The Concordia Betulia project totals 14,139 Ha 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 km 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.
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.
Antioquia Gold Inc. reached an agreement with Sorotama and Miranda Gold (Miranda) for its Concordia Betulia prospects and rights in May, 2014. Miranda acquired 2 properties of the Concordia Betulia prospects (one concession and one application) totaling approximately 10,700 Ha through an agreement with Antioquia. Oribella as the Miranda project is now called, is subject to a 0.5% royalty to Antioquia that can be purchased for US$1,500,000 and a 2% royalty to Soratama Gold (a wholly owned subsidiary of Barrick Gold Corporation).