The Batero-Quinchia Project encompasses multiple porphyry gold target centres that have been early stage drill tested in 2006. Three historic Miocene intrusive centers have been identified, spaced out over a 3km north-south strike length trend, and are at elevations between 1600m and 1950m. These intrusive centres are composed of dykes and stocks emplaced in intermediate to felsic volcanic rocks of the Miocene Combia Formation and in Cretaceous basalts. All target centres host gold and copper mineralization. Additional targets have been identified from the Company's Phase 1 field program comprising field mapping and geochemical and geophysical programs.
The Batero-Quinchia Project is located within the Municipality of Quinchia, Department of Risaralda, Republic of Colombia, approximately 55 kilometres to the north of the regional capital, Pereira. The property consists of a 1,407.43 hectare tenement and is supported with full infrastructure including roads, water and power. The Municipality of Quinchia is recognized as a stable and secure social and political environment.
All of the mineralized zones encountered to date, together with the Amarilla Structural Corridor's epithermal gold mineralization, are part of a large, regional mineralizing system/mineral district covering more than 300 hectares. This district's recognized core extends over two kilometres from La Cumbre through the "El Centro" Zone (Manzanillo, La Lenguita, and El Cedral target areas) to Dos Quebaradas. Further, Batero's new exploration drilling discovery at Matecana, located approximately 800 meters SE from La Cumbre porphyry, indicates the district has strong potential to be expanded with further drilling. The potential successful expansion of new mineralization from Matecana to La Cumbre would further extend the North to South strike length of the project's gold-copper mineralization to approximately 3 kilometres.
Progress is advancing aggressively. On the ground, however, Batero is doing more than just explore. We are also investing in environmental and social programs to help build positive relationships with local communities and ensure the sustainability of the company's long-term objectives.
The Middle Cauca Belt hosts two significant gold deposits: Marmato (9.8 million ounces of gold contained; Gran Colombia - located approximately 20 kilometre's north of the Batero-Quinchia Project) and La Colosa (12.3 million ounces of gold; AngloGold Ashanti -- located approximately 100 kilometre's SSE of the Batero-Quinchia Project). This belt is also host to other significant porphyry gold deposits including Titiribi, La Mina, and Quebradona.
Colombian Gold Belts and Districts:
