Brother with what they have got in the portfolio (Found Florencia & Goldenhills tonight), all of which are "low cost mineralised at surface start-ups" I estimate that without the Florencia figures & before any upgrades there is roughly;
2-2.4 Moz Gold,
11 Moz Silver,
210 Mlbs copper
170Mlbs Zinc
?? Antimony
All going for the paltry price of $3.6c SP & and with an MC of $15M & if peeps don't believe me have a look.
Note: McDonald resource data pending.
So yeah, why don't we get this show on the road.... Show us the gold BJ..
Gold - La Dem 908koz + El Pilar 224Koz + Gold Hills 1300Koz + Florencia ???
Silver - La Dem 9'707koz + Antonio 1.48Moz, + Florencia ???
Copper - El Pilar 53'981'000lbs + Antonio 50,578,000lbs + Gold Hills 108'000'000lbs + Florencia ???
Zinc - Antonio 170'000'000lbs + ???
AntSb - La Dem ???
La Demajaguar (pending upgrade)
El Pilar (pending upgrade)
Antonio & San Fernando
Golden Hills
"The gold enriched near-surface oxide zones at Golden Hill are the surface expressions of a large gold and copper rich sulphide deposit. MacDonald's exploration to date has concentrated on the near-surface, gold-in-oxide zones.
"A total resource potential of greater than 40 tonnes of gold (1.3 million troy ounces) together with many millions of pounds of copper, is indicated.
"Resources calculated to date by Company geologists, from last year's analytical results only, include more than 7 tonnes of gold (226,602 troy ounces) and 50,578,000 lbs. of copper (having a gold equivalent value of approximately 147,500 troy ounces).
Antilles Gold Ltd. said in apress releasethat it plans to submit a proposal to state company GeoMinera to form a 49:51 International Economic Association that would explore a copper-gold deposit in Camagüey province known as Golden Hills.
Antilles Gold, which also operates a gold mine in the Dominican Republic, says it may build a processing plant for arsenopyrite concentrate at either La Demajagua or in the Dominican Republic, “depending on the outcome of ongoing U.S. sanctions against Cuba, and the availability of project finance for either location”.
The Golden Hills area in Camagüey, which was exploited through open-pit mining in the 1990s, offers gold and copper-rich volcanogenic massive sulphide (VMS) ore. Discovered in 1994 by Canada’s MacDonald Mines, it is located 80 kilometers south of the provincial capital Camagüey. MacDonald identified a potential of 89,000 ounces of gold; GeoMinera eventually proceeded to mine some of the deposits close to the surface, leaving the deeper system intact.
GeoMinera is in possession of MacDonald Mines’ exploration data from 200 80-meter deep drills. Typically, VMS systems reach hundreds of meters below the surface.
MacDonald Mines has recently announced the following:
"Ongoing diamond drilling at the Golden Hill gold-copper discovery of MacDonald Mines Exploration Ltd. (MMP.A - ASE) in east-central Cuba is yielding further positive results. A 17-hole program recently completed on the Three Hills zone has identified a size potential similar to the Little Golden Hill zone located 750 metres east and defined last year.
"The Three Hills gold oxide and gold- copper sulphide zones remain open in several directions and an additional 10 drill holes are planned to start by the middle of January.
"A 23-drill hole program is nearing completion on two zones, the Quartz-Alunite and the Castle Rock zones, located on Big Golden Hill. On Big Golden Hill the oxide zone is up to 75 metres (246 feet) thick and the potential for a large gold oxide resource exists.
"Other targets to be drilled at the discovery include a coincident, large ground geophysics and gold-in-soil anomaly located 1.2 kilometres east of Big Golden Hill and referred to as Anaomaly A. Within the Golden Hill anomaly, which covers a 2.5 square kilometre area (approximately 1 square mile), five near-surface gold oxide zones have been identified.
"These near surface gold oxide zones, and other assumed but undiscovered zones, will be further delineated by diamond drilling in the next five months with the aim of producing a positive feasibility study for a heap leach gold operation.
"The gold enriched near-surface oxide zones at Golden Hill are the surface expressions of a large gold and copper rich sulphide deposit. MacDonald's exploration to date has concentrated on the near-surface, gold-in-oxide zones.
"A total resource potential of greater than 40 tonnes of gold (1.3 million troy ounces) together with many millions of pounds of copper, is indicated.
"Resources calculated to date by Company geologists, from last year's analytical results only, include more than 7 tonnes of gold (226,602 troy ounces) and 50,578,000 lbs. of copper (having a gold equivalent value of approximately 147,500 troy ounces).
"Initial cyanidation tests indicate high gold recoveries from both oxide, ranging from 93 to 99 percent, and from sulphide, ranging from 85 to 93 percent, all with low cyanide consumption and a short activation time.
"An ongoing feasibility analysis has established target tonnages and grades required to commence an economic heap-leaching operation. These tonnages and grades now appear to be achievable from the current season's planned program, based on all results to date.
"Company geologists believe the possiblity is very high that an extensive skarn type system will be identified at the Maclama area in this season's drilling program, in addition to the augmentation of existing resources at Golden Hill and Florencia, now underway.
"The company is presently negotiating, with underwriters, the terms of a $30,000,000 convertible preferred share issue to finance development and production."
Florencia..
(20min delay)