- Overview
- Caballo Blanco
- San José de Gracia
- Cerro Colorado
- El Candelero
- About Mexico
- Technical Data
- Maps
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Overview
Goldgroup Mining Inc. ("Goldgroup")
is a well-funded Canadian-based
mining & metals company focused on gold
production and exploration in Mexico, one of
the world's best mining jurisdictions. Goldgroup's
goal is to produce +200,000 oz Au per year through
organic growth within three years from the Company's
three main assets: Caballo Blanco, San Jose de Gracia
and Cerro Colorado. Goldgroup's 100% ownership of the Caballo Blanco gold project and the Cerro Colorado gold mine, as well as its 50% ownership of the San José de Gracia project represents estimated mineral resource (NI 43-101 compliant) totaling approximately 1.5 million oz Au plus the potential to considerably increase these estimated resources through continued drilling and exploration
is a well-funded Canadian-based
mining & metals company focused on gold
production and exploration in Mexico, one of
the world's best mining jurisdictions. Goldgroup's
goal is to produce +200,000 oz Au per year through
organic growth within three years from the Company's
three main assets: Caballo Blanco, San Jose de Gracia
and Cerro Colorado. Goldgroup's 100% ownership of the Caballo Blanco gold project and the Cerro Colorado gold mine, as well as its 50% ownership of the San José de Gracia project represents estimated mineral resource (NI 43-101 compliant) totaling approximately 1.5 million oz Au plus the potential to considerably increase these estimated resources through continued drilling and exploration
Caballo Blanco
Caballo Blanco, Goldgroup's 100%-owned flagship project, is located 65km northwest of Veracruz, Mexico's largest port city. The Company is continuing its 30,000 meter multi-million dollar multi-drill program, utilizing five large diameter HQ diamond drills. This program is designed to expand and upgrade the current NI 43-101 compliant mineral resource estimate at the La Paila anomaly, which is expected to be completed in Q1 2012. Furthermore, the Company is expected to complete a Preliminary Economic Assessment (PEA) on the Caballo Blanco project by Q1 2012. The Company currently owns 100% of Caballo Blanco. Goldgroup is targeting an estimated mineral resource sufficient to sustain 100,000 ounces of annual gold production commencing in late 2012.San José de Gracia
San José de Gracia, located in the northeast portion of Sinaloa State, Mexico, is Goldgroup's high-grade advanced stage gold project. In November 2011, Goldgroup announced an updated NI 43-101 Compliant Mineral Resource Estimate on the San José de Gracia Project. This updated NI 43-101 Technical Report hosts an Indicated Resource of 147,000 oz Au and an Inferred Resource of 963,000 oz Au. The estimate includes an indicated resource at Tres Amigos of 913,000 tonnes grading 5.00 grams per tonne gold and an aggregate inferred resource at all four veins of 5,813,000 tonnes grading 5.16 grams per tonne gold. The Company has drilled an additional 135 holes since the initial Resource Estimate in July 2009 and the recently updated Resource Estimate is based on drilling completed up to Sept 5, 2011. This updated Mineral Resource Estimate will be used to support a Preliminary Economic Assessment (PEA) for mining. The Company is targeting a resource estimate sufficient to sustain 100,000 ounces of annual gold production.Cerro Colorado
Goldgroup owns a 100% interest in the Cerro Colorado gold mine, located in northern Sonora, Mexico. The remaining life of the Cerro Colorado mine is estimated to be approximately five years. Exploration drilling has continued in areas immediately adjacent to and also near distant to the Cerro Colorado mine site to enhance the mineralization available for production at this facility. The Company projects gold production of approximately 20,000 oz Au in 2011.
