Infinito Gold to Explore Gold in Zungano, Nicaragua

The Canadian company signed an option agreement for further exploration of the Zungano concession in Nueva Segovia, Nicaragua.

Monday, February 15, 2010

The Company has agreed to make expenditures totaling US$ 4.92 million over 51 months including exploration work, social programs, and payments to the current concession holder. If these obligations are fulfilled the concession will be totally controlled by the Company and the current owner will retain a residual royalty on gold sales of 1.5 percent to a maximum total of US$ 10 million.

The concession is approximately 25,000 hectares in size and the current land use in the area is basic farming on the steep slopes of the hills which are cut by local drainages including the Chachagua River. There is four wheel drive vehicle access through the property from Quilali consisting of a road to the original exploration camp near the Chachagua River. The Company has the option to suspend activity at any time, if results or conditions warrant, with no further obligations.



More on this topic

Guatemala: Sugar Production Up by 22.7%

June 2012

In the 2011-2012 harvest, completed this month, a "historical record" of 54,330,445 quintals of sugar was harvested.

"It's a record", proclaimed Armando Boesche, general manager of the Sugar Association of Guatemala (Asazgua).

The union leader attributed the good performance to weather conditions which "for the current crop were favorable".

Guatemala: 53 million Bags of Sugar

March 2012

The results of the 2011-2012 harvest will be 10% higher than the previous one, when the crop was affected by bad weather.

The harvest ending in May increased by seven million quintals, amounting to some 53 million bags of sugar, a figure that represents a recovery of 10%, said Marco Augusto Garcia Noriega, president of the Sugar Association of Guatemala (Asazgua).

Regional Sugar Supply Would Match Mexican Demand

August 2009

With the recent 3% increase, sugar production in the region could be enough to cover Mexico's demand for 3.930.000 tons.

José Orive, director of Sugar Producers Central American Isthmus (AICA), remarked that they could also cover U.S. demand.

In a Reuters interview, Orive stated: "We are looking to work with variations that produce more sugar with less sun exposure and more humidity.

Central America sugar output set to dip this year

April 2008

Central America's sugar export earnings are expected to drop this year by some US$60 million following a drop in production of about 5 million quintals.

The Central American Sugar Producers' Association (AICA) met April 25 in Panama where they updated projections for this year's harvest. While output looks like being down overall, "serious falls" are expected in Guatemala and Nicaragua.

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