Monday, March 10, 2008
Grand Pacaraima Gold Corp. Announces Signing of Letter of Intent
Grand Pacaraima Gold Corporation currently holds the concession for four gold mines in Venezuela : Cerro Trompa, San Miguel, Mosquito and Zapata mines. Metallurgica de Mineras S.A. has previously sampled and assayed these four mines and has determined that there are recoverable gold reserves of 3.6 million ounces and indicated reserves of 5 million ounces.
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It'd be really nice if someone really has come up with a kinder, gentler way to extract precious minerals out of ore -- and even better if Venezuela can develop its mineral potential using more ecologically-sound, groovy methods. That's assuming the ecological footprint of this method is as promising as suggested by the hype.
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