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Canadian-based mining company Goldcorp is playing well south of the U.S. border. Why else would Mexican President Felipe Calderon attend Goldcorp’s (GG) recent opening ceremony for a new mine in Penasquito? The president lauded Goldcorp for its $1.7 billion investment and for creating thousands of jobs. Once fully operational, the mine in the north-central region will be [...] Gold is relatively scarce in the earth, but it occurs in many different kinds of rocks and in many different geological environments. Though scarce, gold is concentrated by geologic processes to form commercial deposits of two principal types: lode (primary) deposits and placer (secondary) deposits. Lode deposits are the targets for the “hardrock” prospector seeking gold [...] With their latest acquisition of the Ana Paula Properties from Goldcorp Inc., Newstrike Capital has purchased 100 per cent interest in a region considered to be extremely strategic in one of Mexico’s most historic mining districts. Located within the Guerrero Gold Belt (GGB), the Ana Paula Properties consist of four claims that in total aggregate 7,622 [...] |
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