Properties: Ceibo Chico

The Ceibo Chico gold prospect is located in the Cayo district of west-central Belize.The local geology consists of intrusive and metasedimentary rocks that are bounded by volcanics to the south and Upper Cretaceous limestones to the north.

The prospect property consists of four contiguous exclusive prospecting licences covering approximately 34 square kilometres and a 96-acre mining licence.

Historical past production included a single dedicated test, which was conducted by Boiton Minerals Ltd., between 2001 and 2002, and reportedly produced approximately 600 ounces of gold, with approximately 10 per cent of this amount, consisting of coarse gold and nuggets weighing between 0.25 ounce and 1.1 ounces.

The Ceibo Chico Creek appears to cut a geological formation that is responsible for the placer gold values in the drainage system.

Work to date suggests that the fan on the lower end of creek has the potential to continue to yield gold-bearing gravel. Trenching and bulk sampling should be undertaken in this fan area with the intent of defining a resource block of minable gold-bearing gravel.