The Achachucani Gold Project (formerly known as the Pederson Project) is located in the central west side of Bolivia, approximately 360 km south of La Paz. The property comprises approximately 78 square kilometers within 13 contiguous concessions. The claims contain a near surface, structurally controlled, sediment hosted gold deposit. Orvana Minerals Corporation and BHP, defined an area of continuous mineralization for which a historical resource estimate of 51.6 million tonnes grading 1.4 g/t Au containing 2.3 million ounces of gold was delineated. Approximately 20% to 25% of the historical resource is reported to be contained within oxidized material which potentially could be heap leached. This resource is historical in nature and is not NI 43-101 compliant. Castillian has not done the work necessary to verify this resource and cautions that this estimate should not be relied upon.
Catillian Resources has recently entered into an assignment agreement with South American Tin to assigin its interest in the Achachucani Project. For more information please see the Press Release issued December 19th, 2012