The Orion property This property is now expected to become an active development project, given the stature of their new Mexican partner (50/50 ownership once the sale closes). Up till now it has been dormant and the company does not give details of it on its web site (at least none that I could find). Here is a description of the Orion property from the June 22, 2011 Business Acquisition Report on SEDAR, relating to their acquistion of Capital Gold Corp.(CGC) at that time:
"The Orion Project lies in the prolific Sierra Madre Occidental, which hosts numerous multimillion
ounce gold-silver deposits. The Orion Project is one of the larger contiguous concessions
in the Sierra Madre, composed of 257,000 acres (104,000 hectares). The Orion Project is located
on the southeast flank of the Sierra Madre, about 125 km south of the famous Tayoltita district
which has reserves reported to be in excess of 20 million gold equivalent ounces. The
concessions are located approximately 110 km north–northwest of Tepic, state capital of Nayarit,
México, 150 km southeast of Mazatlan, Sinaloa. The Orion Project is located 13 km south–
southeast of the town of Acaponeta, Nayarit, in the Motaje Mining District as identified by the
Servicio Geologico Mexicano (formerly the Consejo de Recursos Minerales). CGC is
progressing this project to a pre-feasibility stage."