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Company Profile Chancery Resources' corporate mission is to acquire, develop, and expand proven gold and mineral properties into world-class assets. With a focus on acquiring interest in properties through mineral evaluation in mining friendly areas, Chancery’s goal is to create increased value for our shareholders and partners doing so in a socially and environmentally responsible manner.
The Company uses in-house expertise and its group of consultants, prospectors and industry contacts to identify, acquire and evaluate prospects with the potential to host large and/or high-grade base, precious metal deposits. Its preference is to maintain 100% interest in properties through initial evaluation.
Our Business Model: It involves a long-term, systematic and results-oriented approach towards exploration research, supported by a scaled expansion of field operations on carefully selected assets, combined with a synchronized investment in planning for potential mine development. Mineral Rights and Properties
- Colombia, Antioquia: Chancery's core project is the El Cafetal Gold Mine in the historic Valparaiso gold mining district of Colombia. The El Cafetal concession covers an area of 135 hectares and Chancery's management team is focused on the expansion and exploitation of this gold, silver and copper deposit. Chancery's plans include a complete upgrade of the existing processing plant at El Cafetal installing a modern mineral recovery plant and greatly increasing production rates. The current operation is processing and capturing only the gold, so the new processing plant would be capturing gold, silver and copper maximizing cash flow and lowering operating costs. The upgraded processing plant should greatly assist and accelerate Chancery's plan to fund and expand the El Cafetal concession. Chancery's geologists have identified four other large zones within the concession mineralized with gold, silver and other base metals. Field geologists have been sampling and exploring these zones and the company will release results as they come available. The El Cafetal mine is situated in the Dept. of Antioquia which has been Colombia's most prolific gold producing region for hundreds of years but has seen little modern exploration or development, leaving much of its potential to be realized. The diverse geological environment makes possible the exploitation of a wide variety of minerals and metals of considerable economic consequence. Colombia is a major producer of gold, silver, emeralds, platinum, oil and coal. - Canada, B.C.: The HCL Property is a mining claim located in Merritt, British Columbia, Canada, and totals 415.04 hectares or 1,026 acres approximately. The HCL mineral claim is comprised of 20 contiguous cells totaling 415.0483 hectares. The center of the property is located at the latitude 50o 2' 14" N and the longitude is 120o 47' 1" W. The claim is motor vehicle accessible from the Town of Merritt, B.C. by traveling 19 miles east along Highway #5 beyond the Village of Quilchena, B.C. to the Minnie Lake cut-off and then for 18 miles south by gravel ranch roads to the mineral claim. The geology of the HCL mineral claim may be described as being underlain by units of the Nicola Group. Some or all of these units may be found to host economic mineralization. The property geological setting offers good underlying possibilities and all overburden areas should be checked if a field program is undertaken. The deposit types that historically predominate in the general area are, as the larger target, as a porphyry-type base metal (copper-gold-palladium or copper-molybdenum) occurrence with peripheral base and precious metal occurrences as veins and/or contact zones of mineralization. The most prolific host in this area is the Nicola Group andesitic tuffs that are often skarned or altered. Any occurrences of Princeton Group sediments, i.e. shales, sanstone, etc. should be checked thoroughly for coal occurrences and possibly coal-bed methane gas possibilities. Forward-Looking Statement: All of our properties are in the exploration stage. There is no assurance that we can establish the existence of any mineral resource on any of our properties in commercially exploitable quantities. Until we can do so, we cannot earn any revenues from operations and if we do not do so we will lose all of the funds that we expend on exploration. If we do not discover any mineral resource in a commercially exploitable quantity, our business could fail.
Management Rafael A. Pinedo - President and Director Mr. Pinedo has over 20 years of experience in the areas of consulting, engineering, and energy. Since December 3, 1998, Mr. Pinedo has served as president and chief executive officer of Pilgrim Petroleum Corporation (PGPM.OTC and PHV on the Frankfurt Stock Exchange), an oil and gas exploration company based out of Dallas, Texas. Since December 31, 2003, Mr. Pinedo has also served as president and director of engineering and operations, for American Petroleum Corp, an Irving, and Texas based operating company, and managing director of American BNP Resources LP based in Midland, Texas.
Juan Restrepo Gutierrez - CEO/ CFO/ Secretary and Treasurer Juan Restrepo Gutierrez is the President and CEO of Chancery Resources and the Managing Director of his mineral and geological consulting company based in Medellin, Colombia.
Jeffrey Fanning - Vice President of Exploration and Director Mr. Fanning has over 16 years of experience in engineering, field services and consulting. Mr. Fanning is currently president of Lariat Energy Corp. a field and exploration service company and was vice-president of operations at Pilgrim Petroleum Corp. (OTC.PGPM) until December 2006. Mr. Fanning worked as an operations manager for American BNP Resources LLC a drilling and operating company. Prior to this, Mr. Fanning has been involved in property development and further strategic property acquisitions and assisted a number of public companies in developing their operating plans for their exploration operations.
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