Technical Report Namiquipa Silver Deposit Namiquipa, Chihuahua Mexico
Total Page:16
File Type:pdf, Size:1020Kb
TECHNICAL REPORT NAMIQUIPA SILVER DEPOSIT NAMIQUIPA, CHIHUAHUA MEXICO 29 November 2012 PREPARED FOR CERRO RESOURCES NL BY T. J. Carew M.Sc, P.Geo., Principal, Reserva International LLC B. R. Fleshman BS Geology, FAusIMM (CP Geol) Exploration Manager Cerro Resources T. A. Leahey BSc (Hons), MAusIMM (CP) of Computer Aided Geoscience Pty Ltd Namiquipa Deposit Technical Report DATE AND SIGNATURE PAGE The effective date of this Technical Report, entitled “Technical Report – Namiquipa Silver Deposit, Namiquipa, Chihuahua, Mexico” is 29 November 2012. The undersigned have prepared the Technical Report in accordance with the National Instrument 43-101F1 guidelines for Technical Reports. 29 November 2012 T J Carew, P.Geo. (APEGBC) 29 November 2012 B R Fleshman, FAusIMM (CP) 29 November 2012 T A Leahey, MAusIMM (CP) Page i Namiquipa Deposit Technical Report CERTIFICATE OF AUTHOR I, Timothy J Carew, do hereby certify that: 1. I reside at 12955 Fieldcreek Lane, Reno, NV 89511, USA 2. I am a graduate from the University of Rhodesia with a B.Sc. (Hons) Degree in Geology (1970), and of the University of London (RSM – 1982), with a M.Sc. Mineral Production Management degree, and I have practiced my profession continuously since that time. 3. I am a member of the Association of Professional Geoscientists and Engineers of British Columbia (Membership Number 19706). 4. I am a consulting geoscientist and the Principal of Reserva International LLC., a company incorporated in Nevada, USA. 5. I am a Qualified Person for the purposes of NI 43-101 with regard to a variety of mineral deposits and have knowledge and experience with Mineral Resource and Mineral Reserve estimation parameters and procedures and those involved in the preparation of technical studies.. 6. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43- 101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be a “qualified person” for the purposes of NI 43-101. 7. I was responsible for the overall compilation and review of all sections of the Technical Report entitled “Technical Report – Namiquipa Silver Deposit, Namiquipa, Chihuahua, Mexico” and dated 29 November 2012 (the “Technical Report”) by Cerro Resources NL (“Cerro”). I visited the deposit in October 2012 8. I have no personal knowledge as of the date of this certificate of any material fact or change, which is not reflected in this report. 9. Neither I, nor any affiliated entity of mine, is at present, under an agreement, arrangement or understanding or expects to become, an insider, associate, affiliated entity or employee of Cerro Resources NL or any associated or affiliated entities. 10. Neither I, nor any affiliated entity of mine own, directly or indirectly, nor expect to receive, any interest in the properties or securities of Cerro Resources NL or any associated or affiliated companies. Page ii Namiquipa Deposit Technical Report 11. Neither I, nor any affiliated entity of mine, have earned the majority of our income during the preceding three years from Cerro Resource NL or any associated or affiliated companies. 12. I have read NI 43-101 and Form 43-101F1 and have prepared this report in compliance with NI 43-101 and Form 43-101F1, and have prepared the above mentioned sections of the report in conformity with generally accepted Canadian mining industry practice. 13. I consent to the filing of this report with any stock exchange and other regulatory authority and any publication by them, including electronic publication in the public company files on their websites accessible by the public. Signed by “Timothy Carew” (Original Signed and Sealed) Timothy J. Carew, P.Geo., B.Sc., M.Sc. Dated this 29 November, 2012. Page iii Namiquipa Deposit Technical Report CONSENT OF AUTHOR Timothy Carew CONSENT OF QUALIFIED PERSON I, Timothy Carew, consent to the public filing of the technical report titled “Technical Report – Namiquipa Silver Deposit, Namiquipa, Chihuahua, Mexico” and dated 29 November 2012 (the “Technical Report”) by Cerro Resources NL (“Cerro”). I also consent to the publication by Cerro of any extracts from or a summary of the Technical Report for regulatory purposes, including electronic publication on Cerro’s website and news release. I certify that I have read the news release of Cerro dated October 24, 2012 that the Technical Report supports and that it fairly and accurately represents the information in the sections of the technical report. Dated this 29th day of November 2012. Timothy J. Carew Page iv Namiquipa Deposit Technical Report CERTIFICATE OF AUTHOR Bill Fleshman 16025 Edmands Dr. Reno, NV 89511 Telephone: 775-219-5791 Email: [email protected] I, Bill Fleshman do hereby certify that: 1. I am Exploration Manager and Senior Geologist contracted to Cerro Resources. 2. I graduated with a Bachelor of Science degree in geology from Western Washington State University in 1973. 3. I am a Chartered Professional and Fellow of the Australian Institute of Mining and Metallurgy. In addition I am a Member of the Society for Mining, Metallurgy and Exploration (SME). 4. I have worked as a geologist for a total of 37 since my graduation from university. 5. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI43- 101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be a “qualified person” for the purposes of NI 43-101. 6. I am responsible for the preparation of Sections 5 and 8 for the technical report titled “Technical Report – Namiquipa Silver Deposit, Namiquipa, Chihuahua, Mexico” and dated 29 November 2012 (the “Technical Report”) by Cerro Resources NL (“Cerro”). I have spent approximately two years on the property. 7. I have had prior involvement with the property that is the subject of the Technical Report. The nature of my prior involvement is I am the exploration and resident project manager. My involvement has included managing the compilation of historic data as well as planning and implementing drill programs and coordinating geologic core logging. 8. I am not aware of any material fact or material change with respect to the subject matter of the Technical Report that is not reflected in the Technical Report, the omission to disclose which makes the Technical Report misleading. 9. I am not independent of the issuer applying all of the tests in section 1.4 of National Instrument 43-101. My income as a geologist is derived from payment from Cerro Resources. 10. I have read National Instrument 43-101 and Form 43-101F1, and the Technical Report has been prepared in compliance with that instrument and form. Page v Namiquipa Deposit Technical Report 11. I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Dated 29 November 2012 Signed Bill R. Fleshman Exploration Manger Cerro Resources Corporation Page vi Namiquipa Deposit Technical Report CONSENT OF AUTHOR Bill R Fleshman CONSENT OF QUALIFIED PERSON I, Bill R. Fleshman, consent to the public filing of the technical report titled “Technical Report – Namiquipa Silver Deposit, Namiquipa, Chihuahua, Mexico” and dated 29 November 2012 (the “Technical Report”) by Cerro Resources NL (“Cerro”). I also consent to the publication by Cerro of any extracts from or a summary of the Technical Report for regulatory purposes, including electronic publication on Cerro’s website and news release. I certify that I have read the news release of Cerro dated October 24, 2012 that the Technical Report supports and that it fairly and accurately represents the information in the sections of the technical report for which I am responsible. Dated this 29th day of November 2012. B R. Fleshman, Page vii Namiquipa Deposit Technical Report CERTIFICATE OF AUTHOR Trevor Allen Leahey Managing Director Computer Aided Geoscience Pty Ltd Unit 4, 41 Riverview Terrace Indooroopilly QLD 4068 AUSTRALIA I, Trevor Allen Leahey, BSc (Hons), Member AusIMM, Chartered Professional Geologist am a director of Computer Aided Geoscience Pty Ltd. I graduated with a BSc (Hons) Degree in Exploration Geology and Geophysics from University of Sydney in 1977. I am a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a Chartered Professional Geologist. I have worked as a geologist for a total of 35 years since my graduation from university in base metal and gold exploration, mine development and mine geology. Under the auspices of Computer Aided Geoscience Pty Ltd I have worked as an independent consultant for 25 years providing geologic and data analysis services to a range of Australian, US and Canadian companies. I have read the definition of “qualified person” set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfil the requirements to be a “qualified person” for the purposes of NI 43- 101. I am responsible for the preparation of Sections 1-4, 6-7, 9-14, 23-27 of “Technical Report – Namiquipa Silver Deposit, Namiquipa, Chihuahua, Mexico” and dated 29 November, 2012 relating to the Property. I have worked on site during the period January to September 2012. I have had an involvement in the Property since January 2012. The nature of this involvement has been the geologic review and quality control of the exploration data and the resource calculation.