GOFF, Goff Corp, jumps 110% on Golden Glory Resource deal,03/18/2013

MEDELLIN, Colombia, March 15, 2013 (GLOBE NEWSWIRE) — via PRWEB — Goff Corporation (“Goff” or “the Company”) (GOFF) through its wholly owned subsidiary Golden Glory Resources S.A. (“Golden Glory”), has acquired 100% interest in mineral leases in the Aguadas, Department of Caldas, Colombia area — a region well known for multiple gold discoveries within the past several years as Colombia has opened its doors to global mining interest.

The leases on LGC15011 or known the “La Frontera Prospect” are comprised of 1227 hectares of mineral leases in the Aguadas area, Department of Caldas, located about 60 kilometers south of Medellin in Colombia’s northern region. The leases were acquired 100% from a Colombian mining company.

The Caldas Region is widely regarded in the mining investment community as one of Colombia’s hottest gold exploration and production areas. In 2011 an estimated 55,908 kilograms of gold valued at over USD $2.8 billion were produced in that South American country (Source:USGS Yearbook 2011 Colombia). Approximately two-thirds of Colombian gold production has been from placer deposits in the Department of Antioquia, which is immediacy adjacent to and straddles about 30% of the leases where Golden Glory’s La Frontera Project is located.

Exploration was carried out by previous leaseholders and several artisanal miners have produced gold from the La Frontera property. This data, combined with modern mining approaches and review led to the acquisition and new initiative being launched by Goff subsidiary Golden Glory Resources.

Source:the company, OxBridge Research

Yukon-Nevada Gold,YNG,YNGFF, Profile, Summary

Yukon-Nevada Gold| YNG |YNGFF | Profile | Summary

Yukon-Nevada Gold Corp is listed on the Toronto Stock Exchange (YNG.TO)

and trades on the OTC/Pinksheets under the symbol YNGFF.

Jerritt Canyon, the Company’s flagship project, is located in northern Nevada. The Company is currently focused on modernizing the milling facility and emission control systems. The Company is striving to reach a point of renewed profitability accompanied by a significantly reduced environmental impact. Ongoing permitting at Starvation Canyon, Nevada will allow the Company, in the future, to realize an increase in the production of gold ounces at Jerritt Canyon.

The Company is focused on bringing its wholly owned Ketza River property back into production from the Manto Gold Zones and permitting is underway. The Ketza River Property includes the Ketza River mine, which, from 1987 to 1990, produced 98,000 oz of gold and by-product silver from 340,000 tons of ore.

 

 

1. Jerritt Canyon – historical production of approximately 8 million oz gold since 1981

100% owned.

Permitted and Producing.

Current Reserve & Resource includes: 374,800 oz Proven, 686,000 oz Probable, 1.03M oz Measured & 1.29M oz Indicated.

Mill engineered capacity of 6,000 tpd of which 5,280 tpd is currently permitted.

 

2. Ketza River – historical production of 98,000 oz of gold and by-product silver between 1988 – 1990

100% owned.

Current Resource includes: 29,000 oz Measured and 388,700 oz Indicated.

Site infrastructure well developed.

Permitting in progress for mine/mill re-start.

 

Deutsche Bank invested $40M in equity and $140M gold forward sale.

 

Planned mine includes 9 open pits and 2 underground declines

83% of the oz to be mined will come from the open pits.

Estimated mining rate of 50,000 tpd for the first 2 years and 20,000 tpd in the 3rd year from the open pits.

An additional 500 tpd will come from underground mining.

 

A total of 41% of the measured and indicated recoverable resource ounces are hosted in oxide ores which have a gold recovery of 90%; whereas the other 59% of the measured and indicated recoverable, resource ounces are hosted in sulfide or mixed sulfide+oxide ores that generally have Au recoveries of 70%.

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A Modern Gold Rush: OxBridge Research Profiles Del Toro’s Golden Vision

CARSON CITY, Nev., Dec. 8, 2011 (GLOBE NEWSWIRE) — Del Toro Silver Corp. (OTCBB:DTOR) (“Del Toro” or the “Company”) is pleased to announce that OxBridge Research (http://www.oxbridgeresearch.com) has initiated profile coverage of Del Toro Silver Corp. The OxBridge report lists Del Toro Silver Corp as one of its “Stocks to Watch” and states that California historic gold mines offer a rare investment opportunity. The OxBridge report offers additional information for public consideration on the Discovery Day Gold Property.

About OxBridge Research

According to OxBridge Research “The research company provides rigorous research and analysis using its own, time tested, proprietary method.”

About Del Toro Silver Corp.

Del Toro Silver Corp. (OTCBB:DTOR) is a dynamic mining and exploration company whose corporate strategy is the acquisition and development of high grade, near term production gold properties in the western USA and Mexico, with particular focus on historically prolific California mining districts. Del Toro’s new management team, in place since September 2011, targets properties which require limited exploration, development and mining expenditures, with the potential for near term production and positive cash flow. In keeping with this strategy the company recently entered into an Asset Sale and Purchase agreement for the Discovery Day Gold Property located in Siskiyou County, California. The goal of the company is to become a gold producer and industry leader in the small to mid size mine market.

A copy of this news release and more information on the Company can be obtained on the company website (http://www.deltorosilver.com).

Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the “SEC”) (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Such risks and uncertainties may include, but are not limited to, the risks and uncertainties set forth in the Company’s filings with the SEC, such as the ability to obtain additional financing, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

 

Stock to Watch, Del Toro Silver Corp. DTOR.OB

Stock to Watch!

Del Toro Silver Corp. DTOR.OB

 

Del Toro Silver Corp. (DTOR.OB) is a dynamic mining company, primarily focused on historic gold mining districts in the state of California and the western USA. The company is targeting historical high grade gold properties that offer near term production potential at relatively low development and operating costs.

The Gold Rush

The Marshall discovery of gold at Sutter’s Mill in 1848 started the California gold rush. When the news spread through the US the rush began. Americans from all over the country joined their compatriots from California and headed for the foothills of the Sierra Nevada.

Learn more about The Gold Rush

On November 14, 2011, Del Toro Silver Corp. (DTOR.OB) entered into an agreement for six of these historically producing gold mines by acquiring an option for the Discovery Day Gold Property. Past production records show that these six mines have produced at least 60,430 ozs of gold.

The Discovery Day mine was in production as recently as 2010. Mill Records from1996 show the mine produced 2,350 oz of gold, worth 4 million dollars. Learn more about the acquisition strategy

Key Points:

> The Discovery Day Gold Property isfully permitted for gold production by the authorities.

> Up to 75% of the project can be acquired by Del Toro.

> The Discovery Day mine located on the claims is a turnkey mine ready for production.

> Low production costs that are expected to run from $275 to $350 per ounce.

> The fully operational processing mill can produce up to 10,000 ounces of gold per year.Find out more compelling reasons

Laser focused

Del Toro is laser focused on historic mines in California and the western USA. Management’s corporate strategy is the acquisition and development of mines that can be reworked and quickly put into production with relatively small initial capital expenditure.

OUTLOOK

Gold is likely to continue to trade at the $1,600 to $2,000 band in the near future. Consumer demand in third world countries is increasing, to combat Inflation, market volatility and currency fluctuations, Central Banks are increasing their gold reserves. Read the full Summary, get to know the Management, learn moer about their unique strategy. Click here

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