CMJ's Rio Negro property, originally applied for in 2008 based on host rock and structural similarities to the California Vetas mining district to the northeast, has now been shown to host previously unknown gold bearing structures.

Project Summary:

The Rio Negro project is a grassroots exploration project targeting bulk mineable, porphyry-related and epithermal type gold-silver mineralization characteristic of the exploration discoveries along trend to the northeast at the Angostura and La Bodega/La Mascota deposits. CMJ reconnaissance outcrop sampling has returned 6 g/t gold over 0.3 meters in favorable host rocks.

Property Description and History:

The property is 100% controlled by CMJ, and consists of 2,751 hectares as a single, contiguous exploration block. The property, located in northeastern Colombia, is approximately 23 kilometers to the southwest of the town of California, with easy access from the city of Bucaramanga 15 kilometers to the south.

Economic Geology:

Compilation and interpretation of geologic mapping by government agency Ingeominas, and known gold mine locations in the California mining district 21-24 kilometers to the northeast, suggest that the Rio Negro property may be on trend with recent discovery properties controlled by Greystar, Ventana, and Galway Resources. Ingeominas' geologic studies indicate that the intrusive rocks found in the Rio Negro license area are closely related in age and composition to the host rocks found in the California District's Angostura and La Bodega/La Mascota deposits. At the deposit scale, gold mineralization in the California district, is known to be controlled by a primary system of northeast trending faults. This same northeast direction also appears to control the alignment of deposits on a regional scale, and projects towards the Rio Negro property along trend, where CMJ has found the best gold grades to date in a northeasterly striking fault zone.

The Company's reconnaissance level geologic mapping and geochemical sampling have confirmed the occurrence of gold mineralization in favorable intrusive host rocks at Rio Negro. CMJ is currently following-up on these encouraging results.