Investors
Snapshot
All information below is as of February 24, 2010 unless noted otherwise.
Download March 2010 Snapshot (280 KB, PDF)
Why invest?
People
The Company is a pure gold play with a proven management and board, including five former Aurelian executives/directors, and other mining industry veterans. The team has a successful track record in mining exploration, discovery, development, financing and mergers & acquisitions.Projects
The Company is well-funded and is actively exploring on all three of its properties, thereby increasing the likelihood of success. The project locations have been carefully chosen to be highly prospective, containing multiple target zones and alteration systems similar to those of nearby Barrick gold deposits that contain 30M oz of gold.Jurisdiction
We are operating in the pro-mining jurisdiction of San Juan province, Argentina, with the support of the provincial government. San Juan hosts two large operating gold mines, one world-class development project and numerous exploration projects.
Projects
| Project & Ownership | 2009/2010 Planned Field Activities | Size | Type |
|---|---|---|---|
| Del Carmen 100%-owned | Mapping, trenching, geophysical surveys and 5,000 metres of diamond drilling | 14,700 hectares | Two large high sulphidation epithermal goldsilver systems (DC Norte and DC Sur) |
| Despoblados 100%-owned | Mapping, geophysical surveys and diamond drilling | 3,600 hectares | Buried low to intermediate sulphidation gold-silver system |
| Los Amarillos 100%-owned | Sampling, mapping and geophysical surveys; drilling if warranted by earlier-stage results | 4,100 hectares | Widespread high sulphidation epithermal zones |
| Totals | 22,400 hectares | ||
Financial and share information
| TSX:V listing | MBG |
| Working capital (Dec. 31, 2009) | $6.7 million |
| Shares outstanding | 56.5 million |
| Fully diluted shares | 69.6 million |
| Insider holdings (Management, Directors and Founders) | 29% of shares outstanding |