Century Mining Peru's Colina Dorada Property is located in northern Peru. The project covers a 60 km2 area located approximately 130 kilometers northeast of the city of Piura in the District of Las Lomas, and is situated in low foothills on the border with Ecuador along the Rio Chirra. The region is very dry, characterized by low scrub brush and cactus, and is sparsely populated.
The Colina Dorada property is located near Plexmar Resources' Bolsa del Diablo property. Plexmar has reported high values of gold (186.5 g/t), silver (141 g/t), and copper (0.8%) from sampling in veins, stockworks, and significant alteration zones. Numerous itinerant miners -- known as "informales" -- are working on the Colina Dorada property, with oxidized gold ore being produced and hauled in bags to small processing mills.
Dynasty Metals and Mining, working in Ecuador north of the Colina Dorada property, has delineated a previously unexplored Copper-Gold Belt in Ecuador, which trends south west into the Colina Dorada property. The Copper-Gold Belt is approximately 90 km long, 20 km wide and trends through the Colina Dorada property on strike with the well known Tambo Grande deposits located south west of Colina Dorada. The Colina Dorada property shares similar geology with Bolsa del Diablo, consisting of epithermal veins and stockworks in volcanic and minor sedimentary rocks of the Lancones Formation. These rocks have been intruded by plugs and stocks of granodiorite. Younger felsic dikes cut the granodiorites.
A systematic exploration program consisting of geological mapping, prospecting and sampling over the property position will be carried out at some time in the future.
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