El Cafetal Gold Project

Caerus has entered into a Letter of Intent with Inversiones Midas Ltd, a private Colombian corporation, for the 100% acquisition of the El  Cafetál Mine, located in Valparaiso Municipality, Department of Antioquia, Colombia. Exploration at the project has located 50 tunnels and adits which have been the source of historic gold production. Company personnel are currently on site conducting sampling and mapping of the open tunnels and also completing a soil MMI sampling program.

The 135 hectare mine area lies 12 kilometers north of the Marmato disseminated gold-silver district. Medoro Resources Ltd. ( TSX-V: MRS), owner of  the Marmato deposit in Marmato district reports an NI 43-101 compliant measured and indicated resource of approximately 7,490,000 ounces of gold and 47,956,000 ounces of silver in a total of 245 million tonnes of material with an average grade of 0.95 gpt gold and an average grade 6.09 gpt silver,  plus an additional inferred resource of approximately 2,232,000 ounces of gold and 13,432,000 ounces of silver in a total of 76 million tonnes of material with an average grade of 0.92 gpt gold and 5.51 gpt silver.  The project is also adjacent to the Yarumalito Project, currently under evaluation by Colombia Mines Corporation (TSXV:CMJ).  The El Cafetál project area has a current Environmental License and valid Work Plan, and is easily accessed by paved road. The project is at an elevation ranging from 1400 to 2140 meters which is below the Law 1382 ( Colombian ) restricting mining above 3,200 meters.

Caerus management believes El Cafetál has the potential to host large bulk mineable style mineralization as well as high-grade structurally controlled gold silver mineralization. The Company intends to immediately begin a program of project reconnaissance and sampling which will focus on defining the known areas of vein mineralization, and further quantify the disseminated mineralization.  

GEOLOGY: High grade gold veins with potential dissemination

LOCATION: Antioquia Department, 12 kilometers north of the Marmato Gold Mine and district

EXPLORATION: Soil sampling, tunnel sampling and MMI sampling underway to identify drill targets

OWNERSHIP: 100% Purchase Option