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News
23.11.2011
BONIFAZ GOLD PLC COMMENCES OPERATIONS AT THE ISABEL, ELOGIO AND CARMEN ROSA CONCESSIONS.
BONIFAZ GOLD PLC COMMENCES OPERATIONS AT THE ISABEL, ELOGIO AND CARMEN ROSA CONCESSIONS.
London, November 21 2011. BONIFAZ GOLD PLC, (BOG.F – WKN: A1H5HC) announces the deployment of engineers and geologists at its Isabel, Eulogio and Carmen Rosa mining concessions in order to determine the areas where mining will start in a few months. In addition to determine the mining areas the Company’s engineers will also determine the optimal metallurgical process needed to recover the gold. These 750 hectare concessions, have siderite outcrops with quartz mineralized structures that contain substantial quantities of gold. Studies have determined 30 million tons of siderite outcrops with a grade of 2.04 grams of gold per metric ton. Considering only the outcrop, with out taking into consideration what is below ground, there is estimated to be 61,200,000 grams of gold, which is 1,976,642.22 troy ounces, or US$ 3 billion at current market price (before extraction cost).
Oscar A. Bonifaz, CEO states, “we are all very exited about the commencement of operations at our Isabel, Eulogio and Carmen Rosa concessions and expect to be reporting production in a few months. The deployment of our engineers, for prospecting the specific areas where product will begin has been done successfully and we should expect news from the engineering team very soon”. He also stated, “These concessions are extremely they are strategically located next to the city of Oruro and very close to the city of La Paz. He added, “We will continue to inform our shareholders of all the mining and prospecting news”.
BONIFAZ GOLD PLC (BG) is a British mining company with metallic and non-metallic operations and mineral deposits throughout Bolivia, South America. The Bonifaz Gold group has been operating since 1992 and used its knowledge, experience and resources to acquire and accumulate some of the richest gold and non‐metallic ore reserves in South America. The BG group currently has 44 mines in Bolivia, covering 10,670 hectares (26,366 acres) and representing approximately US$ 9 billion (€7 billion) of proved and probable reserves.
Further information can be found on the BONIFAZ GOLD PLC website at: www.BonifazGold.com.
Contact:
info@BonifazGold.com
IR – Kontact Deutschland:
Connecting Markets Gmbh
Telefon: +49 (0) 40 7166 4761
Registered office in England and Wales
BONIFAZ GOLD PLC
88 Wood Street, 10th Floor
London EC2V 7RS, United Kingdom
U.K Company No. 07432940
Disclaimer
This press release contains forward-looking statements based on beliefs of BONIFAZ GOLD PLC management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Bonifaz Gold as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Bonifaz Gold disclaims any intention or obligation to update these forward-looking statements.
The data on proved and probable reserves of minerals have been calculated and inferred based on multiple geological and metallurgical studies carried out by independent geologists and mining professionals and may not necessarily coincide with various classes of mineral resources as defined by the Canadian Institute of Mining (CIM).
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London, November 21 2011. BONIFAZ GOLD PLC, (BOG.F – WKN: A1H5HC) announces the deployment of engineers and geologists at its Isabel, Eulogio and Carmen Rosa mining concessions in order to determine the areas where mining will start in a few months. In addition to determine the mining areas the Company’s engineers will also determine the optimal metallurgical process needed to recover the gold. These 750 hectare concessions, have siderite outcrops with quartz mineralized structures that contain substantial quantities of gold. Studies have determined 30 million tons of siderite outcrops with a grade of 2.04 grams of gold per metric ton. Considering only the outcrop, with out taking into consideration what is below ground, there is estimated to be 61,200,000 grams of gold, which is 1,976,642.22 troy ounces, or US$ 3 billion at current market price (before extraction cost).
Oscar A. Bonifaz, CEO states, “we are all very exited about the commencement of operations at our Isabel, Eulogio and Carmen Rosa concessions and expect to be reporting production in a few months. The deployment of our engineers, for prospecting the specific areas where product will begin has been done successfully and we should expect news from the engineering team very soon”. He also stated, “These concessions are extremely they are strategically located next to the city of Oruro and very close to the city of La Paz. He added, “We will continue to inform our shareholders of all the mining and prospecting news”.
BONIFAZ GOLD PLC (BG) is a British mining company with metallic and non-metallic operations and mineral deposits throughout Bolivia, South America. The Bonifaz Gold group has been operating since 1992 and used its knowledge, experience and resources to acquire and accumulate some of the richest gold and non‐metallic ore reserves in South America. The BG group currently has 44 mines in Bolivia, covering 10,670 hectares (26,366 acres) and representing approximately US$ 9 billion (€7 billion) of proved and probable reserves.
Further information can be found on the BONIFAZ GOLD PLC website at: www.BonifazGold.com.
Contact:
info@BonifazGold.com
IR – Kontact Deutschland:
Connecting Markets Gmbh
Telefon: +49 (0) 40 7166 4761
Registered office in England and Wales
BONIFAZ GOLD PLC
88 Wood Street, 10th Floor
London EC2V 7RS, United Kingdom
U.K Company No. 07432940
Disclaimer
This press release contains forward-looking statements based on beliefs of BONIFAZ GOLD PLC management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Bonifaz Gold as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Bonifaz Gold disclaims any intention or obligation to update these forward-looking statements.
The data on proved and probable reserves of minerals have been calculated and inferred based on multiple geological and metallurgical studies carried out by independent geologists and mining professionals and may not necessarily coincide with various classes of mineral resources as defined by the Canadian Institute of Mining (CIM).
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B460HL17">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B460HL17</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.