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New analytic drill results from Esperanza Resources’ (EPZ – $1.40) 100% owned Cerro Jumil gold/silver property in Mexico indicate gold mineralization at the Southwest Extension area. After initial drill results from the Las Calabazas zone showed gold presence in December of 2011, this is another zone which expands the current mineralized area of Cerro Jumil (see table and map below). […]
Read moreAfter increasing the size a second time this week, Global Minerals (CTG – $0.45) closed its private placement. In total, the Company will issue 27,777,556 units at a price of $0.45 per unit for gross proceeds of approximately $12,499,900. Esperanza Resources (EPZ – $1.32) participated for $1.5 million in the financing and certain Sprott funds and clients of Sprott Private […]
Read moreGlobal Minerals Ltd. (CTG) raised $11.5 million through a non-brokered private placement. The proceeds will be used to complete the rehabilitation of the Maria Mine, which provides access to the Strieborná Silver vein, continue exploration and to move the project, in the Republic of Slovakia, towards production. Esperanza Resources (EPZ – $1.62), which owns 32% of Global Minerals, participated for […]
Read moreWith the old adage “A picture is worth a thousand words” in mind, Global Minerals Ltd., 32% owned by Esperanza Resources (EPZ – $1.60), published a number of photographs on the significant progress it has made on bringing the Strieborná property, in the Republic of Slovakia, back in operation. Before After The entrance of the mine in 2011 The entrance […]
Read morePositive drill results continue to come from the Cerro Jumil property in Mexico, which is 100% owned by Esperanza Resources (EPZ – $1.33). Infill and step-out holes 219 through 222 intersected gold values between 0.82 and 2.51 grams per tonne. Noteworthy in hole 220 are two consecutive samples of 1.5 metres each, which contain 119 and 82 grams per tonne […]
Read moreEsperanza Resources (EPZ – $1.19) entered into an option agreement with Citation Resources (CTT) in which the latter can acquire a 100% interest in Esperanza’s Biricu project in Morelos State, Mexico. Citation can acquire the 38,000 hectares property in the favorable Guerrero Gold Belt by completing $4 million in exploration expenditures within four years. In return Esperanza will receive: $20,000 […]
Read moreEsperanza Resources (EPZ – $1.30) announced analytic results of six more drill holes from the current drill campaign at its 100% owned Cerro Jumil gold property in Mexico. All six holes were drilled outside the known resource and four of them intersected gold mineralization between 0.90 and 3.86 grams of gold per tonne (see table at bottom). Together with the […]
Read moreEsperanza Resources (EPZ – $1.03) notified Estrella Gold (EST: TSX) that it has met its stage 1 obligations, earning a 51% interest in the Pucarana Gold Project in Peru. Under the joint venture agreement between the two Companies, Esperanza had to expend at least $200,000 within the first year after receiving the drill permit, in order to obtain a 51% […]
Read moreGlobal Minerals Ltd. (CTG: TSX) has fully restored the 1600 meter haulage and access tunnel on its 100% owned Strieborná project in Slovakia. Additionally, full electrical service has been restored along with the hoist and refurbishment of the inclined shaft down to Level 2, approximately ~75 m below surface. Mine ventilation and underground power systems will be refitted as deeper […]
Read moreIn September 2011, a Preliminary Economic Assessment (PEA) was published for Cerro Jumil, the most advanced property of Esperanza Resources (EPZ – $1.32). Based on a resource estimate of 935,000 gold equivalent ounces in the measured and indicated categories, and 252,000 gold equivalent ounces in the inferred category, the PEA describes the property as a typical open pit, heap leachable […]
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