on Goldgroup Mining, Inc. (isin : CA38141A4046)
Goldgroup Mining Acquires Pinos Gold Project in Mexico
Goldgroup Mining Inc. has finalized the acquisition of a 100% interest in the Pinos gold/silver project in Zacatecas, Mexico. Known for its productive mining belt, Zacatecas hosts several prominent mining operations. The Pinos project spans 3,816 hectares and includes substantial gold and silver vein systems with potential for open-pit mining. Historical records indicate high-grade ore production at the site.
The acquisition enables Goldgroup to update the 2018 Preliminary Economic Assessment and explore further development opportunities. This strategic move leverages Pinos' existing infrastructure and proximity to skilled labor. Goldgroup plans a near mine drill campaign to assess expansion possibilities and test new exploration targets.
R. H.
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