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Esperanza Resources (EPZ – $1.51 & EKX – €1.18) obtained the surface rights agreement for Cerro Jumil. This is a key accomplishment to bring the 100% owned gold property in Mexico towards production. The agreement with the communal landowners has an initial term of 15 years and provides for continued exploration and development as well as for the planned construction […]
Read moreGlobal Minerals (CTG – $0.38 & DFPN – €0.32) has commenced the first phase of an underground drilling campaign at its 100% owned Strieborná silver/copper property in Slovakia. It will carry out underground drilling from level 6, approximately 180 metres below surface, and will target the Strieborná vein, which is a mineralized structure of 1.2 kilometres long, 600 metres deep […]
Read moreDespite Esperanza Resources’ (EPZ – $1.65) stock price going up 45% since our previous report, we feel the Canadian resource Company still has plenty of upward potential as it’s moving closer towards becoming a gold producer. A September 2012 resource estimate for EPZ’ 100% owned Cerro Jumil silver/gold project in Morelos State, Mexico, increased the project’s gold equivalent ounces to […]
Read moreWe visited the Strieborná silver/copper/antimony property this week in Slovakia. It was a real eye-opener as the visit made us realize, even more than before, that Strieborná is quite unique. Typically, a project has to go through the discovery, exploration, feasibility, financing and development stages before it can start production. This is not the case at Strieborná, which is 100% […]
Read moreAccording to the latest report from Natural Resource Holdings, a gold mine or deposit with over 1 million ounces is a very rare asset. In fact, there are only 439 assets that meet the industry’s perceived economic threshold of 1 million gold ounces, the report says. Esperanza Resources’ (EPZ – $1.63) 100% owned Cerro Jumil property is such an asset! […]
Read moreEsperanza Resources (EPZ – $1.15) announced more positive analytic results from its 100% owned Cerro Jumil gold project in Morelos State, Mexico. The results were from infill drill holes (see map below) and intersected gold mineralization with values between 0.43 grams and 2.98 grams of gold per tonne. An updated resource estimate, based on 63,000 metres of drilling, compared with […]
Read moreEsperanza Resources (EPZ – $1.10) had another important week as it closed its previously announced $34 million private placement. At the same time, Global Minerals (CTG – $0.34) , which is 26.8% owned by Esperanza, is well on its way to gain access to the Strieborná vein. $34 Million Financing Esperanza closed its private placement of 24 million units at […]
Read moreCerro Jumil, Esperanza Resources’ (EPZ – $1.14) silver/gold project in Morelos State, Mexico, was described in a September 2011 Preliminary Economic Assessment, as a typical open pit, heap leachable project with an estimated average production of 106,000 ounces of gold per year, which can be mined at $499 per ounce. Moreover, positive analytic results from an ongoing drill program should […]
Read moreWhat a week it was for Esperanza Resources (EPZ – $1.22). The Company announced another round of excellent drill results from its Cerro Jumil gold project in Mexico. Almost every infill hole, drilled between the Las Calabazas Zone and Southeast Zone, intersected gold mineralization (see table below). Furthermore, Esperanza appointed Mr. Greg Smith as the new President and Chief Executive […]
Read moreWe recently sat down with Mr. Bill Pincus, the President and CEO of Esperanza Resources (EPZ – $1.36) to give us an update on his Company’s progress. We also took advantage of the opportunity to ask a bunch of questions about Global Minerals Limited (CTG). This Company, with a silver project in the Republic of Slovakia, is 28 percent owned […]
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