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. In the past 10 years 60+ million ounces of gold have been discovered making the Middle Cauca Belt one of the hottest gold regions in the world.
Both the Fredonia and Venecia properties, which comprise more than 30,973 hectares (74,335+ 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.