“It’s a project that Teck Resources worked on for 10 years before they sold all their gold assets in 2009. It’s got three million ounces measured and indicated now and another 900,000 inferred. There are three deposits that are identified, El Limon, Los Guajes East and Los Guajes West. This press release dealt with El Limon, which has two thirds of the resource, and it’s been untouched for the last three years, so this was the first oppor...

With bullion process hovering around near record levels, senior global gold miners are on prowl, competing amongst each other for established and emerging projects containing gold, copper and silver. The world's largest gold producer, Barrick Gold Corp. and other large miners are pursuing copper-gold projects and gold-silver projects, as pure gold plays become scarce, said Barrick spokesman Vincent Borg. "The...