PRO:CA announced today it will buy five Panama gold properties from Minera Cerro Quema, S.A. for $6.4 million. The properties contain historical measured and indicated gold resources of 451,400 ounces.
Pershimo President and CEO Alain Bureau commented, “The upside linked to this project and the constant increase in the gold price makes this advanced project very appealing…Our team already has hundreds of meters drilled in the LaPava gold bearing dome in order to come up with the first 43-101 compliant report on the resources contained in the La Pava open pit. Our short term goal is to also bring the adjacent open pit resources towards a 43-101 compliant report.”
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