Surface and Bedrock Geology- One of the most striking bedrock features of the Property is the widespread occurrence of a hard, well cemented, limestone bed, up to 2 meters thick. The hard limestone layer forms a modestly undulating topography with gentle ridges separated by small basins. Distance from ridges to ridge, as seen along the Property’s main roadway, is often less than 100 meters and the height of the ridge above the basin floors are estimated to be only a few meters.

In the basin-like areas, a thin bed of soft limestone, locally termed marl, is preserved and readily available as it is the preferred aggregate in Belize for land filling and unpaved road surfacing.

In the southern part of the property, flint nodules occur in this marl. In addition, the marl and the hard limestone bed appear to be conglomeratic; i.e., there are clasts (fragments) of limestone ranging in size from pebble up to an occasional boulder, popular for use in areas that require more intensive filling.

Thin (often less than 1 meter in thickness) clay layers occur on top of the marl beds. The clay is rarely silty and based on descriptions of clays in other areas of northern Belize some of these clays could be bentonitic.

The north east of Belize is part of the low-lying Yucatan Peninsula (The Property’s coastal area), typically being extremely flat with very little variation in height, maximum elevation being no more than 1 meter above sea level. 

The southern limestone bedrock of much of the coastal area has a fairly deep band of sediment deposited above it. However, the sediment is easily excavated and the bedrock beneath provides a reliable foundation for development.

Hydrocarbon (oil & gas): Although seismic surveys for hydrocarbon exploration have not been conducted on the Property, the petrochemical mapping system for Central America shows that the property lies in the Corozal Basin, part of the Yucatan Platform. This is thought to be the eastern continuation of the Northern Peten Basin and the western continuation of the Yucatan Basin, both of which have proven to be high oil producing areas in neighboring Guatemala and Mexico (CEP 2000, unpublished). For this reason, this area has attracted much of the country's oil exploration activities in the past and test wells drilled in area adjacent to the Property have recorded live oil shows.

Limestone (aggregate): The widespread hard limestone layer can and is presently quarried and utilized as rock aggregate and sand for development projects on the property. This is a great benefit to any development on the Property as source material is readily available onsite and the cost associated with exterior sourcing and transportation are effectively eliminated.

Bentonite (clay): The clays are quite plastic and, depending on firing/testing results, could be drilled and used for impervious liners for waste dumps, handicrafts, scale pottery, bricks, or ceramic production.

Other Economic Minerals & Rocks: Besides the numerous reports of hydrocarbon occurrences in exploration wells, geological studies on the property have shown strong potential for economic rocks and minerals in the subsurface and surface of the Property. The following potential resources now warrant further investigation as to the extent of their presence:

• Gypsum – wallboard, cement retardant and soil amendment in agriculture
• Hydrothermal mineralization associated with crystalline quartz.