Additional Information
Market: ASX
Sector: Gold Mining
EPIC: PGI
Latest Price: 0.14  (0,00%)
52-week High: 0.20
52-week Low: 0.13
Market Cap: 86.43M
1 year chart
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PanTerra Gold
panterragold.com/site

PanTerra Gold (ASX: PGI), formally known as EnviroGold, is a near term gold producer at its Las Lagunas project in the Dominican Republic with construction scheduled for completion in December 2011. The project has an expected life of seven years at an annual production rate of 65,000 ounces of gold and 600,000 ounces of silver.

 

PanTerra Gold is also active in Ecuador with the advanced Azuay Gold Mining project and the San Gerardo Gold Mining prospect. At the Azuay project, construction is targeted to commence in mid 2012.

PanTerra Gold drills for copper, molybdenum, gold at Vittoria prospect in Ecuador

6th Feb 2012, 10:14 pm

PanTerra Gold (ASX: PGI) has commenced drilling on the Vittoria prospect, with 5,000 metres planned to test the 140 hectare anomaly.

Vittoria is one of six potential open pit mining prospects identified by Canadian geologists, Buscore Consulting, within the 2200 hectare San Gerardo concession.

Geochemical soil sampling at Vittoria identified elevated levels of copper, molybdenum and gold.

The initial drilling program is expected to be completed in about three months, with results to be published progressively after about two months.

A further 20,000 metre drilling program is planned, subject to the results of the initial drilling.

In the next two to three months a second diamond drill rig will be engaged, and employed on the nearby Azuay underground mining project.

Azuay comprises seven small-scale underground mining operations which will be expanded to produce a total of 300,000 tonnes of ore and 100,000 ounces of gold per year.

The Azuay project is at Feasibility stage.

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