Tel. (507) 264-4705
Tel. (507) 264-4722
Tel. (507) 264-4731
Fax: (507) 264-4680
Via España, Plaza Liza’s Building. 4th floor 
Panama City, Panama
P.O. Box 0816-02164 Zone 5

Executive Summary

The Capira Mining District of central Panama has been mined for gold and silver since pre-colonial times. Since 1991, a private Panamanian company, Capira Dorada S.A, has consolidated and systematically explored the district.  Although vein and bulk tonnage gold potential exists elsewhere in the district, the current focus of Capira Dorada is the Columbia Project within the eastern half of the Cindy Zone.  Exploration at the Columbia Project has revealed an above-average epithermal gold-silver vein system, which clearly warrants further work and has considerable promise as a viable mining operation at conservative metal prices.

The system of gold-silver quartz veins at the Cindy Zone is known to outcrop over a 1.5 km trend, including a strike length of 195 m on the Columbia structure. The Columbia veins are narrow-width (1-4m), steeply dipping, and tabular with oxidized mineralization. Systematic trenching and sampling across the veins has reported high-grade gold values, as shown below.
Metallurgical, petrographic, and geologic investigations of oxide material suggest simple processing methods can be used, with gold recoveries of 90%.  The veins are in a location and configuration favorable for rapid development of a small underground mining operation.  The vein system is exposed over a vertical distance of 50m.  Analogous deposits in the district indicate mineralization depths of 200 to 220m are reasonable to expect.  Drilling is required to better define the extent of high-grade oxide mineralization.

  •   Pre-Feasibility/Conceptual Study on Columbia Target prepared by Behre Dolbear on 2002.
  •   Several Petrography studies prepared by Petrographic International Consultants.
  •   Metallurgy prepared by Lakefield Laboratories Ltd.
  •   Renowned geologists have given their advisory service from the beginning : PAH (Mark Stevens), Michael Seaword, and        AMED E.I.R.L (Francisco Vargas).


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