Picchu Rio Gold
Picchu Rio Gold S.A [PRG] is a 99.0% possessed affiliation of Picchu Rio Gold Mining Company, S.A.C., (“PRGMC”) which is an American controlled Peruvian corporation incorporated in Lima, Perúin 2007. PRG was established in December 2011 to complete studies and initiate mining operations for PRG 2 Metallic Concession located in Perú, Department of Cuzco, 45 miles north and down the river of the sacred citadel city of Machu Picchu on the Eastern slope of the Andes mountain range. PRG was allocated Concession #2 from PRGMC in January 2012 in exchange for 99.0% of its common shares plus a 0.5% royalty on net profits. Concession #2 is an alluvial gold placer mine which encompasses almost 700 acres in area (280.26 hectares) of the Vilcanota/ Urubamba River precious metals deposits in the length of 65 kilometers, with ship ready available of two million tons of proven and probable gold and platinum reserved stockpiles.
Picchu Rio Gold’s # 2 concession holds stockpiles in excess of 2 million tons of the reserves of the concession’s 24 million tons of minable reserves. The location is at the end of the “river of running gold” of Inca history, conferencing with the YanateleRiver forming the Upper Urubamba River. The entire deposit of recoverable reserves extends 65 kilometers of the river thru 23 concessions in 7 companies controlled by Phoenix Minerals S.A.