The Maguarichic property is host to epithermal hot spring gold prospects. In November 2010, Fresnillo, Plc. (“Fresnillo”), and the Company reached an amicable agreement whereby Fresnillo gave up its 30% interest in all of Maguarichic, and the Company transferred approximately 30% of the land concessions it held in the western section of the concessions to Fresnillo. The Company now holds 100% direct interest in its remaining Maguarichic Property.