Our previous work in 2010 on the La Palma target included prospecting, soil sampling, IP and ground magnetometer geophysical surveys, followed by a 12 hole diamond drill program over a 160 hectare (400 acre) IP chargeability anomaly. These drill holes were widely spaced over a length of 3.5 km (2.2 miles) and tested less than 3% of the favorable geology on the property. Drill results include three intercepts of silver-zinc-lead-gold mineralization in widely spaced drill holes. The metal ratios in these intercepts are similar to the Peñasquito-style of mineralization. Drilling also intersected intrusion related breccias in all holes, indicating that mineralization is associated with a powerful explosive, intrusion-related event. Drill core evidence indicates that host rocks were subjected to deformation over a long time by a large regional tectonic event. Rocks were deformed continuously from before until after the mineralizing event. This is important evidence of regional stresses creating and reactivating potential structural channels for mineralizing fluids.