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Goldgroup Mining Inc V.GGA

Alternate Symbol(s):  GGAZF

Goldgroup Mining Inc. is a Canada-based gold production, development and exploration company. The Company is focused on exploring and developing production from its two assets: San Jose de Gracia in Sinaloa and Cerro Prieto mine. San Jose de Gracia project, which is in the northeast portion of Sinaloa State, Mexico, approximately 120 kilometers (kms) northeast of the coastal city of Los Mochis, straddling the Chihuahua border. The property consists of approximately 34 mineral concessions covering approximately 69,000 hectares. The Cerro Prieto Property, located in the Cucurpe Mining District, Sonora, Mexico, is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto North (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. The Cerro Prieto Property is 52 road kilometers from the regional center of Magdalena de Kino and approximately 150 kms northeast of the City of Hermosillo.


TSXV:GGA - Post by User

Bullboard Posts
Post by Ruxtonson Apr 05, 2011 8:52pm
699 Views
Post# 18390562

Tip of the iceberg?

Tip of the iceberg?
This company has just been scratching the surface, until now.  Drilling currently @ Caballo Blanco 30,000 meters & San Jose de Gracia 18,000 meters - This party is just getting started and we should be seeing a ton of drilling results over the following six months, maybe longer.   The potential of Goldgroup's two projects are substantial, especially combined with the backdrop of gold hitting all time highs.  Bob Moriaty gave his thumbs up in early February and he has nailed more than a handful of multi-baggers over the last couple of years.  Last year he recommended RVC @ 1.50 and it just received a bid of over $10 from New Gold.  Bob is a straight shooter and I will give a lot of weight to his write up.    I am overweight and the stars are lining up.  GLTA. 
Bullboard Posts