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It should be noted that drill hole GUD-1201 was terminated prior to reaching its target depth, as discussed in the Company's February 29th 2012 press release (http://www.solvistagold.com/news/2012/february29/). Drill hole GUD-1204 was drilled to replace GUD-1201. Likewise drill hole GUD-1210 was terminated prior to reaching its target depth and drill hole GUD-1211 was drilled to replace it. No significant intervals were intersected in drill holes GUD-1203 (Campo Alegre South) and GUD-1207 (El Mango).
Table 2----------------------------------------------------------------------------Drill Hole East UTM North UTM Elevation Azimuth Plunge Total LengthNumber Coordinate Coordinate (m.a.s.l.) (degrees) (degrees) (metres)----------------------------------------------------------------------------GUD-1201 476,592 752,412 954 35 -50 57.45----------------------------------------------------------------------------GUD-1202 476,554 751,952 1,158 40 -50 300.83----------------------------------------------------------------------------GUD-1203 476,731 751,501 1,253 50 -50 216.45----------------------------------------------------------------------------GUD-1204 476,592 752,412 954 35 -50 295.65----------------------------------------------------------------------------GUD-1205 476,592 752,412 954 35 -50 226.16----------------------------------------------------------------------------GUD-1206 477,159 751,840 1,160 210 -60 300.22----------------------------------------------------------------------------GUD-1207 474,753 751,268 1,361 220 -50 263.95----------------------------------------------------------------------------GUD-1208 477,838 751,446 1,210 40 -51 235.50----------------------------------------------------------------------------GUD-1209 478,029 751,286 1,283 40 -50 227.07----------------------------------------------------------------------------GUD-1210 478,219 751,206 1,351 40 -55 28.95----------------------------------------------------------------------------GUD-1211 478,219 751,206 1,351 40 -65 280.41----------------------------------------------------------------------------GUD-1212 477,565 751,590 1,159 40 -50 246.88----------------------------------------------------------------------------GUD-1213 477,712 751,226 1,230 40 -50 213.36----------------------------------------------------------------------------GUD-1214 477,594 751,312 1,229 30 -50 200.48----------------------------------------------------------------------------Table 2. Drill hole location data for drill holes GUD-1201 to GUD-1214.Coordinates are UTM WGS 84, Zone 18N datum.
Field work at the Guadalupe Project is ongoing and includes mapping and rock and vein sampling, stream sediment sampling and soil sampling (conventional soil samples and MMI samples) to identify new areas for drill testing in the Company's future drilling programs.
Quality Control and Assurance
The Company utilizes an industry-standard Quality Assurance/Quality Control program for the taking and analyzing of samples. Rock, drillcore, soil (MMI) and stream sediment samples are prepared at a preparation facility in Medellin run by SGS Colombia or ALS Colombia Ltda. Samples are then shipped for analysis to the SGS del Peru S.A.C. or ALS Peru Ltda. certified assay laboratory in Lima, Peru. Gold values were determined by fire assay with an atomic absorption finish on 30 gram samples; other elements were analyzed with a 4 acid digestion and an ICP-MS finish. Blanks, duplicates and certified reference standards are routinely inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically check assayed at ACME Laboratories in Vancouver, British Columbia.
