Press releases

Wits Gold award

MDM is awarded PFS for GoGold Resources Parral Tailings Project, Mexico

04 September 2012

MDM Engineering Group Limited (“MDM” or the “Company”) (AIM: MDM) the minerals process and project management company focused on the mining industry, is pleased to announce that it has been contracted to complete a Pre-Feasibility Study for GoGold Resources (“GoGold”) Parral Tailings Project in Chihuahua, Mexico.

The Parral Tailings Project comprises dry land tailings deposited from the historical Mina la Prieta silver and base metal mine. The tailings were deposited in two separate areas referred to as Zones 1 and 2.

The Parral Tailings Project (the Project) is held by GoGold’s wholly owned Mexican subsidiary, Grupo Coanzamex S.A. de C.V. (“Coanzamex”).GoGold, a Canadian exploration company, recently acquired the Parral Tailings project from Absolute Gold in August of this year.

Terry Coughlan, GoGold President and CEO stated:
“Preliminary work shows that a low cost mining and heap leach recovery process could be a viable option to develop the property. With the contracting of MDM along with our new COO Bob Harris we are well positioned to advance the project quickly through feasibility and potentially production. The experience that MDM brings to the table is very impressive and we feel comfortable with their progression.”

Dave Dodd, MDM Chief Metallurgist said:
 “MDM is pleased to be working on the Parral Tailings Project in Mexico. MDM will bring the experience of the team’s 35 gold plants designed and built over the years, which includes two 650 tonnes per month tailings plants built in the last three years. We look forward to a long working relationship with GoGold Resources.”

Enquiries:

MDM Engineering Group Limited

Martin Smith (CEO)
George Bennett (Executive Director)
Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Canaccord Genuity Limited

John Prior / Sebastian Jones
Tel: +44 (0)20 7523 8350

Tavistock Communications Limited

Jos Simson / Emily Fenton
Tel: +44 (0)20 7920 3150

KEY INFORMATION:

GoGold Resources:
GoGold Resources Inc. (TSX-V: GGD) is a Canadian-based, mineral resource company with properties in Mexico and Canada.
 
The company's flagship property, San Diego, is in Durango, Mexico and is currently the focus of GoGold's exploration efforts. The property is a massive 70,987 hectares located in the richest epithermal gold and silver belt in the world. The region is presently host to numerous operating gold and silver mines and is open to further mining development with a supportive local populace, cooperative government, and good infrastructure.
 
GoGold's Management Team are veterans of successful mine development and operation in both Canada and Mexico. In addition to their extensive business and government relationships within these countries, they have the knowledge, experience and financial acumen required to turn properties into profitable producing mines.
www.gogoldresources.com

Register for alerts

  • E-mail:
  • Remove me