Chancery Resources, Inc. (CCRY.OB)

Posted: Thu Jun 12, 2008 6:57 am

Chancery's corporate mission is “to acquire, develop, and expand proven gold and mineral properties into world-class assets.” Their business is focused in Columbia, South America, specifically in the El Caafetal region.

The company’s premise is to use modern technologies to extract gold, silver and copper from mines that are currently only extracting gold by completely upgrading the mining equipment and processes. Furthermore, they feel other development in the area is promising for expansion based on recent sampling.

The Columbian government is friendly to foreign investment at this time. On the investor portion of its website, Chancery addresses the risk of investing in a foreign country. According to Chancery, Columbia is one of the most stable economies in Latin America, as well as the oldest and most stable Latin American Democracy.