.69% 0.101% 0.171% 0.092%

0.69% 0.234% 0.181% 0.029%

2.85% 0.070% 0.180% 0.101%
3.04% 0.092% 0.162% 0.101%
2.69% 0.101% 0.171% 0.092%

2.96% 0.083% 0.170% 0.101%

Page 1 of 4
Started: 21-Jul-2012 Finished: 12-Aug-2012
t,jt Started: Finished:
Started: Finished:
Stored: Core Labeled:
making water:

To Len Comments Fe SiO2 S P (%) Mn Cu

(m) (m) (%) (%) (%) ME-XRF21 (%) (%)
ME-XRF21u ME-XRF21 S-IR08 ME-XRF21u ME-XRF21u

71.3 2 12.41% 46.7% 0.03% 0.022% 0.144% 0.020%

71.8 0.5 HQ 52.72% 14.2% 0.01% 0.003% 0.120% 0.009%

73.8 2 NQ 57.32% 11.4% 0.03% 0.009% 0.136% 0.042%

75.8 2 62.84% 5.2% 0.14% 0.022% 0.104% 0.114%

77.8 2 59.90% 7.4% 3.84% 0.003% 0.121% 0.123%

79 1.2 58.36% 9.2% 2.27% 0.002% 0.102% 0.075%

80.3 1.3 56.48% 10.0% 3.55% 0.002% 0.098% 0.100%

82.3 2 41.18% 21.1% 2.32% 0.003% 0.228% 0.075%

84.3 2 42.34% 19.5% 3.35% 0.009% 0.235% 0.140%

85.45 1.2 17.39% 38.3% 1.21% 0.004% 0.482% 0.034%

87.45 2 55.74% 10.2% 3.01% 0.002% 0.155% 0.128%

89.45 2 50.58% 15.4% 1.46% 0.002% 0.248% 0.070%
91.45 2 59.14% 8.4% 2.92% 0.001% 0.110% 0.108%
92.8 1.3 42.75% 19.9% 2.47% 0.006% 0.230% 0.097%
94.3 1.5 Duplicate 40.36% 21.1% 2.16% 0.008% 0.398% 0.066%
94.3 Duplicate 43.22% 18.2% 2.36% 0.010% 0.324% 0.158%
Standard na na na na na na

97.6 2 8.03% 48.5% 0.15% 0.021% 0.235% 0.007%

98.8 1.2 6.61% 47.4% 0.24% 0.036% 0.221% 0.014%
100 1.2 19.17% 35.4% 3.67% 0.009% 0.203% 0.046%
Standard na na na na na na

101.5 1.5 44.25% 15.1% 10.70% 0.005% 0.118% 0.259%

To Len Comments Fe SiO2 S P (%) Mn Cu
(m) (m) (%) (%) (%) ME-XRF21 (%) (%)
ME-XRF21u ME-XRF21 S-IR08 ME-XRF21u ME-XRF21u

103 1.5 50.34% 13.8% 2.64% 0.002% 0.128% 0.088%

105 2 15.90% 41.3% 0.96% 0.027% 0.194% 0.050%

106.4 1.4 10.42% 46.5% 1.35% 0.028% 0.164% 0.058%
107.9 1.5 11.66% 46.3% 0.21% 0.020% 0.186% 0.041%

109.9 2 23.29% 31.3% 5.26% 0.026% 0.136% 0.202%

111.9 2 28.08% 27.0% 10.20% 0.058% 0.106% 0.412%
113.9 2 12.17% 43.5% 2.95% 0.038% 0.140% 0.130%
115.9 2 17.52% 38.4% 3.74% 0.013% 0.142% 0.132%
117.4 1.5 14.82% 41.0% 0.97% 0.014% 0.155% 0.050%
119 1.6 Duplicate 7.74% 46.3% 0.38% 0.003% 0.198% 0.008%
119 Duplicate 7.23% 46.8% 0.18% 0.003% 0.208% 0.011%

123.2 2 50.98% 14.5% 2.28% 0.016% 0.130% 0.071%

125.2 2 55.00% 11.5% 3.14% 0.089% 0.136% 0.080%
127.2 2 60.24% 5.8% 5.01% 0.164% 0.137% 0.138%
129.2 2 58.12% 5.6% 4.85% 0.197% 0.156% 0.179%
131.2 2 55.65% 9.9% 3.16% 0.154% 0.161% 0.080%
133.2 2 55.26% 9.9% 3.45% 0.117% 0.106% 0.123%
135.2 2 57.37% 8.6% 2.20% 0.188% 0.145% 0.067%
137.2 2 47.23% 15.5% 2.33% 0.090% 0.225% 0.060%
139.2 2 42.66% 20.0% 2.27% 0.132% 0.238% 0.066%
141.2 2 54.26% 10.7% 3.27% 0.216% 0.174% 0.094%
143.2 2 55.98% 8.9% 3.65% 0.244% 0.168% 0.070%
145.2 2 55.70% 8.9% 3.97% 0.248% 0.166% 0.089%
146.6 1.4 53.15% 10.9% 2.40% 0.163% 0.202% 0.067%

148.6 2 47.55% 15.9% 2.59% 0.124% 0.242% 0.061%

150.6 2 33.03% 26.5% 2.13% 0.104% 0.247% 0.039%
152.6 2 47.00% 16.7% 1.53% 0.100% 0.249% 0.035%
154.6 2 44.02% 19.1% 3.41% 0.142% 0.194% 0.081%
156.6 2 44.63% 17.9% 1.86% 0.112% 0.188% 0.050%
158.6 2 50.22% 14.0% 2.52% 0.102% 0.147% 0.069%
160.6 2 26.73% 34.8% 1.24% 0.069% 0.120% 0.041%
162.6 2 38.75% 23.4% 2.76% 0.110% 0.147% 0.099%
163.85 1.3 41.99% 17.8% 1.93% 0.160% 0.360% 0.069%

To Len Comments Fe SiO2 S P (%) Mn Cu

(m) (m) (%) (%) (%) ME-XRF21 (%) (%)
ME-XRF21u ME-XRF21 S-IR08 ME-XRF21u ME-XRF21u

165.85 2 49.69% 14.4% 3.47% 0.126% 0.195% 0.108%

167.85 2 48.46% 14.4% 3.00% 0.120% 0.208% 0.100%
169.6 1.8 Duplicate 49.41% 14.3% 3.75% 0.120% 0.133% 0.128%
169.6 Duplicate 47.67% 15.1% 3.66% 0.124% 0.134% 0.116%

Standard na na na na na na
171.6 2 34.69% 25.4% 2.68% 0.072% 0.112% 0.094%
Standard na na na na na na
173.6 2 27.96% 31.4% 2.98% 0.100% 0.099% 0.120%
175.6 2 28.26% 31.6% 1.92% 0.052% 0.128% 0.091%
177.35 1.8 28.59% 32.9% 2.83% 0.097% 0.084% 0.120%

178.6 1.3 40.53% 22.9% 4.17% 0.102% 0.068% 0.166%

179.9 1.3 42.63% 21.9% 3.32% 0.122% 0.068% 0.104%
181.9 2 37.25% 26.0% 1.82% 0.087% 0.225% 0.123%

183.9 2 5.70% 49.7% 0.02% 1.425% 0.124% 0.006%