Content area
Abstract
Batero Gold Corp. (TSX VENTURE:BAT) is a Vancouver-based precious and base metals exploration and development company focused in Colombia's emerging and prolific Mid-Cauca porphyry gold and copper belt. Batero is located within the Quinchia district and has 100% ownership in the Batero-Quinchia Project, comprising a 1407 hectare tenement. The Batero-Quinchia Project includes three known gold porphyry target centres. The Quinchia district and Batero's project is considered socially stable and mining friendly and is supported with a comprehensive infrastructure network. Batero has assembled a strong management and technical team in Colombia whom have contributed to numerous significant discoveries throughout Colombia. Batero plans to leverage its share structure with strategic local and regional relationships, and long-term financial partners, to develop its prospective project into what the Company believes will be Colombia's next major mining venture.
Batero is aggressively drilling its Batero-Quinchia Project, with the goal of completing a compliant National Instrument 43-101 resource estimate during the second half of 2011. Batero is currently undertaking its Phase 1 -- 16,000-metre -- drill program, and presently has four drills operating at the project. The company's drill program is focused primarily on defining the mineralized extents of previously discovered porphyry bodies (2006) and to test newly discovered target areas.