Cuba hosts numerous gold and copper deposits that have been extensively explored by Canadian, Russian, and Cuban mining companies, but where development opportunities have been substantially overlooked by the international mining sector for over twenty years.
Over the past five years, Antilles Gold has developed excellent relations with GeoMinera SA, which has culminated in the establishment of a 49:51 joint venture mining company, Minera La Victoria SA (“MLV”).
The joint venture’s flagship project, the La Demajagua gold-silver mine on the Isle of Youth in south west Cuba, is in the predevelopment phase with the Definitive Feasibility Study (“DFS”) for the first stage open pit operation to be completed in time for a development decision in Q4 2022.
The joint venture has additional development opportunities including a major porphyry copper-gold system at Ciego de Avila with potential for a +500Mt open pit operation, and a large VMS deposit at Golden Hills.
The joint venture’s aim is the near-term establishment of a substantial mining company in Cuba.