A significant gold/silver deposit in Southwestern Guatemala.
Cerro Blanco is a classic hot springs gold deposit with typical bonanza-type gold mineralization. At the end of 2012, the deposit contained 1.3 million ounces of indicated gold resources at an average grade of 15.64 grams per tonne and 0.7 million ounces of inferred gold resources at an average grade of 15.31 grams per tonne.
In light of recent declines in the metals prices the Company has indefinitely suspended work at Cerro Blanco. Care and maintenance activities will continue at site and project development plans will be revisited as market conditions warrant.