The Santander Project consists of five concession contracts totaling 5,979 hectares. The project area is 35 km northeast of the major city of Bucaramanga. It is divided into three non-contiguous blocks, each at relatively high altitude in sparsely populated country with dirt road access only to parts of the concessions.

The project area is underlain by a complex assemblage of Precambrian and Palaeozoic metamorphic rocks and Cretaceous felsic-intermediate intrusions. The three blocks border the California and Vetas mining districts on the west, east, and southeast. Known mineralization in the district includes the gold deposit at Angostura (10.2 Moz measured and indicated resource, Eco Oro Minerals Corp., formerly Greystar Resources Ltd.), the significant new high-grade gold discoveries recently reported by EBX Group (formerly Ventana Gold Corp.) and Galway Resources, and numerous precious metal vein occurrences in the Vetas District.

Continental Gold's land position is well located with respect to the concessions of the other major players in the district and known mineralization. The small triangle near the town of California is located directly along the main California-Ventana-Greystar trend, the large block to the south contains the southern extension of the Vetas gold district currently being explored by Galway Resources and CB Gold, and the block on the northwest is along the emerging Surata trend.

Other than initial reconnaissance sampling, Continental Gold has not carried out any significant work in the area and no significant work is planned for 2011 on the property. Given the amount of interest in the area, the Santander project is a possible farm-out candidate.