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In Colombia, the Company has optioned the Fredonia and Venecia gold properties, located in the Cauca River Valley in Antioquia Province. Situated approximately 40 km south of the city of Medellín, the properties are positioned within one of the most prospective and productive gold belts of Colombia, the Middle Cauca Belt, which has more than 500 years of gold mining history and a number of significant 10+ million ounce gold discoveries.
Both the Fredonia and Venecia properties, which comprise more than 34,000 hectares (81,600 + acres), are principally unexplored ground in close proximity to several significant proven and historic gold resources. Preliminary geophysical and sampling work, indicate a high - probability for the discovery of one or more large porphyry style gold deposits.
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