Nice Neighbourhood !!!The Properties lie within the Late Miocene mid-Cauca porphyry belt, which hosts a number of important
gold porphyries and porphyry-related deposits. The properties are located 8 km to the southwest of
Marmato where Medoro Resources Ltd. recently announced measured and indicated resources of 7.5
million ounces of gold and inferred resources of 2.23 million ounces of gold. In addition, the mid-Cauca
belt hosts the La Colosa deposit of AngloGold Ashanti, which contains an inferred resource of 12.9 million
ounces of gold (468.8Mt at 0.86 g/t Au), and the Titiribi prospect north of Quinchia where Sunward
Resources Ltd. recently announced an inferred resource of 3.7 million ounces of gold and 460,000 tonnes
of copper.
A number of gold-bearing porphyries are located in the Quinchia district, and they are generally quartz
dioritic in nature. Some of these have been drill tested and the highest gold grades were found to be
associated with the occurrence of hydrothermal magnetite. As a result, CCGC conducted an
aeromagnetic survey consisting of 750-line km and detected at least four potential porphyry targets, some
of which are coincident with significant gold geochemical anomalies in both rock and soil samples taken
by previous operators. In 2006, AngloGold Ashanti tested one of these magnetic anomaly targets,
Seafield has 6283 Hec in the same geological belt. And people wonder about the extremely heavy insider buying. Not to hard to figure out why now is it? This should be, and will be soon IMHO, at the dollar mark.