AndeanGold Ltd. (formally EcuaGold Resources Ltd.) was incorporated in British Columbia, Canada in February 2006, completed a Private Placement Seed Offering of $1.0 million in August 2006, closed its IPO Offering for $6.9 million in December 2006, and commenced trading on the TSX Venture Exchange, under the trading symbol "EGR", on January 12, 2007. Effective October 14, 2008, in conjunction with the Company's name change, AndeanGold began trading on the TSX Venture Exchange under the symbol "AAU".
AndeanGold Ltd. is engaged in the acquisition, exploration and, if warranted, the potential development of precious minerals properties in Peru, Ecuador, and Colombia. The focus of the Company's exploration activities is presently in advancing its Urumalqui advanced-stage Au-Ag exploration property, as well as pursuing mineral property acquisitions, in Peru. The Company's principal projects in Ecuador are theMolleturo Project, a high-grade polymetallic vein system, the Curiplaya Project, a gold-copper porphyry system and the San Bartolomé Project, a high-grade polymetallic vein system. The majority of AndeanGold's properties are located in southern Ecuador.
In connection with its TSX Venture Exchange listing, AndeanGold obtained NI 43-101 Reports for its two principal exploration properties in Ecuador, the Molleturo and the Curiplaya Projects. Based on these reports, both projects were classified as Tier I qualifying properties for purposes of the listing.