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COLOMBIA: The Fredonia & Venecia Project Areas

 

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.

   

BOLIVIA: San Simón Project

The San Simón project lies in the same belt of rocks that hosts the 1.6 million oz São Francisco gold deposit in Brazil.

Since 1995, Colombia Crest has discovered four areas of known gold mineralization:

  • Doña Amelia
  • San Simón (Paititi-Buriti Trend)
  • Marco Maria, and
  • Doña Angela

In the Doña Amelia zone, Colombia Crest has completed 78,575 metres of drilling in 327 holes. A NI 43-101 Resource Estimate has been prepared by SRK. Excellent drill targets exist for high-grade, underground-style gold resources along the eastern end of the Doña Amelia zone and on the newly understood Paititi zone, where open-pit style gold mineralization is known to exist from prior drilling.