Sunward Resources Ltd. is focused on the exploration of large porphyry gold-copper project in Colombia. The Company's core asset, the Titiribi project, hosts an NI 43-101 compliant Indicated Mineral Resource of 2.2 million ounces gold within 142.94 million tonnes grading 0.480 grams/tonne gold and 0.148% copper, using a 0.3 grams/tonne gold cut-off. The Titiribi project also hosts an Inferred Mineral Resource of 6.08 million ounces gold within 372.7 million tonnes grading 0.507 grams/tonne gold and 0.078% copper, using a 0.3 grams/tonne gold cut-off. Please see the Company's press release dated September 8, 2011, which is available on this website, for more information regarding the Titiribi project.
Gold producers are increasingly struggling to replace reserves. Large, bulk-tonnage gold porphyries are becoming a critical target as producers can book tens of millions of ounces at relatively low finding costs.
Colombia is prime exploration territory for gold-rich porphyries. Sitting at the northern end of the prolific Andean porphyry belt, the nation has gone under-explored due to political conflict during the past half-century.
Sunward is well-capitalized to carry out its development programs, having raised over $80 million since going public in March 2010. The Company is supported by some of the natural resource industry's most respected investors, including the Electrum Group, Paulson & Co. and Tocqueville Asset Management. Sunward's management and Colombian partners are also substantial shareholders in the Company.
Sunward has acquired the most well-known porphyry in Colombia---Titiribi project from the GoldPlata Group. The Goldplata Group has been active in mineral exploration, operations, and development in Colombia since 1991. The principals, Georges and Michel Juilland are both graduates of the Colorado School of Mines.
Sunward owns a 100% interest in the Titiribi project.
Sunward conducts its exploration and development, and operating activities in a safe environmentally responsible manner. We acquire, explore, develop, and operate our mineral property assets with a commitment to be part of the community and deliver excellence in creating real benefits for our stakeholders.
Sunward is rapidly building shareholder value through growth and exploration.