Follow on Google News News By Tag Industry News Country(s) Industry News
Follow on Google News | CRWE Wallstreet Gold Market Report. ORFG.PK, UXG, AGTOrofino has acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%.
By: Lynn Lansky Orofino has acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%. By acquiring its interest in an established operating mine, Orofino has established itself as a serious participant in the effort to revitalize the Senderos de Oro mining scene. Furthermore, the local technical team from the Mina Azul/La Estrella Mine will assist the Company in its exploration and development efforts. This assistance will be particularly useful for the current properties under option to Orofino. ORFG's shareholder representatives and key consultants have met with Colombian government officials to review their approach to the development of these properties. President Uribe (now to be President Santos) encouraged Artisanal miners to organize into co-operatives that will have legal status and will allow Orofino to partner with them on a long term basis. ORFG's objectives of bringing social benefits to the Artisanal miners, and their communities, and to include them in the planning activities that affect their lives, match those of the Government. Senior officials have offered full support of the government departments that facilitate and regulate exploration and mining activities. Colombia may have the largest currently known gold reserves, and ORFG just might be in the middle of the latest gold rush The “Plan Colombia” program was unveiled in 1999 to combat narco-terrorism; US GOLD CORPORATION is pleased to announce results from eighteen new core holes (Fig. 1, Table 1) at the El Gallo Project in Sinaloa State, Mexico. The three best results since May 18, 2010 are: 4.6 ounces of silver per ton (opt) over 125.0 feet (ft) (158.1 grams per tonne (gpt) over 38.1 meters (m), 8.3 opt silver over 60.7 ft (285.7 gpt over 18.5 m) and 3.0 opt silver over 91.5 ft (104.1 gpt over 27.9 m). In addition, El Gallo's initial resource estimate is scheduled to be released in approximately four weeks. US Gold's drill program is one of the largest currently underway in Mexico and the company is anticipating a number of exciting developments over the coming months. First, an additional twenty core holes from El Gallo will be released in approximately two weeks. Second, El Gallo's initial resource estimate will be published in four weeks. Third, additional drill results from regional exploration will be announced mid July. Work is also well underway on El Gallo's Preliminary Economic Assessment (scoping study), which will be released by year-end. This is a very exciting time for US Gold's shareholders. Apollo Gold Corporation (NYSE Amex- AGT) Apollo and Linear Gold Corp. report performance improvements at the Black Fox Mine are continuing with operating results during April and May 2010 demonstrating significant increases in ore grade and corresponding gold production compared to results for the first quarter of 2010 (“Q1 2010”). During April and May 2010, the Black Fox Mine produced over 12,000 ounces of gold from 119,000 tonnes of ore milled at an average gold grade of approximately 3.5 grams per tonne at a 93% recovery rate. The average ore grade was approximately 30% higher than Q1 2010 and in line with the mine plan. Apollo Gold Corporation engages in the extraction, processing, refining, and production of gold and other byproduct metals. It produces gold, silver, lead, and zinc. It primarily holds interests in the Black Fox project located near Matheson in the Province of Ontario, Canada; and the Huizopa exploration project in the Sierra Madres in Chihuahua, Mexico. Sign Up For Free Stock Alerts At http://crwewallstreet.com/ ************************************************************ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!Disclaimer: End
Account Email Address Disclaimer Report Abuse
|
|