AucontraireII, you have every reason to question everything with CCD and everyone involved and especially any value with our assets. But, for a potential exploration company in a mining turn around country we are very cheap at 2 cents a share. Also, what may not have been economical 4 or 5 years ago might be looking a lot better today with inflation and restricted minerals coming out of Russia. I am not worried about Golden Minerals but our other partner might be in a well deserve pickle and that should work to our advantage.
Golden Minerals is ahead of schedule on the amount they need to spend to uphold their option on Sarita.
Sarita Este / Desierto In December 2019 we paid $150,000 to enter into an option agreement with Cascadero Minerals Corporation (“Cascadero”) to acquire a 51% interest in the gold/copper Sarita Este concession, located in the northwest portion of the Province of Salta, Argentina, located near the Taca Taca project owned by First Quantum Minerals. The option agreement called for us to spend at least $0.3 million in exploration expenditures and complete a 2,000-meter drill program by the end of 2021, another $0.5 million by the end of 2022, and another approximately $1.6 million by 2023 for a total $2.5 million. We have spent approximately $1.4 million since entering into the agreement in December 2019. In the fourth quarter of 2021 we completed the first drill program ever conducted at Sarita Este, which involved drilling 10 diamond drill holes totaling 2,518 meters to explore untested epithermal gold-silver and copper porphyry targets. In January 2022 we announced assay results from the drill program, including the potential of an oxidized gold system and a copper porphyry system. We have submitted new permits for trenching and additional drilling that we plan to complete during a 2022 field campaign.