Origin Merchant Partners is pleased to announce that CB Gold Inc. (“CB Gold”) has completed its acquisition of 100% of the Santa Ana Silver Project from Condor Precious Metals Inc. Santa Ana covers the core of the historic Mariquita Silver District, one of Colombia’s most prolific colonial silver mining camps with production dating back to the sixteenth century.
Origin Merchant Partners identified the target acquisition for CB Gold with respect to this transaction.
CB Gold Inc. (“CB Gold”) is a well-financed precious metals exploration and development corporation majority owned by near term producer Red Eagle Mining Corporation. CB Gold has an experienced exploration and mine development team focused on building shareholder value through acquiring and developing high grade gold and silver projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. CB Gold owns 100% of both the Vetas Gold Project and the Santa Ana Silver Project, which consist of numerous historic and existing mines and where exploration is currently underway to delineate high-grade vein resources exploitable by modern underground mining methods.