The property consists of 34 mining claims totaling 8,650 hectares partially surrounding Yamana Gold's El Penon mine and is located approximately 130 kilometres southeast of Antofagasta, Chile. The property consists of five separate blocks, including the land package immediately to the west of the Pampa Augusta Victoria discovery veins. The property covers land in the same geological environment as the El Penon mine (total of 7.5 million gold-equivalent ounces in mineral reserves and resources as of Dec. 31, 2012), hosting several identified north-south-trending epithermal quartz veins with anomalous gold and silver at or near surface. The veins are typically one metre to over six metres wide with individual strike lengths of over 1.5 kilometres. The most prominent vein identified to date lies approximately 1,000 metres west of Yamana's Pampa Augusta Victoria discovery vein system.Historical results from trenching and drilling on these veins, as provided to the Company by the Vendor, have demonstrated anomalous values up to 1.2 gpt Au & 16.9 gpt Ag at or very near surface. Mineralized veins in this area, including those at Yamana’s Pampa Augusta Victoria and El Peñon deposits, are predominantly north-south trending and typically host gold & silver resources starting between 150-300 metres below surface. Anomalous gold and silver in veins overlying the resource is common and considered a positive indicator of economic mineralization. Historical work consisted primarily of mapping, surface sampling, trenching, and reverse circulation drilling.