On September 15 Silvore Fox signed a Letter of Intent to acquire a 100% interest in two gold with copper properties in Chile.

The properties consist of the Totora Gold Property which covers an area of 19.08 km² and the Harvest Property with an area of 23.89 km². Both properties are located in the Atacama Region of Chile, southwest of Copiapó, in a metamorphic terrain consisting of sedimentary rocks intruded by granitite.

Property #1  The Totora Gold Property

The Totora property is a big vein system target containing Gold and Copper.  It is the more advanced of the two properties with Sinotech having conducted mapping, geochemical, geophysics (mag and IP), trenching, and the examining of the many artisanal pits.  Initial test drill targets have been identified by Sinotech for this property. They occur within two prominent vein systems in a shear structure traceable for approximately five kilometers.  Silvore Fox expects to announce a test drilling program in the coming weeks.

Property #2  The Harvest Gold Property

This property is also currently considered a vein system target containing Gold and Copper. Sinotech geologists previously compiled field data from the artisanal pits and trenches active on the property. Mapping and a ground magnetic survey have been completed.  An IP (Induced Polarization) geophysical program is currently planned as the next step towards locating the most prominent drill targets within the vein systems, and this will be conducted soon.

After completion of significant corporate and geological due diligence, including drilling, Silvore Fox and Sinotech have signed a Formal Agreement on the properties as announced January 9, 2012.

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