CARABAYA PROJECT (AMR)
T he Carabaya 500 hectare property is located along the Inambari River basin in the Puno region of Southeastern Peru. Archaeological researchers have claimed that the source of gold adorned by the Incas was from the Eastern slopes of the Andes. The Inambari Madre De Dios River system is relatively close to Cusco, Machu Pichu and other Inca ruins suggesting that this area may have been mined for centuries. In 1860 explorers found gold in the Rio Madre de Dios here, and later in the 20th Century the Corps of Mining Engineers catalogued this river as being rich in gold.
Currently there are 'illegal miners' all along the river and well upstream from the property indicating that the river banks as well as the terraces are auriferous and beg to be explored and mined. 'Illegals', using very poor mining methods, are pulling 1kg of gold per day just across the river from the Carabaya property.
Ownership: AMRs concession rights ownership is acknowledged through the issuance of Certificate No. 799602006 INACC-UADA , issued by Perus National Institute of Concessions and Mining Cadastre. The certificate was granted in October 2006 and later published and dated on December 11, 2006.
Carabaya Project Highlights:
• 500 hectare alluvial mine
• Located in the gold rich region of Puno, Peru
• Extensive report done on the property in 2009
• 36,432 ounces of proven gold
• 2,055,700 ounces of probable gold
• A number of legal and illegal mining operations in the area are pulling vast amounts of gold from the soil
R. W. Laakso, B. Sc.; P. Eng.
Shaft & Tunnel Engineering Services Limited
Holland Landing, Ontario, Canada
Link: Technical Report
Link: Carabaya Strategy Plan