Currently Mayo Gold has a main search based in Mexico but also looking for exploration plrojects in Chile, Peru, Ecuador, Brazil, Argentina, Colombia, Bolivia and Venezuela.
Our objective is to explore for precious metals in these countries, primarily gold and silver.
Management all together, has been involved in the mining business for over 60 years and also involved in previous discoveries. This industry is highly sensitive to this. Factors influencing our recent performance include consistency and training. The largest opportunity we face is the current price of Gold. It appears that in the following quarters oil prices will stay above 50 dollars, according to a news release issued by OPEC. We hope to take advantage of this opportunity by aggressively seeking funds in the Capital Markets, so that our company has sufficient funds to perform the required mining exploration activities which include drilling and the utilization of highly sophisticated geological exploration methods.
