An Overview of Chaparral Gold
Chaparral Gold (OTC:CRRGF) is a new company spun out from International Metals after it was purchased by Hochshild Mining (OTCPK:HCHDF) last year. The company is well financed with over $40 million in cash and equivalents. It owns a project in southern Nevada in the permitting stage of its development--Goldfield--which contains the Gemfield Mine that will be the company's first producing mine. The Goldfield Project also contains two other deposits that are not currently being developed. The company also owns the Converse Project in northern Nevada, which contains a large low grade gold deposit.
The Gemfield Mine will be economical at $1,300/oz. gold, and even at $1,200/oz. gold despite its...
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