Vetas Gold Project
The Vetas Gold Project is a combination of small producing mines and detailed exploration over adjacent areas. Although historically there have been a number of small underground mines producing gold near the village of Vetas, District of Santander, the project is at an early stage of development. Prior to CB Gold´s acquisition of the properties, at least eleven small underground mines were in production, but no systematic underground exploration and development, or surface exploration, was carried out on the property by previous owners.
CB Gold has acquired interest in nine mining titles, of which six are registered in the name of the Company. All nine properties host quartz veins containing high grade gold and have historical production. In total, the project covers a total area of more than 1,000 hectares in Northeastern Colombia
In 2009, CB Gold commenced a systematic gold exploration program including investigation of gold showings, compilation of available mining and exploration data, lithogeochemical sampling of the stockwork area and geological mapping and lithogeochemical sampling and geophysics survey. Since September 2009, CB Gold has collected over 1,700 samples including surface samples and samples from the 6,000m of existing underground workings to which CB Gold has access. These samples include channel and chip channel in veins and panel in stockworks. Geochemical results have been up to 667 g/t Au and 3,090 g/t Ag.