December 31, 2011 In Dec/09, initial exploration work has not commenced at the Group's Molinetes prospect in Peru. Accordingly, all costs associated with this prospect were written-off during 2008.
March 12, 2007 Announced that the Supreme Decree authorising the acquisition of the Molinetes gold property in northern Peru has just been published in the official gazette "El Peruano", Supreme Decree No. 010-2007-EM. The first stage of exploration will involve geological mapping of the area, soil and rock chip sampling and systematic grid drilling using both diamond and reverse circulation methods.
March 31, 2006 Reportedly, it is only since late 2004 that small scale artisinal mining, superficially down to depths of 20m, has taken place on high grade gold bearing quartz veins.