Armadillo is a publicly traded company headquartered in Vancouver, British Columbia with a mandate to acquire, explore and develop base and precious metals properties throughout North & South America. In July 2010, we purchased from a privately held group, a 100% interest in the LD gold property located southeast of Atlin, BC from a privately held group. In May 2011, we acquired the Amazon Basin Projects in northern Brazil which encompasses 154 concessions in the states of Amazonas, Mato Grosso and Rondonia. The acquisition comprises approximately 1,250,000 hectares of processos minerais (mineral exploration). Most of the claims have been staked over Archaen to Lower Proterozoic greenstone belts which are considered to be prospective for gold. Gold production by artisanal miners (garimpeiros) in northern Mato Grosso from the end of the 1970 to 2000 is reported by the National Department of Mineral Production (DNPM) to have totaled 123t. In March 2013, we announced the completion of the acquisition of the historic Flagstaff Gold Mine in Baker City, Oregon. The Company intends to complete an initial program of sampling, trenching and drilling which will also include an upgrade to the existing tunnels to gain access and verify the existing orebody.
The Mining sector includes emerging companies engaged in mineral exploration and development, the backbone of Canada's natural resource industry.