Based upon the rapid rise in gold prices, Farallon Mining said it is planning a second mine at its Campo Morado property in Guerrero Sate in Mexico The Company is formally initiating studies to re-evaluate the Reforma, Naranjo, El Largo and El Rey deposits to assess the feasibility of building a second mine with a target start date of July 1, 2013. Indicated resources for the Reforma, El Rey, Naranjo and El Largo deposits total 11.2 million ton...

Farallon Mining Ltd. recently announced new high grade gold zones outside the current mineral resource at the G-9 Mine at the Company's Campo Morado property in Guerrero State, Mexico. High grade precious metal intercepts at G-9 have been reported in various news releases over the years, most recently in the Company's December 16, 2009 news release in which an intersection of 13 metres of 20 grams of g...