Exhibit 10.12.1

 

Amendment to the OPTION AND JOINT VENTURE AGREEMENT

Of March 15th, 2001

 

It is hereby agreed this 14th day of May, 2002, to amend the OPTION AND JOINT
VENTURE AGREEMENT of March __15____, 2001, (“The Agreement”) between MINERA
ANDES INC., a corporation formed under the laws of Canada ("MAI”), MINERA ANDES
S.A., a corporation formed under the laws of Argentina (“MASA”) and MAURICIO
HOCHSCHILD & CIA. LTDA., a corporation formed under the laws of Peru (“MHC”).

 

By mutual consent as witnessed by the signing of this document it is hereby
agreed that “Rights” as defined under the preamble of The Agreement and more
particularly described in Schedule A of The Agreement will be modified effective
as of May 15, 2002 to the areas of interest described in Exhibit 1.

 

Also, by mutual consent as witnessed by the signing of this document it is
hereby agreed that MHC will hereafter take over the responsibilities of
maintaining the Rights described in Exhibit 1 as defined under section 7.1.4 (f)
of The Agreement.

 

Neither party shall take any action during the Option Period to exclude from the
Property any portion or parcel of the Rights described in Exhibit 1 without the
consent of the other party, except in accordance with the procedure state in
Section 7.2 of The Agreement.

 

IN WITNESS WHEREOF the parties have executed this Agreement as of the day, month
and year first above written.

 

 

 

    

MINERA ANDES INC.

 

 

 

 

By:

/s/ Allen V. Ambrose

 

 

 

 

 

 

Its:  President

 

 

 

 

 

 

 

 

 

 

MINERA ANDES S.A.

 

 

 

By:

/s/ Dr. Jorge Vargas

 

 

 

 

 

 

Its: 

 

 

 

 

 

 

 

 

 

 

MAURICIO HOCHSCHILD & CIA. LTD.

 

 

 

 

 

 

By:

/s/ [illegible]

 

 

 

 

 

 

Its:

 

 

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EXHIBIT  1

 

 

PROPERTY TYPE

FILE

AREA REAL

Comments

1 

El Pluma 1

410.411/MA/99

750

Ex cateo 402.845

2 

El Pluma 2

412.277/MA/99

1000

Ex cateo 402.845

3 

El Pluma 3

412.279/MA/99

750

Ex cateo 402.845

4 

El Pluma 4

412.281/MA/99

1000

Ex cateo 402.845

5 

El Pluma E1

410.412/MA/99

1000

Ex cateo 403.627

6 

El Pluma E2

412.278/MA/99

1000

Ex cateo 403.627

7 

El Pluma E3

412.280/MA/99

800

Ex cateo 403.627

8 

Saavedra 10

413.395/MA/00

1000

in cateo

9 

Saavedra 11

401.874/MA/01

1000

in cateo

10 

Saavedra 12

401.875/MA/01

1000

in cateo

11 

Saavedra 13

401.876/MA/01

1000

in cateo

12 

Saavedra 14

401.877/MA/01

1000

in cateo

13 

Saavedra 1a

410.093/MA/99

1000

in cateo

14 

Saavedra 2a

410.091/MA/99

1000

in cateo

15 

Saavedra 3

410.096/MA/99

800

ex cateo

16 

Saavedra 4

410.095/MA/99

800

in cateo

17 

Saavedra 5

410.089/MA/99

800

in cateo

18 

Saavedra 6b

410.094/MA/99

800

ex cateo

19 

Saavedra 7a

410.090/MA/99

1000

in cateo

20 

Saavedra 8

410.092/MA/99

1000

in cateo

21 

Saavedra 9

413.396/MA/00

1000

in cateo

22 

SaavNE1

400.625/MA/01

1000

ex cateo

23 

SaavNE2

400.626/MA/01

1000

ex cateo

24 

SaavNE3

400.627/MA/01

500

ex cateo

25 

Tres A

411.333/MA/99

1000

ex cateo

26 

Tres B

411.334/MA/99

750

ex cateo

27 

Tres C

414.264/MA/00

980

ex cateo

28 

Tres Colores A

411.332/MA/99

1000

Ex cateo 406.002

29 

Tres Colores B

411.331/MA/99

998.5

Ex cateo 406.002

30 

Tres Colores C

414.643/MA/00

901

Ex cateo 406.002

31 

Tres Colores D

414.642/MA/00

901

Ex cateo 406.002

32 

Tres Colores E

414.641/MA/00

901

Ex cateo 406.002

33 

Tres Colores F

414.640/MA/00

901

Ex cateo 406.002

34 

Tres Colores G

414.639/MA/00

397.5

Ex cateo 406.002

35 

Tres D

414.265/MA/00

770.13

ex cateo

36 

Tres E

414.266/MA/00

999.93

ex cateo

37 

Tres F

414.267/MA/00

999.93

ex cateo

38 

Uno A

413.095/MA/00

840

ex cateo

 

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39 

Uno B

413.096/MA/00

840

ex cateo

40 

Uno C

413.097/MA/00

820.2

ex cateo

41 

Uno D

400.765/MA/01

840

ex cateo

42 

Uno E

400.766/MA/01

840

ex cateo

43 

Uno F

400.764/MA/01

594

ex cateo

44 

Uno G

401.507/MA/01

1103.7

ex cateo 406.943

45 

Uno H

401.508/MA/01

560.4

ex cateo 406.943

46 

Uno I

401.509/MA/01

560.4

ex cateo 406.943

47 

AGUAS VIVAS

403.089/MSC/01

9992

 

 

 

 

50490.69

 

 

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