Orofino Gold Corp, ORFG.PK
OROFINO GOLD CORP. is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world. To this end OROFINO has signed an option agreement to acquire several properties in Colombia.
The company has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
OROFINO’s competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities. OROFINO has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia. The company has performed due diligence on many prospective properties and has categorized three as good to high priority, high return opportunities for immediate investment. These properties are in areas of known gold reserves, low production costs and multi million ounce potential.
The company drilled it’s first gold prospect during the first quarter of 2010.
Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from ORFG’s Colombian projects that ran higher than expected in gold, silver and copper, give the precious metals acquisition, exploration, and development company four very strong targets and two extremely rich structures to target for gold and copper. ORFG will now implement an airborne magnetometer program, as well as begin site preparation for the diamond drilling currently taking place.
Last Trade: 0.08
Visit ORFG's website: http://www.orofinogold.com/index.html
GG, GOLDCORP INC. (NYSE:GG)
GG is North America’s fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
GG has recently reported that the Los Filos mine in Mexico has become fully certified under the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold (“the Cyanide Code”). Los Filos is Goldcorp’s fifth gold mine to receive full certification. The Marigold mine in Nevada was the first gold mine in the world to be fully certified under the Cyanide Code, followed by El Sauzal mine (the first in Mexico), Marlin mine (first in Central America) and Musselwhite mine (the first in Canada).
The Cyanide Code is a voluntary industry program for companies involved in the production of gold using cyanide. It was developed under the auspices of the United Nations Environment Program with the goal of safeguarding human health and the environment by promoting responsible management of cyanide used in gold mining.
“Los Filos’ certification is the latest example of Goldcorp’s leadership in environmental stewardship and social responsibility,” said Chuck Jeannes, Goldcorp President & Chief Executive Officer. “Goldcorp remains committed to operating all of its mines to the highest possible standards, with an emphasis on safeguarding the health and well-being of our employees and the communities in which we operate.”
GG is a leading gold producer engaged in gold mining and related activities including exploration, extraction, processing and reclamation. The Company’s operating assets include the Red Lake, Porcupine and Musselwhite gold mines in Canada, Peñasquito, Los Filos, El Sauzal, and San Dimas gold/silver mines in Mexico, the Marlin mine in Guatemala, the Marigold mine (67% interest) and Wharf mine in the United States and the Alumbrera mine (37.5%) in Argentina.
Last Trade: 44.34
To learn more about GoldCorp visit: http://www.goldcorp.com
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Disclosure: ORFG, GG