Monday, October 18, 2010 4:50:04 PM
Miller O'Prey: I did some work for [Antioquia] a few years ago. They have a project very close to Medellin, about two hours away, with very good infrastructure and some very interesting drill intersections. They have a great team of geologists and have gone about their exploration very professionally. I think they have a very good chance for success. Chris knows a little more about them.
Chris Berry: I would certainly agree with Antioquia Gold as one of Miller's picks. I find them intriguing for a number of reasons. They're working on about 5,600 hectares of land near Cisneros right now, and they're getting some good results on their drilling. One of the things I like is that Rick Thibault, the CEO, has created a pipeline of projects. . .they have another 32,000 hectares in Colombia they haven't even looked at yet. So, if you think about their pipeline potential, they've got this locked up in their back pocket, which bodes well for the future.
Another interesting thing Antioquia has done is to combine forces with a strategic partner, Desafio Minero S.A.C., a private Peruvian company that is mining about 200,000 ounces of gold per year in Peru. I'm also encouraged by the fact that because of this new partnership, Antioquia has been able to immediately leverage the geologic expertise of Desafio and has realized that the geology in Cisneros is very similar to the geology of Desafio's Peruvian mining operation.
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