Midasco Capital Corp. is a publicly traded exploration and development company, based in Vancouver, British Columbia. Midasco has elected to concentrate it’s gold exploration efforts in the Republic of Colombia, with the recent acquisition of seven (7) exploration licenses covering approximately 10,000 hectares in the southern portion of Bolivar State.
The Cerro Largo Project is located in the Monte Cristo Tiquisio area and comprises licenses 269, 270,271 & 272 covering approximately 4,893 hectacres. According to the latest census conducted in this area their is about 600 mines and around 3,000 people working. Several have legal licenses while others are operating small illegal operations.
The Rio Caribona Project is located in the Cinnamon Zone of the Santa Rosa Canelos area and comprises licenses 582, 583 and 585 covering approximately 5,183 hectacres. There are several mines operating in this area, with the Mina Penon and Mina Walter directly adjacent to license 583.
Southern Bolívar is located on the Serrania de San Lucas, northern foothills of the Cordillera Central of Colombia and the geological continuity of the mining districts of northeastern Antioquia, which has become a “potential gold mine” for serious exploration companies seeking to invest in this region.