Mining at the Santa Rosa gold project pre-dates the 17th century. 45,000 metres of core drilling have been completed on the San Ramon gold deposit and a positive Feasibility Study supports project development. The September 2014 Feasibility Study includes $74 million in initial capital costs and cash costs of $600 per ounce. Post-tax project economics include cash flow $138 million, NPV5% $108 million, IRR 52% and payback within 1.5 years. Project finance and permitting are well advanced.