The Company is pleased to announce the appointment of Larry Hillesland as Exploration Manager, Peru. Larry has over 25 years of experience in field exploration of which five years were spent in Peru. Larry was instrumental in the exploration and development of Gold Fields' Cerro Corona project in northern Peru. Mr. Hillesland and Mr. Burns, Century's Vice President of Exploration will travel to Peru this week to start this exciting exploration program at San Juan.
GOOGLE ON :Gold Fields' Cerro Corona project
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Gold Fields buys Cerro Corona Project and other mineral properties in
Emerging Markets Economy, Dec 29, 2003
Find More Results for: ""Cerro Corona project" "
Northern Peru...
Gold Fields And...
Gold Fields Ltd., through its subsidiary, Gold Fields Corona BVI., has signed a definitive Share Purchase Agreement to acquire 92 per cent of the voting shares of Sociedad Minera La Cima S.A. from various members of the Gubbins family. Sociedad Minera La Cima owns the Cerro Corona Project and other mineral properties in Cajamarca, Peru. Closing of the agreement is conditional upon the completion of the acquisition of required surface rights, approval of the EIS and the issue of construction permits.
Based upon a Definitive Feasibility Study completed by GRD Minproc with an amendment completed in August 2003, it is believed that the project has the capacity to produce 147,000 ounces of gold and 65 million pounds of copper per year (280,000 ounces of gold- equivalent), with total operating costs of $212 per ounce of gold equivalent or $0.48 per pound of copper equivalent (using a gold price of $360/oz and a copper price of 80c/lb).
The deposit, which lies within a well endowed trend just to the north of the Yanacocha mine in the Cajamarca district of northern Peru, is well studied and has robust economics. Previous feasibility studies of the deposit exploited a larger resource base indicating potential for expansion over the most recent.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>
findarticles.com |
