Samaranta Mining Corporation is a resources exploration and development company that currently is actively exploring for gold and other precious metals with a main focus on Colombia. The company initially is focusing on promising prospects in the immediate vicinity of Colombia's largest gold mine plus near term production projects and an existing operating gold mine. Although the Guadalupe property in Colombia is an early stage exploration project, it holds significant potential due to its proximity to Frontino Gold Mines.
Why Columbia?
Colombia has been the largest producer of gold in South America
Politically stable since 2002 with significant aid from the USA
Colombia was recently ranked 37th in the world, the highest ranking in Latin America, by the World Bank for places to conduct business
Attractive mining code to foreign mining companies
Competitive taxation regime (generous depreciation, low income taxes)