Mayan Iron Corporation Ltd was incorporated on the 17 of April 2009. The Company has lodged reconnaissance license applications for the sampling of iron sand, covering an area of 5,912 sq km along the Pacific Ocean coastline of Guatemala. Mayan Iron has also invested in additional sampling and testing of iron sands within the areas of these reconnaissance licenses.
An analysis of these tests has resulted in the identification of extensive iron sand mineralization. As an outcome, the company has lodged 10 exploration license applications with the Guatemala Ministry of Energy and Mines, which has approved an initial 3 exploration licences covering an area of 292.5 sq km. New Reconnaissance Licence applications for 3 areas have been lodged with the Guatemala government for the areas that are not included in the Exploration Licence applications. All of the areas covered by the Reconnaisance Applications and the Exploration Licences are on-shore.