Estrella prepares updated resource at Colpayoc Gold Project, Peru
VANCOUVER, CANADA – Estrella Gold Corporation (“Estrella” or the “Company”) is pleased to announce it is preparing an updated resource estimate on the Daylight Gold Zone at its flagship Colpayoc Gold Project in the Yanacocha Gold District in northern Peru. Estrella completed 10 drill holes in 2011 (previously reported). The Daylight Gold Zone contains a [...]
Work halted at Minas Conga project, Peru
PAMPA VERDE – Newmont Mining Corporation announced late Thursday that it has removed workers and stopped earth-moving work at its Minas Conga project in Peru, because of fears that protesters would enter the premises. According to a Reuters news report, approximately 1,000 residents gathered in Pampa Verde some 20 km from the project site. Residents [...]
Coronet renegotiates Yanamina Agreement and looks to additional acquisitions in Peru
VANCOUVER, BRITISH COLUMBIA – Coronet Metals Incorporated (“Coronet”) has announced that it has completed an amended Share Purchase Agreement with Latin Gold Limited (“Latin”), reducing Coronet’s purchase price of the Yanamina advanced gold project (“Yanamina”) in Ancash province, Peru. Coronet and Latin have renegotiated the terms such that Coronet will retain US$2.25 million of the [...]
Zoro Mining Corp. announces continuation of underground exploration at the Yura Gold Project, Peru
TUCSON, ARIZONA – Zoro Mining Corporationreleased today an update on its Yura Gold Project, located in the Arequipa Province of Southern Peru, 25 kilometres west of the city of Arequipa, a major industrial and mining centre hosting a population of more than one million people. Drill Program Zoro is planning an initial first-phase, 16-hole drill [...]
Andean American Gold halts feasibility study at Invicta project, Peru
TORONTO, ONTARIO – Andean American Gold Corporation (“Andean American” or the “Company”) announced today that it is delaying its Invicta Gold Project feasibility study in Peru on hold, in the light of the current financial market conditions, the capital requirements to develop its Invicta Gold Project in Peru and the opportunities for value-adding mergers and [...]
Newmont’s Minas Conga project in Peru in hot water
Residents near the US$4.8 billion Minas Conga gold mine project in northern Peru are calling for an end to construction. Residents fear the contamination of local water supplies. The Newmont Mining Corporation is developing Minas Conga. This project, if realized, would represent the largest investment in Peru’s mining history. It is being developed in partnership [...]
Trevali completes downhole geophysical survey on Magistral Deposits, Santander Mine Project in Peru
VANCOUVER, CANADA – Trevali Mining Corporation (“Trevali” or the “Company”) is pleased to announce the results of an in-hole geophysical survey (DownHole ElectroMagnetics – DHEM) designed to image and target the geophysical responses from the Magistral deposits at depth and along-strike. Results of the survey conducted by Val D’Or Geophysics are interpreted to reflect the presence [...]
Dynacor: gold processing plant to be built in Peru
MONTREAL, CANADA – Dynacor Gold Mines Inc. announced Monday that it will build a second gold ore processing plant in Peru. This will be the second plant built by the company and will be situated on the Pan American Highway south of Nazca. The company stated that it has stipulated a budget of $4.5 million [...]
Protesters lift road block at Peru’s Yanacocha mine
CAJAMARCA – Protesters at the Yanacocha gold mine in Peru have ended their blockade of the Cajamarca Road which leads to the mining site, to commence negotiations with the mine’s owners which are backed by the government. The talks will commence on Thursday. A proposal has been put forward by government officials, according to La [...]
Newmont halts work in Peru
CAJAMARCA – According to Newmont Mining Corporation, the Yanacocha gold mine in Peru has shut down operations citing worker safety due to protests in the area. Protesters have blocked a the Cajamarca road at kilometer 28 which leads to the mining site. Protesters set a lot of equipment such as bulldozers and other earth-moving vehicles [...]