AXG’s two properties, Condoroma and Coporaque, are located along a highly prospective copper-gold mineralization belt (the Andahuaylas-Yauri belt).  This mineralization belt has had a long history of mining and runs through several large mines and development projects including Tintaya mine and Las Bambas and Antapaccay development projects owned by Xstrata plc (XTA.L); the Constancia project recently acquired by Hudbay Minerals (HBM.T); the Haquira project recently acquired by First Quantum Minerals (FM.T); and the Quechua project owned by Pan Pacific Copper Company.

Peru is widely considered one of the best mining jurisdictions in the world ranking 3rd globally in copper production, 4th in the world in molybdenum production and is Latin America’s largest producer of gold. With a strong mining culture and a large pool of experienced workers, Peru is ranked 6th globally and 2nd in Latin America in terms of attracting exploration investment. 

Figure 1: Map of Southern Peru, highlighting the location of  AXG's projects, Condoroma and Coporaque, nearby mines, development projects, and the prominent Au-Cu mineral trend (Andahuaylas-Yauri mineralization)