Resource World Magazine

Resource World - February 2013

Issue link: http://resourceworld.uberflip.com/i/107613

Contents of this Issue

Navigation

Page 10 of 95

by Minera El Roble, into which Atico is earning a 90% stake. Released on December 10, the latest drill highlights include hole ATDHR-17, which intersected 5.40% copper, 2.5 g/t gold and 10.89 g/t silver from 71.8-160.5 metres. Barrick Gold Corp. [ABX-TSX; NYSE] holds several concerns in South America, including the Pascua-Lama Project that straddles the border of Chile and Argentina. Effective December 31, 2011, the project has proven and probable reserves of 17.9 million ounces gold and 676 million ounces silver. Construction work is well underway, with capex estimated between $8 billion and $8.5 billion. Operations are expected to start in H2 2014. Meanwhile, Barrick's South America division produced 390,000 ounces gold in Q3 2012 compared with 330,000 ounces gold in Q2 2012. Batero Gold Corp. [BAT-TSXV] is developing the Batero-Quinchia gold project in Colombia. On December 13, the company closed a private placement offering with the shareholders of Consorcio Minero Horizonte for almost $17.8 million. On November 15, the company announced final results of its 2012 drill campaigns, including hole LC070, which intersected 1.36 g/t gold and 2.58 g/t silver from 6.5-150 metres. Bear Creek Mining Corp. [BCM-TSXV] announced the submission of an environmental and social impact assessment (ESIA) for its Peruvian, Corani silver-lead-zinc project on December 11. The submission marks the formal start of project permitting, while the ESIA is expected to be approved by year-end 2013. Corani has 270 million ounces silver and 4.8 billion lbs lead and zinc in proven and probable reserves. Cascadero Copper Corp. [CCD-TSXV] holds a 50% stake in Salta Exploraciones through which it has interests in several Argentinian projects. On October 18, the company announced a memorandum of understanding with Silta (a subsidiary of Lumina Copper) to conduct a 50-50 joint-venture exploration program on the Francisco I and Francisco II properties in north-west Argentina. Columbus Gold Corp. [CGT-TSXV] revealed first-phase drill results from its february 2013 TSX-V: MRZ; Frankfurt: M8R Mirasol is a leading generative explorer for precious metals: • Holding 100% ownership of twenty epithermal gold-silver properties in Santa Cruz Province, southern Argentina. Eight are in joint venture or under active exploration. • With discoveries at the 100%-held Virginia silver vein system and gold at the Claudia property. • Exploring Northern Chile for copper and gold. • Using leading-edge technology and experience for discovery. Vancouver Mary L. Little, President 604-602-9989 mlittle@mirasolresources.com Mendoza Tim Heenan, Exploration Manager 54-261-4245848 theenan@mirasolresources.com Brisbane Stephen Nano, VP Exploration 617-3262-4555 scnano@globalorediscovery.com www.mirasolresources.com www.resourceworld.com 11

Articles in this issue

Archives of this issue

view archives of Resource World Magazine - Resource World - February 2013