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Based upon the rapid rise in gold prices, Farallon Mining said it is planning a second mine at its Campo Morado property in Guerrero Sate in Mexico The Company is formally initiating studies to re-evaluate the Reforma, Naranjo, El Largo and El Rey deposits to assess the feasibility of building a second mine with a target [...] With the acquisition of the Ana Paula Properties, Newstrike Capital now controls a 100 per cent interest in over 160,000 strategic hectares in the Guerrero Gold Belt (GGB). The company manages their land position under two contiguous projects – Aurea Sur and Aurea Norte – which are divided geographically by the east-westerly trending Balsas River. The Aurea [...] Goldcorp Inc. recently announced that it had entered agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. The total purchase consideration of $500 million, consisted of $275 million in cash, $175 million of Mala Noche common shares valued at the offering price of Mala Noche’s proposed equity financing and a [...] 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 [...] Newstrike Capital Inc. (TSX VENTURE:NES) (“Newstrike” or the “Company”) – www.newstrikecapital.com – is pleased to announce it has entered into a definitive agreement dated May 11, 2010 to acquire 100% of the “Ana Paula Project” from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly-owned subsidiary company of Goldcorp Inc. (TSX:G, NYSE:GG). Ana Paula is [...] Farallon Mining Ltd. recently announced new high grade gold zones outside the current mineral resource at the G-9 Mine at the Company’s Campo Morado property in Guerrero State, Mexico. High grade precious metal intercepts at G-9 have been reported in various news releases over the years, most recently in the Company’s December 16, 2009 news [...] Gleichen Resources Ltd. has announced that drilling is underway at its 100% owned Morelos Gold Project in Mexico, with its first exploration hole nearing completion. Gleichen intends to ramp up its program through the addition of one rig every two months to reach a total of up to four drill rigs actively working on the [...] 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 [...] Newstrike Capital Inc. (“Newstrike” or the “Company”) – is pleased to announce it has entered into an agreement dated February 11th, 2010 to acquire a 100% interest in certain mining concessions situated in Guerrero State, Mexico, referred to as the “Ana Paula Properties” from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly-owned subsidiary [...] |
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