The Company holds a 100% interest in the Lo Increíble 4A and 4B concessions in Venezuela. Initial mineral resources based on limited diamond drilling have identified 13.4 million tonnes grading 2.2 g/t, or 940,000 ounces of open pittable gold. The Company is continuing its efforts to obtain an exploitation permit to allow for the development of these gold properties when circumstances in Venezuela are more favourable.

http://www.marketwatch.com/story/gran-colombia-announces-first-quarter-results-and-corporate-update-2011-06-15-84900?reflink=MW_news_stmp