The Concordia Betulia project totals 14,139 hectares in four concessions, one signed contract, two license applications with defined technical studies, and one application without a technical study. Registration in the Colombian National Mining Registry is pending. The project is located 40 kilometers southwest of Medellin in the Department of Antioquia. The property is located along the Middle Cauca Porphyry Belt and is adjacent to a number of well defined porphyry deposits.
As of December 2011, the Company has conducted three field reconnaissance and sampling programs and compiled a report of the findings, confirming the presence of mineralizing events with copper and gold content and the occurrence of porphyry rocks on the project area. The project is part of 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.