- The Penedono concession and area has been explored and exploited for gold since at least Roman times (200 BC to 400 AD), more recently in the 1930’s to the 1950’s and again in the 1970’s to the 1990’s and to the present.
- Several clusters of quartz veins containing gold in arsenopyrite with occasional tungsten mineralization occur within a broad zone that extends from the south east edge of the concession through to the central western edge of the concession, a distance of 16 km.
- Gold mineralization is widespread on the property and previous exploration has outlined numerous high quality drillable targets. There are 5 areas that, as a result of previous work are at a stage where drilling would be the next step, while there are an additional 4 – 5 areas where more detailed field investigation is warranted.
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Download June 2007 Technical Report