Page Index
• Introduction
• Location, Access, Topography, Vegetation
• The Property
• History

Introduction

The Mabel property consisting of Mabel and Mabel 1 claims is located Northern Sonora, México about 60 kilometres west southwest of Nogales and about 40km south of the town of Sasabe on the Arizona-Sonora border. The properties were acquired on the merit of past sampling in the area which returned an average of 1.8 g/t gold and 58 g/t Ag from 109 surface 3-meter chip samples. Pacific Comox believes the property has the potential to host a deposit in excess 1 million ounces (near surface gold equivalent Au + Ag).

Mabel Property Technical Report Form 43-101F1.

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Location, Access, Topography, Vegetation

The property can be accessed from the east and west by approximately 15 kilometers of government maintained dirt roads. Located about 12 kilometers to the east is the town of Saric which has a number of services, including electrical, medical, etc. The majority of the concession has relatively good road access. The claims are located within the area covered by the 1:50,000 Saric topographical map (H12A48) and the 1:250,000 Nogales (H12-2) geologic map.

The lower portions of the area are situated at an elevation of approximately 900 meters above sea level and topography is characterized by gently rolling hills with elevations varying from 1,000 meters to 1,100 meters except in the northern part where Cerro El Somberetillo reaches a maximum elevation of approximately 1,350 meters. Vegetation in the area consists of several varieties of cactus including the saguaro, some mesquite trees, ocotillo and seasonal grasses.

The climate is a typical semi-arid Sonoran desert climate - temperate with cool winters and hot summers. Rainfall is erratic and is in the form of sudden and violent thunder storms occurring mainly during the summer monsoon season.

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The Mabel 1 concession (E-82/28018-609Ha) was staked by Comox and borders Mabel (Title-190649 - 424Ha) to the south, southwest and southeast. The Mabel Concession is subject to a purchase agreement. PCR has negotiated a deal with Abraham Nasser, Mabel Lamadrid de Nasser, Norman E. Dausinger, Jr. and Maria Loreto de la Luz Gutierrez de Dausinger, owners of the Mabel claim and residents of Tucson, Arizona. PCR can earn a 100% interest in the property by making cash payments totaling $386,000.00(US), issuing 3.5 million shares and completing work commitments of $2,275,00.00 (US) over five years. The vendors retain a 3% NSR of which PCR has the option to purchase 1.5% for $4,500,000 (US).

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History

Little is known of early work on the property. Some previous work on the property consisted of modest silica flux mining reported to have a 2 to 6g/t Au and 30 to 1240 g/t Ag credits. Placer mining in the general area dates back to Spanish Colonial times and sporadic efforts continue to the present.

More recently Minera Teck (Teck-Cominco Ltd.) studied the area on a regional basis and, in mid-1995, filed a claim around the Mabel claim. Teck completed surface sampling with positive results in 1999-2000 but elected not to option the property despite recommendations for acquisition by staff geologists who concluded that the core of the gold system lay within the Mabel claim. Teck has since dropped their land holdings in the area.

Newmont did some work on the property and the adjacent district and took about 60 samples in the area with “encouraging” results.

Newmont expressed interest in the concession. However, this was not relayed to the Mabel owners until after Pacific Comox had entered into an agreement with the vendors of the property.

Major Mexican mining companies, Grupo México and particularly Peñoles are reported to have been actively staking claims in the area as ground becomes available. Noranda and Rio Tinto are also reported active in the area, concentrating on porphyry-copper potential.