In June 2011, the Company claimed the Graystone II project from the Peruvian government. The project consists of 800 hectares (one hectares equals 2.47 acres) located in Loreto, Peru (Northern Peru). The property is adjacent to the Company’s Gorilla Project. The Company is currently in the process of having the project moved into its subsidiary. Once that is completed, the Company will begin preliminary exploration activities on the property.