The Matecaña porphyry zone was discovered at the project from a reconnaissance exploration program. A linear chip sampling program was conducted and results determined a similar diorite composition to La Cumbre porphyry deposit. This also is coincident with an approximate 400 metres x 500 metres strong magnetic anomaly. The Matecaña porphyry is located at an elevation of 1610 metres, 340 metres in elevation below La Cumbre porphyry.
The Matecaña porphyry discovery occurs on/or adjacent to the Amarilla Structural Corridor what is developing to be a potentially high-grade gold corridor. Five drill holes have been completed with a new discovery of porphyry mineralization at or near surface (see October 31, 2011 news release). These holes were drilled to test surface gold and geophysical anomalies, and three drill holes intersected gold and copper mineralization indicating strong potential for further porphyry style mineralization in the target area.