The 100%-owned Shahuindo Gold Project covers approximately 80 square kilometers in the Cajabamba Province in northern Peru. It is located in a historically known mining region 80 kilometers south of Cajamarca, the region’s capital city, and 15 kilometers west of Cajabamba city. This region has excellent infrastructure and is accessible year-round at a good working altitude of 2,700 to 2,900 meters.

Neighbouring gold mines include Barrick Gold’s Lagunas Norte Mine, 30 km to the south, and the Yanacocha Mine operated by Newmont Mining Company 80 km to the north; both million ounce per year producing mines.

Mine construction and gold production at the Shahuindo Gold Project is anticipated in 2012.