More Companies Apply for Gold Exploration in PanamaThursday, June 3, 2010 On December 2009, the Commerce Ministry (Mici) received six new applications for exploring gold. Mici had received an additional four between June and November 2009. Nicaragua: Calibre Mining Find New Vein in Gold MineTuesday, April 26, 2011 The find is a huge success for the company at one of its mines in north eastern Nicaragua. During the process of defining different mineral zones for its Riscos de Oro project in Nicaragua, in one of the perforations Calibre Mining made it found a vein that will enable it to estimate how much gold and silver the mine could contain. Gold mines in Nicaragua sold for $53 million.Monday, February 2, 2009 B2Gold Corp. made the acquisition from Central Sun Mining, owner of the gold mines in Nicaragua, for $53.7 million. Central Sun Mining was the owner of the Limon and the Orosi mines, and had an option to acquire 100% of the Mestiza gold mine, also located in Nicaragua. Ascot Mining intersects Cajeta vein in Costa RicaMonday, November 10, 2008 Veritas Gold, a subsidiary of Ascot Mining, claims to have discovered high grade gold. A 150m main access tunnel was driven to successfully intersect the targeted Cajeta vein and a one-tonne bulk sample was obtained, which was crushed and processed to determine the gold content. Assaying returned grades of 41.2 grams per tonne. Gold Confirmed in Santa Maria ProspectWednesday, January 19, 2011 Calibre Mining announced that initial field studies confirmed the presence of high grade gold veins. The mining company said in a press release that initial field exploration works have been completed at the prospect in Santa Maria, northwestern Nicaragua. Minera Aurum Continues Gold Exploration in PanamaMonday, April 25, 2011 After finishing the first phase of exploration work, the mining company is planning the second and third stages of its prospecting. In a 1,299 hectare concession area in central Panama, south west of the capital, the mining company, Minera Aurum, has begun its perforations at five new 1000m wells. Pacific Rim ready to explore gold deposits in GuatemalaThursday, July 10, 2008 The mining company Pacific Rim is confident that El Salvador will open its doors to exploit its gold deposits, but the tax barriers there have induced the company to look to Guatemala. Guatemala "is open for business," said company president Thomas Shreke. Nicaragua: Gold and Silver found at Borosi MineThursday, August 19, 2010 Calibre Mining announced the results of their drilling program on the La Luna and Riscos de Oro projects within the Borosi Concessions. The company intercepted 2810 g/t silver and 17.85 g/t gold over 0.95 metres within a larger interval of 8.53 metres grading 384.86 g/t silver and 4.23 g/t gold. These were highlighted by the highest grade gold and silver assays intercepted to date by Calibre on the Riscos de Oro epithermal gold-silver project. Pacific Rim sues El SalvadorWednesday, December 10, 2008 Pacific Rim, a company which was expecting to dig for gold at the El Dorado gold mine, announced its intention to sue El Salvador for not issuing the exploration and exploitation permits. The company said that there is no legal basis for the denial of the permits, and that they will move to sue the country under the terms of the FTA between the US and CA-DR, known as CAFTA-DR. Work on gold mine in Nicaragua halted after financing failsWednesday, October 22, 2008 Central Sun Mining has stopped work on its Orosi gold mine in Nicaragua after the fail of $22 million in financing. Central Sun, already operating the Limon gold mine in Nicaragua, had earlier entered into a non-binding term sheet with the bank for $22.5 million to complete the Orosi project, on which it has spent $31 million to date and which was expected to be competed next spring. B2Gold Will Invest $7 Million in Nicaraguan MineWednesday, June 24, 2009 The company B2Gold Corp. could acquire up to 65% of the gold and copper mining project NEN. The gold and copper mining Project NEN, currently property of Canadian Calibre Mining Corp, is located on the North Atlantic side of Nicaragua, and covers 70,976 hectares. Nicaraguan Mine Begins Second Phase of ExplorationThursday, August 4, 2011 Calibre Mining Corp. and B2Gold and have begun the second phase of exploration of the Primavera gold and copper mine. In a press release, Calibre explained that this phase of exploration has an available budget $441,000, and that they will focus on three areas that show a potential of up to 1.48 grams of gold per ton. Arbitration Between Mining Company and El SalvadorTuesday, July 7, 2009 Pacific Rim interposed an arbitrage against El Salvador, process that started on June 15. The arbitration was interposed by Pacific Rim on the grounds that the country did not grant permission for the start of operations of El Dorado, a gold extraction project located in the Cabañas department. Panama: Petaquilla copper project moves aheadThursday, October 30, 2008 Inmet Mining Corp will continue with the Petaquilla copper project for at least through out the permit request phase. Then they will make a final decision on construction based on the price of the metals at that moment, they said. "We believe (...) that it is appropriate to continue at Petaquilla, but we continue to be disciplined and will find the proper balance between continuing with the project and maintain our money in reserve," the president of operation of Inmet, Jochen Tilk, said during a teleconference. Canadians Buy Nicaraguan Copper and Gold MineWednesday, May 27, 2009 Calibre Mining Corp. executed an option to purchase 100% of a copper and gold mine from Yamana Gold Inc. in Nicaragua. Calibre announced the purchase of 70,976 hectares located in the North Atlantic Autonomous Region of Nicaragua, an area that covers the historic Mining Triangle area, covering the municipalities of Siuna, Bonanza and Rosita. According to the press release from the company, the Mining Triangle is one of the most productive mining areas in Central America. |
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