Ventana Gold Corp.

Overview

Ventana Gold Corp's flagship La Bodega project area covers 880 hectares in the historic California-Vetas gold mining district of northeastern Colombia. The project area comprises the La Bodega, Coloro, El Cuatro and La Baja mineral rights tenements that are 100% owned by Ventana Gold Corp. In March 2011, AUX Canada Acquisition Inc. acquired Ventana Gold Corp. for $1.5B.

Scope of Work

2010 - 2011
JDS Energy & Mining Inc. was retained by Ventana in August 2010 to reactivate mine operations in accordance with the current exploitation permit. JDS' scope of work was the construction of a 20 tpd pilot plant, followed by a 200 tpd pilot plant including:

With existing operations consisting of La Bodega and La Baja Proces Plans currently suspended, JDS' scope of work included:

• Convert an agreed strategy into concrete work plans for implementation on site
• Design, procure, assemble, ship and install required equipment
• Partner with Ventana Human Resources and CVS Exploration to field labour force requirements
• Establish and implement Health, Safety and Environment standards to satisfy both Colombia regulations and industry best practices
• Manage site modifications, construction and plant commissioning
• Analyze underground mapped workings and current drill and mapping data
• Procurement of an underground mining fleet
• Manage underground mine reactivation and operation

Value $10,000,000