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Corporate Development

Management intend that the Company will create and enhance shareholder value through the targeted development and enhancement of highly prospective gold-silver deposits, focusing on projects that present strong geological signatures and optimizing them through intelligent exploration.

Principal Project

Over the next two years the Company will focus the majority of its efforts on the development of the El Dorado-Monserrat project on which six high quality targets have previously been identified, namely: 

  •   The Main Vein System
  •   Monserrat West
  •   Monserrat East
  •   Cerro La Herradura
  •   Beethoven (including Beethoven North)
  •   The Judite Trend

An exploration program has been devised in conjunction with ACA Howe, the author of the Technical Report, comprising over 30,000 metres of target and resource drilling to depths of up to 350 metres, identified as the area most likely to host bonanza mineralization on other regional properties.  A substantial program of geophysical and geochemical analysis will also be conducted.

Contemporaneously with the exploration of these targets, regional work will focus on the evaluation of a number of early stage targets that have been identified for follow up on all three license blocks comprising the principal project.

Additional Opportunities

Management intends to pursue an exploration program over the other projects in the Company’s portfolio, initially focusing on identified targets on the Corina project and the “2G” project. Management proposes to progress the evaluation of these and other regional targets, through an initial program of geophysical and geochemical analysis leading to a subsequent campaign of up to 11,000 metres of target drilling.

Management considers that the remaining properties in the Company’s portfolio offer further opportunities for the discovery of significant mineralized structures and will seek to evaluate further opportunities on the Judite I and II and the Maribel I and III properties through a campaign of regional exploration to be conducted after the preliminary ground work has been concluded on the Corina and “2G” properties.

The Company may seek to consolidate its portfolio of properties by acquiring additional properties in the region of its existing concessions if such acquisitions can be completed on commercially reasonable terms.

Corporate Milestones

Management has identified the following key items as significant milestones in the development of the Company over the next 24 months:

El Dorado-Monserrat


 •  Completion of on-going GIS compilation of historical exploration data and geophysical surveys of the highest priority targets identified on each property 

 •  Target and resource drilling of high priority targets

 •  Regional scale exploration programs (trenching, geochemistry, further geophysics) to test the remainder of the licence areas and to incorporate all the lower priority targets as required

 •  Further drilling of selected targets and the advancement of targets identified in the regional surveys to the drilling stage

Corina, 2Gs


 •  Phase 1: Geochemical and geophysical surveys of the highest priority targets identified on each property. Regional scale exploration programs (trenching, geochemistry, further geophysics) to test the remainder of the licence areas and to incorporate all the lower priority targets as required

 •  Phase 2: Target drilling of selected targets and the advancement of targets identified in the regional surveys to the drilling stage (contingent on the success of Phase 1)

Maribel I, Judite I and Judite II


 •  Phase 1: Geochemical and geophysical surveys of the highest priority targets identified on each property. Regional scale exploration programs (trenching, geochemistry, further geophysics) to test the remainder of the licence areas and to incorporate all the lower priority targets as required

 •  Phase 2: Target drilling of selected targets and the advancement of targets identified in the regional surveys to the drilling stage (contingent on the success of Phase 1)
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