In addition to its flagship Cisneros property, Antioquia Gold Inc. controls an additional 34,000 hectares of lands in Colombia. The majority of which are situated along the prolific Cauca Porphyry Belt in the Departments of Antioquia and Caldas. These lands were acquired as strategic properties as a result of an agreement between Soratama (Barrick's operating division in Colombia) and IGTER (a soley owned subsidiary of Antioquia Gold Inc.). Antioquia Gold Inc. continues to evaluate and search out qualified JV partners to work on their strategic properties acquired through the Soratama-IGTER Agreement. As of December 2011, the Company is also currently in discussions with a number of interested parties regarding the potential for a joint venture on some of these projects. Concordia Betulia and Caicedo are under an letter of intent (LOI) with Trident Gold Corp. dated September 22, 2011, where Trident can earn a 60% interest in the properties by spending $3 million over a 21 month period after signing a definitive joint venture agreement.
The Company continues to seek out other mineral exploration opportunities throughout Colombia, focussing on brownfield opportunities with demonstrated mineralized systems and showing good opportunity for rapid resource growth in typically under-explored terrain.