AM Resources has a 60% interest in the Rio Negro asphaltite property, which covers 97.5 hectares. The property lies 50 km north-northwest of the city of Bucaramanga.
The Rio Negro property area is well known for its asphaltite occurrences. The property has been the subject of limited production.
Future work will consist of a ground geophysical survey to find the best access point for ore extraction and start production.