The Rio Grande property consists of the following three concessions; which from a contiguous block:
1. AZUL; held by Mansfield Minerals Inc. and optioned to Antares on June 30, 2004, under a joint venture agreement described in the section entitled “Section 5 - Mansfield Minerals Joint Venture”. AZUL consists of 25 surveyed pertenencias within a 5- by 5-kilometer mining claim covering an area of 2,500 hectares. Approval for the Mine survey by the mining authority was on April 2001.
2. AZUL V (5); consists of 2,030 hectares along the east and south margin of AZUL, was acquired by Antares, and will be included in the agreement with Mansfield as it falls within the area of interest of the agreement.
3. SILVANA; consists of 6 hectares located within the AZUL 5 concession. This concession also was acquired by Antares, and will be included in the agreement with Mansfield.
The location of the concession boundaries and vertices (Table 2) are shown in Figure 1.