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Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property in Chihuahua. Samalayuca is filing claims on unclaimed property near the Kaity claim (Kaity II). Camex owns 33.75% of Samalayuca but is completing the purchase of additional shares to bring its ownership to 75%. Firex, a mining engineering company owns the other 25% Meus Mexican mining/exploration company based in Sonora, Mexico, 100% Camex owned Meus owns Escondida a silver, copper, zinc property in Sonora, Mexico Meus has an option on a second property, potentially a copper, silver gold porphyry VVC Exploration Canadian company with 2 Mexican gold properties and 2 Canadian gold properties. Camex owns 12% of VVC shares and warrants for an addition 12% January 2012

Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

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Page 1: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Samalayuca• Samalayuca is a Mexican mining/exploration company based in Chihuahua,

Mexico. • Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property in

Chihuahua. • Samalayuca is filing claims on unclaimed property near the Kaity claim

(Kaity II).• Camex owns 33.75% of Samalayuca but is completing the purchase of

additional shares to bring its ownership to 75%. Firex, a mining engineering company owns the other 25%

Meus• Mexican mining/exploration company based in Sonora, Mexico, 100% Camex

owned• Meus owns Escondida a silver, copper, zinc property in Sonora, Mexico• Meus has an option on a second property, potentially a copper, silver gold

porphyry

VVC Exploration• Canadian company with 2 Mexican gold properties and 2 Canadian gold

properties. • Camex owns 12% of VVC shares and warrants for an addition 12%• Palos Merchant Bank owns 6.5% of VVC shares with warrants for and

additional 6.5%

Hard-Rock Minerals• Canadian Exploration/Development company 30% owned by Camex • Hard-Rock owns 2 gold properties in the north of Sinaloa, Mexico.

January 2012

Page 2: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Camex Mexican Properties

SamalayucaCumeral

La Tuna

Copper Creek

Cerro Blanco

La Escondida

Page 3: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Samalayuca Project(Kaity Claim)

• Located 60 K South and West of El Paso Texas in Chihuahua Mexico

• Stratiform sedimentary copper deposit with significant gold and silver in at least 5 mineralization zones

• 43-101 with speculative inferred resource of 38 million pounds of copper on approximately 10% of the area and to a depth of only 40 meters

• Pursing unclaimed property adjacent to Kaity with indications of mineralization continuation from Kaity

• State of Chihuahua agreed to provide and pay for electricity to the property

• Land use contracts in place with all land owners (ejidos) for Pilot Mine

• Firex—a Mexican Mining Engineering and Contracting firm and 25% owner of Samalayuca will provide all of the capital for the startup of the Pilot Mine

Enero 2010

Page 4: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Google Map View of Samalayuca Claim 10K by 3K on

1623 Hectares

Page 5: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Samalayuca Position

Project Acquisition/Surface Evaluation

Exploration/Drilling Stage

Definition DrillingFirst Resource Calculation

Pre-feasibility Drilling

Resource EvaluationPilot Mine

FeasibilityProven Reserves

Production

Page 6: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Samalayuca Five Principal Mineralized Zones

Page 7: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

SamalayucaJanuary 2010: Reconnaissance sampling in all historically mined zones in Samalayuca claims by André St-Michel

April 2010: Detailed sampling in principal historical mined zones, including Gloria, Gloria Extention, Concha, Juliana, Zorra, Trinidad, and Suerte by Edwardo P.C., Bsc.Geology

January 2011: Regional mapping and sampling around Gloria, Gloria Extention, Concha, Juliana, Zorra zones by Jocelyn Pelletier, P Geo

April 2011: Detail mapping and sampling in Concha zoneby Jocelyn Pelletier, Pgeo.Visit and review by Julio Pintado, PhD, P.Geo, Mexican specialist.

May 2011: Detail mapping and sampling in Gloria and Gloria Extention zones by Jocelyn Pelletier, Pgeo. Visit and review of project Michel Gauthier, PhD, P.Geo, metallergy and stratiform copper deposit specialist.

October 2011: 43-101 completed covering 10% of project to depth of 40 meters—inferred copper resource of 38 million pounds.

1950’s-1970’s: Artisanal mining-ore to Asarco

1965:Minera Fresnillo: 5 drill holes--854m

1967: Pemex: Detail mapping activities. 

1969: MS Thesis of Edgar L. Berg for UT Austin: Geological studies and mapping 

1970: Earth Resources: 2 drill holes

1992-1993: MXUS: Mapping, sampling, drilling-51 air track, 4 reverse circulation, and 2 core drill holes 

1993: MS Thesis Craig Bruno,Queens College, New York: Exploration, geological studies and mapping activities

1997-98:Phelps Dodge: Mapping, sampling, drilling. Abandoned after Phelps Dodge sale in 98

Exploration

Page 8: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

April 2011

Samalayuca Copper Mineralisation Model3 Principal Types of Possible Mineralisation

Page 9: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

1. Original diagenetic stratiform copper mineralisation• Lateral zonation of copper mineralisation• Copper content ranges from 0.25% to 1%

2. Secondary structural enrichment• Results from stratification• Quartz vein remobilisation.• Copper content ranges from 1% to 2%

3. Supergene Enrichment• Surface lixiviation• Enrichment along vertical fractures in oxididation

zone.• Enriched sulfides in zone.• Copper content is 2% and higher

Samalayuca Copper Mineralisation

Three Types of Mineralization in Samalayuca Model

Page 10: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Typical mineralisation of chloritised quartzitic-arenite beds (20-100cm) with low grade mineralisation, with rarely observable copper sulfides dissemination.

Malachite-chrysocola fractures with up to 1-2% Cu.

SamalayucaTypical Stratiform Mineralisation

Page 11: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

SamalayucaSupergene Enrichment

Supergene (black zone)•Enrichment is late geological phenomenon due to meteoritisation, where the original mineralisation is transfomed and remobilised lower in the host rock.

•Meteoric waters intrude along porosity and structural weak planes to attack original minerals, such as sulfides to transformed them into secondary minerals, such as hydroxydes-oxydes-carbonates).

•Secondary minerals are remobilised and concentrate along fault and fracture zone.

•Possibility of copper enrichment by circulation of copper ion (Cu++) absorbed by sulfides all along the descent.

•Geochemical change is more intense in reduced oxidation conditions.

•Supergene copper content over 2%

Page 12: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

MalachiteMalachit

eChrysocolla Chalcocite,

Digenite

Cu+

Bornite, Covellite

Copper Sulfides

Brochantite

Pyrite

Chalcopyrite

Tenorite, Cuprite

Samalayuca Supergene Copper Enrichment

Interpretation

Page 13: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Example of High-Grade Supergene Copper Ore

Chuquicamata (Chile)

Page 14: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Recommendations for Samalayuca Property

1. Complete permitting process

2. Drill area chosen for heap leach pads to insure against covering mineralization zone

3. Start Pilot Mine

4. Complete the resource evaluation of the balance of the Kaity claim and if appropriate Kaity II

Page 15: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Meus

•100% Camex Owned Mexican Company

•Escondida•Located in Northern Sonora State of Mexico•70 K from Arizona border, 140 K from Tuscon•Contains significant silver with gold, copper and lead

•Surface samples contained more than 100 ounces of silver per ton

•43-101 in progress—expected by end Q1 of 2012

•Cerro Blanco•50 K from La Escondida is under option•A gold, silver, copper project with a breccia pipe that

strongly suggests a large porphyry deposit at depth

Page 16: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Camex Mexican Properties

SamalayucaCumeral

La Tuna

Copper Creek

Cerro Blanco

La Escondida

Page 17: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Escondida

• Escondida project is located in Central Sonora, Mexico, 140 K south of Tucson Arizona.

• Property covers 178 hectares with three major mineralization structures.

• Initial exploration campaign was begun in July 2011, with 116 samples taken as the mapping of the property was completed.

• The property show very interesting high grade values of silver, and considerable values of gold—12 samples had more than 300 grams of silver per ton and 7 had over 0.5 grams of gold per ton.

• An initial 43-101 is in progress with expected completion in Q1 of 2012.

Page 18: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Google Map View of Escondida

Page 19: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Escondida Position on the Camex Triangle

Project Acquisition/Surface Evaluation

Exploration/Drilling Stage

Definition DrillingFirst Resource Calculation

Pre-feasibility Drilling

Resource EvaluationPilot Mine

FeasibilityProven Reserves

Production

Page 20: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

EscondidaAn Orogenic Gold-Silver Deposit

Page 21: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Historical Exploration & Mining Work Escondida

• Copper discovered in region in 1660

• Carlin type deposits in area mined including gold at Santa Gertrudis and gold/silver at Las Chispas

• Known gold/silver quartz mineralizations close to Escondida include:• Guijas—200 m north• Renegada—6.4 km SSW• San Vicente—11.6 km SSW• Las Flores—16.5 km SW• La Soledad—14.7 km NW• El Otate—17.6 km NNW• Merceded—24 km NE

•  Unknown Substantial artisanal mining of gold and silver evidenced by small pits, mine dumps and stockpiles

• 2009: Mexican Company Prospection and channel chip sampling (170 samples) with values up 1.85 g/t Au over 1.2 meters wide

• 2011:Meus116 rock chips, block and grab samples with values reaching: 300 oz per ton silver 3.99 grams per ton gold

Page 22: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Escondida Exploration Activities

January 2011: Reconnaissance sampling in all historically mined zones in Escondida claims by André St-Michel

October 2011: Regional mapping and sampling by Jocelyn Pelletier, P Geo

Novermber 2011: Visit and review of project by Jaques Marchand for initial 43-101study

November 2011: Visit and review of project Michel Gauthier, PhD, P.Geo, metallergy and stratiform copper deposit specialist.

December 2011: First Draft of 43-101 completed covering.

Page 23: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

EscondidaEpizonal Au-Ag-Sb Deposit

Jamesonite (Pb4FeSb6S14 )--Lead mineralization at Escondida indicates characteristic Au-Sb epizonal orogenic metallic association

Page 24: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Second type of

mineralization target in Escondida:

Gold-bearing quartz

veinlets stockwork in competent

gabbro

Escondida

Page 25: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Kalgoorlie(Australia): A world-class orogenic gold deposit in such

competent gabbro

Page 26: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Recommendations for Escondida Property

• First complete a ground magnetic survey to delineate the gabbro competent mass within the incompetent turbidite sequence

• Engage a geophysicist to carry out a 3D mag inversion that can be integrated in a 3D GIS software

• Plan a couple of diamond drill holes that would target: 1) pressure shadow zone in the gabbro mass and 2) probe a possible saddle reef staking below La Generosa, La Abundancia and La Discreta ‘veins’

• These three steps can be completed relatively quickly and cheaply to determine if Escondida is indeed a large deposit or simply gold silver veinlets.

Page 27: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Cerro Blanco

• Sonora, Mexico, 45 K from Cananea• The property is 297 hectares characterized by Au-Ag

enargite veins with great potential for gold silver and copper. Historically there has been considerable exploitation of high grade veins.

• These mineralized veins are on top of a pebble breccia pipe suggesting a porphyry copper target that is a possibility for open pit exploitation.

• Initial sampling shows relatively high grade values for gold silver, and copper (5.45 g/tn Au, 0.7kg/tn Ag and 1% copper

• Project has similar characteristics to Butte (Montana), “the richest hill on earth.”

Page 28: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Cerro Blanco Position on the Camex Triangle

Project Acquisition/Surface Evaluation

Exploration/Drilling Stage

Definition DrillingFirst Resource Calculation

Pre-feasibility Drilling

Resource EvaluationPilot Mine

FeasibilityProven Reserves

Production

Project Acquisition/Surface Evaluation

Exploration/Drilling Stage

Definition DrillingFirst Resource Calculation

Pre-feasibility Drilling

Resource EvaluationPilot Mine

FeasibilityProven Reserves

Production

Page 29: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Classic Model for Au-Ag Enargite Vein-System on Top of a Porphyry Copper

Target

Page 30: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Significant Presence of Breccia-Pipe at Cerro Blanco Similar to Classic Model

Page 31: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Cerro Blanco has similar characteristics to nearby Cananea

Page 32: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Recommendations for Cerro Blanco

1. Complete a ground Induced Polarization (IP) survey of the property.

2. If IP anomalies are detected, especially below the en échelon veins system make a 3D IP inversion that can be integrated in a 3D GIS software for evaluation and exploration planning

3. Based on the 3D GIS evauuation drill one or two deep diamond drill holes to probe IP anomaly that would be coincident to an outcropping Cu-Au vein system.

Page 33: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Camex Mexican Properties

Samalayuca

Copper Creek

Cerro Blanco

La Escondida

Page 34: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Hard-Rock Minerals

• Hard-Rock Mineral Developments Inc is a private Canadian Mining/exploration and development company that is focused on a project that could lead to gold, silver, copper and zinc production in short time frames.

• Hard-Rock owns Mineral Copper Creek S.A. de C.V., a Mexican mining company that owns mining properties in Ayutla, Jalisco Mexico.

• Camex owns 30% of Hard-Rock Minerals

Page 35: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Copper Creek

• The property contains 4 existing, non-operating mines with near surface minerals that could be surface mined.

• Initial sampling and historical data from these mines indicate 350,000 to 500,000 tons of ore containing gold, silver and copper.

• In addition there is a significant ore dump, tailings pile and a 50 ton per day mill that could be renovated into use at a 200 ton per day capacity. Estimated production in less than 12 months.

• Hard-Rock is pursuing a JV with a local engineering company to process the ore dump and tailings pile

Enero 2010

Page 36: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Copper Creek Position on the Camex Triangle

Project Acquisition/Surface Evaluation

Exploration/Drilling Stage

Definition DrillingFirst Resource Calculation

Pre-feasibility Drilling

Resource EvaluationPilot Mine

FeasibilityProven Reserves

Production

Page 37: Samalayuca Samalayuca is a Mexican mining/exploration company based in Chihuahua, Mexico. Samalayuca owns the Kaity claim, a 1623 hectare copper/gold property

Recommendations forCopper Creek

• JV with local mining company to process ore stockpile and tailings pile

• Complete initial drilling program based on the channel sampling. Sample grade up to:• 4 g/t Au • 400 g/t Ag• 5% Zn and • 2% Cu

• Complete 43-101

• Renovate existing mill

Enero 2010