Fomicruz is a company owned by the Government of the Santa Cruz Province in Argentina. It was created in 1988 for carrying out mineral exploration and exploitation, tasks that currently does by itself with its own financing, or in association with private companies.

The company is mainly dedicated to explore for precious metals in the Deseado Massif, but it is also involved in the exploration for Uranium, in the extraction and processing of porphyry slabs, and in the oil business.

Fomicruz performs most of the exploration work with its own equipment and staff. It owns a fleet of several pickups and trucks, a backhoe, a diamond drill rig, and trailers for installing camps. In addition, the company owns equipment for specific geological and geophysical investigations, including a Terraspec reflectance spectrometer, two magnetometers, a gamma-ray spectrometer, and a portable XRF analyzer.

The company has a portfolio of mining properties acquired over several years of exploration, which together with its experienced staff, are the main assets of Fomicruz. These properties are at different stages of exploration, and several of them have given positive results, with the potential to host mineral deposits.