Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
VANCOUVER, May 23, 2012 /CNW/ – Compass Gold Corporation (TSXV: CVB) today announced gold assay results from its 3,000m diamond-drill exploration program at the Solona target, Yanfolila permit in Southern Mali.
In March 2012, Compass commenced a 3,000m diamond drill program (comprising an initial 20 inclined holes (60 degree) to 150m depth along 50m to 100m spaced fences). This program is nearing completion, with 24 holes (or 2,827m) drilled. The objective of the program is to test mineralization from surface to a vertical depth of 100m. The company has received the fire assay results for the first five holes (SD41 to SD45) and four of these five holes have encountered gold mineralization from near surface to 78m inclined along the hole (~65m vertical depth). Details of the mineralized interceptions are set out below. Compass will release the results from the remaining drill holes as they become available.
