Goldgroup Mining Inc V.GGA

Alternate Symbol(s): GGAZF

Metals & Mining Gold

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.

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Goldgroup Mining Inc

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Post by AGandAUon Jul 25, 2016 12:20pm

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Post# 25081810

Generating cashflow from the former Mirado mine

The process of milling the stockpiles of the former Mirado mine will start shortly , producing a minimum of 3000 ounces of gold with a sales value of over 5 M $.

Orefinders Resources ( ORX.V ) will use the proceeds for exploration and drilling in order to expand the existing gold resource at their flagship Kirkland Lake project.

Mirado contains a NI43-101 compliant inferred resource of 440 K ounces of high grade and near surface gold.

Long ORX.V

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