American Battery eyes Colombia gold, cans Bayshore deal

Junior mineral explorer American Battery Metal has signed a nonbinding letter of intent (LoI) to buy a private Canadian gold company, which has exploration assets in one of the most prolific gold producing regions of Colombia.

Fenix’s flagship property, the Abriaqui project, is the nearest gold exploration project to Continental Gold's Buritica mine. Abriaqui is a drill-ready advanced exploration project that shares many geological similarities with Buritica.

American Battery notes that Abriaqui and Buritica sit in the same geological setting along the Cauca trend.