$AFYG currently has 2 projects – The Machacala Project is a hard rock property located in the District of Carabamba, province of Julcan, La Libertad region to the North of Peru, at an elevation of 3,300 meters above sea level. The property contains 966 hectares comprised of 18 contiguous concessions. It is approximately 110 miles southeast of the city of Trujillo, capital of the region, and 574 Km of Lima, capital of Peru.
The La Libertad is one of the largest Gold and Silver producing regions in Perú and in the World, including mines such as Yanacocha which is producing millions of Gold ounces annually; 42 kilometers east of the coastal city of Trujillo in northern Peru.
The Carabaya property is located along the Inambari River basin in the Puno region of Southeastern Peru. Archaeological researchers have claimed that the source of gold adorned by the Incas was from the Eastern slopes of the Andes. The Inambari Madre De Dios River system is relatively close to Cusco, Machu Pichu, and other Inca ruins suggesting that this area may have been mined for centuries. In 1860 explorers found gold in the Rio Madre de Dios here, and later in the 20th Century the Corps of Mining Engineers catalogued this river as being rich in gold.
