Pink:orfg, Gg, & Egi: Goldcorp Has Agreed To Support Thompson Creek Metals Inc.
Orofino Gold Inc (Pinksheets: ORFG.PK) is a precious metals acquisition
, exploration, and development company thats offering investors a golden opportunity.
When the dollar is devalued, the price of gold goes up as this metal becomes a safe haven for traders. Orofino Gold Corp. knows the value of gold in todays economy and has recently signed an option agreement to acquire several properties in Colombia, a current hot spot of gold production.
Results from mineralized and un-mineralized material samples, as well as selected representative samples collected from its Colombian projects that ran higher than expected in gold, silver, and copper, give the precious metals acquisition, exploration, and development company four very strong targets and two extremely rich structures to target for gold and copper.ORFG is a precious metals acquisition, exploration, and development company.
With the frequent occurrence of the very high grade gold vein systems in the central area of ORFGs Senderos de Oro project and with several small scale grinding and amalgamation mills in-place ORFG is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while ORFG continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.
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GOLDCORP INC. (TSX: G, NYSE: GG) has recently reported to agree to support the proposed transaction whereby Thompson Creek Metals Inc. Thompson Creek will acquire all of the outstanding common and preferred shares of Terrane Metals Corp.
Goldcorp controls 58% of the outstanding shares of Terrane through its ownership of 240 million preferred shares and 27.3 million common shares. In conjunction with the Thompson Creek acquisition of Terrane, Goldcorp has agreed to vote its securities in support of the Thompson Creek acquisition. Upon completion of the transaction,
Goldcorp will receive proceeds of $240.5 million in cash and 13.9 million Thompson Creek common shares representing approximately 8% of the outstanding shares.
About GG:
Goldcorp is a leading gold producer engaged in gold mining and related activities including exploration, extraction, processing and reclamation. The Companys operating assets include the Red Lake, Porcupine and Musselwhite gold mines in Canada, Peasquito, Los Filos, El Sauzal, and San Dimas gold/silver mines in Mexico, the Marlin mine in Guatemala, the Marigold mine (67% interest) and Wharf mine in the United States and the Alumbrera mine (37.5%) in Argentina.
Goldcorp is North Americas fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
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EGI, Entree Gold Inc.
Entre Gold Inc. has recently received a mining licence covering its Nomkhon Bohr coal discovery, outlined through exploration efforts in 2008-2009. The new mining licence comprises approximately 14,030 hectares and covers the northwest corner of the former Togoot exploration licence. The portion of the property included in the mining licence is mainly underlain by Permian sediments which are known to host rich coal deposits in this part of the Gobi Desert.
The Nomkhon Bohr thermal coal occurrences lie within Permian sedimentary rocks thought to be of similar age to those hosting the multi-billion tonne Tavan Tolgoi thermal and metallurgical coal deposits. Tavan Tolgoi is located approximately 80 kilometres to the northwest. Two groups are currently mining and trucking coal to China along an improved dirt road that passes immediately north of Nomkhon Bohr. This road is in the process of being paved. A railway, which will follow a similar route to the current road, is planned to service both Tavan Tolgoi and Oyu Tolgoi and provide greater access to markets in China.
About EGI:
EGI is a Canadian mineral resource company successfully meeting the global demand for products derived from gold, copper, molybdenum and coal.
EGI is achieving this goal through concerted exploration efforts. With operations in Mongolia, China, the United States, Canada and most recently Australia, through the acquisition of PacMag Metals Limited, EGI has assembled a portfolio of projects balanced between grass roots, advanced exploration and pre-production.
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by: Blayne Sheffield
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Pink:orfg, Gg, & Egi: Goldcorp Has Agreed To Support Thompson Creek Metals Inc. Anaheim