The group's principal activity is to provide mineral exploration and development with a focus on European gold projects. The company is focused on developing two advanced gold projects in Europe: Curraghinalt in Northern Ireland and Kremnica in Slovakia. Both wholly owned projects host defined gold resources that can be advanced to production but also encompass exploration potential. In mid-January 2005, drilling programs were underway at Kremnica, with a new resource estimation almost complete and engineering studies in progress at Curraghinalt. In December 2004, the company completed the acquisition of Ulster Minerals Limited, owner of the exploration license covering the Curraghinalt gold project.
