Located off of Portuguese Creek, Idaho, USA.

Portuguese Creek Partnership recently completed the pilot stage of its environmentally-sound mining project 20 miles north of Gooding, Idaho. As a result, the Partnership has developed a ready-for-production, domestic (US) supply of platinum group metals for a growing global demand driven by the clean energy and environmental technology industries. Its production of platinum and other metals will be derived from 50 million tons of ore reserves that has been delineated on 10 claims in a larger holding of over two square miles of 70 mining claims the Partnership leases on US Bureau of Land Management (BLM) lands in Idaho. Based on a customized assaying of core hole composite samples and pilot testing the halide leach processviii on the Partnership ore, the discounted value of all metals (platinum, gold, rhodium, palladium) in this proven reserve on just 10 of the 70 claims is over 50+ billion dollarsix. The Partnership claims also contain significant rare earth elements including cerium, lanthanum, niobium, rubidium and yttriumx. Portuguese Creek Partnership is ready to expand its existing facilityxi and to move into full productionxii. The existing plant is a fully permittedxiii process facility, with current operating authorization issued by the State and Local regulatory bodies. This facility can be expanded to accommodate a full production process facility with additional investment. An immediate use of funds will be to process the 2,600 tons of orexiv already moved from the mine to the facility with no permitting necessary. Permits will be required to expand the existing plant for full production and on the claims for the 50 million ton reserve for future production. To receive full production permitting on the claims, an Environmental Assessment (EA) and resulting FONSI is required. Concurrent to the EA, the Partnership will develop and file a Plan of Operations outlining the methods to be used and the type of mining that will be done at the site. All filings will be to the Bureau of Land Management.

The Portuguese Creek Claim Area
Portuguese Creek is a part of a much larger geological feature known as the Magic Reservoir Eruptive Center (Leeman 1982). The large geological feature is interpreted to be a caldera structure some 125 square miles insurface area, which was filled by the Moonstone Rhyolite in Pliocene time (ca: 5-3 Ma). The Moonstone Rhyolite is subdivided into three units known as the lower, middle and upper Moonstone Rhyolitexxvii. The lower and middle units fill the caldera while the upper unit was poured out from points along the ring fracture which bounds the caldera. Those localities where the upper Moonstone Rhyolite occurs at outcrop in some places are marked by elongate structures thought to be volcanic vents, similar to Blackhawk, Idaho. In other locations there is a single volcanic cone from which most of the lava ensued. Petrologically the Moonstone Rhyolite is a hybrid rock, the product of mixing two dissimilar parent magmas, including one that is siliceous (rhyolitic) and the other that is basic (basaltic). The upper unit is the most basic of the three, having the mineral olivine as an essential constituent, which is absent from the lower and middle units.

Portuguese Creek Geology
The property is situated in the southwestern corner of Lincoln County, Idaho. The area is dominated by a conical peak, which rises to a height of approximately 5,908 feet, which is about 300 feet above the neighboring ground. Approximately 2,800 feet away to the southeast is a second smaller conical hill. Both are vents from which issued the mineralized lava flows. These two small volcanoes with their lava fields lie at the headwaters of Portuguese Creek from which the project takes its name.

Nature of Mineralization
The flow rocks are not hydrothermally altered, except for minor deuteric hematization. Because rock alteration is lacking and on the basis of other evidence, in particular a mineralogical study by Bowles (1999), as well as petrogaphic data (Honjo and Leeman 1987), it was tentatively concluded that the mineralization was syngenetic with its host rock. For example, the Bowles study showed that gold was present in the rock as minute films of native metal (up to 20 microns in size) attached to the surfaces of silicate minerals and found evidence for a gold, palladium, tin and aluminum mineral in grains up to 50 microns. The mode of occurrence of the gold and platinum group metals is compatible with the syngenetic hypothesis. As such, this would imply that the Olivine Rhyolite member of the Moonstone Formation to be a very attractive exploration target for gold, palladium and platinum. So far as is known, there are only two areas of outcrop where the Olivine Rhyolite is present, including Blackhawk and Portuguese Creek, Idaho. These two areas were mapped from aerial photographs and indicate that each is about two square miles. The petrology of the Moonstone fit the parameters for mantle plume activity. The release of the 1999 Bowles mineralogical report confirmed the nature of the mineralization as being derived from the earth's deep mantle.

Exploration History
In 1999 Dr. Michael B. Mehrtens made an aerial photo study and geologic interpretation of the entire region of the Magic Reservoir Eruptive Center located in south-central Idaho, approximately 35 miles north of Twin Falls. The study revealed the Portuguese Creek area to be distinguished by the presence of volcanic vent structures similar to those in Blackhawk, Idaho. On the basis of the known mineralization at Blackhawk, Dr. Mehrtens suggested that the Portuguese Creek area may have similar mineral potential.

Pre-Feasibility and Mining Claims
In October of 2001, Resources Opportunity Corporation International (ROCI) and Dr. Michael B. Mehrtens embarked on a precious metals exploration project to determine the pre-feasibility of a precious metals mineral occurrence in South Central Idaho. The Partnership initially staked ten mining claims with BLM in an area with known potential for mineral occurrences. Forty-four (44) surface samples were taken throughout the mining claims. The data from the initial surface sample assay testsxxv, using ROCI’s proprietary methods, concluded that sufficient gold and platinum group metals were present, warranting further study. Based on these positive first laboratory results on the ten mining claims, the Partnership secured an additional 119 BLM
mining claims, but subsequently reduced the total number of mining claims to 70iv. The General Partner believes that the Partnership’s existing claims represent a large enough area to provide adequate protection from outside intervention by adverse claimants into the large potential prospect area.

Exploratory Drilling and Assay Material
The Partnership completed an exploratory drilling program of the Project in November 2002. A grid area was established that was approximately “800 feet wide by 1,200 feet long”. A total of 12 core holes were drilled down to an average depth of approximately 250 feet. Comprehensive testing was conducted internally and externally with independent outside labs on the core samples. Testing showed that gold, palladium and platinum were uniformly disseminated throughout the test area. Statistical analysis on the limited early data indicated a strong connection for the common occurrence of these metals in the mineralization. Metallurgical and petrology studies have also indicated that these metals occur as naturally occurring alloys. Core Hole Assay averages composites were tested at 50-foot intervals. Approximately 300 assays were conducted on the twelve core hole samplesxxvi. All previous test work, including the work of independent assayers, confirmed the presence of platinum, gold and palladium.