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Investor Presentaiton

Zacatecas: A Magnet for Indigenous Labor In the next two decades, rich mineral- bearing deposits would also be discovered farther north in San Martín (1556), 104 * VELARDEÑA 102 Chalchihuites (1556), Avino (1558), Sombrerete (1558), Fresnillo (1566), Mazapil (1568), and Nieves (1574). According to Dana Velasco Murillo, the author of "Urban Indians in a Silver City," by the 1550s, the Zacatecas mines brought in "a consistent influx of indigenous immigrants from western and central Mexico" because they were given exemptions from tribute collection. Wages and exemptions served as "pull" factors for migrants, while the heavy tribute obligations in central Mexican communities functioned as "push” factors. Sources: Dana Velasco Murillo, "Urban Indians in a Silver City: Zacatecas, Mexico, 1546-1810" (Stanford University Press, 2016); Peter Gerhard, "The North Frontier of New Spain" (Princeton University Press, 1982). AVIÑO 24% Durango PARRILLAX Sembranete 1545-2000 20 Million ez Ag 700 gT Ag 1.507 Au Sombreste 5545-2113 210 Million or Ag 700 gif Ag 1.5gT AM SAN MARTIN SOMBRERETE MESOZOIC SEDIMENTS San Martin Dist 1560-2004 > Mtion or Ag 125-600 g Ag 0.2.1 g/t Au 1553-2004 1.1 Bon oz Ag 700 g/T Ag FRESNILLO 06 T Au Zacatecas 15132001 1on or Au 933 g Ag 2.5T A ZACATECAS CENOZOIC Rode Angeles VOLCANICS on A REAL DE ANGELES 22 Aguascalientes. 104 EXPLANATION > > 1 B oz Ag 1669 1998 75-350 g/l Ag 200-500 M oz Ag 24 San Luis 22 Potosi Gomato 1437004 1.3ion or Ag 850 at Au 48T Au GUANAJUATO 102 0 100 Kilometers Map Source: Geo-Mexico: The Geography and Dynamics of Modern Mexico: Fresnillo, Mexico's Leading Silver Mining Town (Aug. 24, 2013). Copyright © 2019 by John P. Schmal. All Rights Reserved. 8
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