Analysis of the global market, liquidity, supply and demand, gold as a monetary asset. Market news and reports

www.marketintelligence.gold.org

Gold

Kinbauri secures approval for Spanish gold mine agreement > Gold News > World Gold Council, gold market information and intelligence

 

Kinbauri secures approval for Spanish gold mine agreement

Monday, 4th April 2005 (2812 views)

Canadian miner Kinbauri Gold has obtained approval for an agreement with Rio Narcea Gold Mines to earn an interest in a Spanish gold mine.

The firm will hold a 65 per cent interest in the Corcoesto Property in north-west Spain through the deal.

Kinbauri will need to spend €4,000,000 over five years and €300,000 during the first year.

A drill programme is planned in late April, early May, that will look at expanding resources to 200 metres plus depth along high-grade zones.

In addition, some reconnaissance and in-fill drilling will be completed on other areas that are thought to contain gold.

Kinbauri is a junior exploration company, based in Ontario and has completed exploration focused on properties in New Brunswick, Ontario and Burkina Faso, West Africa.track

 

« Back to Gold News stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Gold News Archive:

 
 

Search

Search our gold investment information.

  • Gold Spot Price
  • Bid:[Retrieving Data]
  • Ask:[Retrieving Data]
  • Last Update:[Retrieving Data]
© 2008 World Gold Council - all rights reserved. Produced and managed by CFP Group.