Petaquilla

Petaquilla – Article, Gold hit a record high

Petaquilla – Article, A Boon for Gold

The metal turned higher again after consumer thoughts worsened in early September to its weakest in more than a year. Another report indicated little underlying US inflationary pressure. Gold surged to $1,282.75 an ounce in the European market on expectations that the US Federal Reserve, hoping to stave off double-dip recession, could announce more quantitative easing — usually a boon for gold.

Petaquilla – Informs, Responding to a dime store geologist

minerals - Petaquilla

Most mineral deposits in Panama, have an above average grade 2.5 ppm Au (Cerro Quema, Petaquilla Molejon, Minas Santa Rosa, etc.)

The formation and hence the existence of any mineral deposits on the surface of the  Earth is in itself a casualty of nature. The detection and subsequent exploration, require in depth knowledge of geological exploration techniques. If a site becomes a mining project (note that we have not said mine) depends mainly on the concentration of certain elements in the rock and where it is located.

On average a mine as noted by the columnist, removes 400 tons of rock to process 1 oz. Au (gold) (average grade of 0.7 ppm Au). With this equation, and if you know some economics such a mine would not be profitable and does not allow payment of costs extraction, processing and marketing so it would not be feasible.

Most mineral deposits in Panama, have an above average grade 2.5 ppm Au (Cerro Quema, Molejon, Minas Santa Rosa, etc.) And a lifespan of 8-10 years.
The writer is speculating and has entered into a field in which apparently she has no idea
what she is saying, how much land will be removed to get a certain amount of gold, apparently she does not know that the land is not removed or processed, In this case gold is linked to certain types of rock susceptible to impregnation and subsequent deposits of minerals due to hydrothermal solutions rising in areas favorable to it. That is why these sites are in areas with near-vertical escarpments making it impossible to use for agricultural purposes and / or livestock.

The economic model that is proposed to exploit the tourism, I ask what touriss would like visit a forest full of leishmaniasis, Chagas disease and malaria?, What is the plan to clean up these forests in order for the tourists to visit? And if so, how will you get them there? using who knows what means of transport, that the few ways of existing communication have been made by mining companies.

What happens when the mining companinies are finished with the resource? The roads, infrastructure, etc.. will remain so they are the ones that move the economy of a country.

Petaquilla – News, Environmentalist challenged

Petaquilla employees drink water from rivers nearby the mine to show that there is no contamination

Carlos Salazar – Petaquilla

Representatives of the Petaquilla Gold mine rejected the arguments of farmers and environmentalists about the pollution of the Coclesito River and to prove it they bathed in the water and even drank water directly from river.
Carlos Salazar, in the presence of the media, bathed in the river with his son and public relations representative Fernando Rodriguez. “Petaquilla is accused of having polluted rivers, mainly Coclesito without scientific evidence, and have alarmed the people to later interview them.” said Salazar.
842 square Km is mine Molejon, 300 thousand cubic meters has the tub. He stated that the mining company is not using seven tons of cyanide and is not destroying the water sources in the region, as stated by the environmentalists.   He explained that in the operational phase they have taken advantage of the high level of rainfall, which increased levels of the tub of tailings, to say that there was spill, which is not true.
They also argued that theoretically the mine consumes 1800 cubic meters of water a day because the tub has a pumping capacity of 45 cubic meters per hour, but as rain fills it, they do not get to use 45 cubic meters, or much less 1800 per day.
Salazar said that Coclesito water can be consumed, although environmentalists accuse Petaquilla of having contaminated the water.
Leak
They say there is no danger to the level of landslide tubs
Location
They are in District Molejon Donoso
Research
Ancon Anam and take samples of water from nearby rivers

History shows that of 100 applications for exploration, two become mines and so Panama at its best will have 6-7 mines, which would have a surface of 3.500 to 4000 hectares, equivalent to 40 square kilometers, said Salazar.

It was a challenge without proof

The environmental Raisa Bainfield said she saw no evidence that Salazar was drinking water from the affected rivers.    “That bathing and drinking water from the rivers has no merit. That was will determine whether there is contamination or not is a committee of national experts that investigates the mine, and I say international because the government is biased in this issue, “said Bainfield, while trying to establish her theory that the mine is detrimental to the community.

Source: RAMOS Torrera Lineth – El Siglo

Petaquilla – Info, The Company

Petaquilla Minerals Ltd.  The Company

Petaquilla is a mining company presently commissioning a surface gold-processing plant at its 100% owned Molejon Gold Project.  Commercial production began on January 8, 2010.

Anticipated throughout for the project for the first year of production will be 2,200 tonnes per day and the plant will utilize three ball mills and a carbon-in-pulp processing facility.

Plans are in place to increase production to 5,000 tonnes per day with the addition of a SAG mill as the supply of mill feed permits.

Petaquilla – News, Oil & Gas Petrominerales continues search for new opportunities – Colombia, Peru

Petaquilla – News, PMG had attempted to purchase a 50.1% stake in Interoil through a share issue

Canada’s Petrominerales (TSX: PMG) will no longer Attempt to Acquire Norwegian E & P outfit Interoil’s Latin American assets and will focus on INSTEAD New Opportunities in Peru and Colombia, CEO Corey Ruttan Told BNamericas. Petrominerales had attempted to purchase a 50.1% stake in Interoil through a share issue. Last week the Norwegian firm rejected Petrominerales’ offer, instead opting to sell stock to existing shareholders and new investors at a lower price. Last week the Norwegian firm Petrominerales Rejected ‘offer, encourage opting to sell stock to Existing Shareholders and Investors at a new lower price. “The equity transaction was allowed to go ahead at a lower price, and we’ve accepted that and will move on,” Ruttan said. “The equity transaction Was Allowed to go ahead at a lower price, and we’ve accepted That and will move on,” Ruttan said. BVC The company expects STI listing on Colombia’s local exchange to BVC OCCUR Before year-end. “There is good access to capital and it is good for our visibility,” Ruttan said. “I do expect to see more Canadian companies doing the same.” “I do expect to see more Canadian companies doing the same.” Petrominerales is a Latin America-focused E&P company producing oil in Colombia with 17 exploration blocks in the Llanos and Putumayo basins and five exploration blocks in Peru in the Ucayali and Titicaca basins. Petrominerales is a Latin America-Focused Producing E & P oil company in Colombia with 17 exploration blocks in the Llanos and Putumayo basins and five exploration blocks in the Ucayali in Peru and Titicaca basins. The Company reported production rates of 44.203 b / d in Q2, a 105% gain year-on-year. Net income for the quarter was US$81.2mn. Net Income for the quarter Was U.S. $ 81.2mn.