Overview
The Cisneros Gold Property (Cisneros Project) is located about 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia and consists of 100 percent ownership in six concessions ( 2 of which are referred to as the Guayabito properties and five which are referred to as the La Manuela properties). In addition, AGD has an agreement to acquire 5,243 Ha of contiguous land from Grupo de Bullet for a total of 5,522 Ha of available land in the Cisneros project area. The property is located in the Municipalities of Cisneros, Santo Domingo and Yolombo and is easily accessible year round by paved road from Medellin.
Gold mining in the Cisneros area has been carried out since Pre-Colombian times to the present. The Cisneros Project is underlain by an intrusive body of granodiorite to quartz diorite composition, called the Antioquia Batholith. Mineralization is controlled by two dominant structural trends in the area and evidenced by anomalous gold occurrences in more than 20 artisanal mining operations in the project area.
The climate is tropical though with elevations ranging between 1,200m and 1,800m the temperature is very pleasant. Transportation service to the area is provided daily by the bus companies Coopetransa and Coonorte from the city of Medellin. There are several hotels in Cisneros. There is ample single-phase electrical energy coverage, though it could be disturbed during electrical storms in the winter season. Water is abundant with all three drainages on the property flowing year round. The project area has a (COMCEL) signal for cellular phones. Internet, fax and scanner services can be obtained in the municipality of Cisneros. The National Police has permanent presence in the urban area of Cisneros. As well, the Army has a permanent base and does continuous patrols in the region. The property is mountainous with the western slopes being used as sugar cane plantations and to a lesser extent coffee growing operations at the higher elevations. The western slopes are gentle, and there are three main drainage gullies trending to the west-southwest.
