| Risk and valuation analysis of the CERRO DE MAIMON Project |
| Status Risk : Mine development |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the CERRO DE MAIMON Project |
 | Globestar Mining Corporation
Owner: 100% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| Cerro de Maimón was acquired from Falconbridge Dominicana (Falcondo) in April 2002 for an initial payment of US$350,000 and future payments of US$500,000. Falcondo hold a 2% royalty, of which 1% can be purchased by GlobeStar for US $1,000,000. The company holds 100% of the project. |
 | Xstrata plc
Net Smelter Return: 2% |
| | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
|
|
|
|
| Location of the CERRO DE MAIMON Project |
|
The Cerro de Maimón property is located in the municipality of Maimón, in Monseñor Nouel Province, approximately 70 kilometers northwest of Santo Domingo, the capital of the Dominican Republic. The operation is approximately 4 kilometers east of the town of Maimón, home to around 25,000 people.
|
| |
| History of the CERRO DE MAIMON Project |
|
Construction of the approximately $69 million open pit mine, processing facilities and related infrastructure began in December 2006 and was completed in October 2008.
|
| |
| Geology of the CERRO DE MAIMON Project |
|
|
The Cerro de Maimón deposit is a typical volcanic-hosted exhalative massive sulphide body (VMS type). It contains sulphide ores with recoverable copper, gold and silver, overlain by a gold and silver rich oxide cap.
|
| |
|
|
