The Jerico project totals 3,104 hectares in two concessions, both of which are license applications with defined technical studies. Registration in the Colombian National Registry is pending. The project is located 48 kilometers south of Medellin in the Department of Antioquia. The property is located along the Middle Cauca Porphyry Belt adjacent to a number of well defined porphyry deposits.
As of December 2011, the Company has conducted one field reconnaissance and sampling program and compiled an internal report of the findings. The area is characterized by important metallogenic characteristics, magmatic activity and structures related to andacitic and dacitic porphyry. Outcrop is limited in the area, so exploration will need to rely heavily on geophysical techniques initially. An exploration plan and budget has been prepared for the next year and the Company is discussing options for joint venture partners on the project.