Precious Metals with Mining Progress, 3rd Qtr Results, News - US Precious Metals, GoldCorp, Barrick Gold, Randgold, Freeport-McMoRan
Sep 24, 2013, 09:05 ET
CORAL SPRINGS, Florida, September 24, 2013 /PRNewswire/ --
Today's news updates for active precious metals mining companies with major announcements, 3rd Quarter Results and News: US Precious Metals, Inc. (OTCQB: USPR), GOLDCORP INC. (NYSE: GG), Barrick Gold Corporation (NYSE: ABX), Randgold Resources Limited (NASDAQ: GOLD) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX).
US Precious Metals, Inc. (OTCQB: USPR) Headline: US Precious Metals Inc. Announces Phase II Development to Begin Immediately On Its Michoacán, Mexico Property. US Precious Metals, in conjunction with our its Joint Venture partners Mesa Acquisition Group LLC/Alba Petroleos De El Salvador Sem De Cv, is pleased to announce the immediate commencement of Phase II development on its Michoacán, Mexico property. George Mesa, President/CEO of Mesa Acquisition Group stated "Not only did the satellite imaging confirm previous areas indicated in the previous drilling programs, it also uncovered new areas of high intensity gold reserves." He continued; "As you know, I have been studying the property, core samples, drilling programs with Mr. Serrat, Mr.Figueredo, and my partners for more than a year now. This confirmation was more than enough for us to move forward. We will begin Phase 2 immediately and based on the unexpected results, we are also in internal discussions with our partners with a view to putting together a package to exceed the previous amounts contemplated for Phase III".
To read the entire press release, please go to http://www.fnmprofiles.com/profiles-uspr.php
Phase II will include applying the Forming Short-Pulsed Electromagnetic Fields (FSPEF) and Vertical Electric-Resonance Sounding (VERS) on a majority of the 2,134 acres. The FSPEF technology will be even more detailed than the high spectrum UV laser satellite imagery, honing in on the proven deposits and the VERS technology will identify volume and depth of mineralization in all areas of interest. Together when completed, these technologies will provide a proven reserve estimate in grams of Gold per ton of ore body. In addition, The Mesa Acquisition Group is currently speaking with the relevant government bodies regarding road permits, hauling routes, water, and electric as well as all environmental requirements to facilitate Phase II development. They also have begun identifying the necessary equipment and earthmovers that will be brought to the site.
GOLDCORP INC. (NYSE: GG) will release third quarter results prior to market open on Thursday, October 24th, 2013. A conference call will be held Thursday, October 24th at 10:00 a.m. (PT) to discuss the results. Participants may join the call by dialing toll free 800-355-4959 or 416-695-6617 for calls outside Canada and the U.S. A recorded playback of the call will be available until November 24, 2013 by dialing 800-408-3053 or 905-694-9451 for calls outside Canada and the US. Conference ID#: 5331726
Barrick Gold Corporation (NYSE: ABX) recently annouced a live webcast of the Conference Call will be accessible on Barrick's website at http://www.barrick.com. The Conference Call will be available for replay until November 14th, 2013 by calling 800-408-3053 for North American callers and 905-694-9451 for International callers, Pass Code: 6782148
Randgold Resources Limited (NASDAQ: GOLD) engages in the exploration and development of gold deposits in Sub-Saharan Africa. The company holds an 80% controlling interest in the Loulo mine and Gounkoto mine, as well as a 50% interest in the Morila mine located in Mali; an 89% controlling interest in the Tongon mine located in the neighboring country of Côte d'Ivoire; an 83.25% controlling interest in the Massawa project in Senegal; and a 45% interest in the Kibali project, which is located in the Democratic Republic of Congo.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) engages in the exploration of mineral resource properties. The company primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, such as rhenium and magnetite. It operates in five segments: North America Copper Mines, South America Mining, Indonesia Mining, Africa Mining, and Molybdenum Operations.
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