Zungano Project |
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Country |
Nicaragua
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Province |
Nuova segovia |
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Status |
BROWN EXPLORATION
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Surface |
250 km² / 61,775 acres |
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Legends
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Risk and valuation analysis of the Zungano Project |
Status Risk : Brown exploration |
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Title(s) of the Zungano Project |
| Infinito Gold Ltd. Owner: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The Company has agreed to make expenditures totalling US$ 4.92 million over 51 months including exploration work, social programs, and payments to the current concession holder. If these obligations are fulfilled the concession will be totally controlled by the Company and the current owner will retain a residual royalty on gold sales of 1.5 percent to a maximum total of US$ 10 million. |
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Location of the Zungano Project |
The area in the concession that is of immediate interest is near the Chachagua River about 25 kilometres north-east of the town of Quilali. Part of the concession is located as close as 10 kilometres from the historic San Albino gold mine and there is small scale artisanal gold mining reported in the area.
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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