Mining Exploration in Nicaragua

The canadian company B2Gold has announced that it will be carrying out studies to determine the feasibility of mining explotation in the municipality of Rancho Grande in Matagalpa.

Wednesday, October 7, 2015

Among the analysis to be carried out by the company in the area of ​​Rancho Grande are studies on the "soil, water, air, flora, fauna and culture of the community" according to a report by Elnuevodiario.com.ni.

"... Project manager Pavon B2Gold in Rancho Grande, Aiser Sarria, said in the same statement that "If the results of all mining studies show that you can build a mine which is economically viable, socially responsible and environmentally friendly, then B2Gold will request the relevant permits to extract ore in Rancho Grande.'"

"... B2Gold insisted that the same conditions be established in Rancho Grande as those of the El Limon mine, in the West of Nicaragua, which claims to have highest international standards. "



More on this topic

Nicaragua: $100 Million Invested in Gold Mines

July 2019

Canada's Calibre Mining bought from B2Gold Nicaragua, the El Limón and La Libertad gold mines, as well as the Pavon project and other concessions, in a transaction that totaled $100 million.

The El Limón and La Libertad mines have produced more than 1.4 million ounces of gold since 2010, and their combined production of gold in 2019 is projected to be between 150,000 and 160,000 ounces, the company said in a statement.

Nicaragua: B2Gold Mine Declared Unviable

October 2015

Government spokeswoman Rosario Murillo relayed the presidential decision to declare mining in Rancho Grande unviable, and cancel exploration in the area.

The mining concession was obtained by the Canadian company Nueva Esperanza in 2005 and two years ago another Canadian company B2Gold took over the project, which still was in the exploration stage, but without any earthworks having been carried out.

Another B2Gold Mine in Nicaragua

March 2012

After six years of exploration the company B2Gold has confirmed the operation of a new mine in Rancho Grande.

At the moment the El Pavón project is at the stage of consultations with local authorities and the population for the purpose of assessing environmental impact, explained Martin Espalza, a representative from B2Gold.

Nicaragua Grants 25 Year Gold Mining Concession

April 2010

Canadian mining corporation Condor Resources has been granted a 25 year exploration and mining concession in Nicaragua.

The 22.5 kilometer area is located in La Libertad – Santo Domingo, and adds to Condor’s 5 existing concessions in the country.

From Proactiveinvestors.com: “According to Condor, the Cerro Quiroz vein was discovered in 2003 by Canadian explorer Chesapeake Gold Corp (TSX-V: CKG) which defined a north-south trending quartz vein grading up to 17.8 grams per tonne gold over more than 1500 metres strike length”.

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