152
TECNICAL REPORT ON THE BERENGUELA PROPERTY SOUTH-CENTRAL PERU Mineral Concessions: Berenguela and Berenguela 97 Geographic Coordinates Centred at Approximately: 15° 40' S 70° 34' W Peruvian (NTS) Map Area Lagunillas 32-U 2005-10-04 Prepared for Silver Standard Resources Inc. By James A. McCrea, P.Geo. #306 – 10743 139 th Street Surrey, British Columbia Canada (604) 588-0891

TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

  • Upload
    others

  • View
    3

  • Download
    0

Embed Size (px)

Citation preview

Page 1: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

TECNICAL REPORT ON THE BERENGUELA PROPERTY

SOUTH-CENTRAL PERU

Mineral Concessions: Berenguela and Berenguela 97

Geographic Coordinates Centred at Approximately:

15° 40' S 70° 34' W

Peruvian (NTS) Map Area Lagunillas 32-U 2005-10-04

Prepared for Silver Standard Resources Inc.

By

James A. McCrea, P.Geo. #306 – 10743 139th Street Surrey, British Columbia

Canada (604) 588-0891

Page 2: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. i

Technical Report on the Berenguela Property, Peru October 26, 2005

TABLE OF CONTENTS

SUMMARY ..................................................................................................................... 1 INTRODUCTION AND TERMS OF REFERENCE.......................................................... 2

Terms of Reference ....................................................................................................2 Sources of Information ................................................................................................2

DISCLAIMER.................................................................................................................. 3 PROPERTY DESCRIPTION AND LOCATION ............................................................... 3

ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ........................................................................................................... 7

Accessibility, Local Resources and Infrastructure........................................................7 Topography, Elevation and Vegetation........................................................................7 Climate........................................................................................................................7

HISTORY........................................................................................................................ 8 GEOLOGICAL SETTING.............................................................................................. 12

Regional Geology...................................................................................................... 12 Property Geology ...................................................................................................... 15

DEPOSIT TYPES ......................................................................................................... 18 MINERALIZATION AND ALTERATION ........................................................................ 20 EXPLORATION ............................................................................................................ 21 DRILLING ..................................................................................................................... 21 SAMPLING METHOD AND APPROACH...................................................................... 22 SAMPLE PREPARATION, ANALYSIS AND SECURITY .............................................. 22 DATA VERIFICATION .................................................................................................. 24 MINERAL PROCESSING AND METALLURGICAL TESTING ...................................... 26 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES................................. 28

Database................................................................................................................... 28 Solid Modeling .......................................................................................................... 28 Compositing, Statistics and Geostatistics.................................................................. 29 Block Model .............................................................................................................. 29 Grade Capping.......................................................................................................... 30 Classification............................................................................................................. 30

INTERPRETATION AND CONCLUSIONS ................................................................... 31 RECOMMENDATIONS................................................................................................. 31

Budget ...................................................................................................................... 32 REFERENCES ............................................................................................................. 33 STATEMENT OF QUALIFICATIONS............................................................................ 34

Page 3: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. ii

Technical Report on the Berenguela Property, Peru October 26, 2005

LIST OF FIGURES

Figure 1: Location Map ...................................................................................................5 Figure 2: Concession Map ..............................................................................................6 Figure 3: Berenguela Underground Workings ............................................................... 11 Figure 4: Regional Geology of the Puno Area, Southern Peru ...................................... 14 Figure 5: Property Geology ........................................................................................... 17 Figure 6: Drill Hole and Sample Location Map .............................................................. 25 Figure 7: Process Flow Sheet ....................................................................................... 27

LIST OF TABLES Table 1: List of Mineral Concessions...............................................................................3 Table 3: Samples Results from the 2004 Property Visit................................................. 24 Table 4: Block Model Parameters ................................................................................. 30 Table 5: Berenguela Resource Summary, Using a Cut 50 Gram per Tonne Silver Cut-off

.............................................................................................................................. 31

LIST OF APPENDICIES Appendix 1: Detailed Resource Tables for Berenguela Appendix 2: Variograms Appendix 3: Assay Laboratory Certification

Page 4: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 1

Technical Report on the Berenguela Property, Peru October 26, 2005

SUMMARY

The Berenguela Property consists of two mineral concessions totalling 141.33 hectares.

Berenguela is located in southern Peru, in the department of Puno, approximately 50

kilometres west of the city of Juliaca and six kilometres northeast of the town of Santa

Lucia. The property is vehicle accessible year round. The concessions are held by

Sociedad Minera de Berenguela S.A. (SOMINBESA), a private company registered in

Peru which is held 100% by Fossores Ltd., a holding company registered in the Cayman

Islands. Silver Standard Resources Inc. (Silver Standard) has an option agreement with

SOMINBESA and Fossores Ltd. to purchase a 100% interest in the silver resources

contained on the Berenguela Property.

The Berenguela Deposit has seen exploration and production since colonial times with

the most period from 1906 to 1965 when it was the property of the Lampa Mining

Company. Production from underground workings and small surface pits totalled

approximately 500,000 tonnes. After Lampa Mining the property was the subject of

various agreements with ASARCO and Charter Mining that were not completed or

dropped. In January of 1972, the property was awarded to Minero Peru as special

rights. The Ministry responsible for Minero Peru sold the rights to the property to

Kappes, Cassiday & Associates of Reno Nevada who subsequently formed the

SOMINBESA to manage the project.

The Berenguela deposit, as it is presently known, consists of several lenses and pods of

potentially economic Ag-Cu (-Mn) mineralization that occur within a WNW-trending block

of metasomatically altered carbonate rocks which has dimensions roughly estimated at

1,400 m long by 400 m wide by 100 m thick. Individual, well-mineralized pods or lenses

are anticipated to have maximum dimensions of less than 100 meters.

Silver Standard completed an RC drilling program on the Berenguela Property in 2004

and 2005. The program entailed 222 RC drill holes with the objective of delineating the

mineralization of the Berenguela Deposit and completing a resource estimate for the

property.

Page 5: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 2

Technical Report on the Berenguela Property, Peru October 26, 2005

The Berenguela Property is a property of merit. It is host to a potentially bulk mineable

silver, copper and manganese deposit. The author completed a 3D block model

resource estimate for the Berenguela Deposit. Resources for the Berenguela using a 50

gram per tonne silver cut-off, are 15.6 million tonnes at 132.0 grams per tonne silver,

0.92 % copper and 8.8 % manganese in the indicated category and 6.0 million tonnes at

111.7 grams per tonne silver, 0.74 % copper and 6.5 % manganese in the inferred

category. Total resources in all categories at a 50 gram per tonne silver cut-off are 21.6

million tonnes at 126.3 grams per tonne silver, 0.87 % copper and 8.2 % manganese.

Recommendations for the Berenguela Project to include 2000 metres of RC drilling to

further define the edges of the known mineralization, petrographic studies of the

mineralization and improvements to the QA/QC program.

INTRODUCTION AND TERMS OF REFERENCE

The Berenguela Property, located in southern Peru, is held by Sociedad Minera de

Berenguela S.A. (SOMINBESA), a wholly owned subsidiary of Kappes, Cassiday &

Associates (KCA) of Reno Nevada. Silver Standard Resources Inc. (Silver Standard) of

Vancouver, Canada has entered into an agreement with KCA to purchase the currently

defined silver resource found on the Berenguela property. This Technical Report on the

Berenguela Property has been prepared to comply with the standards outlined in

National Instrument 43-101 and completes a portion of the agreement between KCA and

Silver Standard.

Terms of Reference

Silver Standard retained Mr. James A. McCrea, P. Geo. during November 2004 to

complete an independent review and resource estimate for the Berenguela Property.

Mr. McCrea, a qualified person under NI 43-101, visited the property and surrounding

area on December 7th and 8th of 2004.

Sources of Information

This evaluation was partly based on published and unpublished material and data

submitted to the author by Silver Standard and on data obtained from INGEMMET, the

Peruvian geological survey and agency responsible for Peru’s mineral resources. The

Page 6: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 3

Technical Report on the Berenguela Property, Peru October 26, 2005

author also relied on over 17 years of field experience in base and precious metal

deposits and in resource estimations of numerous base metal prospects with

characteristics similar to those found on the Berenguela Property.

DISCLAIMER

This technical report is based upon published and unpublished data, primarily from

geological reports as described in the sections herein entitled History and References.

These reports were written prior to the implementation of the standards relating to

National Instrument 43-101. However, as persons experienced in geology or related

fields prepared the reports, the reports and relevant data are considered to be of high

quality. Additional information was obtained during a visit to the property, by the author.

Silver Standard’s employees and consultants provided additional information used in

database compilation and resource modelling. This information is also considered by

the author to be of high quality.

PROPERTY DESCRIPTION AND LOCATION

The Berenguela Property encompasses approximately 141.33 hectares situated in the

eastern part of the Western Cordilleran of south-central Peru (Figure 1) and consists of

two mineral concessions (Figure 2; Table 1). The Berenguela concessions are located

within the Department of Puno and lie within Peruvian National Topographic System

(NTS) map area Lagunillas, No. 32-U. The centre of the Berenguela concessions is at

15° 40' South Latitude and 70° 34' West Longitude. The concessions, their sizes and

entry codes are summarized in Table 1.

Table 1: List of Mineral Concessions Concession Name Status Mining Code Hectares

Berenguela 100% Owned 13000001Y03 100 Berenguela 97 100% Owned 010128997 41.33

The two Berenguela concessions are held by Sociedad Minera de Berenguela S.A.

(SOMINBESA), a private company registered in Peru which is held 100% by Fossores

Ltd., a holding company registered in the Cayman Islands. Silver Standard has an

option agreement with SOMINBESA and Fossores Ltd. to purchase a 100% interest in

the silver resources contained on the Berenguela Property. Under the terms of the

Page 7: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 4

Technical Report on the Berenguela Property, Peru October 26, 2005

agreement, Silver Standard has agreed to pay US $20,000 on signing of the agreement

and then once the option agreement has been approved by the Toronto Stock Exchange

(TSX) to pay an additional US $180,000 to Fossores and issue 17,500 common shares

of the company to SOMINBESA. Following the agreement, Silver Standard is required

to carry out an exploration program estimated to cost a minimum of US $500,000,

primarily for drilling, to expand the silver resource and to complete a resource estimate

in compliance with NI 43-101. Sixteen months after entering into the agreement, Silver

Standard may exercise its option to acquire the rights to the silver resource by paying

US 0.04 to US 0.06 per resource ounce using a combination of cash and shares that will

be determined based on current silver prices. According to the management of Silver

Standard, there are no underlying royalties or back-in interests on the concessions in

this property. (Silver Standard Press Release, March 2004)

Mineral rights in Peru are awarded by the national government. The current system of

acquiring mineral rights is by applying for concessions at the Ministry of Mines.

Concession boundaries are specified on the application by indicating the locations of the

corners of the concessions. Coordinates must be specified to the nearest 1,000-meter

UTM coordinate and boundaries must be orientated north south and east west.

Concessions awarded before 1992 can have irregular coordinates. These concessions

have specific corners that were legally surveyed in the field and must be registered at

the Ministry of Mines.

The two Berenguela concessions held by SOMINBESA are in good standing. The

Berenguela concession was created on January 19, 1972 and awarded special state

rights by Supreme Decree. The concession covers the following lapsed mining

concessions: Burton, Corocora, Hadden, Nueva Virginia, Santa Margarita, Santiago

Esmeralda, Delta, Hadden No. 1 and San Vecente. In 1991 the Special Rights were

converted to the mining concessions regime and later awarded to Minero Peru. On April

11, 1997 Minero Peru staked the mining pediment Berenguela 97 and on March 9, 1999

the final resolution approved the Berenguela 97 mining concession for the benefit of

Minero Peru with an area of 100 hectares. The Berenguela 97 concession partly

overlaps the Berenguela priority mining concession so the priority concession was

reduced to 41.33 hectares. According to the mining registry these mining rights are not

subject to any mortgage, pledge or other charges presently in force. (Fontana, 2004)

Page 8: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

CHILE

BRASIL

PERU

LIMA

AREQUIPA LAKETITICACAPACIFIC

OCEAN MOQUEGUA

Mollendo

Desaguadero

Huancane

Ayaviri

Chivay

Santa Lucia

APURIMAC

AYACUCHOCUZCO

PUNO

AREQUIPA

MOQUEGUA

TACNA

AREQUIPA

PUNO

JULIACA

14o S

16oS

69o W71OW73oW

Imata *BERENGUELA

PROJECT

BOLIVIASCALE01020304050 50 Km

BERENGUELA PROJECT

Location Map

Figure: 1DATE: Oct. 2005

S i l v e r S t a n d a r dR E S O U R C E S I N C.

Puno, Peru

SCALE: AS SHOWN

Page 9: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

8268000 N

8269000 N

N

BERENGUELA

BERENGUELA 97CODE 010128997 - 100 ha.

SantaMargarita

Grey concession names are supersededby Berenguela Concession

(Overlaps Berenguela Actual area = 41.33 ha.)

CODE 13000001Y03 - 100 ha. SantiagoEsmeralda

Delta

SanVicente

Burton

Corocora

Hadden

Hadden No. 1

8268500 N

BERENGUELA PROJECT

Concession Map

Figure: 2DATE: Oct. 2005

S i l v e r S t a n d a r dR E S O U R C E S I N C.

Puno, Peru

SCALE: AS SHOWN

Page 10: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 7

Technical Report on the Berenguela Property, Peru October 26, 2005

All concessions held by SOMINBESA are in good standing until June 30th 2006. Annual

concession payment requirements are US$3 per hectare to maintain the concessions in

good standing; annual tax payments must be received by June 30th. In order to conduct

detailed-exploration work, such as roadwork and drilling, permits must be obtained from

the Peruvian Ministry of Mines. It is not necessary to obtain permits for basic

exploration, such as mapping and sampling. Companies are also required to submit a

summary of annual exploration expenditures to the Peruvian Ministry of Mines.

ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND

PHYSIOGRAPHY

Accessibility, Local Resources and Infrastructure

The Berenguela Property is accessible in under an hour by paved and gravel roads from

the city of Juliaca, located in southern Peru. Juliaca is a small city (100,000 people) with

an Airport and daily flights to Lima, the capital of Peru. The property is located about 50

kilometres west of Juliaca. Arequipa is the major city in southern Peru and it is about 2.5

hours by road from the property. The property is 6 kilometres northeast of the town of

Santa Lucia and Santa Lucia is on the main, paved highway to Arequipa. Santa Lucia

has groceries and fuel available on a limited basis; however, major purchases would be

made in Arequipa or Juliaca. Infrastructure and access is considered excellent.

Topography, Elevation and Vegetation

The Berenguela Property lies between 4150 and 4280 metres above sea level in the

Western Cordillera of southern Peru. The terrain of the property is one of moderate

relief, with relatively poorly drained pampas occurring in the valleys that lie north and

south of a central WNW-trending ridge where the Berenguela deposit is found. The

slopes are typically covered with sparse grasses and few small low bushes. The steeper

slopes generally have very little vegetation and are mostly covered by talus.

Climate

Within the region of the Berenguela Property, annual temperatures range from greater

than 25°C to less than -20°C, with periods of extreme precipitation. The rainy season in

Page 11: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 8

Technical Report on the Berenguela Property, Peru October 26, 2005

this part of the Andes is from December to April. Snow covers many of the peaks, which

are in excess of 5100 metres. Dense fog is common during the rainy season.

HISTORY

Berenguela has a long history of exploration and production dating back to Colonial

times. This summary of the mining history of Berenguela is not believed to be all-

inclusive since not all exploration and development activities have been documented.

The early history of the Berenguela Deposit is summarized in the volume Perú: A Mining

Country (1986):

“The Berenguela Deposit has been continually exploited since Colonial times; the most active period of exploitation dates back to 1906 when it became the property of the Lama Mining Company, who built a small smelter at Santa Lucia to treat silver and copper ores. The Berenguela mineral consists principally of manganese oxide containing copper and silver. The complex nature of the Berenguela mineral has been one of the causes preventing its exploitation on a large scale, since the beneficiation of silver from the manganese oxides has always presented metallurgical problems. In 1958 the plant was reconditioned in order to obtain a concentrate by floatation with a higher grade. This process was new and complicated, no new tests of this kind have been made in other plants; the initial results were discouraging, but later improved and the engineers were optimistic as to the final result of the procedure. During the period June 1957 to June 1958, production at the Berenguela mine was as follows: 21,153 tonnes with Ag grades of 22.07 oz/t (686.44 grams) and 1.91 % Cu It is stated that the mineral also has 30% manganese. In the 1940 to 1950 decade efforts were made to obtain a by-product from manganese. However the cost of this product was very high and the market was unstable, as this operation was laid aside. The American Smelting & Refining Co. (ASARCO) took a purchase option on these properties for a year, between August 1965 to September 1966, in which period the first important studies of these deposits were made. These studies consisted of 3,241.6 m. of diamond drilling distributed in 52 drill holes; the corresponding geological mapping was also made and metallurgical tests in the laboratory of the U.S. Bureau of Mines, F.C. Torkelson Company and Silver Bell. Later the Cerro de Pasco Corporation took out a purchase option on the same deposit between November 4, 1966 to November 4, 1968, limiting its activities to estimating reserves and carrying out metallurgical research at the La Oroya laboratory. Finally Charter Consolidated took out a purchase option in December 1968, to December 1970; in this period it carried out 56 complementing diamond drill holes over a total length of 3,386 m.; metallurgical research and a feasibility study were also carried out.

Page 12: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 9

Technical Report on the Berenguela Property, Peru October 26, 2005

Due to failure to fulfil the schedule of operations set forth in the General Mining Law these deposits reverted to the State and on January 19, 1972 passed on to Minero Perú as special rights.”

Total production from Berenguela by the Lampa Mining Company (Lampa) is reported at

approximately 500,000 tonnes during the period 1906 to 1965. Production was largely

from underground workings but numerous small open pits can be seen on surface.

Underground production created 17,700 metres of underground workings (Figure 3).

Lampa was mainly concerned with silver extraction and the recovery of by-product

copper. (Kappes, Cassiday & Associates: Berenguela.com)

Both ASARCO and Charter Consolidated Mining (Charter) took bulk samples for

metallurgical testing. ASARCO took a 268 tonne bulk sample of the different ore types

from 18 different underground locations. In addition Charter sampled 5108 metres of the

underground workings with chip samples that were collected on 1.5 metre intervals. The

chip samples were used to verify the drill hole results.

Charter had a reserve estimate completed for Berenguela. In November of 1969, J.M

Strathern released a sectional-polygonal reserve estimate for Berenguela. This

sectional reserve used underground sampling and drill hole data on vertical cross-

sections spaced 50 metres apart. The reported historic reserve was 14,329,514 tonnes

at a grade of 124.8 grams per ton silver and 1.32 percent copper per tonne. The reserve

did not report manganese grade because the drill hole samples were not assayed for

manganese. Strathern called the reserve a “proved reserve”. (Strathern, 1969)

The Strathern reserve was reviewed in 1998 by Ross Glanville & Assoc. who concluded

that based on the extensive drill and underground sampling it would be reasonable to

classify the Strathern “reserve” in the “probable” category. (Glanville, 1998) The

Strathern estimate and the review by Ross Glanville were completed prior to the

implementation of National Instrument 43-101 and the author believes that it would be

appropriate to re-classify the historic “reserve” estimate as an indicated resource based

on the quantity of data used in the original estimate. The historic resource estimate is

superseded by the current expanded resource.

In 1995, a policy of privatization was adopted by the Peruvian ministry responsible for

Minero Peru, with the result that the Berenguela Property was offered for sale by the

Page 13: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 10

Technical Report on the Berenguela Property, Peru October 26, 2005

state company. Kappes, Cassiday & Associates (KCA) purchased Berenguela in 1995

by competitive bid and formed a private Peruvian company, Sociedad Minera de

Berenguela S.A. (SOMINBESA) to manage the project. Dan Kappes and Mike Cassiday

are the majority shareholders in SOMINBESA (Kappes, Cassiday & Associates:

Berenguela.com).

Following acquisition of the property, KCA conducted a surface bulk-sampling program

and collected two bulk samples. The first sample was a composite sample that was

formed from mineralization collected at about 20 sites, with each site providing

approximately 20 kilograms of rock for a total of approximately 300 kilograms. The

second bulk sample was obtained from more extensive sampling, being produced from

material gathered from 48 separate locations. The objective of this sampling was to

obtain a good representation of remaining mineralization. The second bulk sample

weighted approximately 3000 kilograms, with individual samples being taken from

existing open cuts and pits, various tunnel sections as well as from surface stockpiles

and dumps. The samples were processed at the KCA laboratories in Reno, Nevada,

USA and later utilized for process development and testing purposes. (Kappes,

Cassiday & Associates: Berenguela.com)

In March of 2004, Silver Standard entered into an option agreement with SOMINBESA

(KCA) to purchase 100% of the silver resources contained in the Berenguela Project.

The option agreement required payments of cash and shares, the completion of an

exploration program and the completion of a 43-101 compliant resource estimate. (Silver

Standard Press Release, March 2004). Silver Standard completed the exploration drill

program in July of 2005 after completing 222 reverse circulation drill holes.

Page 14: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

BERENGUELA PROJECT

Berenguela Underground

Figure: 3DATE: Oct. 2005

S i l v e r S t a n d a r dR E S O U R C E S I N C.

Puno, Peru

WorkingsSCALE: AS SHOWN

Page 15: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 12

Technical Report on the Berenguela Property, Peru October 26, 2005

GEOLOGICAL SETTING

Regional Geology

The Berenguela Property is situated within the Western Cordillera of the Andean

mountain range, which since the Late Cretaceous has been formed by collisional plate

tectonics where Pacific oceanic crust is being subducted beneath the South American

plate. The regional geology of the Western Cordillera in south eastern Peru is

dominated by volcanic and sedimentary rocks of Cenozoic to Quaternary age (Figure 4).

In the region west of Lake Titicaca where the Berenguela deposit is found, referred to

here as the Santa Lucia district, there are several large erosional or structural windows

in the volcano sedimentary terrane where structurally deformed Paleozoic and Mesozoic

sedimentary strata are exposed. The Berenguela Ag-Cu-Mn deposit lies within one of

these areas of Mesozoic sedimentary rocks.

According to researchers of Andean geology in Peru (Clark et al.,1990; Medina, 1993),

a major tectonic event known as the Andino Orogeny that started in the Late Cretaceous

and continued into Early Tertiary time uplifted and folded pre-Tertiary sedimentary

sequences in southern Peru. Medina (1993) was able to recognize in this part of the

country five distinct episodes of deformation that occurred during this orogeny, although

he suggests that two main deformation events, referred as the Quechua D1 and D2

events, established the main litho-tectonic relationships seen in the region and could

also be linked to the main mineral deposits of the Santa Lucia district, including

Berenguela. Subsequent to the main compressional tectonism of the Andino Orogeny,

the region west of Lake Titicaca experienced a prolonged period of continental

sedimentation, with highlands of folded Paleozoic and Mesozoic rocks being eroded to

form thick and extensive deposits of conglomerates and arenites belonging to the Puno

Group. Regionally extensive, northwest-trending fault zones, including the Lagunillas

Fault Zone that passes a few kilometres south of Santa Lucia town, partly controlled the

deposition of these coarse clastic lithologies.

Subaerial volcanism in the Santa Lucia district began in the Oligocene with the

deposition of relatively potassic, trachyandesitic flows and agglomerates of the Yapoco

and Piruani Formations. Clark et al. (1990) suggests that this volcanism began at

Page 16: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 13

Technical Report on the Berenguela Property, Peru October 26, 2005

approximately 31 Ma and ceased around 26 Ma. Numerous sub-volcanic stocks of calc-

alkaline diorite along with dikes and sills of high-K andesite were also emplaced during

this period. These Middle Tertiary volcanics and sub-volcanic intrusives are considered

by Clark et al. (1990) to belong to the Tacaza Group.

During Late Oligocene to Early Miocene time, the Puno region was affected by Quechua

D2 deformation, which involved major uplift and erosion. As well, this period saw the

eruption of rhyolite ignimbrites of the Churuma and Santa Lucia Formations and

subsequently ash flow tuffs belonging to the Sillapalca Group. The peak of this

deformation event occurred at approximately 23 Ma and resulted in the moderate folding

of Tacaza Group volcanics and Puno Group sediments along a northwest and southeast

trend (Medina, 1993). Further short-lived uplift and erosion was then followed by

additional volcanism, with predominantly dacite lavas of the Sillapaca Formation being

extruded. In the Santa Lucia district, this volcanic event was brief, extending from

approximately 16.2 Ma until 14.7 Ma.

Clark et al. (1990) observed that the majority of the metallic deposits of the Santa Lucia

district are hosted by Tacaza Group volcanic rocks or underlying Mesozoic sedimentary

strata. They also concluded that most of the base and precious metal epithermal

mineralization in the region accompanied the eruption of these volcanics and that the

deposits show a close association with Late Oligocene, calc-alkaline sub-volcanic

intrusions. The Berenguela Ag-Cu-Mn deposit is considered by the researchers to

represent the strongest expression of metal-rich hydrothermal activity in the district.

Page 17: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

LakeTiticaca

69OW70OW71OW15OS

16O S

Tertiary Rocks

Sillapaca and Palca Groups

Tacaza Group

Puno Group Sediments

Mesozoic and Paleozoic Rocks

Cuena Putina, Caliza Ayavacas Fm, Murco Fm, Caliza Arcurquina Fm,Caliza Sipin Fm, Yura Group, Lagunillas Group

Paleozoic Rocks

Scale0 10 20 30 40 50 Km

* BERENGUELAPROJECT

BERENGUELAPROJECT

North

Major Fault

* Rescatada

BERENGUELA PROJECT

Regional Geology

Figure: 4DATE: Oct. 2005

S i l v e r S t a n d a r dR E S O U R C E S I N C.

Puno, Peru

of the Puno AreaSCALE: AS SHOWN

Page 18: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 15

Technical Report on the Berenguela Property, Peru October 26, 2005

Property Geology

The Berenguela Ag-Cu-Mn deposit trends in a WNW direction for more than 1,400

meters along a whale-back ridge that separates two valleys, the broader one being to

the south. The eastern and western limits of the deposit roughly correspond to where

steep slopes truncate the ridge and descend to the pampa valleys some 200 metres

below the ridge-crest. Moderately to isoclinally folded limestones and dolomites of the

Cretaceous-age Ayavacas Formation are the dominant lithologies exposed along the

ridge and host the deposit mineralization. (Figure 5) Commonly the limestones are

difficult to recognize due to the extensive and complete replacement of Ca-Mg

carbonates by manganese and iron oxides. In the western sector of the deposit,

detailed mapping has identified three areas where the carbonate rocks are intruded by

small rhyodacitic bodies. As well, a number of sub-vertical, dike-like bodies of

polymictic, coarsely fragmental rock have been recognized in the central part of the

deposit, with probably the best exposure being in the San Jose open-cut. These clastic

units are characterized by their dike- or pipe-like form with sharply defined margins and

a coarse fragmental component that includes subangular to subrounded cobbles and

boulders of fine-grained diorite, hornblende-plagioclase-porphyritic dacite and minor

sandstone and carbonate clasts. These enigmatic fragmental rocks have been

interpreted as isolated or remnant deposits of fluvial-glacial sediments (Candiotti and

Castilla, 1983; Klink et al., 1986), possibly being fluvial conglomerates preserved in karst

cavities within the Ayavacas Formation limestone. Alternatively, Clark et al. (1990)

consider these coarsely fragmental rocks to be phreatic breccia dikes and sills related to

hydrothermal activity.

Both hypogene and supergene silver and copper minerals are invariably associated with

high concentrations of manganese +/- iron oxide concentrations representing

metasomatic replacement zones that apparently were localized along faults or intensely

fractured zones which formed axial planar to the relatively tight, WNW-trending folds

found along the ridge at Berenguela. Fault structures that cut more or less orthogonally

across the fold axes likely also channelled the hydrothermal fluids, with the intersection

of these structures and the dominant WNW-ESE structures being logical loci of high fluid

flow and metasomatism. In addition, dolomitic horizons in steeply inclined limbs of the

folds appear to have been preferentially replaced by the Mn-rich hydrothermal fluids.

Page 19: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 16

Technical Report on the Berenguela Property, Peru October 26, 2005

The manganiferous replacement zones are generally earthy in texture and range in

colour from blackish brown where the MnO content is up to 30%, through a ‘leopard skin’

texture of dark brown and yellowish brown to an ochre colour where the altered rock is

richer in potassium and iron and the manganese contents are less than 5%. Locally,

the Mn-oxide metasomite rock hosts irregular veins and veinlets of orange-red jasper.

Other evidence of hydrothermal activity that postdates manganese metasomatism is

seen in patches of brecciated, Mn oxide-replaced limestone where crustiform and

chalcedonic quartz is coating breccia clasts. (Burk, 2005)

Apart from the restricted surface exposures of sub-volcanic rhyodacite rock in the

western part of the deposit there do not appear to be any sizeable bodies of intrusive

rock at Berenguela that could be genetically linked to the Mn-rich metasomatism.

Evidently no drill holes intersected exo- or endoskarn rocks that would indicate the

presence of an intrusion at depth. (Burk, 2005) Instead, many of the longer drill holes

cored through thick sections of gypsum. In the case of one Asarco drill hole, some 172

meters of gypsum was drilled, with the hole actually ending in the sulphate. (Strathern,

1969)

In summary, the Berenguela deposit, as it is presently known, consists of several lenses

and pods of potentially economic Ag-Cu (-Mn) mineralization that occur within a WNW-

trending block of metasomatically altered carbonate rocks which has dimensions roughly

estimated at 1,400 m long by 400 m wide by 100 m thick. Individual, well-mineralized

pods or lenses are anticipated to have maximum dimensions of less than 100 meters.

Page 20: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

bleached carb

loadingpad

secondarycalcite vnlts

40

75

54

11

44

35

10

24

72

47

6236

61

8080

82

88

50

24

7073

gray carb

shaft

29

39

pond

jaspjasp

float ?

80

7176

folded

rhy

68

62

57

jasp

rhyodacite roundedto subangular

65

39

47

74

70

74

56 7147

72

71

81

63

47

73

49

61

48

folded

gray dolobrecciated locwith minor jasp

26

37

86

7258

34

52

65

48

40

22

60

35

26

jasp

jasp

To Santa Lucia

flt rhyodacite

folded

folded carb Mn

rhyodacite

trench

flt rounded volc

rhyodacite

flt rounded

rhyodaciteboulders

trench

47

PROGRESO NO. 1

PROGRESO NO. 2

INTERMEDIOCERO

HUAYRAPATA

PROVIDENCIA

INTERMEDIO NO. 3

SAN ROBERTO

BUENA VENTURIA

SAN JOSE

CHAPI

CANDELARIA NO. 1

BURTON OPEN PIT

VICTORIA

BURTON NO. 2 BURTON NO. 1

SAN SIMON

SAN PEDRO

ERNESTINANO. 3

ANGELITOSWORKINGS

ZETAS

COPCABANA NO.1

COPACABANANO. 2

COPACABANAN0. 3

power magazine

jasp

near outcrop

0 50 100 150 200

METRES

Page 21: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 18

Technical Report on the Berenguela Property, Peru October 26, 2005

DEPOSIT TYPES

Based on the distribution and form of the potentially economic bodies of Mn-Cu-Ag

mineralization within the structurally deformed limestone formation there is little doubt

that Berenguela represents a type of epigenetic, replacement-type ore deposit (Clark et

al., 1990). Silver- and copper-mineralized veins of quartz and/or carbonate appear to be

a very minor component of the deposit. What is debateable at Berenguela is whether or

not, or to what extent supergene processes played a role in the formation of the deposit.

More specifically, is the extensive development of manganese oxides the result of the

surface oxidation of hypogene manganiferous carbonates (manganocalcite and/or

rhodochrosite) which had replaced calcite and dolomite adjacent to fractures in the

precursor limestone and where silver, copper and zinc were deposited as sulphides

synchronous with or subsequent to the Mn-carbonate replacement event? Or are the

Mn- and Fe-oxides the direct metasomatic products of a hydrothermal system marked by

strongly oxidized fluids enriched in Ag, Cu and to lesser degrees Ba and zinc? (Burk,

2005)

In Peru, silver-enriched base metal deposits (Cu, Pb-Zn, Cu-Pb-Zn) of the metasomatic

or replacement type have been exploited by some of the country’s most important

mines, including those at Hualgayoc, Antamina, Huanzala, Raura, Cerro de Pasco,

Morococha, Casapalca, and Yauricocha, with all of these mines being located in the

northern half of the country. In southern Peru, porphyry copper and epithermal precious

metal lode deposits are the dominant deposit types. Based on what is presently known

at Berenguela, the deposit is more comparable with the metasomatic base metal

deposits of northern Peru than the precious metal deposits in the south. (Burk, 2005)

Perhaps the closest deposit analogy to Berenguela is found in some of the silver-rich

supergene ore bodies of the Uchucchacua Ag-Mn-Pb-Zn mining camp located in the

Western Cordillera of Central Peru. Hosted by folded and faulted Cretaceous

limestones of the Jumasha Formation, these particular ore bodies represent the oxidized

equivalents of structurally controlled, replacement ore bodies in which the hypogene

mineralization consisted of a complex assemblage of anhydrous Mn-Fe-Ca silicates (Mn

olivine, rhodonite, bustamite) partially replaced by Zn-Mn-Fe, Cu-Fe and Pb sulphides

(wurzite, alabandite, galena, pyrite) and carbonates (manganocalcite, rhodochrosite) that

Page 22: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 19

Technical Report on the Berenguela Property, Peru October 26, 2005

together were overprinted by late stage Ag-Mn sulfosalts and sulphides (pyargyrite,

uchucchacuaite). Supergene oxidation of the manganiferous replacement mineralization

produced ore bodies’ rich in goethite, various Mn oxides and minor amounts of Pb

carbonates. These ore bodies extended 30 to 150 meters from surface and were mined

early on by indigenous people and colonial miners. (Bussel et al., 1990) The abundant

Mn oxides and goethite at Berenguela appear to be comparable to the supergene

assemblage at Uchucchacua, while the secondary copper minerals at Berenguela

(malachite, azurite, chrysocolla) could be exchanged for the Pb carbonates at

Uchucchacua. (Burk, 2005)

Since few drill holes completed at Berenguela are longer than 150 m, there are few

accounts of hypogene, sulphide-rich mineralization. However, this is not to say that

such mineralization does not exist in altered limestones at greater depths. (Burk, 2005)

Considering that the replacement-type ore bodies at Uchucchacua have vertical extents

of up to 300 meters, one could presume that good exploration potential still exists at

Berenguela for the discovery of hypogene Ag-Cu-Mn mineralization at depths of 150

meters or greater. A possible indication of additional and extensive metasomatic

alteration at depth is represented by the thick gypsum zone that has been intersected by

several of the deeper holes in the deposit. (Strathern, 1969) While this gypsum may be

of sedimentary origin, it could also be explained as forming a well-developed zone of

sulphate alteration (perhaps originally occurring as anhydrite) that is related to a high-

level intrusion which exsolved a large volume of sulphur-rich fluids and/or vapour. (Burk,

2005)

Page 23: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 20

Technical Report on the Berenguela Property, Peru October 26, 2005

MINERALIZATION AND ALTERATION

Limited mineralogical data for the manganiferous Ag-Cu mineralization at Berenguela

was available to the author. Based on the drilling and ore mineralogy studies done by

Asarco in the 1960’s, four main types of mineralization were identified (Strathern, 1969):

1. Yellow, orange and red altered limestone comprising 50% Mn oxides by volume along with hydrated Fe oxides.

2. Brown, hard manganiferous rock with high dolomite content but of comparatively low Ag and Cu contents.

3. Yellow, friable, clay-rich altered carbonate with less than 50% Mn oxides by volume and having relatively high Ag contents. Referred to as panizo by early miners.

4. Yellow, friable material with minor manganese and less than 1% combined metals; this represents the low grade mineralized material throughout the mine.”

According to Fletcher et al. (1989), the main manganese minerals in the metasomatised

limestones include the oxides cryptomelane, todorokite, psilomelane, pyrolusite, and

chalcophanite, together with a variety of hydrated iron oxides. In addition to the

manganiferous replacement-style mineralization, Fletcher et al. (1989) also describe a

paragenetically late, vein-style mineralization that consists of vuggy calcite-jasper veins

hosting minor amounts of malachite, azurite, covellite, chrysocolla, chalcopyrite, pyrite

and native silver.

To help understand the nature of the mineralization at Berenguela, a statistical analysis

was done of 13,318 rock samples collected by Silver Standard from the reverse

circulation drill holes that the company completed in 2004 and 2005. This analysis

shows that in addition to silver and copper, the manganiferous replacement

mineralization is also enriched in zinc and barium. The mean values for these elements

were calculated to be 2,811 ppm Zn and 2,549 ppm Ba. In addition, when correlation

coefficients were calculated for the elements Mn, Ag, Cu, Zn and Ba, it was found that

the closest element association exists between Mn, Cu and Ba (correlation coefficients

of 0.556 for Mn:Cu and 0.511 for Mn:Ba). While the close spatial relationship between

Mn, Cu and Ba may be interpreted as clear evidence that these three elements were

introduced into the limestone host rocks from the same hydrothermal fluids, an

alternative explanation lies in the fact that manganese oxides have a strong capacity to

absorb Cu and Ba ions from simple meteoric fluids, which if this is the case implies that

copper and possibly even barium may have been introduced into the carbonate rocks

Page 24: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 21

Technical Report on the Berenguela Property, Peru October 26, 2005

that already were replaced to varying degrees by Mn- and Fe-oxides. Another

interesting finding from the statistical analysis is the close association shown by copper

and zinc, as indicated by the correlation coefficient of 0.326, a value that is very similar

to the coefficient for the Ag:Cu element pair. This data, when considered together with

the data set’s average values for Pb, Sb and As, suggests that the hypogene silver

mineralization at Berenguela was likely associated with the base metal sulphides

chalcopyrite and sphalerite, as opposed to silver sulfosalt minerals with high Pb, Sb

and/or As contents. (Burk, 2005)

EXPLORATION

The Berenguela Property has been explored since Colonial times with the most active

period from 1906 to 1970 by the Lampa Mining Company, and then ASARCO, Cerro de

Pasco and Charter Consolidated Mining conducted exploration. KCA conducted a bulk-

sampling program after the purchase of the property in 1995. The historic exploration is

summarized in the history section of this report.

Silver Standard conducted a 2-phase exploration program at Berenguela starting in

October of 2004; the exploration consisted mainly of drilling with the drilling completed in

July of 2005. The exploration program entailed mainly reverse circulation drilling with

some surface mapping and limited surface sampling. Silver Standard completed 222

reverse circulation drill holes for 18,972 metres. Using this drill data Silver Standard

contracted the author to complete a resource estimate and this 43-101.

DRILLING

The first reported drilling was completed in 1965 to 1966 by ASARCO. The ASARCO

drill program consisted of 52 diamond drill holes for 3,241.6 metres. Drill logs and data

is available from this program.

Charter Consolidated Mining conducted a drill program in 1969. Charter completed 56

diamond drill holes for 3,386 metres. Assays and drill program summaries are available

for this work but no drill logs. (Kappes, Cassiday & Associates: Berenguela.com)

Silver Standard completed the largest and most comprehensive drill program to date on

the Berenguela Property. Silver Standard delineated the Berenguela Deposit with 222

Page 25: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 22

Technical Report on the Berenguela Property, Peru October 26, 2005

drill holes containing 18,972 metres of reverse circulation drilling; drill hole locations are

shown on Figure 6. The objective of the drill program was to delineate the deposit for

resource estimation. The deposit was drilled off on a regular grid pattern. The drill

program expanded the areas of known mineralization to the east and subsequently the

resource of the deposit. True thickness of the mineralization is not known because of

the folded and faulted nature of the ore body.

SAMPLING METHOD AND APPROACH

Silver Standard, during the 2004 and 2005 RC drill programs sampled the drill holes on

one-metre intervals. RC drill samples were collected at the drill site by the drill crews.

The RC drill holes were sampled from collar to total depth. Sampling intervals were

dependent on the drilling equipment selected, the density of samples required and not

based on geological controls or other features of the zone of interest.

The RC drill crews collected 18,476 samples and 1,035 sample duplicates for a total of

19,511 samples. The drill holes were laid out on a 50-metre pattern to cover the known

areas of mineralization and test the limits of mineralization. As is normal with RC drilling

there were occasional samples that were not recovered, however, sample recoveries are

98.6 percent for the whole drill program.

SAMPLE PREPARATION, ANALYSIS AND SECURITY

Surface samples collected by the author were personally delivered to Chemex labs in

Lima, Peru. The samples were at all times in the presence of the author. Samples

submitted by the author were prepared by standard procedures (PREP-31). The

samples were analyzed for silver, copper and manganese by Atomic Absorption (AA62b)

using a 30-gram split.

Samples from the drill program were prepared using the following procedure: The RC

Drill crews collected the samples and the samples were split 3 times, using a Jones

Splitter, down to 1/8th size. The sample size ranges from approximately 2 to 10

kilograms. Approximately every 40th sample had a second, field duplicate sample

collected. The samples were tagged with the hole number and depth and then sent to

the warehouse for further preparation were Silver Standard Peru personnel prepared the

Page 26: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 23

Technical Report on the Berenguela Property, Peru October 26, 2005

samples for shipment to the assay lab. All samples were stored in the company

warehouse in Santa Lucia and samples were dried in the warehouse as required. The

samples were prepared and tagged for shipment to the assay lab and blanks and

standards were inserted into the sample stream at a rate of approximately one sample in

40 for blanks and two in 40 for standards. Three different standards were utilized in the

program. Periodically Silver Standard Peru staff would deliver the samples to the ALS

Chemex Labs depot in Arequipa and the samples were shipped to Lima, Peru for

preparation. The assay pulps were shipped to ALS Chemex Labs in North Vancouver

for analysis.

The Samples were prepared using a standard sample preparation (PREP-31) to produce

a 250-gram pulp. The analyses performed were four acid “near total” digestion with a 27

element ICP analysis (ME-ICP61). Samples over the maximum for silver, copper or

manganese we reanalyzed using Atomic Absorption (AA62b) and very high silver

samples were analyzed using a fire assay procedure with a gravimetric finish (Ag-

GRA21).

ALS-Chemex's Peruvian laboratory and their Vancouver laboratory are ISO 9001:2000

certified. ISO 9001:2000 certification is a quality assurance model ensuring

organizations develop a quality system. The official International Organization for

Standardization (ISO) and an explanation of the ISO 9000 group of standards can be

found at http://www.iso.org/iso/en/iso900-14000/index.html. A copy of this certification is

also located in Appendix 3.

Silver Standard employed a comprehensive Quality Control/Quality Assurance (QA/QC)

program during the drill program on Berenguela. The program included: standards,

blanks, field duplicates and outside lab check assays as described above with the

sampling procedures. Following the drill program, the author compiled the QA/QC data

for the 2004 and 2005 drill programs and completed a summary of the QA/QC program

results. The QA/QC summary contains recommendations for the improvement of

QA/QC results, which included checking for Standard Reference Material (SRM) failures

and contaminated blanks and follow up with corrective action. Other recommendations

were to improve sample handling so as to reduce labelling errors.

Page 27: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 24

Technical Report on the Berenguela Property, Peru October 26, 2005

The author is of the opinion that the sampling, sample preparations, security and

analytical procedures are all consistent with industry standard practice. During the site

visit, the first phase of the drill program was under way. The author examined the full

sample handling process and preparation and felt there were no obvious problems.

DATA VERIFICATION

Data verification included surface samples to confirm the mineralization at Berenguela.

The author collected four randomly located surface grab samples (BER-01 to BER-04)

from the property. Each sample location was surveyed with a GPS. Samples were

taken over an area of approximately 1 square meter. Approximately 2 kilograms of

material was taken from each sample site. The four samples were taken to represent

different areas of the Berenguela Deposit. The results of these samples are listed in

Table 3 and the locations of the author’s surface samples are show on Figure 6.

Table 3: Samples Results from the 2004 Property Visit. Sample Ag (ppm) Cu (%) Mn (%) BER-01 50 0.52 38.93 BER-02 42 0.94 20.11 BER-03 445 1.78 17.19 BER-04 91 0.18 21.78

Page 28: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

8,269,000N

331,

600E

8,268,600N

BERENGUELA PROJECT

Sample Locations

S i l v e r S t a n d a r dR E S O U R C E S I N C.

Puno, Peru

332,

000E

332,

400E

8,268,200N 332,

400E

332,

000E

331,

600E

8,268,600N

8,269,000N

500 100 150

METRES

E

N

S

W

Shaft

Adit

Historic Drill Holes

Road

Waste Dump

Cut, PitLEGEND

Drill Hole Plan With

332,

800E

332,

800E

BER-56

BER-57

BER-2

BER-1

BER-17

BER-18

BER-19

BER-20

BER-21

BER-22

BER-29

BER-30

BER-4

BER-3

BER-14

BER-15

BER-16

BER-24

BER-25

BER-23

BER-28

BER-32

BER-7

BER-13

BER-6

BER-11BER-8

BER-10

BER-27

BER-26

BER-5

BER-12

BER-9

BER-35

BER-34

BER-33

BER-44

BER-43

BER-42

BER-55

BER-54

BER-51

BER-52

BER-53

BER-36

BER-37

BER-38

BER-50

BER-49

BER-48

BER-47

BER-46

BER-45

BER-41

BER-39

BER-31

BER-40

2004 - 05 Completed Drill Hole

BURTON

BLOCK

EXTENSION

EXTENSION

WEST BLOCK

CERRO BLOCK

CHAPI BLOCK

BER-100

BER-101

BER-102

BER-103

BER-104

BER-105

BER-106

BER-107

BER-108

BER-109

BER-110

BER-111

BER-112

BER-113

BER-114

BER-115

BER-58

BER-59

BER-60

BER-61

BER-62

BER-63

BER-65

BER-64

BER-66

BER-67

BER-68

BER-69

BER-70

BER-71

BER-72

BER-73

BER-74

BER-76

BER-75

BER-78

BER-77

BER-79

BER-80

BER-81

BER-82

BER-83

BER-84

BER-85

BER-86

BER-87

BER-88

BER-89

BER-90

BER-91

BER-92

BER-93

BER-94

BER-96

BER-95BER-98

BER-97BER-99

BER-116

BER-117

BER-118

BER-119

BER-120

BER-121

BER-122

BER-123

BER-124

BER-125

BER-126

BER-127

BER-128

BER-129

BER-130

BER-131

BER-132BER-133

BER-134

BER-135

BER-136

BER-137

BER-138

BER-139

BER-140

BER-141

BER-142

BER-143

BER-144

BER-145

BER-146

BER-147

BER-148

BER-149

BER-150

BER-151

BER-152

BER-153

BER-155

BER-154

BER-156

BER-157

BER-158

BER-159

BER-160

BER-161

BER-164

BER-165

BER-162

BER-163

BER-166

BER-167

BER-168

BER-169

BER-170

BER-171

BER-172

BER-173

BER-174

BER-175

BER-176BER-177

BER-178

BER-179

BER-180

BER-181

BER-182

BER-183

BER-184

BER-185

BER-186

BER-187

BER-188

BER-189

BER-190

BER-191

BER-192

BER-193

BER-194

BER-195

BER-196

BER-198

BER-197BER-199

BER-200

BER-202

BER-201

BER-203

BER-204

BER-207

BER-206

BER-205

BER-208

BER-209

BER-210

BER-211BER-212

BER-213

BER-214

BER-215

BER-216

BER-217

BER-218

BER-219

BER-221

BER-220

BER-222

Ber-1

Ber-4

Ber-3

4451.78

5.6817.19

Sample Location

Ag ppmCu %Fe %Mn%

8,268,200N

Ber-3

4451.78

5.6817.19

21.787.950.1891

38.938.890.52

50

20.117.380.94

42

Ber-2

Figure: 6

Page 29: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 26

Technical Report on the Berenguela Property, Peru October 26, 2005

MINERAL PROCESSING AND METALLURGICAL TESTING

Kappes, Cassiday & Associates, after purchasing Berenguela collected bulk samples and carried out metallurgical testing at their Reno facilities. KCA describe the test work as follows:

“Historically (from 1905 to 1965) the ore was processed by direct smelting to produce a copper-silver matte, which was then sold to Southern Peru Copper Corporation. This process would be marginally economic in today’s market. In the 1960’s, Asarco and Charter considered a roast/ segregation process (the “Torco” process), but this process also has inherent high capital and operating costs, and also recovers only silver and copper. Since the 1960’s, markets for specialty manganese products have developed that make a recovery of this metal economically important. KCA has directed its work towards developing a wet chemical leach process for recovery of manganese along with the copper and silver. Once manganese recovery is included, costs and revenues both increase to the point where manganese becomes the most important economic constituent. The proposed flow sheet is presented below. The ore will be ground, pumped into agitated tanks in slurry form, and leached with sulfuric acid and sulfur dioxide. The pregnant solution will be separated from the solids and clarified. From this solution, copper will be recovered by the standard solvent extraction electrowinning (SX-EW) process, or alternatively by simple crystallization to produce copper sulfate. The copper-free solution will be purified and sent to a manganese electrowinning section where manganese dioxide will be produced. A portion of the depleted solution will be sent to evaporation ponds, and then to a crystallizer, to produce manganese sulfate (which is extensively used as a fertilizer). Solids from the initial acid leach will be subject to a normal cyanide leach process where silver will be dissolved, precipitated on zinc dust, and refined to bullion. All of the process steps, are currently in commercial use in EMD production plants elsewhere in the world. The individual steps of the process have been tested on the bulk ore sample at KCA’s Reno facility. Recovery routinely exceeds 90% for all three metals. For economic evaluation purposes, recovery is targeted at 80% for manganese, and 85% for silver and copper. Final process development work is planned as part of the design/cost study, including the establishment of a demonstration/pilot plant. Consulting manganese production specialists have been retained to advise on the project concepts, and they will continue to be involved throughout the process development stages.”

The KCA flow sheet is Figure 7. (Kappes, Cassiday & Associates: Berenguela.com)

Page 30: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

BERENGUELA PROJECT

Berenguela GeneralizedProcess Flow Sheet

Figure: 7DATE: Oct. 2005

S i l v e r S t a n d a r dR E S O U R C E S I N C.

Puno, Peru

SCALE: AS SHOWN

Page 31: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 28

Technical Report on the Berenguela Property, Peru October 26, 2005

MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

The Berenguela deposit has seen exploited since Colonial times with active mining from

1905 to 1965. The property has a historic reserve estimate as described in the history

section of this report. Limited geologic data from the drill programs was available to the

author for the completion of the resource estimate, but sectional interpretations of the

mineralized zone were completed and used to constrain the block model for the

Berenguela Project.

Database

The author received a drill hole database from Silver Standard in Gemcom. The

database contained all the available data for the 222 RC drill holes completed on the

property. The author checked the validity of the database and made corrections as

required from the original compiled data. The database contains the surveyed drill

collars for the 222 RC drill holes completed by Silver Standard in 2004 to 2005.

The database contains 18,476 assays for silver, copper and manganese (below

detection limit samples were entered as half detection limit). The RC drill holes were all

sampled on 1-metre intervals from collar to total depth. The 1-meter samples were

displayed on drill hole sections and the sections were used to domain the mineralization

on the Berenguela Property.

Solid Modeling

The mineralized zone on the property is bowl shaped and elongated in an east west

direction. North south sections for the entire property were created to domain the

mineralization. The sectional interpretations were entered into Gemcom as 3D polylines.

The polylines were stitched together to produce 3D solid body models, or grade shells

for the mineralized zones. The solid model was used to code the rock type model in the

block model, control the interpolation and to filter the composites for statistics and

geostatistics.

Page 32: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 29

Technical Report on the Berenguela Property, Peru October 26, 2005

Compositing, Statistics and Geostatistics

The 1-metre samples were composited into 2-metre composites for resource modeling

and grade interpolation. Compositing produced 9400 2-metre composites. The solid

model was used to code the composites as being from within the ore zone or the

background domain. Filtering left 6233 composites in the domain for interpolation and

variogram modeling.

The composites for silver produced a lognormal histogram with a near normal

distribution, a mean of 103 ppm Ag, a standard deviation of 179.2 and a coefficient of

variation of 1.79. The composited population has no noticeable skew. The log

probability plot is near linear and all composites appear to be in a single population.

The composites for copper also produced a lognormal histogram with a negatively

skewed distribution. The population has a low-grade tail. The mean is 0.82 Cu%, the

standard deviation is 0.76 and the coefficient of variation is 0.92. The log probability plot

is curved reflecting the low-grade tail.

The composites for manganese produced a lognormal histogram with a strong positive

skew to the distribution. The population has a high grade skew similar to iron deposits.

The mean is 7.68 Mn%, the standard deviation is 8.04 and the coefficient of variation is

1.05. The log probability plot is very linear reflecting a consistent population.

The 2-metre composites for silver, copper and manganese were imported into Isaaks’

Sage software for Variogram analysis. The variograms were modelled with exponential

structures. All metals exhibited low nuggets in the 5 to 10% range and reasonable

search ranges. The results of the variogram analysis are in Appendix 2.

Block Model

A 3D whole block model was laid out to cover the mineralization on the Berenguela

Property and to allow room for pit optimizations during later analyses of the project.

Block model parameters are summarized in Table 4.

Page 33: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 30

Technical Report on the Berenguela Property, Peru October 26, 2005

Table 4: Block Model Parameters Co-ordinates Origin Block Size

Axis Direction

Actual Orientation

Axis Axis Nomenclature

Co-ordinates Metres Number of

Blocks

“Easting” “Northing” “Elevation”

90o 0o

Vertical

X Y Z

Column Row Level

331350 8268150

4300

5 5 5

330 190 60

The solid models were used to code the rock type model and control the interpolation.

The block model was coded for air (above topography), background and for the

mineralized zone by coding blocks using a 50% threshold. Blocks with more then 50%

of the block inside the solid were given the code of the solid. During the interpolation of

the model, the background zone was not interpolated and the ore zone was not allowed

to use data points from the background zone.

The block model was interpolated using inverse distance squared where a minimum of

four composites was required to interpolate a block with a maximum of 16 composites.

The interpolation was required to use data from two drill holes to interpolate grade into a

block.

Grade Capping

Grades were capped for the Berenguela resource. Capping was based on histograms,

probability plots and the coefficient of variation. Silver grades were capped at 2000 ppm

Ag, copper grades were capped at 4.5 Cu% and manganese grades were capped at 35

Mn%. The assays were capped and then the composites were created.

Capping of silver at 2000 ppm Ag is equivalent to the 99.6 percentile; capping of copper

at 4.5 Cu% is equivalent to the 99.4 percentile and capping the manganese at 35 Mn%

is equivalent to the 99.4 percentile. These capping levels are consistent with industry

standard practice.

Classification

The model was classified as indicated and inferred based on distance. No measured

category was defined because of no geologic model and a lack of surface trenches.

Only blocks inside the grade shell were classified. All other blocks were not interpolated

Page 34: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 31

Technical Report on the Berenguela Property, Peru October 26, 2005

or classified. The table below contains a summary of the resource model. Blocks were

classified as follows: an indicated range of 0 to 25 metres and inferred range of 25 to 60

metres. Blocks outside these ranges are not reported. Resources are reported in Table

5. Detailed resource tables are included in Appendix 1.

Table 5: Berenguela Resource Summary, Using a Cut 50 Gram per Tonne Silver Cut-off

Category Tonnes (Millions)

Silver Grade (g/t)

Copper Grade (%)

Manganese Grade

(%)

Silver (millions of

ounces)

Indicated 15.6 132.0 0.92 8.8 66.1

Inferred 6.0 111.7 0.74 6.5 21.6

The stated resources are not materially affected by any known environmental,

permitting, legal, title, taxation, socio-economic, marketing, political or other relevant

issues, unless stated in this report, to the best knowledge of the author.

There are no known mining, metallurgical, infrastructure, or other factors that materially

affect this resource.

INTERPRETATION AND CONCLUSIONS

The Berenguela Property contains a large potentially exploitable resource of silver and

copper. The objective of the exploration program was to delineate and possibly expand

the resource at Berenguela. The property is now ready for advancement towards

production.

RECOMMENDATIONS

Although the property has seen extensive drilling, a smaller follow up exploration

program is recommended. The program will include further drilling and petrographic

studies. The program is estimated at $300,000 US for the Berenguela Property. It

should include:

1. A further 2000 metres of RC drilling to define edges of the deposit and one

surface target;

Page 35: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 32

Technical Report on the Berenguela Property, Peru October 26, 2005

2. Petrographic studies of the ore zone at Berenguela to better understand the

mineralization and genesis of the deposit;

3. Improvements to the QA/QC program which include: checking for Standard

Reference Material (SRM) failures and contaminated blanks and follow up with

corrective action;

Budget

2000 metre drill program $250,000 Petrographic study $10,000 Assays $40,000 Total $300,000 The Berenguela Property is a property of merit and the above listed exploration

expenditures are warranted. The exploration program will potentially expand the known

resources on the property and further the development of this property.

Page 36: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 33

Technical Report on the Berenguela Property, Peru October 26, 2005

REFERENCES

Boggio, M. S., 1986, Peru: a Mining Country, Volume 4, Section Ore Deposits, Laboratorios Sevilla, Lima Peru, p. 1 - 1547 Burk, Ron, 2005, Personal communication, Silver Standard Resources Inc. Bussel, M.A., Apers, C.A., Petersen, U., Shepherd, T.J., Bermudez, C. and Baxter, A.N., 1990, The Ag-Mn-Pb-Zn vein, replacement, and skarn deposits of Uchucchacua, Peru; studies of structure, mineralogy, metal zoning, Sr isotopes, and fluid inclusions: Economic Geology, vol. 85, p 1348-1383. Candiotti, H., and Castilla, F., 1983, Génesis del yacimiento de Cu y Ag, Berenguela, Lampa, Puno: Sociedad Geológica del Perú Bol., No. 71, p 69-78. Clark, A.H., Johnson, P.L., and Wasteneys, H.A., 1986, Phreatic breccias associated with epithermal silver deposits, southern Peru: Petrology, time-space relationships and implications for exploration: Terra Cognita, v. 6, p. 495. Clark, A.H., Farrar, E., Kontak, D.J., Langridge, R.J., Arenas F., M.J., France, L.J., McBride, S.L., Woodman, P.L., Wasteneys, H.A., Sandeman, H.A. and Archibald, D.A., 1990, Geologic and Geochronologic Constraints on the Metallogenic Evolution of the Andes of Southern Peru: Economic Geology, vol. 85, p 1520-1583. Fletcher, C.J.N., Hawkins, M.P., and Tejada, R., 1989, Structural control and genesis of polymetallic deposits in the Altiplano and Western Cordillera of southern Peru: Journal of South American Earth Sciences, v. 2, p. 64-71. Grisolle Fontana, D., Portaro Camet, J.P., 2004, Estudio: private study commissioned by Silver Standard Resources Inc. with Aurelio Garcia Sayan, Abogados, 12 p. Klinck, B.A., Ellison, R.A., and Hawkins, M.P., compilers, 1986, The Geology of the Cordillera Occidental and Altiplano west of Lake Titicaca, southern Peru: Lima, Peru, British Geol. Survey Inst. Geológico Minero Metalúrgico, 353p. Medina, A., Palacios, O., De La Cruz, J., De La Cruz, N., Klinck, B.A., Allson, R.A., Hawkins, M.P., 1993, Geologia de la Cordillera Occidental Y Altiplano al Oeste del Lage Titicaca - Sur del Peru: Boletin No. 42, Serie A: Carta Geologica Nacional, Republica Del Peru, Sector Energia Y Minas, Instituto Geologico Minero Y Metalurgico, 257p.

Page 37: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Standard Resources Inc. 34

Technical Report on the Berenguela Property, Peru October 26, 2005

STATEMENT OF QUALIFICATIONS

I, James A. McCrea, am a Professional Geoscientist residing at 306 - 10743 139th

Street, Surrey, British Columbia do state that:

• I have a B.Sc. In Geology from the University of Alberta, 1988.

• I have been working as a geologist continuously since graduation, for the past 17

years.

• I am a Registered Professional Geoscientist (P.Geo.), Practising, with the

Association of Professional Engineers and Geoscientists of British Columbia.

(Licence # 21450)

• I am a “qualified person” for the purposes of NI 43-101.

• I have visited the Berenguela Property on December 7th & 8th, 2004.

• I am responsible for all sections of the report titled Technical Report on The

Berenguela Property.

• I am not aware of any material fact or material change related to this report that is

not reflected in the technical report.

• I am an independent consultant with no promised or implied affiliation with Silver

Standard Resources Inc. subject to the tests set out in section 1.5 of NI 43-101.

• I have had no prior involvement with the Berenguela Property before I visited it in

December of 2004.

• I have read National Instrument 43-101 and Form 43-101F1 and the technical report

has been prepared in compliance with this Instrument and Form 43-101F1.

October 26, 2005

James A. McCrea, B.Sc., P.Geo.

APEGBC Licence # 21450

Page 38: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Appendix 1

Resources Tables

Page 39: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Berenguela Resource, August 2005

Cut-off Tonnage Ag Cu MnAg PPM T (000) PPM % %

Indicated Resources - All Zones80 9227.902 179.22 1.026 10.3370 10869.856 163.44 0.995 9.8860 12953.542 147.57 0.962 9.3850 15570.555 131.98 0.924 8.8240 18515.842 118.13 0.883 8.28

Inferred Resources - All Zones80 3336.671 150.87 0.789 7.4270 4007.355 138.13 0.777 7.2060 4871.860 125.10 0.762 6.9250 6019.128 111.69 0.740 6.5140 7336.360 99.72 0.716 6.17

Total Resources - All Zones80 12564.573 171.69 0.963 9.5670 14877.211 156.62 0.936 9.1660 17825.402 141.43 0.907 8.7150 21589.683 126.32 0.873 8.1840 25852.202 112.91 0.836 7.68

Cut-off Tonnage Ag Cu MnAg PPM T (000) PPM % %

Indicated Resources - West Zone80 3373.440 205.36 1.071 11.2970 3794.975 190.87 1.026 10.8160 4280.603 176.59 0.980 10.3050 4751.691 164.53 0.935 9.7840 5148.551 155.33 0.895 9.33

Inferred Resources - West Zone80 516.696 189.19 1.001 10.8570 584.113 175.98 0.962 10.5060 661.855 162.94 0.916 9.9450 740.219 151.55 0.874 9.4340 794.398 144.34 0.844 9.11

Total Resources - West Zone80 3890.136 203.21 1.062 11.2370 4379.088 188.88 1.017 10.7760 4942.458 174.76 0.971 10.2550 5491.910 162.78 0.927 9.7340 5942.949 153.86 0.888 9.30

Page 40: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Cut-off Tonnage Ag Cu MnAg PPM T (000) PPM % %

Indicated Resources - Cerro Zone80 3677.666 167.96 1.120 11.5270 4398.577 152.68 1.094 11.1560 5296.980 137.77 1.066 10.7250 6481.446 122.59 1.030 10.2240 7871.637 108.88 0.987 9.74

Inferred Resources - Cerro Zone80 866.617 141.90 0.934 9.4070 1087.084 128.28 0.914 9.0660 1370.171 115.15 0.896 8.7150 1719.047 102.90 0.873 8.3440 2131.936 91.66 0.847 8.04

Total Resources - Cerro Zone80 4544.283 162.99 1.085 11.1270 5485.661 147.84 1.058 10.7460 6667.151 133.12 1.031 10.3150 8200.493 118.46 0.997 9.8340 10003.573 105.21 0.957 9.38

Cut-off Tonnage Ag Cu MnAg PPM T (000) PPM % %

Indicated Resources - Burton Zone80 1295.130 154.48 0.874 4.8770 1634.242 137.93 0.865 4.7760 2114.631 121.28 0.845 4.5850 2849.211 104.11 0.807 4.2840 3758.416 89.78 0.764 3.98

Inferred Resources - Burton Zone80 1224.921 139.71 0.682 3.7370 1467.768 128.96 0.686 3.6860 1794.212 117.26 0.678 3.5950 2324.324 102.99 0.657 3.4240 2961.244 90.53 0.633 3.30

Total Resources - Burton Zone80 2520.051 147.30 0.781 4.3270 3102.010 133.69 0.780 4.2560 3908.843 119.43 0.768 4.1350 5173.535 103.61 0.740 3.8940 6719.660 90.11 0.706 3.68

Page 41: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Cut-off Tonnage Ag Cu MnAg PPM T (000) PPM % %

Indicated Resources - Chapi Zone80 881.665 162.51 0.684 9.6570 1042.062 148.99 0.669 9.1660 1261.328 134.37 0.662 8.6650 1488.207 122.26 0.650 8.2940 1737.239 111.16 0.638 7.86

Inferred Resources - Chapi Zone80 728.438 153.14 0.646 8.8470 868.390 140.48 0.636 8.6260 1045.621 127.61 0.630 8.3550 1235.537 116.42 0.629 8.0140 1448.782 105.91 0.623 7.65

Total Resources - Chapi Zone80 1610.103 158.27 0.667 9.2870 1910.452 145.12 0.654 8.9160 2306.949 131.31 0.647 8.5250 2723.744 119.61 0.640 8.1640 3186.021 108.77 0.631 7.76

Page 42: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Appendix 2

Variograms

Page 43: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

10 20 30 40 500.00

0.25

0.50

0.75

1.00

1.25

1.50

Lag Distance (h)

Gam

ma

(h)

9094

8855

8629

8407

8191

7970

77557545

7327

7107

68886673

64586241

60325821

56135405

5199 49974800

4603

4409

Azim. Dip.0 .0

.0 .0 (cf)

Silver Composites, 2 metre, Down HoleGamma(h)= .1 + .743Exp14.3(h) + .157Exp88(h)

Page 44: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Nugget ==> 0.100 C1 ==> 0.694 C2 ==> 0.206

First Structure -- Exponential with Practical Range

User Defined Rotation Conventions

RH Rotation about the Z axis ==> -10RH Rotation about the Y’ axis ==> 62RH Rotation about the Z’ axis ==> 50Range along the Z’ axis ==> 81.2 Azimuth ==> 100 Dip ==> 28Range along the Y’ axis ==> 14.4 Azimuth ==> 341 Dip ==> 42Range along the X’ axis ==> 7.3 Azimuth ==> 32 Dip ==> -35

Second Structure -- Exponential with Practical Range

RH Rotation about the Z axis ==> -22RH Rotation about the Y’ axis ==> -108RH Rotation about the Z’ axis ==> 30Range along the Z’ axis ==> 897.1 Azimuth ==> 292 Dip ==> -18Range along the Y’ axis ==> 75.6 Azimuth ==> 32 Dip ==> -29Range along the X’ axis ==> 49.4 Azimuth ==> 355 Dip ==> 56

Modeling Criteria

Minimum number pairs req’d ==> 350Sample variogram points weighted by # pairs

Page 45: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Structure Number 1Rose Diagram of Ranges Dipping 0 DegreesScale:

80 Units

• • • • • ••••••••••••• • ••

•••••••••••••••

••••••••

•••••••

••••••

••• • • • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 46: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Structure Number 1Rose Diagram of Ranges Dipping 30 DegreesScale:

80 Units

• • • • •••••••••••••••••••••••••••••••••••••••••••••••••

••

•• • • • • • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 47: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Structure Number 1Rose Diagram of Ranges Dipping 60 DegreesScale:

80 Units

• • • • • •••••••••••••••••••••••••••••••••••••••••••••••••••

••• • • • • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 48: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Structure Number 2Rose Diagram of Ranges Dipping 0 DegreesScale:

300 Units

• • • • • • • • • • • • • • ••

••

••

•••••••••••••••••••••••••••••

••

••

• • • • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 49: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Structure Number 2Rose Diagram of Ranges Dipping 30 DegreesScale:

300 Units

• • • • • • • • • • • •••••••••

••

•••••••••••••••••••••••••••••••

••

•• •

• • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 50: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Structure Number 2Rose Diagram of Ranges Dipping 60 DegreesScale:

300 Units

• • • • • • • • • ••••••••••••••••••••••••••••••••••••••••••••

••••••••

•• • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 51: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Horizontal Slices Through the Ellipsoids

Reference Cube

X-Y Planes Looking Down

Isaaks & Co.Consultants in Spatial Statistics

ABC

N

bottom

topwest

east

C

bottom

topwest

east

B

bottom

topwest

east1188 units

A

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 52: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Cross Section Views Through the Ellipsoids

Reference Cube

X-Z Planes Looking North

Isaaks & Co.Consultants in Spatial Statistics

AB

C

N

bottom

top

west

east

C

bottom

top

west

east

B

bottom

top

west

east

1188 units

A

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 53: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Long Section Views Through the Ellipsoids

Reference Cube

Y-Z Planes Looking West

Isaaks & Co.Consultants in Spatial Statistics

CB

A

N

bottom

top

south

north

A

bottom

top

south

north

B

bottom

top

south

north

1188 units

C

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 54: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•1722

•25386

•50468

•23294

•20168

•7621

•4819

•1799

•1662

•1403 •3702

•3475

•4565 •5599

•4911

•2654 •1685

•762

AZIMUTH = 0 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.4(h) + 0.206 Exp66.4(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•871 •9829

•9675

•8587

•18317

•15924

•9010 •1916 •1229

•7679

•6948

•8871

•2614

•1605

•2648

•2694 •1389

•382

AZIMUTH = 30 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.5(h) + 0.206 Exp67.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•424 •1649

•29193

•29677

•6070 •18550

•1696

•8393

•6547

•1250 •14412

•1532 •6703

•8993 •1969

•7562 •1947

•3025

•3198

•1030

•762

•439

AZIMUTH = 60 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.0(h) + 0.206 Exp88.1(h)

Page 55: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•356

•2331

•69502 •4299

•40246

•4158

•23502

•2445

•12929

•561

•9009

•521 •7459

•8670

•9459

•8006•623

•7494•1029 •4181

•990

•2284

AZIMUTH = 90 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp16.0(h) + 0.206 Exp157.6(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•382 •2200

•49366

•10879

•27173

•15348 •11314

•16415

•3294

•18922

•2866

•19444 •1650

•15968

•2256

•12223

•3041 •3587•4632

•2300

•4918

•389

•2093

•1828

AZIMUTH = 120 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp24.9(h) + 0.206 Exp149.3(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•506 •4544

•7880

•37865

•19921 •2442

•5276

•11665

•2029

•1831

•5540

•1301

•1060

•670

•621

•1210

•1693

•611

•1252

•982

AZIMUTH = 150 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp13.7(h) + 0.206 Exp85.1(h)

Page 56: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•1722

•25386

•50468

•23294

•20168

•7621

•4819

•1799

•1662

•1403 •3702

•3475

•4565 •5599

•4911

•2654 •1685

•762

AZIMUTH = 180 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.4(h) + 0.206 Exp66.4(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•871 •9829

•9675

•8587

•18317

•15924

•9010 •1916 •1229

•7679

•6948

•8871

•2614

•1605

•2648

•2694 •1389

•382

AZIMUTH = 210 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.5(h) + 0.206 Exp67.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•424 •1649

•29193

•29677

•6070 •18550

•1696

•8393

•6547

•1250 •14412

•1532 •6703

•8993 •1969

•7562 •1947

•3025

•3198

•1030

•762

•439

AZIMUTH = 240 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.0(h) + 0.206 Exp88.1(h)

Page 57: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•356

•2331

•69502 •4299

•40246

•4158

•23502

•2445

•12929

•561

•9009

•521 •7459

•8670

•9459

•8006•623

•7494•1029 •4181

•990

•2284

AZIMUTH = 270 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp16.0(h) + 0.206 Exp157.6(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•382 •2200

•49366

•10879

•27173

•15348 •11314

•16415

•3294

•18922

•2866

•19444 •1650

•15968

•2256

•12223

•3041 •3587•4632

•2300

•4918

•389

•2093

•1828

AZIMUTH = 300 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp24.9(h) + 0.206 Exp149.3(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•506 •4544

•7880

•37865

•19921 •2442

•5276

•11665

•2029

•1831

•5540

•1301

•1060

•670

•621

•1210

•1693

•611

•1252

•982

AZIMUTH = 330 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp13.7(h) + 0.206 Exp85.1(h)

Page 58: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•1597

•25643

•43119

•22347

•14633

•5822

•1168

•497

•438

•840

•722

•435

AZIMUTH = 0 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.5(h) + 0.206 Exp76.9(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•870 •10757

•8761

•6695

•11796

•9381

•4033 •1090 •397

•2544

•2160 •3250 •486

AZIMUTH = 30 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp7.7(h) + 0.206 Exp73.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•455

•1842

•24438

•25744

•3776

•8708

•2488

•1344

•3492

•5280•1662

•907 •4958

•603

•618

•622

AZIMUTH = 60 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.6(h) + 0.206 Exp86.4(h)

Page 59: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•1934

•57800

•5313

•25975

•2488 •11470

•3058 •4571

•1453

•1461

•1639 •945 •929

•1091

AZIMUTH = 90 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.1(h) + 0.206 Exp107.3(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•359 •1899

•40148

•11962

•13338

•16072 •3117

•10552

•1092

•6557 •1137

•4521

•612 •2252•1171

•782 •512

AZIMUTH = 120 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp18.0(h) + 0.206 Exp91.5(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•521

•4475

•6071 •28018

•15109

•2173

•2988 •4525

•2371 •1478

•1172

•493

•538

AZIMUTH = 150 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.6(h) + 0.206 Exp67.5(h)

Page 60: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•1648

•24349

•42933

•22801

•13259

•5430

•2653

•1280

•838

•470

•496

•500

AZIMUTH = 180 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.8(h) + 0.206 Exp58.0(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•861 •9996

•9971 •6282

•14328

•11979

•6026

•1894 •918

•2150

•1026

•1246

•364

AZIMUTH = 210 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.1(h) + 0.206 Exp60.9(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•417

•1811

•26210

•31176

•5039

•17297

•3860

•5132

•4334

•1647

•2297

•540

AZIMUTH = 240 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.6(h) + 0.206 Exp81.9(h)

Page 61: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•366

•2112

•61800 •5559

•30629

•6253

•13964

•3942 •5113

•1662

•926

•877 •735

•1421 •1294•528

•946

•937

AZIMUTH = 270 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp25.4(h) + 0.206 Exp180.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•374

•2137

•44628•13689

•16069

•17583

•3681

•11250

•869

•4419

•475 •1355

•825

AZIMUTH = 300 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp31.1(h) + 0.206 Exp379.7(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•535

•4747

•7983

•29735

•17985

•2229

•2984

•2802

AZIMUTH = 330 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.5(h) + 0.206 Exp111.2(h)

Page 62: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•8361

•35319

•36394

•17017

•4487

•1844

AZIMUTH = 0 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.2(h) + 0.206 Exp84.8(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•3210

•16301

•10454

•4681

•2417

•1965

•639

AZIMUTH = 30 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp7.4(h) + 0.206 Exp75.7(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•576

•2255

•13373

•23545

•3413

•1365

•1070

•378

AZIMUTH = 60 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.0(h) + 0.206 Exp78.3(h)

Page 63: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•1647

•32919

•9078

•5106

•6420

•606

•1211 •417

AZIMUTH = 90 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.2(h) + 0.206 Exp79.5(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•384

•1840

•20514

•16852

•1534

•7271

•704 •816

•384

AZIMUTH = 120 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.1(h) + 0.206 Exp68.9(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•570

•4549

•4442

•13137

•9332 •2228

•406

AZIMUTH = 150 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.8(h) + 0.206 Exp57.4(h)

Page 64: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10782

•37637

•34628

•13932

•6621

•2390

•375

AZIMUTH = 180 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.7(h) + 0.206 Exp52.7(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•2246

•12509

•10701

•2415

•5409

•5738 •1344

AZIMUTH = 210 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.7(h) + 0.206 Exp56.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•417

•2238

•15299

•27687

•2998

•4293 •3156

•400 •727

AZIMUTH = 240 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp17.3(h) + 0.206 Exp72.6(h)

Page 65: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•1659

•37543

•11469

•7672

•7568

•1388

•2189

AZIMUTH = 270 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp50.6(h) + 0.206 Exp127.9(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•358

•1935

•25753

•18968

•2658

•10986•1362

•1108

•558

AZIMUTH = 300 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp25.9(h) + 0.206 Exp251.7(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•734

•5223

•5914

•16039

•12208 •2165

AZIMUTH = 330 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp11.5(h) + 0.206 Exp126.0(h)

Page 66: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•8818

•32800

•29177

•16383

•3328

•431

AZIMUTH = 0 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.2(h) + 0.206 Exp83.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•8279

•25988

•15813

•3305

•648

AZIMUTH = 30 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp7.4(h) + 0.206 Exp73.0(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•667

•3592

•4674 •10741

•4662

•646

AZIMUTH = 60 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp7.8(h) + 0.206 Exp69.3(h)

Page 67: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•363

•2274

•10070

•18039

•904

•482

•701

AZIMUTH = 90 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.4(h) + 0.206 Exp65.2(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•418

•2636

•5334

•14209

•1978 •631

AZIMUTH = 120 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.0(h) + 0.206 Exp58.3(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•3281

•10690

•4418 •2903

•4938

•1877

AZIMUTH = 150 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.1(h) + 0.206 Exp52.2(h)

Page 68: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•11272

•34896

•28341

•14464

•3795

•1021

AZIMUTH = 180 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.6(h) + 0.206 Exp50.0(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10633

•28721

•16524

•1717

•1131

•439

AZIMUTH = 210 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp16.0(h) + 0.206 Exp53.2(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•590

•3528

•4800

•13001

•5663

•387

AZIMUTH = 240 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp22.7(h) + 0.206 Exp64.7(h)

Page 69: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•2047

•11529

•21078

•692

•2287 •679

AZIMUTH = 270 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp36.3(h) + 0.206 Exp90.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•418

•2794

•7948

•17393

•2636

•731

•773

AZIMUTH = 300 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp18.7(h) + 0.206 Exp120.3(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•3107

•10826

•5879

•3632

•5764

•1526

AZIMUTH = 330 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.8(h) + 0.206 Exp105.7(h)

Page 70: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•8752

•30190

•20514

•8156

•1839

AZIMUTH = 0 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.6(h) + 0.206 Exp73.6(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•6383

•24360

•17218

•4815

•451

AZIMUTH = 30 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.0(h) + 0.206 Exp67.0(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•763

•7183

•3274 •2050 •1554

•558

AZIMUTH = 60 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp8.2(h) + 0.206 Exp62.3(h)

Page 71: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•548

•4278

•2045

•5266

•2694

AZIMUTH = 90 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.2(h) + 0.206 Exp58.0(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•782

•4920

•2533 •2098

•2302

AZIMUTH = 120 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.9(h) + 0.206 Exp53.7(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•2031

•11287

•8065

•1129

AZIMUTH = 150 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.9(h) + 0.206 Exp50.4(h)

Page 72: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10890

•31687

•20437

•7076 •2708 •758

AZIMUTH = 180 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.7(h) + 0.206 Exp49.6(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•8062

•26324

•18126

•3696

AZIMUTH = 210 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp17.0(h) + 0.206 Exp52.3(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•663

•6411

•4272

•1880

•2090

•677

AZIMUTH = 240 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp20.1(h) + 0.206 Exp59.3(h)

Page 73: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•574 •4011

•2865

•7582

•3567

AZIMUTH = 270 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp19.8(h) + 0.206 Exp70.7(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•775 •4668

•3338

•4170 •2966 •417

AZIMUTH = 300 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.4(h) + 0.206 Exp81.0(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•2051

•12762

•9969 •632

•468

•544

AZIMUTH = 330 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.5(h) + 0.206 Exp80.8(h)

Page 74: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•11513

•31826

•20483

•6104

•1133

•359

AZIMUTH = 0 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.5(h) + 0.206 Exp63.5(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•11177

•30993

•20195

•5844

•1159

AZIMUTH = 30 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.1(h) + 0.206 Exp60.8(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10883

•29325

•16011

•2120

AZIMUTH = 60 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.1(h) + 0.206 Exp57.9(h)

Page 75: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10729

•27776

•13596

•617

AZIMUTH = 90 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp9.7(h) + 0.206 Exp55.2(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10768

•27901

•14628

•1158

AZIMUTH = 120 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.6(h) + 0.206 Exp53.0(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10889

•29236

•18439

•3895

AZIMUTH = 150 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp11.8(h) + 0.206 Exp51.6(h)

Page 76: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•11389

•30001

•20116

•5628

•1093

AZIMUTH = 180 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp13.0(h) + 0.206 Exp51.6(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•11228

•29663

•20058

•5427

•1096

AZIMUTH = 210 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.0(h) + 0.206 Exp53.2(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10862

•28047

•16604

•1864

AZIMUTH = 240 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp14.5(h) + 0.206 Exp56.5(h)

Page 77: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10751

•26967

•14651 •800

AZIMUTH = 270 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp13.7(h) + 0.206 Exp60.7(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•10824

•27890

•16151

•1496

AZIMUTH = 300 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp12.1(h) + 0.206 Exp64.1(h)

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•11119

•30332

•20165

•3732

•400

AZIMUTH = 330 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp10.6(h) + 0.206 Exp65.0(h)

Page 78: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Silver Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 162.5 325.0 487.5 650.00

0.5

1.0

1.5

•11078

•30433

•23893

•6987

•1895

AZIMUTH = 0 DIP = -90

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.694 Exp11.0(h) + 0.206 Exp56.1(h)

Page 79: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

5 10 15 20 25 30 35 40 45 500.00

0.25

0.50

0.75

1.00

1.25

1.50

Lag Distance (h)

Gam

ma

(h)

5924

5672

5433

5203

4981

4768

4569

43784185

39983825

36613501

33453203

30642929

27942665

25332401

22782157

Azim. Dip.0 .0

.0 .0 (cf)

Copper Composites, 2 metre, in solid, Down HoleGamma(h)= .1 + .411Exp10.7(h) + .489Exp76(h)

Page 80: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Nugget ==> 0.100 C1 ==> 0.247 C2 ==> 0.653

First Structure -- Exponential with Practical Range

User Defined Rotation Conventions

RH Rotation about the Z axis ==> 6RH Rotation about the Y’ axis ==> -18RH Rotation about the Z’ axis ==> -71Range along the Z’ axis ==> 4.8 Azimuth ==> 264 Dip ==> 72Range along the Y’ axis ==> 23.8 Azimuth ==> 64 Dip ==> 17Range along the X’ axis ==> 18.4 Azimuth ==> 156 Dip ==> 6

Second Structure -- Exponential with Practical Range

RH Rotation about the Z axis ==> 63RH Rotation about the Y’ axis ==> -16RH Rotation about the Z’ axis ==> -76Range along the Z’ axis ==> 65.3 Azimuth ==> 207 Dip ==> 74Range along the Y’ axis ==> 50.0 Azimuth ==> 13 Dip ==> 15Range along the X’ axis ==> 148.4 Azimuth ==> 104 Dip ==> 4

Modeling Criteria

Minimum number pairs req’d ==> 350Sample variogram points weighted by # pairs

Page 81: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Structure Number 1Rose Diagram of Ranges Dipping 0 DegreesScale:

20 Units

• •

••

••

•••

••

••

Isaaks & Co.Consultants in Spatial Statistics

Page 82: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Structure Number 1Rose Diagram of Ranges Dipping 30 DegreesScale:

20 Units

• •• •

••

••

•••••••••••••••

••

••

••

••

••

••

••••••••••

••

••

••

•• • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 83: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Structure Number 1Rose Diagram of Ranges Dipping 60 DegreesScale:

20 Units

• • • • • • • • • • ••••••••••••

•••••••••••••••••••••••••••••••••••

••

••

•• • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 84: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Structure Number 2Rose Diagram of Ranges Dipping 0 DegreesScale:

100 Units

• • • • • • • • • • • • • ••

••

••

•••••••••••••••••••••••••••

••

••

• • • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 85: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Structure Number 2Rose Diagram of Ranges Dipping 30 DegreesScale:

100 Units

• • • • • • • • • • • ••

••

••

••

••

•••••••••••••••••••••••••

••

••

••

•• • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 86: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Structure Number 2Rose Diagram of Ranges Dipping 60 DegreesScale:

100 Units

• • • • • • • ••

••

••

••••••••

••

••

••

•••••••••••••••••••••

••

••••••••

••

••

• • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 87: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Horizontal Slices Through the Ellipsoids

Reference Cube

X-Y Planes Looking Down

Isaaks & Co.Consultants in Spatial Statistics

ABC

N

bottom

topwest

east

C

bottom

topwest

east

B

bottom

topwest

east400 units

A

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 88: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Cross Section Views Through the Ellipsoids

Reference Cube

X-Z Planes Looking North

Isaaks & Co.Consultants in Spatial Statistics

AB

C

N

bottom

top

west

east

C

bottom

top

west

east

B

bottom

top

west

east

400 units

A

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 89: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Long Section Views Through the Ellipsoids

Reference Cube

Y-Z Planes Looking West

Isaaks & Co.Consultants in Spatial Statistics

CB

A

N

bottom

top

south

north

A

bottom

top

south

north

B

bottom

top

south

north

400 units

C

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 90: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1722

•25386

•50468

•23294 •20168

•7621 •4819

•1799

•1662

•1403

AZIMUTH = 0 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp18.9(h) + 0.653 Exp52.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•871

•9829

•9675

•8587

•18317

•15924

•9010 •1916

•1229

•7679

•6948

AZIMUTH = 30 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp16.6(h) + 0.653 Exp52.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•424

•1649

•29193

•29677

•6070 •18550

•1696

•8393 •6547

•1250

AZIMUTH = 60 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp13.8(h) + 0.653 Exp69.6(h)

Page 91: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•356

•2331

•69502

•4299

•40246 •4158 •23502•2445

•12929

•561

AZIMUTH = 90 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp12.8(h) + 0.653 Exp125.1(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•382

•2200

•49366

•10879

•27173

•15348

•11314

•16415

•3294

•18922

AZIMUTH = 120 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp13.7(h) + 0.653 Exp115.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•506

•4544

•7880

•37865

•19921

•2442

•5276

•11665

•2029

•1831 •5540

AZIMUTH = 150 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp16.6(h) + 0.653 Exp66.2(h)

Page 92: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1722

•25386

•50468

•23294 •20168

•7621 •4819

•1799

•1662

•1403

AZIMUTH = 180 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp18.9(h) + 0.653 Exp52.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•871

•9829

•9675

•8587

•18317

•15924

•9010 •1916

•1229

•7679

•6948

AZIMUTH = 210 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp16.6(h) + 0.653 Exp52.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•424

•1649

•29193

•29677

•6070 •18550

•1696

•8393 •6547

•1250

AZIMUTH = 240 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp13.8(h) + 0.653 Exp69.6(h)

Page 93: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•356

•2331

•69502

•4299

•40246 •4158 •23502•2445

•12929

•561

AZIMUTH = 270 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp12.8(h) + 0.653 Exp125.1(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•382

•2200

•49366

•10879

•27173

•15348

•11314

•16415

•3294

•18922

AZIMUTH = 300 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp13.7(h) + 0.653 Exp115.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•506

•4544

•7880

•37865

•19921

•2442

•5276

•11665

•2029

•1831 •5540

AZIMUTH = 330 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp16.6(h) + 0.653 Exp66.2(h)

Page 94: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1597

•25643

•43119

•22347 •14633

•5822

•1168

•497

•438

•840

AZIMUTH = 0 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp12.9(h) + 0.653 Exp54.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•870

•10757

•8761

•6695

•11796

•9381

•4033

•1090

•397

•2544 •2160

AZIMUTH = 30 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp10.1(h) + 0.653 Exp54.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•455

•1842

•24438

•25744

•3776

•8708

•2488

•1344

•3492

AZIMUTH = 60 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp8.7(h) + 0.653 Exp70.9(h)

Page 95: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1934

•57800

•5313

•25975

•2488

•11470•3058

•4571

•1453AZIMUTH = 90 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp8.3(h) + 0.653 Exp113.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•359

•1899

•40148

•11962

•13338 •16072

•3117

•10552

•1092 •6557

•1137

AZIMUTH = 120 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp8.9(h) + 0.653 Exp100.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•521

•4475

•6071 •28018

•15109

•2173

•2988

•4525

•2371 •1478

•1172

AZIMUTH = 150 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp10.8(h) + 0.653 Exp63.4(h)

Page 96: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1648

•24349

•42933

•22801

•13259

•5430 •2653

•1280•838 •470

AZIMUTH = 180 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp14.8(h) + 0.653 Exp51.1(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•861

•9996

•9971 •6282

•14328

•11979

•6026

•1894

•918

•2150

•1026

AZIMUTH = 210 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp20.8(h) + 0.653 Exp52.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•417

•1811

•26210

•31176

•5039 •17297 •3860

•5132

•4334

•1647

AZIMUTH = 240 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp23.4(h) + 0.653 Exp67.7(h)

Page 97: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•366

•2112

•61800

•5559

•30629

•6253 •13964

•3942•5113

•1662AZIMUTH = 270 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp21.7(h) + 0.653 Exp115.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•374

•2137

•44628

•13689

•16069

•17583

•3681

•11250

•869

•4419

•475

AZIMUTH = 300 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp19.8(h) + 0.653 Exp116.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•535

•4747

•7983

•29735

•17985 •2229

•2984

•2802

AZIMUTH = 330 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp16.8(h) + 0.653 Exp69.0(h)

Page 98: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8361

•35319

•36394

•17017

•4487

•1844

AZIMUTH = 0 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp8.7(h) + 0.653 Exp57.6(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•3210

•16301

•10454

•4681

•2417

•1965

•639

AZIMUTH = 30 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp7.2(h) + 0.653 Exp57.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•576

•2255

•13373

•23545 •3413

•1365 •1070

•378

AZIMUTH = 60 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.5(h) + 0.653 Exp70.9(h)

Page 99: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1647

•32919

•9078

•5106 •6420

•606

•1211 •417

AZIMUTH = 90 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.3(h) + 0.653 Exp94.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•384

•1840

•20514

•16852

•1534

•7271 •704 •816

•384

AZIMUTH = 120 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.6(h) + 0.653 Exp85.1(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•570

•4549

•4442 •13137

•9332

•2228

•406

AZIMUTH = 150 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp7.7(h) + 0.653 Exp61.3(h)

Page 100: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10782

•37637

•34628

•13932

•6621

•2390

•375

AZIMUTH = 180 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp9.6(h) + 0.653 Exp51.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2246

•12509

•10701

•2415

•5409

•5738

•1344

AZIMUTH = 210 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp12.7(h) + 0.653 Exp52.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•417

•2238

•15299

•27687

•2998

•4293

•3156 •400

•727

AZIMUTH = 240 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp16.0(h) + 0.653 Exp65.6(h)

Page 101: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1659

•37543

•11469 •7672

•7568

•1388

•2189

AZIMUTH = 270 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp16.4(h) + 0.653 Exp96.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•358

•1935

•25753

•18968 •2658

•10986 •1362

•1108

•558

AZIMUTH = 300 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp13.9(h) + 0.653 Exp101.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•734

•5223

•5914

•16039

•12208

•2165

AZIMUTH = 330 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp11.0(h) + 0.653 Exp71.0(h)

Page 102: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8818

•32800

•29177

•16383

•3328

•431

AZIMUTH = 0 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.6(h) + 0.653 Exp61.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8279

•25988

•15813

•3305

•648

AZIMUTH = 30 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.9(h) + 0.653 Exp61.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•667

•3592

•4674 •10741

•4662 •646

AZIMUTH = 60 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.4(h) + 0.653 Exp69.6(h)

Page 103: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•363 •2274

•10070 •18039

•904

•482 •701

AZIMUTH = 90 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.3(h) + 0.653 Exp79.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•418

•2636

•5334

•14209

•1978

•631

AZIMUTH = 120 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.5(h) + 0.653 Exp73.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•3281

•10690

•4418

•2903

•4938

•1877

AZIMUTH = 150 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.1(h) + 0.653 Exp60.3(h)

Page 104: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11272

•34896

•28341

•14464

•3795

•1021

AZIMUTH = 180 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp7.1(h) + 0.653 Exp53.4(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10633

•28721

•16524

•1717 •1131

•439

AZIMUTH = 210 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp8.4(h) + 0.653 Exp54.4(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•590

•3528

•4800

•13001

•5663

•387

AZIMUTH = 240 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp9.5(h) + 0.653 Exp63.9(h)

Page 105: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2047

•11529

•21078 •692

•2287

•679

AZIMUTH = 270 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp9.8(h) + 0.653 Exp81.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•418

•2794

•7948

•17393

•2636

•731

•773

AZIMUTH = 300 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp9.0(h) + 0.653 Exp85.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•3107

•10826

•5879

•3632

•5764

•1526

AZIMUTH = 330 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp7.7(h) + 0.653 Exp71.1(h)

Page 106: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8752

•30190

•20514

•8156 •1839

AZIMUTH = 0 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.6(h) + 0.653 Exp64.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•6383

•24360

•17218

•4815

•451

AZIMUTH = 30 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.2(h) + 0.653 Exp64.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•763

•7183

•3274

•2050

•1554

•558

AZIMUTH = 60 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp4.9(h) + 0.653 Exp67.7(h)

Page 107: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•548

•4278

•2045

•5266

•2694

AZIMUTH = 90 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp4.9(h) + 0.653 Exp70.4(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•782

•4920

•2533

•2098

•2302

AZIMUTH = 120 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.0(h) + 0.653 Exp66.9(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2031

•11287

•8065

•1129

AZIMUTH = 150 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.3(h) + 0.653 Exp60.4(h)

Page 108: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10890

•31687

•20437

•7076

•2708

•758

AZIMUTH = 180 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.8(h) + 0.653 Exp56.4(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8062

•26324

•18126

•3696

AZIMUTH = 210 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.4(h) + 0.653 Exp57.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•663

•6411

•4272

•1880

•2090

•677

AZIMUTH = 240 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.9(h) + 0.653 Exp63.0(h)

Page 109: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•574

•4011

•2865

•7582

•3567

AZIMUTH = 270 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp7.0(h) + 0.653 Exp71.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•775

•4668

•3338

•4170

•2966

•417

AZIMUTH = 300 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.7(h) + 0.653 Exp74.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2051

•12762

•9969

•632

•468

•544

AZIMUTH = 330 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp6.2(h) + 0.653 Exp69.5(h)

Page 110: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11513

•31826

•20483

•6104

•1133

•359

AZIMUTH = 0 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.1(h) + 0.653 Exp65.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11177

•30993

•20195

•5844

•1159

AZIMUTH = 30 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp4.9(h) + 0.653 Exp65.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10883

•29325

•16011

•2120

AZIMUTH = 60 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp4.8(h) + 0.653 Exp65.6(h)

Page 111: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10729

•27776

•13596

•617

AZIMUTH = 90 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp4.8(h) + 0.653 Exp65.4(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10768

•27901

•14628

•1158

AZIMUTH = 120 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp4.9(h) + 0.653 Exp63.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10889

•29236

•18439

•3895

AZIMUTH = 150 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.0(h) + 0.653 Exp61.6(h)

Page 112: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11389

•30001

•20116

•5628

•1093

AZIMUTH = 180 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.2(h) + 0.653 Exp60.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11228

•29663

•20058

•5427

•1096

AZIMUTH = 210 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.5(h) + 0.653 Exp60.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10862

•28047

•16604

•1864

AZIMUTH = 240 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.6(h) + 0.653 Exp63.0(h)

Page 113: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10751

•26967

•14651

•800

AZIMUTH = 270 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.7(h) + 0.653 Exp65.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10824

•27890

•16151

•1496

AZIMUTH = 300 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.6(h) + 0.653 Exp67.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11119

•30332

•20165

•3732

•400

AZIMUTH = 330 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.4(h) + 0.653 Exp66.8(h)

Page 114: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Copper Composites, 2 metre, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11078

•30433

•23893

•6987

•1895

AZIMUTH = 0 DIP = -90

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.100 + 0.247 Exp5.0(h) + 0.653 Exp63.9(h)

Page 115: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

5 10 15 20 25 30 35 40 45 500.00

0.25

0.50

0.75

1.00

1.25

1.50

Lag Distance (h)

Gam

ma

(h)

5924

5672

5433

5203

4981

4768

4569

43784185

39983825

36613501 3345

3203

3064

29292794

26652533

2401 2278 2157

Azim. Dip.0 .0

.0 .0 (cf)

Manganese Composites, 2 metres, in solid, Down HoleGamma(h)= .05 + .694Exp15(h) + .256Exp162.5(h)

Page 116: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Nugget ==> 0.050 C1 ==> 0.707 C2 ==> 0.243

First Structure -- Exponential with Practical Range

User Defined Rotation Conventions

RH Rotation about the Z axis ==> -51RH Rotation about the Y’ axis ==> 77RH Rotation about the Z’ axis ==> -38Range along the Z’ axis ==> 16.7 Azimuth ==> 141 Dip ==> 13Range along the Y’ axis ==> 11.4 Azimuth ==> 61 Dip ==> -37Range along the X’ axis ==> 38.6 Azimuth ==> 214 Dip ==> -50

Second Structure -- Exponential with Practical Range

RH Rotation about the Z axis ==> 68RH Rotation about the Y’ axis ==> -29RH Rotation about the Z’ axis ==> 20Range along the Z’ axis ==> 200.9 Azimuth ==> 202 Dip ==> 61Range along the Y’ axis ==> 372.9 Azimuth ==> 275 Dip ==> -9Range along the X’ axis ==> 111.9 Azimuth ==> 0 Dip ==> 27

Modeling Criteria

Minimum number pairs req’d ==> 350Sample variogram points weighted by # pairs

Page 117: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Structure Number 1Rose Diagram of Ranges Dipping 0 DegreesScale:

30 Units

• • ••

••

••

•••••••••••••••

••

••

••

•••••••••

••

••

••

••••••••••••••

••

••

•• • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 118: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Structure Number 1Rose Diagram of Ranges Dipping 30 DegreesScale:

30 Units

• • • • • • ••

••••••••••••••••••

••

••

••

••••

••

••

••

••

••

••

• • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 119: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Structure Number 1Rose Diagram of Ranges Dipping 60 DegreesScale:

30 Units

• • • • • • • ••

••••••••••••••••

••

••

••

••

••••

••

••

••

• • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 120: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Structure Number 2Rose Diagram of Ranges Dipping 0 DegreesScale:

400 Units

• • • • • • • • • • • • • ••

••

••

••••••••••••••••••••••••••••

••

••

• • • • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 121: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Structure Number 2Rose Diagram of Ranges Dipping 30 DegreesScale:

400 Units

• • • • • • • • • • ••

••

••

••

••

••••••••••••••••••••••••••••

••

••

•• • • • • • • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 122: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Structure Number 2Rose Diagram of Ranges Dipping 60 DegreesScale:

400 Units

• • • • • ••

••

••

•••••••

••

••

••

•••••••••••••••••••••••

••

••

••

••••••

••

••

••

• • • • • •

Isaaks & Co.Consultants in Spatial Statistics

Page 123: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Horizontal Slices Through the Ellipsoids

Reference Cube

X-Y Planes Looking Down

Isaaks & Co.Consultants in Spatial Statistics

ABC

N

bottom

topwest

east

C

bottom

topwest

east

B

bottom

topwest

east550 units

A

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 124: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Cross Section Views Through the Ellipsoids

Reference Cube

X-Z Planes Looking North

Isaaks & Co.Consultants in Spatial Statistics

AB

C

N

bottom

top

west

east

C

bottom

top

west

east

B

bottom

top

west

east

550 units

A

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 125: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Long Section Views Through the Ellipsoids

Reference Cube

Y-Z Planes Looking West

Isaaks & Co.Consultants in Spatial Statistics

CB

A

N

bottom

top

south

north

A

bottom

top

south

north

B

bottom

top

south

north

550 units

C

Note -- the orientation, dip and lengths of the ellipsoid axes in these figures may be "apparent" rather than "true".

Page 126: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1722

•25386

•50468

•23294 •20168

•7621

•4819

•1799

•1662

•1403

AZIMUTH = 0 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp17.2(h) + 0.243 Exp121.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•871

•9829

•9675

•8587 •18317

•15924

•9010

•1916 •1229

•7679

•6948

AZIMUTH = 30 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.2(h) + 0.243 Exp135.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•424

•1649

•29193

•29677

•6070

•18550

•1696 •8393

•6547

•1250

AZIMUTH = 60 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.8(h) + 0.243 Exp203.2(h)

Page 127: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•356

•2331

•69502 •4299

•40246

•4158

•23502•2445

•12929

•561

AZIMUTH = 90 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.8(h) + 0.243 Exp358.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•382

•2200

•49366

•10879 •27173

•15348

•11314

•16415

•3294

•18922

AZIMUTH = 120 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.3(h) + 0.243 Exp215.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•506

•4544

•7880

•37865

•19921 •2442

•5276

•11665

•2029

•1831 •5540

AZIMUTH = 150 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp17.2(h) + 0.243 Exp138.9(h)

Page 128: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1722

•25386

•50468

•23294 •20168

•7621

•4819

•1799

•1662

•1403

AZIMUTH = 180 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp17.2(h) + 0.243 Exp121.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•871

•9829

•9675

•8587 •18317

•15924

•9010

•1916 •1229

•7679

•6948

AZIMUTH = 210 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.2(h) + 0.243 Exp135.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•424

•1649

•29193

•29677

•6070

•18550

•1696 •8393

•6547

•1250

AZIMUTH = 240 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.8(h) + 0.243 Exp203.2(h)

Page 129: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•356

•2331

•69502 •4299

•40246

•4158

•23502•2445

•12929

•561

AZIMUTH = 270 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.8(h) + 0.243 Exp358.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•382

•2200

•49366

•10879 •27173

•15348

•11314

•16415

•3294

•18922

AZIMUTH = 300 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.3(h) + 0.243 Exp215.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•506

•4544

•7880

•37865

•19921 •2442

•5276

•11665

•2029

•1831 •5540

AZIMUTH = 330 DIP = 0

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp17.2(h) + 0.243 Exp138.9(h)

Page 130: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1597

•25643

•43119

•22347 •14633 •5822

•1168

•497

•438

•840

AZIMUTH = 0 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.0(h) + 0.243 Exp135.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•870

•10757

•8761

•6695

•11796

•9381

•4033 •1090

•397

•2544

•2160

AZIMUTH = 30 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.1(h) + 0.243 Exp150.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•455

•1842

•24438

•25744

•3776

•8708

•2488

•1344

•3492

AZIMUTH = 60 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.2(h) + 0.243 Exp220.5(h)

Page 131: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1934

•57800

•5313

•25975

•2488

•11470•3058

•4571

•1453AZIMUTH = 90 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.6(h) + 0.243 Exp300.9(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•359

•1899 •40148

•11962

•13338

•16072

•3117

•10552

•1092

•6557 •1137

AZIMUTH = 120 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp14.5(h) + 0.243 Exp184.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•521

•4475

•6071 •28018

•15109 •2173

•2988 •4525

•2371 •1478

•1172

AZIMUTH = 150 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp18.1(h) + 0.243 Exp127.8(h)

Page 132: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1648

•24349

•42933

•22801

•13259

•5430

•2653 •1280•838

•470

AZIMUTH = 180 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp20.8(h) + 0.243 Exp113.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•861

•9996

•9971 •6282

•14328

•11979

•6026 •1894

•918

•2150

•1026

AZIMUTH = 210 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp19.2(h) + 0.243 Exp126.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•417

•1811

•26210

•31176

•5039 •17297 •3860

•5132

•4334

•1647

AZIMUTH = 240 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp16.9(h) + 0.243 Exp184.3(h)

Page 133: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•366

•2112

•61800

•5559

•30629

•6253

•13964 •3942•5113

•1662AZIMUTH = 270 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp16.2(h) + 0.243 Exp347.9(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•374

•2137

•44628

•13689

•16069

•17583

•3681

•11250 •869

•4419

•475

AZIMUTH = 300 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp16.5(h) + 0.243 Exp252.4(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•535

•4747

•7983

•29735

•17985 •2229

•2984

•2802

AZIMUTH = 330 DIP = -15

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp16.5(h) + 0.243 Exp157.5(h)

Page 134: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8361

•35319

•36394

•17017

•4487

•1844

AZIMUTH = 0 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.8(h) + 0.243 Exp156.9(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•3210

•16301

•10454

•4681

•2417

•1965

•639

AZIMUTH = 30 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.2(h) + 0.243 Exp171.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•576

•2255

•13373

•23545

•3413

•1365

•1070

•378

AZIMUTH = 60 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp11.5(h) + 0.243 Exp226.9(h)

Page 135: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1647

•32919

•9078

•5106

•6420

•606

•1211

•417

AZIMUTH = 90 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.0(h) + 0.243 Exp241.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•384

•1840

•20514

•16852

•1534

•7271

•704

•816

•384

AZIMUTH = 120 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp14.1(h) + 0.243 Exp164.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•570

•4549

•4442

•13137

•9332 •2228

•406

AZIMUTH = 150 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp18.8(h) + 0.243 Exp123.2(h)

Page 136: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10782

•37637

•34628

•13932

•6621

•2390

•375

AZIMUTH = 180 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp25.6(h) + 0.243 Exp112.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2246

•12509

•10701 •2415

•5409

•5738 •1344

AZIMUTH = 210 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp26.8(h) + 0.243 Exp123.6(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•417

•2238

•15299

•27687

•2998

•4293

•3156 •400

•727

AZIMUTH = 240 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp22.6(h) + 0.243 Exp169.6(h)

Page 137: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•1659

•37543

•11469

•7672

•7568

•1388

•2189

AZIMUTH = 270 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp19.7(h) + 0.243 Exp284.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•358

•1935

•25753

•18968

•2658

•10986

•1362 •1108

•558

AZIMUTH = 300 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp18.0(h) + 0.243 Exp274.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•734

•5223

•5914

•16039

•12208 •2165

AZIMUTH = 330 DIP = -30

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp16.1(h) + 0.243 Exp183.5(h)

Page 138: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8818

•32800 •29177

•16383

•3328

•431

AZIMUTH = 0 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.5(h) + 0.243 Exp184.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8279

•25988

•15813

•3305

•648

AZIMUTH = 30 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.0(h) + 0.243 Exp192.6(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•667

•3592

•4674

•10741

•4662

•646

AZIMUTH = 60 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp11.5(h) + 0.243 Exp217.7(h)

Page 139: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•363

•2274

•10070 •18039

•904 •482

•701

AZIMUTH = 90 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.1(h) + 0.243 Exp201.9(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•418

•2636

•5334 •14209

•1978

•631

AZIMUTH = 120 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp14.3(h) + 0.243 Exp153.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•3281

•10690

•4418

•2903

•4938

•1877

AZIMUTH = 150 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp19.1(h) + 0.243 Exp124.3(h)

Page 140: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11272

•34896

•28341

•14464 •3795

•1021

AZIMUTH = 180 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp28.6(h) + 0.243 Exp115.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10633

•28721

•16524

•1717

•1131

•439

AZIMUTH = 210 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp37.2(h) + 0.243 Exp125.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•590

•3528

•4800

•13001

•5663

•387

AZIMUTH = 240 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp31.0(h) + 0.243 Exp160.5(h)

Page 141: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2047

•11529

•21078

•692

•2287

•679

AZIMUTH = 270 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp23.9(h) + 0.243 Exp229.6(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•418

•2794

•7948

•17393 •2636

•731

•773

AZIMUTH = 300 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp19.3(h) + 0.243 Exp258.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•3107

•10826 •5879

•3632 •5764

•1526

AZIMUTH = 330 DIP = -45

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.9(h) + 0.243 Exp209.1(h)

Page 142: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8752

•30190 •20514

•8156

•1839

AZIMUTH = 0 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp13.9(h) + 0.243 Exp202.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•6383

•24360 •17218

•4815

•451

AZIMUTH = 30 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.6(h) + 0.243 Exp201.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•763

•7183

•3274 •2050

•1554

•558

AZIMUTH = 60 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.3(h) + 0.243 Exp199.4(h)

Page 143: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•548

•4278

•2045

•5266 •2694

AZIMUTH = 90 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp12.9(h) + 0.243 Exp179.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•782

•4920

•2533

•2098

•2302

AZIMUTH = 120 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp14.9(h) + 0.243 Exp150.7(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2031

•11287

•8065

•1129

AZIMUTH = 150 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp18.8(h) + 0.243 Exp131.5(h)

Page 144: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10890

•31687

•20437

•7076

•2708

•758

AZIMUTH = 180 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp25.9(h) + 0.243 Exp125.6(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•8062

•26324

•18126

•3696

AZIMUTH = 210 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp33.6(h) + 0.243 Exp133.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•663

•6411

•4272

•1880

•2090

•677

AZIMUTH = 240 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp31.8(h) + 0.243 Exp157.1(h)

Page 145: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•574

•4011

•2865

•7582

•3567

AZIMUTH = 270 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp24.9(h) + 0.243 Exp194.9(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•775

•4668

•3338

•4170 •2966

•417

AZIMUTH = 300 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp19.6(h) + 0.243 Exp221.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•2051

•12762 •9969

•632

•468

•544

AZIMUTH = 330 DIP = -60

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp16.1(h) + 0.243 Exp215.0(h)

Page 146: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11513

•31826

•20483

•6104

•1133

•359

AZIMUTH = 0 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.1(h) + 0.243 Exp193.8(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11177

•30993

•20195

•5844

•1159

AZIMUTH = 30 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp14.2(h) + 0.243 Exp189.3(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10883

•29325

•16011

•2120

AZIMUTH = 60 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp14.1(h) + 0.243 Exp181.1(h)

Page 147: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10729

•27776

•13596

•617

AZIMUTH = 90 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp14.6(h) + 0.243 Exp168.5(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10768

•27901

•14628

•1158

AZIMUTH = 120 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp15.9(h) + 0.243 Exp155.0(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10889

•29236

•18439

•3895

AZIMUTH = 150 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp18.2(h) + 0.243 Exp145.5(h)

Page 148: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11389

•30001

•20116

•5628

•1093

AZIMUTH = 180 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp21.1(h) + 0.243 Exp142.6(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11228

•29663

•20058

•5427

•1096

AZIMUTH = 210 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp23.4(h) + 0.243 Exp147.4(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10862

•28047

•16604

•1864

AZIMUTH = 240 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp23.4(h) + 0.243 Exp159.4(h)

Page 149: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10751

•26967

•14651 •800

AZIMUTH = 270 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp21.4(h) + 0.243 Exp175.6(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•10824

•27890

•16151

•1496

AZIMUTH = 300 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp18.8(h) + 0.243 Exp189.2(h)

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11119

•30332

•20165 •3732 •400

AZIMUTH = 330 DIP = -75

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp16.6(h) + 0.243 Exp194.9(h)

Page 150: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Manganese Composites, 2 metres, in solid

Isaaks & Co.Consultants in Spatial Statistics

Lag distance (h)

γ(h)

0 62.5 125.0 187.5 250.00

0.5

1.0

1.5

•11078

•30433

•23893 •6987

•1895

AZIMUTH = 0 DIP = -90

*Sample variogram points with less than 350 pairs have not been plotted.

γ(h) = 0.050 + 0.707 Exp17.4(h) + 0.243 Exp167.3(h)

Page 151: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property

Appendix 3

Assay Laboratory Certification

Page 152: TECNICAL REPORT ON THE BERENGUELA PROPERTY ...Silver Standard Resources Inc. 2 Technical Report on the Berenguela Property, Peru October 26, 2005 The Berenguela Property is a property