ProspectsSan Gerardo - EcuadorPanTerra Gold holds an option until 20 November 2013 to purchase a 2200ha concession in southern Ecuador which is located at the centre of a proven gold province hosting reported resources (measured, indicated and inferred) to Canadian NI43-101 standard of over 15 million oz of gold.
Consultants have identified five areas of mineralised hydrothermal breccias and a significant area of copper, molybdenum, gold mineralisation (the Vittoria target), as open pit mining prospects. Soil sampling over 1000ha of the concession has been completed, with magnetometer surveys carried out in Q4 2011 which better defined drilling targets. Drilling is scheduled to commence on the 100 ha Vittoria target in Q1 2012. Exploration could result in the identification of prospects of sufficient size and grade to justify the development of open pit mining operations to produce around 100,000 to 150,000 oz gold equivalent/year. The same concession covers the seven small-scale underground mines making up the Azuay project. San Gerardo Project Report - Preliminary Soil and Rock Geochemistry San Gerardo Project - Results from Geophysical Survey, December 2011 Dominican RepublicPanTerra Gold has signed an Agreement with Vancouver-based Novus Gold Corp (TSX-V: NOV) to farm-in to two highly prospective concessions in the Dominican Republic - La Yagua and La Pacienca. PanTerra Gold can earn up to 50% shareholding in the holding company for the two concessions by the progressive expenditure of US$10 million, at PanTerra Gold's option, over the next three years. Of this amount, the Company has committed to spend US$3.0 million over the next 12 months. PanTerra Gold may increase its shareholding to 60% by the purchase, at its option, of a 10% interest from Novus Gold for an additional US$10 million within four years, and has granted the holding company an option to purchase its Las Lagunas processing plant for US$30 million on completion of its tailings retreatment project. La YaguaThe 9900ha concession is adjacent to and along strike from GlobeStar's producing Cerro de Maimon copper/gold mine. Preliminary exploration programs have identified significant base/precious metals mineralisation over a 5 km strike length with grab samples grading up to 17% Cu, 13g/t Au and 29g/t AG. Mineralisation is strata bound Volcanogenic Massive Sulphide type as is the Cerro de Maimon mine and the property justifies extending previous soil sampling to cover the whole concession. Exploration of the first drill ready target should commence Q3 2012. La Yagua Property Geologic Report 27 May 2011 La PacienciaThe 8600ha concession is located 10km east of the Pueblo Viejo gold deposit (+25 million oz) being developed by Barrick/Goldcorp is underlain by the same geology in the Los Ranchos formation as Pueblo Viejo. Prospecting to date has discovered elevated gold values along structural lineaments. Any resource is likely to be predominantly refractory and amenable to treatment through PanTerra Gold's Las Lagunas process plant. FuertePanTerra Gold has applied for a 10000ha copper/gold exploration licence near Bahoruco in south-west Dominican Republic which has evidence of widespread copper/gold mineralisation. Soil and stream sampling will commence when the application is approved (expected early 2012). Trujillo - PeruThe Trujillo prospect, in La Libertad Province, northern Peru, involves the proposed development of a commercial Albion/CIL process plant which can treat sulphide concentrates from operations in the surrounding region. Initial capacity will be aimed at 100,000 oz gold per year. If it proceeds, the project will be developed on a 500 ha desert site 30km to the south east of Trujillo, the regional capital of La Libertad. The location was chosen on land which is unsuitable for agricultural purposes, due to its proximity to potential concentrate sources in the bordering Andes, direct access to the Pan American highway, low cost grid power, and availability of water from a major irrigation canal within 2km of the site. PanTerra Gold has identified, but no yet secured, a number of mines within economic trucking distance for concentrates, which have depleted oxide resources but with underlying refractory ore which could be a source of feed to the proposed plant. The desert site would significantly reduce costs and management issues associated with tailings storage, which is a major problem for Andean mines. The centralised site would also eliminate cyanide use in the mountains because mines supplying feed for the process plant would only produce a concentrate through flotation after crushing and grinding ore, which would be trucked to the proposed plant site. PhotosClick on each image to see a larger view:
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