Minatura - Creating economic opportunities while protecting the environment
Minatura - Creating economic opportunities while protecting the environment
MAC Project Portfolio (244,180 Hectares Worldwide)
Click each project name for detail

 

Zaragoza
Project Name: Zaragoza
Precious Metal(s): Gold
Location: Zaragoza, Antioquia (Col)
Size: 9,718 hectares
Status: Production & Exploration

The Zaragoza Project is on 9,718 hectares near the town of El Bagre in the Colombian department of Antioquia. Approximately 718 hectares of the project have been drilled and a 200,000 oz’s indicated and inferred resource has been identified through a NI 43-101 technical report issued by a leading independent geology company. Most of the drilled area will be mined through the use of a dredge (mining under the water table) which can process approximately 600 cubic meters of low grade material per hour resulting in 16,000 to 20,000 oz’s a year in production. MAC expects to commence a long term dry mining (above the water table) operation in Q4 2012 which is expected to yield approximately 9,000 oz’s per year. MAC is producing a small amount of gold now on this project through a small plant which will be replaced by the larger plant in the coming months. MAC is currently exploring the remainder of the project area to add to the existing known resource and potentially increase the production on the project. MAC either owns or has the right to own 100% of the mining rights on this project.

Aburi Goldfields
Project Name: Aburi Goldfields
Precious Metal(s): Gold
Location: Mpeasem, Denkyira District (Ghana)
Size: 5,263 hectares
Status: Production & Exploration

The Aburi Goldfields Project is on 5,263 hectares near the City of Kumasi in North Central Ghana. A significant portion of this project has been drilled and 60,000 oz. of proven and probable gold reserves have been identified through a Feasibility Study by a leading alluvial geologist. A very low stripping ratio of 0.5:1 exists over the deposits, and additional resources could be located on the project with further exploration. The gold bearing material is extracted using excavators and bull dozers and processed through an IHC plant which is a 150 cubic meter per hour gold processing plant. A second plant with similar processing capacity will be added shortly resulting in total production of approximately 20,000 oz’s per year. MAC owns 50% of this project with the other 50% owned by a leading Ghanaian mining group.

Lake Sonfon
Project Name: Lake Sonfon
Precious Metal(s): Gold
Location: Northern Province, Sierra Leone
Size: 10,900 hectares
Status: Production & Exploration

The Lake Sonfon Project is on 10,900 hectares in the Northern Province of Sierra Leone and is an alluvial gold project with a small defined resource and plant and equipment in place to run a small dry operation while MAC conducts broad exploration to justify a much larger operation. The project is estimated to yield approximately 10,000 oz’s per year on the current defined resource. MAC owns 100% of the project with an obligation to pay the concession holders a royalty equal to 20% of the net operating profits.

Kenema
Project Name: Kenema
Precious Metal(s): Diamonds, Gold
Location: Eastern Province, Sierra Leone
Size: 18,501 hectares
Status: Production within 3 months

The Kenema Project is located on 18,501 hectares in Eastern Sierra Leone in a promising alluvial diamond bearing region. MAC recently received the exploration license for this project and has started exploration with initial promising results prompting MAC to commence small scale production in Q4 2012. MAC forecasts over 40,000 carats of production in 2013 for this project with the opportunity to substantially increase this amount as a result of MAC continuing exploration of the concession.

Atrato Medio
Project Name: Atrato Medio
Precious Metal(s): Platinum & Gold
Location: Medio Atrato, Chocó (Col)
Size: 13,405 hectares
Status: Early Exploration

Information Available Under Confidentiality Agreement

Cané
Project Name:Cané
Precious Metal(s): Gold
Location: Nechí-Caucasia, Antioquia (Col)
Size: 4,429 hectares
Status: Exploration (Drilling)

Information Available Under Confidentiality Agreement

Nariño
Project Name: Nariño
Precious Metal(s): Gold
Location: Roberto Payán-Maguí, Nariño (Col)
Size: 39,321 hectares
Status: Early Exploration

Information Available Under Confidentiality Agreement

Río Caribona
Project Name: Río Caribona
Precious Metal(s): Gold
Location: San Jacinto del Cauca, Bolívar (Col)
Size: 5,242 hectares
Status: Early Exploration

Information Available Under Confidentiality Agreement

Río Quito
Project Name: Río Quito
Precious Metal(s): Gold
Location:Río Quito-Quibdó, Chocó (Col)
Size: 10,868 hectares
Status: Early Exploration

Information Available Under Confidentiality Agreement

Sipí
Project Name: Sipí
Precious Metal(s): Gold
Location: Sipí-Itsmina, Chocó (Col)
Size: 21,898 hectares
Status: Early Exploration

Information Available Under Confidentiality Agreement

Tolima
Project Name: Tolima
Precious Metal(s): Gold
Location: Chaparral-Ataco,Tolima (Col)
Size: 16,261 hectares
Status: Early Exploration

Information Available Under Confidentiality Agreement

Vigia del Fuerte
Project Name: Vigia del Fuerte
Precious Metal(s): Gold
Location: Vigia del Fuerte, Antioquia (Col)
Size:1,875 hectares
Status: Early Exploration

Information Available Under Confidentiality Agreement

Wolof
Project Name: Wolof
Precious Metal(s): Gold
Location: Eastern Province of Senegal
Size: 85,000 hectares
Status: Production & Exploration

Information Available Under Confidentiality Agreement

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