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Mineral Mining PLC Acquires New Gold Deposit Worth Over $ Billion - London based mining company, Mineral Mining PLC confirmed today that it has signed agreement with government and successfully acquired Ciebo gold mine rights in Belize. This deposit has proven reserves worth more than US$ 1 billion.
Mineral Mining PLC Acquires New Gold Deposit Worth Over $ Billion

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/02/11 - London based mining company, Mineral Mining PLC confirmed today that it has signed agreement with government and successfully acquired Ciebo gold mine rights in Belize. This deposit has proven reserves worth more than US$ 1 billion. . FSE: M8M

   
 
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Mineral Mining PLC already owns rights to other gold properties in Panama, apart from its Colemanite (boron) deposits in Serbia.

About Ciebo Gold mine property of Mineral Mining PLC
The Ceibo Chico gold property of Mineral Mining PLC (mineral-mining.co.uk) is located in the Cayo district of west-central Belize. The local geology consists of intrusive and meta sedimentary rocks that are bounded by volcanic to the south and Upper Cretaceous limestones to the north.

The property consists of four contiguous exclusive licenses covering approximately 34 square kilometers and a 96-acre gold mining license. Historical past production included a single dedicated test, which was conducted by Mineral Mining PLC, between 2001 and 2002, and reportedly produced approximately 600 ounces of gold, with approximately 10 per cent of this amount, consisting of coarse gold and nuggets weighing between 0.25 ounce and 1.1 ounces. The property is now owned by Mineral Mining PLC.

The Ceibo Chico Creek appears to cut a geological formation that is responsible for the placer gold values in the drainage system. Work to date suggests that the fan on the lower end of creek has the potential to continue to yield gold-bearing gravel. Trenching and bulk sampling should be undertaken in this fan area with the intent of defining a resource block of minable gold-bearing gravel.

Other Gold property of Mineral Mining PLC
Panama Gold: Mina Santa Rosa

Mineral Mining PLC's Santa Rosa gold deposit is located near the village of Caazas in Veraguas Province, Panama, approximately 300 kilometres southwest of Panama City Access to the site is via paved road from the paved Pan American Highway. These roads are suitable for the transportation of major project components. The Santa Rosa project (the "Santa Rosa Mine") has two components: the Santa Rosa deposit and the Alto de la Mina ("ADLM") deposit.

This property of Mineral Mining PLC has significant proven gold deposits.

 
 
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Written by / Agency / Source: Mineral Mining PLC

 
 

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Mineral Mining PLC Acquires New Gold Deposit Worth Over $ Billion

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Publisher Contact: John Drexler - Mineral-Mining.co.uk 
+44(0)84 5557 5637 info[.]mineral-mining.co.uk
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Mineral Mining PLC securities in any jurisdiction including any other companies listed or named in this release.

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