Orofino Gold Corp. (Pinksheets: ORFG.PK) has several viable Gold development properties in Colombia, a current hot spot of gold production in the world markets.
Orofino Gold has performed due diligence on many prospective properties and has categorized the Senderos de Oro properties as good high priority, high return opportunities for immediate investment. These properties are in areas of known gold reserves, and have current small scale production of Gold. These Colombian projects have low production costs and multi million ounce potential. Colombia is currently one of the major gold producing countries in the world and Orofino is delighted to be there at the present time. Orofino Gold plans to drill one of these gold anomalies in the first quarter of 2010 and will finalize the target next month following the hiring of a new project manager who is familiar with this area.
GOLDCORP INC. (NYSE:GG) has responded to an announcement by the government of Guatemala regarding a request by the Inter-American Commission on Human Rights ("IACHR") asking the Guatemalan government to suspend operation of the Marlin mine in San Miguel Ixtahuacan, Guatemala. According to the statement released by the Guatemalan government today, its primary consideration is to protect the health and safety of its citizens. In keeping with its international commitments in the field of human rights, the government has agreed to comply with the IACHR's request by initiating the applicable administrative process under the laws of Guatemala.
The response of the Government of Guatemala expressly confirmed that studies conducted by the Ministry of Health, Ministry of Environment and Natural Resources and Ministry of Energy and Mines demonstrate there is no evidence that the community water supplies are contaminated and that they are fit for human consumption. The Government also stated that an assessment by the Ministry of Health and Social Welfare did not detect any disease linked to suspected contamination produced by the Marlin Mine.
Gammon Gold Inc. (NYSE:GRS): announced that it has executed a binding Letter of Intent that will give Gammon the option to acquire the 43,229 hectare block of mineral concessions called the "Los Jarros" Properties from Valdez Gold Inc. Under the terms defined in the Letter of Intent, Gammon will have the option to purchase a 100% interest in the properties, through a series of successive payments within 48 months of the date of the agreement.
The claims are contiguous to the Ocampo land package on the north and east, surround the Pinos Altos properties of Agnico-Eagle Mines Ltd., and cover regional structural extensions of the Concheno properties of Frisco Mining. Past work by Valdez Gold Inc. has identified a high-sulfidation epithermal gold prospect in the southern portion of the properties as well, between the Candamena gold-silver district, and the Orisyvo project of Fresnillo PLC. The Ocampo properties of Gammon cover approximately 11,262 hectares, and the recent addition of option contracts on the Venus properties (4,491 hectares), and the Los Jarros properties (43,229 hectares), brings Gammon's mineral holdings in this highly competitive camp to approximately 58,982 hectares.
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