| Risk and valuation analysis of the Rio Seco Project |
| Status Risk : Early discovery |
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| Title(s) of the Rio Seco Project |
 | AndeanGold
Option on interest: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| According to the terms of the Agreements signed on December 11, 2008, PGR has the option (the "Option") to purchase, for US$340,000, a 100% interest in each of the 11 concessions by making the following cash payments, in total, to the Concessionaires. |
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| Location of the Rio Seco Project |
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The Rio Seco Project is located in the Department of Libertad, Peru, 33 kilometres southeast of the city of Trujillo. There is excellent access to the Project, mainly on paved highway. The city of Trujillo is located 480 kilometres north of Lima and can be easily reached by direct daily flights (45 minutes).
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| History of the Rio Seco Project |
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The first mining activities in the area date back to 1980. However, there has been principally only limited, artisan exploration and exploitation activities carried on to date. Newmont Mining and Barrick Gold carried out some limited exploration activities in the early 2000s. The Government of Peru (Proyecto Especial Chavimochic) owns the land encompassing the Project area.
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| Geology of the Rio Seco Project |
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The Project area contains numerous outcrops of the Late Cretaceous "Coastal Batholith", composed of porphyritic diorite, granodiorite and tourmaline granodiorite rocks affected by a zone of strong shearing. These rocks have intruded metamorphic and v more...
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