Chinguela Gold Project

(Terrace Gold: 100%)

Huancabamba District, Northern Peru

The Chinguela gold lies adjacent to the Nangali Gold project in norhtern Peru.  Previous joint venture partner, Newmont, had identified a robust gold anomaly at Chinguela up to 1,100 ppbAu in soils over an area of 1000m x 400m.  The exploration programs carried out by Newmont also identified drill targets at Chinguela.