Risk and valuation analysis of the Batero Quinchia Project |
Status Risk : Early discovery |
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Title(s) of the Batero Quinchia Project |
| Batero Gold Corp Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The Company paid $1,680,000 in units priced at $1.50 each to complete the 100% acquisition of the Quinchia Project. A total of 1,120,000 units will be issued to complete the acquisition of the property. Each unit comprises a share and a half warrant, with each full warrant exercisable for two years at a price of $2.25 |
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Location of the Batero Quinchia Project |
The Batero-Quinchia Project is located within the Municipality of Quinchia, Department of Risaralda, Republic of Colombia, approximately 55 km to the north of the regional capital, Pereira
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History of the Batero Quinchia Project |
Previous exploration of the Batero-Quinchia Project was completed in 2006 that comprised diamond drilling totaling 4090 metres. Fifteen holes were drilled to an average depth of 250 metres. The two deepest drill holes tested the main targets to total depths of 492.7 and 550 metres.
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