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2 clusters · 9 sources · 8 days · First seen 11 days ago · Last updated 4 days ago

Goldgroup Mining project developments in Mexico

Overview

Goldgroup Mining has announced positive initial assay results from a 26,000-metre diamond drilling program at the San Francisco Gold Project in Sonora, Mexico. The drilling, conducted within the existing pit, identified high-grade intervals and broader zones of gold mineralization.

Specific intercepts include 23.4 metres grading 1.71 g/t gold and 16.8 metres grading 4.36 g/t gold. The company is using these findings to update geological, resource, and geotechnical models as part of a technical study to evaluate the potential restart and optimization of the former mine.

Approximately US$8.5 million has been allocated for current drilling and technical work. The technical study is slated for completion in the fourth quarter of 2026, which may lead to a potential restart of operations in the first quarter of 2027.

Entities

Snip Mine · Goldgroup Mining Inc. · San Francisco Gold Project · Gold Runner Exploration · Golden Girl Project

Timeline

4 days ago

[BUSINESS] 4 sources
Goldgroup Mining reports high-grade drill results at San Francisco Gold Project
Goldgroup Mining reported high-grade gold assay results from its drilling program at the San Francisco Gold Project in Mexico, supporting a technical study for a potential mine restart by 2027.
11 days ago

[BUSINESS] 5 sources
Gold Runner Exploration reports high-grade silver discovery
Gold Runner Exploration reported high-grade silver samples exceeding 25,000 g/t at its Golden Girl project in the Golden Triangle.

Sources

ad-hoc-news.de · deutscherpresseindex.de · fool.com.au · newsonline24.net · presse-control.de · presseradar.de · resourceworld.com · stocktitan.net · theascent.com