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Goldgroup Mining Inc V.GGA

Alternate Symbol(s):  GGAZF

Goldgroup Mining Inc. is a Canada-based gold producer and is focused on the acquisition, exploration and development of advanced stage gold-bearing mineral properties in the Americas. The Company’s primary gold production and exploration and development related activities are conducted in Mexico. It owns a 100% interest in the operating Cerro Prieto project in Sonora. The Cerro Prieto project, located in the Cucurpe Mining District, Sonora, Mexico, is composed of the San Felix (205 hectares (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.


TSXV:GGA - Post by User

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Comment by anon3on Dec 07, 2010 8:41pm
575 Views
Post# 17815712

RE: More info at Dynaresources

RE: More info at DynaresourcesPosted again with highlighted text - why didn't I get more back in the SIM days for sub 10 cents

San Jose de Gracia (Sinaloa, Mexico; “SJG”); Potentially the “Most Significant” Project Development in the Region.


100% OWNED by DynaResource de Mexico, SA de CV; 15 SquareKilometersMineralized Area; Historic Production of 1 M Oz. Gold, BonanzaGrades;+3 M. Gold Oz. Potential; Recent High Grade Production:

  • 4,750 Oz. Gold Produced at San Pablo Area in 5 Months Production, 2003; Average Grade of 25 G/T; 90 % Recoveries.

  • >18,250 Oz. Gold Produced through June 30, 2006; Overall Average Grade of Approx. 20 G/T; Average Production Cost of Approx. $ 175 / Oz.

  • Transitioning in 2006 to Focus on Exploration / Drilling.

  • Documented Production of 1,000,000 OZ. Bonanza Grade Gold through 1910.

  • + 3 Million Oz. Gold Potential.

  • Approximately 1,100,000 OZ. Gold (DynaResource, Inc. Company "In- House" Estimate of Resource from 1997-98 and 2007-09 Drill results; and at March 31, 2010). Note that the In-House "Estimate of Resource" is NOT a NI 43-101 Compliant Mineral Resource.

  • >Property fully acquired (approx. $ 3.5 M. US).

  • Surface Rights Agreement Completed.

  • $ 2 Million USD Exploration Program Completed. (1997-1998).

  • $ 10 Million USD Exploration Program Completed. (2007- December 31, 2009).

  • $ 8 Million USD Continued Exploration Program Projected thru March 15, 2011.

  • Confirmation of Significant Vein Deposits; With Bonanza Grades (see Maps and SJG Target Table):>

    • Tres Amigos/La Cecena; La Cecena/Los Hilos; Los Hilos/Santa Rosa; Total 1.4 Km. Strike Length; Potential + 400 M. Down Dip; Potential + 500,000 Oz.

    • San Pablo; Recent High Grade Production; San Pablo Ore Shoot confirmed over 500 Meters Length and + 400 Meters Down Dip; Average Grade of + 8 g/t.; Potential + 500,000 Oz.

    • La Union / Veta Tierra; La Union / La Parilla; La Union / La Prieta; Potential 5 veins X 1.5 Km. Strike Length; Potential + 400 M Down Dip; Potential + 250,000 Oz.

    • Palo Chino; Potential Surface Mine able; Potential + 400 M. Down Dip; Parallel La Purisima.

    • La Purisma; Past Production 470,000 ounces Gold at Average Grade of + 66 g/t.; Potential + 500,000 Oz.

    • La Prieta; Past production 250,000 ounces gold at average 0.9 oz/ton; Additional Flat Zones Potential.

    • Argillic Zone; (Bulk Mining Potential).

    • Location of Bulk Tonnage potential at Palos Chinos; (15 meters @ 3 grams/ton; 7m @ 7 grams/ton).

    * 200 TON / Day Flotation Mill in Place; Operational at April, 2003; Currently suspended to Focus on Exploration / Drilling.

  • Overall Production expected at < $200. / Oz.

  • Metallurgy Program Completed:

    • Confirmed 95% recoveries.

    • Basic Gravity / Flotation circuit.

    • Potential Heap Leach (see 1000 ton/day heap leach pro forma).

  • Projected 3 Phase Exploration / Drilling Programs; to be Provided for and Funded Pursuant to Formal "EARN - IN Agreement" signed on September 1, 2006; with Gold Group Resources, Inc., Vancouver, BC.:

    • $ 3,000,000. USD.; Completed.

    • $ 3,000,000. USD.; Completed .

    • $ 12,000,000. USD.; In Process ($ 8 Million Balance at January 2010).




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